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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Bill/WA who wrote (49366)1/10/2006 5:13:15 PM
From: Tommaso  Read Replies (4) of 110194
 
Actually I have been spending (in large part on taxes) or giving away the income from my Canadian investments so I have not tried to set up an account in loonies. I have certainly been telling anyone who would listen for the last several years that Canada was going to have a stronger currency than the U. S.

But since all currencies now are fiat and subject to debasement and inflation, I try to reinvest what I can in commodity-linked stocks and funds.

I don't know when the U.S. dollar is really going to fall off the cliff, but it looks to me that our government's international credit cards with China and Japan are about maxed out. There seem to be millions of ignorant citizens who think that these countries are borrowing from us, and even congressmen have spoken of our generosity in "allowing them to buy our bonds." I feel as if I am part of a family, many members of which are utter fools who are spending down our capital as fast as they can.
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