Commodity rout

The Chinese are where they are because of currency manipulation; keeping it low in value so their exporters can sell cheaply. But Australia does not have that perk.

While the rise of AUD is great for traveling overseas, it is a disaster for miners. Our commodities are sold in USD but the profit is reported in AUD. And for many ignorant Aussies, our lifestyle is supported by the tax generated out of this trade.

There is now a terrifying market where people can invest in hoarded commodities, used solely as an object of 'value'. When one of these stumbles, everything else follows. Either China fumbles or the ETF mad sell-down or a major upheaval like 9-11 will be the next cause of a market collapse.

In the meantime, I sit and watch... Usually, politicians only do something AFTER a catastrophe.