Posted on 05/31/2009 5:42:20 PM PDT by arthurus
As the Federal Reserve continues to monetize the money supply (quantitative easing) at a breakneck pace, nations around the world have become very concerned about their holdings of US dollars and dollar backed assets. The dollar at this point in time looks like it's virtually guaranteed to lose its status as the international reserve currency.
(Excerpt) Read more at seekingalpha.com ...
lead, coffee, sugar, spam, more lead...
Losing reserve currency status would be a major shoe dropping.
What about an ETF like TBT?
cash works
maybe eventually, safe bonds
Read “The Coming Great Depression” by Harry Dent
http://www.youtube.com/watch?v=YYVrjV9-iSA
Sorry, book title is “The Great Depression Ahead”
Depends on your situation. The basic idiom is "Get out of dollar-denominated everything".
Divest yourself of all US-based paper assets (stocks, bonds, even dollars). At this point, I am not even recommending precious metals or commodities.
Land, fungible knowledge, food, weapons. Stuff that, if you have it, makes money irrelevant.
Smart move! Prices have moved up measurable in the last two months. The ones I have noticed most are Cokes - went from 3.98 to 4.98... I should have more information, but that is the jest of it...(coke drinker)...
By standing at the end of the pipe that's spewing money, rather than sitting in your own little pool that's going to get sucked dry, like most of us suckers.
"And you may ask yourself, where's my moon?"
What does that mean?
How do you move into Canadian?
Be able to speak Frenchian and show that you can invest into their economy and create jobs?
Buy stocks of Canadian commodity producing companies. There are plenty of Canadian Royalty Trusts that pay a healthy dividend in Canadian dollars to your American brokerage account where they are exchanged for USD.
The drawback with the CanRoys is that Canadian tax law is changing in '11 that will take away much of the tax advantage so they will be converting to a corporate structure and will lower the divy. I've decided to stick with them though as of now because in any case they will still be reasonably good income producers and probably better show more growth as opposed to income.
There are also plenty of good Canadian mining companies if you want exposure to metals (uranium and nickel primarily).
Another company I recently bought is the Australian BHP Billiton. I lucked out and bought at the right time because they have shot up lately. The Chinese have been particularly interested in BHP for at least a couple of years.
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