Interested in your take on:
http://www.youtube.com/watch?v=wZWJ-qxel3A&feature=related
Jim Rogers selling his dollars. He’s buying gold and Asian currencies and funds.
http://www.youtube.com/watch?v=gapZx0bJiRU&feature=related
Peter Schiff (Ron Paul’s economic guy) is dumping dollars too.
See this FR thread about your posted video: http://www.freerepublic.com/focus/f-news/2130877/posts?q=1&;page=1
I agree with dumping dollars, but buying Asian assets when they are the ones who we owe this money to seems irrational to me. Am I missing something here? When we default, won’t they hurt?
I really am not sure what currency is investment worthy. The whole world’s economy is in some way connected to us. We fail, the world has big issues. Barter system? Gold? I really have no idea. Not sure if the dollar fails and the Amero comes about that we will get in exchange for our now worthless dollars. Not an economist. Just a news watcher and don’t like what I’m seeing.