How the Aussie dollar’s historic low affects our financial future…
Australia is already one of the worst among all OECD nations for elderly poverty.
The average poverty rate for those over 65 in OECD nations is 11.4%. In Australia, it’s 19.5%. And rises to 28.7% for those over 75.
It’s often hard to pinpoint a single cause of a country’s poverty.
But debt is often one of them. And declining commodity prices is another.
However, symptoms of poverty can be detected by gauging how strong a country’s currency is.
The Aussie dollar slumped to a 10-year low in July. Its lowest level since 2008.
It’s thanks in part to a combination of slowing iron ore prices…and record low interest rates.
So will the Aussie dollar continue to decline for the remainder of this year and into 2020…or could we see some respite?
To find out, you need to download Rum Rebellion Editor Greg Canavan’s brand new report: ‘Will the Aussie Dollar Rise or Fall in 2020?’
Download Greg’s report today and you’ll learn:
- Where the Aussie dollar could be headed in 2020: The Australian dollar had a rough 2019, sinking to its lowest point in a decade. Will we see more of the same in 2020? Greg shares his analysis and how he thinks the dollar will travel across the next 12 months.
- How Australia’s most abundant resource affects our currency: Greg reveals how and why iron ore can push and pull on the value of the Australian dollar.
- Why China plays a huge part in Aussie dollar movements: The middle kingdom has a huge hand in the value of the Aussie dollar. Greg discusses how China’s ‘invisible hands’ could weigh heavily on our dollar in 2020.
You’ll learn all this and more in Greg Canavan’s brand-new report: ‘Will the Aussie Dollar Rise or Fall in 2020?’
To get your free copy — right now — enter your email address in the box below and click ‘Send My FREE Report’. You’ll get a downloadable PDF file delivered to your inbox within the next five minutes.
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Edited by Greg Canavan, Selva Friegedo and Vern Gowdie, The Rum Rebellion brings you a take on the financial and political world you won’t find anywhere else. Our editors write about the stock market, gold, fake news, political hypocrisy, China, interest rates, and various big picture themes and viewpoints that don’t see the light of day in the mainstream media.
Underpinning these views is our (pragmatic) libertarian take on the world. We believe, for the most part, governments should let people live their lives with minimal interference, and tax us less. The less money the government has, the less damage they will do to the economy.
Whatever the daily essay covers…it will be from a unique, irreverent and refreshingly alternate point of view.
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All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
Calculating Your Future Returns: The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in this report are forecasts and may not be a reliable indicator of future results. Any potential gains in this do not include taxes, brokerage commissions, or associated fees. Please seek independent financial advice regarding your particular situation. Investments in foreign companies involve risk and may not be suitable for all investors. Specifically, changes in the rates of exchange between currencies may cause a divergence between your nominal gain and your currency-converted gain, making it possible to lose money once your total return is adjusted for currency.