Why the Dollar's Reign Is Near an End

[Lumi]

Why the Dollar's Reign Is Near an End

For decades the dollar has served as the world's main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here's why?and what it will mean for international markets and companies.

 

[ssd]

Lumi:
link did not work.

I personally agree and it will dramatically affect what happens economically in the US - for one thing, interest rates will be much different.

 

[Lumi]

Lumi:
link did not work.

I personally agree and it will dramatically affect what happens economically in the US - for one thing, interest rates will be much different.

ssd, copy and paste the title of the thread into www.startpage.com . The story will be the first result on the search :toast:

 

[ssd]

Thx, lumi. Will do.

I am NOT a financial planner. However, I think you can all help yourselves.
Pay down debt.
If you can, acquire some 'junk' silver coins.

 

[Lumi]

Thx, lumi. Will do.

I am NOT a financial planner. However, I think you can all help yourselves.
Pay down debt.
If you can, acquire some 'junk' silver coins.

I have acquired quite a bit of "junk" silver coins and bars as well. Larger denominations are difficult to use as barter and trade. My gold pieces are no larger than 1/2 ounce.

 

[ssd]

Exactly, lumi. I think of it as 'crazy' insurance - if the world does go crazy and the dollar becomes worthless, silver coins can be used as a currency. Bars and gold coins - hard to make 'change' for those.

Aside from that, silver has been very good in regular appreciation - now over $36 / ounce. I think it still has upside - if the world does not melt down, you have diversified some assets and potentially will have gains there.

London friend of mine told me this:
Water and ammo.
I hope that is not the extreme we see but with the events in Wisconsin playing out as they are - what is going to happen when the FEDS have to tackle the entitlements like Social Security, Medicare and Welfare?

Bottom line - there is NOT enough money for all of the promises that have been made by BOTH parties, heck - parties? BY WORLD_WIDE GOVERNMENTS.