Comments on Saving to Inve$t: The Beginning of the End for the Mighty US Dollar

America will need a new currency before Geithner a...

2009-03-26T22:46:00.000-04:00

America will need a new currency before Geithner and the politicians are finished expanding the debt and destroying the dollar but the solution is a gold backed currency free of government manipulation. The Campaign to Cancel the Washington National Debt by 12/21/2012 through constitutional amendment begins. See our facebook page at http://www.facebook.com/group.php?gid=67594690498&ref=ts

We are also planning to have a booth at FreedomFest 2009, the world's largest gathering of free minds! July 9–11 www.freedomfest.com in Las Vegas. Ron

The US did a pretty good job in exporting our tras...

2009-03-25T17:08:00.000-04:00

The US did a pretty good job in exporting our trash all over the world, so amazingly, even though the toxic mortgage mess evolved here, the US market outperformed every other major market in 2008 and the currency has rallied. Why? Because the rest of the world is even more screwed than we are. It's all about relative currency strength, and relative to everyone else in the world, the US is actually looking pretty good. It's hard to believe, but that's what the FOREX is telling us - one of the most efficient markets in the world.

As far as ways to play this, gold hasn't risen nearly as much as I'd have thought given the impending inflation. With China talking about potentially unloading treasuries, there are several easy ways to short treasuries of various maturities in ETFs and Funds; I posted about this a few weeks back. It's a play that's outperformed equities this year and can be done in a leveraged fashion.

Hear, hear! Nicely thoroughly written post, Andy....

2009-03-25T13:12:00.000-04:00

Hear, hear! Nicely thoroughly written post, Andy....

Good question by Shawn above... what would make it successful? Probably something relating to (1) Oil (Iran, maybe?), (2) China changing its currency reserve holdings - or some of them; It's clear that China wants to start holding something other than US dollars, and China's quite smart about it - they'll want to get some currency in the resource-rich countries like Canada and Australia. I totally don't blame China, it makes good business sense to not hold all your reserve currency in one currency basket.

The game-changer is going to be this meeting of the G20 on April 2 in London. Watch out for that.

Other than the current global recession and the fa...

2009-03-25T12:53:00.000-04:00

Other than the current global recession and the fact that China instead of primarily European countries are the ones applying the political pressure for a global currency standard, what would make this attempt to remove the dollar as the standard successful?

Now your getting the picture. Buy some gold while ...

2009-03-25T12:24:00.000-04:00

Now your getting the picture. Buy some gold while it's cheap.

The US Peso - the new standard. Not if, but when.

2009-03-25T09:55:00.000-04:00

The US Peso - the new standard. Not if, but when.