One thing that bores me about my blog is everyday me and some readers play a game of "let's see whose a fucking retard" tag ..but they're always "it".
Ever since the rand has followed world trends and slid against an inflated dollar, the neurotic south african blogsphere has got a raging hard on. As I have tried to explain without having to resort to "little johnny has two apples.." in my previous posts comments section but it's seems some of my readers have the itellectual skills of a opera singer aspiring mute.
Look a weaker rand for a developing country is a good thing. End of story. South Africa needs to be increasing exports and slowing down on imports. That equals production growth as for every product that is exported needs to be replaced by another. Seeing as imports are too expensive it's a perfect niche for small and new business to emerge. That equals employment and economic growth. It's really not complicated people. The best way this could happen is with a weaker rand. Suddenly South African products are dirt cheap to buy , foriegn products we don't need become less desirable. We spend more of our money on our own people...and guess what....more people from other countries spend more of their money on us. Woo di motherf#cking doo. Utopia here we come.
The absurdity of people want a strong rand can easily be demonstrated by taking it to it's furthest logical conclusion. What if for example the rand was 5 to the dollar ?
Suddenly every South African product would be twice as expensive to export. We'd lose all our competitiveness and other countries would look elsewhere. Local producers would also get outdone by other countries because it was so much cheaper to import their goods. Factories everywhere in this country would have to close. We'd import everything, have a huge defecit and then inflation would really hammer us. It would be disater !!! That's just the f#cking facts my friends.
The only benefit of a strong rand would be we could buy cheap raw materials from other countries. But here's the kicker ! We don't need them ! We have all the raw materials here we need bar oil ...we'd be buying stuff we don't need at the expense of jobs at home to make products no-one could afford to buy. Yeah ! Real great geniuses !!!
Now what if the rand was 1 to the dollar ? Grasp this and you're starting to understand what a currency is and how it works you dumb twats.
So next time you hear someone point out that the rand has slid and how "disasterous" that is for the economy, sit them down and piss on them.
Piss in their face.