With three, you get eggroll. The public debt is rising in a rising interest rate environment, so it compounds. Likewise, current account deficit, though it is unclear whether the choking of the US consumer will benefit us, or lower-cost producers offshore. The greenback goes down, sans dout, coup de boule, Zidane!
But you don't have to store your money in US dollars, and you can buy the commodities that increase in price, or the currencies in which they are produced. everbank.com has a free daily newsletter about this. Even in US equities, you can buy multi-nationals, that will benefit from a falling dollar, because of their ex-US sales.
And, also, you could become a Libertarian. Listen to Ron Paul. In the next recession, there may be enough momentum to defeat all the whores in Congress. The trend has been building -- Ross Perot got 18% of the popular vote, and Ralph Nader grabbed a bag-full. A credible candidate might actually win! |
