I’m not sure whether it’s malnutrition, a lack of self-confidence or maybe it wasn’t breast-fed as a child, but there is something horribly wrong with the Australian dollar. A butterfly flaps its wings in the Amazon and suddenly the AUD is face-down on the canvas, losing blood and spitting out teeth. I don’t care if our dollar can’t throw a punch, but it should at least try to occasionally kick the Pound in the balls.
It would even be O.K. if all the other currencies were failing, but they’re all standing tall, leering at our dollar as it lies hog-tied on the floor, whimpering through a gimp mask. I’d like to think that it’s going to get up, but the Deutsche Mark has a boot at its throat and the Danish Kroner is fetching the Vasoline. I think it’s going to be a long recession.
The weird thing is, Australia would never accept this kind of pounding if it happened in any other area. If we were thrashed to within an inch of our life on the world sporting stage, then there would be a nation-wide uproar, a royal commission and lots of angry men in pubs. But when the Aussie Dollar goes down 5-0 to Paraguay, suddenly we pretend that don’t understand and we blame it on the finance boffins.
Well I think it’s time to take a stand, because it’s getting embarrassing, and I think I know why it’s happening. I think that our dollar likes to be punished. Here we were, all this time, assuming that our dollar hates being humiliated on the global markets, sneered at and pissed on by the other currencies, but I think that’s exactly what it’s into. We’ve got a dollar with masochistic tendencies, it likes the humiliation and pain.
Now I’m not presuming to know what’s right and wrong in the area of global economics, but I’d really prefer to have a less-kinky currency. Can swap this dollar out for a new one that doesn’t enjoy getting a regular pounding? If not, can we at least make sure that it knows what the safety word is?