Where do u invest if government destroys the dollar and thieves steal trillions?
What way can I invest my checking account in a more secure currency- I’ve already done the gold thing to the extent that I am willing to risk. Is there a foreign currency that I could immediately have access to for immediate needs without huge fees and scams, etc. My job is gone forever due to health, age 55, some savings but cannot risk in unhealthy business climate, merely want to avoid the impending inflation. Anyone else done this, is it possible to remain liquid without incurring huge fees?
Thank you for your responses but what your really saying is get the hell out of this country or ride out the devaluation of all savings. If this country only supported saving rather than short term profit we’d all be much better off, by the way.
When does hunting season open up on Republicans?LOL.
There are exchange traded funds that will let you accomplish this. However, I bet against the dollar a year ago, and don’t think I have a winning position.
I would not go with Versan and Waddell. She/ they don’t seem to understand inflation and a declining dollar.
[Versan, if we import a computer which costs 500 Euros and one dollar equals 1.31 euros, then it will cost us $657. If three years from now one dollar equals only 0.655 Euros a 500 Euro computer will now cost us $1314. That $10000 CD used to buy 15 computers. Even allowing for a generous rate of interest over three years, it will now only import 9 computers. ]
Press Conference: Final Rules to Support Meaningful Use of EHR (07/13/2010)