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To: Patriotic1
Two principal ways to start. 1) Begin moving your assets -- any you can spare -- offshore. Contrary to some popular myths, this action is entirely lawful as long as you dot the regulatory i's and cross the t's. 2) Start denominating ALL your financial assets in currencies other than the US Dollar.

At the moment, I prefer, in this order, the following currencies, rated according to A) likelihood of appreciation against US Dollar, and B) political safety and relative reliability :
1) Singapore Dollar
2) Norwegian Krone
3) Canadian Dollar
4) Australian Dollar
5) South Korean Won
6) Indian Rupee

In theory, one of the strongest currencies now is, and will be later, Brazilian Real. However, their goobermint is in the hands of an outright Marxist and the Real is therefore untrustworthy.

Be advised that, to deal in Rupee, you will need to open a bank account or brokerage account **IN** India. Again, this is entirely legal (but a bit of a pain in the a&&).

Do spread your risk around. Some assets in one ccy, some in another, some in yet a third.

One of the better books for the layman (as opposed to the professional trader) on the subject has the amusing title "Where To Stash Your Cash Legally", written by a chap named Bob Bauman. Former Congressman (not that that is itself any recommendation at all), highly knowledgeable regarding the nuts and bolts and details of shifting assets offshore and/or redenominating them.

FReegards to you!

108 posted on 03/31/2011 11:29:36 AM PDT by SAJ (Zerobama -- a phony and a prick, therefore a dildo)
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To: SAJ

So when I skim something like this:

http://www.latimes.com/business/la-fi-amateur-currency-trading-20110403,0,588787.story

I get concerned... is that what you mean?


123 posted on 04/04/2011 11:48:51 AM PDT by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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