I agree... because the whole economy and struggling families & pensioners must suffer so that us handful of fans can get our toys cheaper...
Unfortunately, because our wage rates and cost of living is so high in this country, our dollar is over-valued when at parity to the US$ or close to it... which means that local industry and business can't compete, which costs jobs and blows out the deficit from all the cheap imports we are consuming. Just look at all that cheap Chinese stuff in Kmart and BigW, that costs less at retail to buy than it would cost to make here before it is even sold to the stores.
We've gone so long with these cheap imports that we've become reliant on those prices, so when the necessary adjustment occurs as the one industry that was keeping us going dries up (Mining), it's going to be hard to accept or afford the prices we had 10 years ago before the AU$ headed towards parity.
It's a bit like low interest rates for mortgages... if we go too long at a low rate that is below normal for a healthy economy, people eventually get used to that repayment rate as if it is normal. And when rates go back up to a "healthy target" or even higher to deal with inflation, it hits people hard who made themselves comfortable or used to what they thought was a healthy rate. (which is going to happen within a couple years, as interest rates are way too low... but keep getting cut to deal with the sluggish economy - an economy that was used to the Mining sector bringing in billions of dollars to people's pockets and paying billions in tax and royalties, which state and federal governments now have to compensate by raising other taxes and/or cutting spending... both of which impacts on the whole economy, and in turn the value of our dollar)
It's all so confusing, and people spend decades trying to understand it all.
And we are just pawns to the game of the rich and powerful.
