As the Dollar Continues to Collapse, Where Will You Put Your Money? »
Posted By populist 5 months, 2 weeks ago in Political News
The dollar index is merely a gauge of the dollar against a handful of the rest of the world's major currencies - leading to a general misperception that I call "currency relativity." Unfortunately, the fact is that every other central bank on earth is employing the same quantitative easing principles as the U.S., and so their currencies are equally doomed. If you short the dollar index, you are merely taking a position that the dollar is going to be weak relative to other major currencies, and that probably isn't going to be the case; they're all trapped in the same burning house.
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populist
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Dave595 months, 2 weeks ago
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As long as we continue "shorting" we are betting against any recovery of any stock. I never short trade and while I don't make a fortune I have found that emerging markets and ETF funds that favor them are a very good way to make money in a flattish market while also working the fact that the dollar is down. This also avoids the tax on directly owning foreign stocks.
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truthiness5 months, 2 weeks ago
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I am predicting, specifically, that the dollar is going to weaken to the point of collapse - along with many other global currencies - and that it's going to happen sometime in the next two years (probably sooner). Try to bear in mind that the U.S. has committed itself to almost $13 trillion -- just to battle this financial crisis alone -- and that figure is 50% more than the government has spent on every single project, war, or undertaking since the country's inception, in real dollars -- combined.
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that's quite a statement by Mr. Ahlgren. He is certainly no the first to predict the collapse of the dollar from all this printing, but he is the first I have heard give a specific date. here's hoping he's wrong... -
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Joer4x45 months, 1 week ago
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The government created the housing bubble and now we have the bailout bubble which will also break. And it will because of massive debt and cheap money rolling off the presses. We will see massive unemployment that will be the trigger.
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The union elite and Wall Street own the government. They are the top political donors.
I predict a depression based on history and it is repeating itself.
You and I will lose everything because our government turned their back on us in favor of special interest and liberal policies.
The writing on the wall has become clearer year after year.
The only question is - where is the war going to be - on own streets or another WW?
PS - I know what your thinking, but remember my post when it happens. This is not going to turn around because it's guaranteed that our politicians will not do the right thing.-
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rumple4skin5 months, 1 week ago
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You know 4x4 - Much of what you say is, in my opinion true.
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You loose my support when you include your negative bias for both the 'union elite' and a government subscribing to 'liberal policies'.
If you benefit from paid holidays, 'vacation time, health care, a safe work environment, not having to work in a child-labor sweatshop ... you are a beneficary of the results of union activities.
Try to explain what 'liberal policies' are causing the dollar to fail. I believe the Feferal Reserve is directly responsible for the economic chaos we all are suffering. Inflation is built in to the system the Fed has created and each year your cash is worth less - not because you are earning less - more worthless certificates are shoved into the economy whether you want them or not.
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