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Message
re: SHORT THE DOLLAR
Posted on 1/30/13 at 8:21 pm to jimbeam
Posted on 1/30/13 at 8:21 pm to jimbeam
Hey douche bag Flask- I was asking a legitimate question. I specifically pointed out that I was aware of the Yen's move. I will also state that I would anticipate the trend to continue.
I simply wanted to get additional insight on the dollars moves. Obviously there are headwinds in the US political system, I am curious to know the impact.
Look I am still not a fan of the dollar. The printing of money will eventually catch up to the US. Maybe not tomorrow but in the future it simply isn't sustainable.
I simply wanted to get additional insight on the dollars moves. Obviously there are headwinds in the US political system, I am curious to know the impact.
Look I am still not a fan of the dollar. The printing of money will eventually catch up to the US. Maybe not tomorrow but in the future it simply isn't sustainable.
This post was edited on 1/30/13 at 8:27 pm
1
Posted on 1/30/13 at 10:12 pm to CaptainJ47
quote:
Look I am still not a fan of the dollar.
Everyone is entitled to an opinion. Personally I think the dollar is no worse than any other currency (well, maybe the Swiss Franc) but if you have the courage of your convictions quit posting about it and place your bet.
Borrow as much as you can right now at a long term fixed interest rate. Then turn around and use the money to buy stuff that isn't tied to the dollar. There are lots of choices - real estate, canned goods, bullets, precious metals (sorta), sheet metal, whatever. Just don't hoard currency or fixed rate bonds and you're more or less okay.
Of course, you may be SOL if it turns out you're wrong and you have to pay some bills in the meantime before the SHTF. Transaction costs do matter.
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