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Originally Posted by J. Abizeid  I believe the dollar will eventually collapse based on many facts that I have researched extensively.
Meanwhile, many believe the DOW will collapse first which gives the dollar an initial shot in the arm before it kicks the bucket.
There is plenty of bad news in the US economy for this week to make the DOW hit a new record low. So I won’t be surprised if the dollar takes advantage of it, which defeats the laws of economics except in America but, there is one saying: You can’t fool everyone all the time.
The dollar’s disease is the US deficit that is growing at a rate of $2 billions a day mostly in interest not to mention the $825 billions Obama’s stimulus package to be borrowed or printed in the near future.
For long term investment I say, sell your dollars now! |
I believe the Dow will go lower. The recession is here to stay, there will be no miracles, the Obama factor is now all but gone so everyone is who has not realized so far will soon be convinced that we are in this mess for at least 2 years and that it is not a question of a few months. Having said that Europe also is in a huge mess, especially the UK.
As to Euro vs. USD, the way I look at it is that you have two choices between bad or worse. The question is which one of the two is bad and which one is worse. Once you make the choice, you will be faced with another huge dilemma, where do I park the money given the situation of the banks?