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Strategies & Market Trends : The coming US dollar crisis
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To: Real Man who wrote (5358)3/22/2008 9:36:24 AM
From: carranza2  Read Replies (2) of 71462
 
The process is positive, but painful.

Not to mention lengthy.

It has taken more than a quarter century from Tricky renouncing Bretton Woods in 1971 to get the dollar to where it is now.

It is a lot easier to screw up than to do things right.

I have no idea how old you are, but as I am in my mid-50s, my long range binoculars tell me that it is unlikely that the pot of gold you see at the end of this dismal rainbow will be reached by anyone in my lifetime.

Not to mention that history shows us that empires rarely come back after getting on the slippery slope.

So, what to do.

With the dollar inflating and depreciating as it has and likely will, the US stock markets are a cruel joke. In order to stay ahead, one has to beat the dollar's rate of decline against the strongest currency, then beat inflation, then make a profit. In other words, get an effective and consistent rate of return circa 12-15% just to stay put. That's hard as hell to do for 90% of the populace.

The vast majority of America's citizens is destined to a substantial decrease in living standards over the next few decades. And since consumers drive GDP.....well, I don't need to paint a picture.

The easiest game to play if we wish to avoid this trap are strong currencies, IMO. And gold.

Forget the stock markets. A fool's game for most Americans.
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