Plummeting Dollar. What now ?

  I'm one of those psychotic conspiracy nuts who believes that the
dollar is being tanked on purpose, and is going to keep falling to who
knows where, to benefit the agenda of the infamous "special interests"
of the world.

OK, whatever the motive, if any, for the dollar's weakness, what can a
frugal person do to cope with, and/or benefit from the falling
dollar???

Maybe buy Euros?  How can an individual buy Euros?? Huge
commissions ???

  Noveau67@aol.com wrote:


More fool you. Have fun explaining who would benefit from doing that.


Have your money in some other currency that you expect will do much better.


Yep, thats one obvious possibility.


Plenty of obvious ways, really depends on how much money is actually involved.

With smaller amounts its best to buy them as if you were going to europe in
person.

With larger amounts its more convenient to get a euro currency
account with a bank that you believe wont implode any time soon.

Or just buy physical gold and keep it in a bank safety deposit box insured etc.


The commissions are nothing like what you would otherwise lose as the USD sags.

 Noveau67@aol.com wrote:

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR2008031303620.html

There are a lot of reasons for the dollars weakness, it has little going
for it other than the desire of other nations to prop it up.


  what can a

You may be a little late for gold, but it is still going up. I think
it's basically illegal to hold foreign currency in large amounts
although you can trade in FOREX. You may wish to look at investing in
other markets. I think the wisest thing is to do nothing rather than
stumble into something really bad. There's a lot of potential for big
losses. Even AAA paper is shaky. I'd trust most government bonds and
corporate paper though, anything not tied to mortgages. Or transportation.

  Probably the best you can do is pay down your debt, if you have any.
Or invest in energy efficiency. (More efficient lighting, AC, heating,
car...) The worst things get, the better the return. I'd give the Stock
Market 6 months to a year to bottom, if you want to invest.

   Jeff

 
being tanked on purpose, and is going to

"special interests" of the world.


http://www.washingtonpost.com/wp-dyn/content/article/2008/03/13/AR2008031303620.html


That last doesnt happen.


dollar???


What matters is that the USD will continue to sag while ever trillions
are poured down that rat hole that Iraq has become for money.


You're welcome to have a foreign currency account.


is to do nothing rather than stumble into

More fool you.


Nope, not with Euros or gold.


Trouble is that the easiest ones of those to get are in USDs.


Nope, not with interest rates dropping again.


Wont do as well as gold or euros and MUCH more risky than both.


months to a year to bottom, if you want to

We'll see.

 

Your debt is cheaper, so since the dollar value is falling, your dollar
works harder on debt servicing and exporting.

Since American firms make more money on exports during weaker dollar
periods, why not et into some DRIPS with Coca-Cola or IBM or Nucor Steel?