Fear for the Australian dollar. | Tomorrow's World

Fear for the Australian dollar.

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Currently, the Australian dollar is relatively strong on the world currency markets.  However, Australia’s increasing reliance on exports to China concerns some experts. In recent years, Chinese companies have been hoarding metals—especially copper—to use as collateral.  With the slumping value of copper, Australian exports to China are predicted to drop drastically, which will negatively affect the Australian dollar (Money and Markets, October 22, 2011).

Economists seldom connect their concerns with areas outside their field.  Yet religious interest in Australia is not strong and Australia boasts some of the largest “Gay Pride” celebrations in the world.

The Bible clearly reveals there will be negative consequences to Israelite-descended nations because of their increasing rejection of God and His ways.  Moses predicted that the Israelite nations will become the tail, while outside nations will become head over them (Deuteronomy 28:43-45).  Moses also warned about trusting foreign nations instead of God (Deuteronomy 28:49-50).  If copper prices tumble, due to the trade relationship between Australia and China, we might expect the Australian dollar to tumble down with it.