I've just switched to Euro

[goadam1]

Re: I've just switched to Euro

I was defending the position, not questioning it. I get it. If someone wants back in the casino, there is plenty of hot money chasing stuff. You are looking for something solid to put money on that isn't a trade. I hope you figure it out for us.

I will put my head on my pillow dreaming about "the evolution of money m.a.d..

[touchring]

Re: I've just switched to Euro

I'm not in agreement about the USD. I think as bad as it is, other currencies are worse.

I presume we are not comparing with the Z currency? Which other reserve currency is worst?

The dollar is not going to become worthless, it's just losing out its attractiveness as a reserve currency.

The situation in Europe is still worse than in the US in many ways for instance.

Europe can be better off than today if they printed more money.

I think the USD will not fall much further at the moment against other currencies. But gold and commodities will start rising against the USD and all other currencies.

So the aircraft carriers and guns will hammer Europe? ;)

[jk]

Re: I've just switched to Euro

then why are you recommending 70% in short duration dollar assets?

my point was not especially to question the wisdom of the dollar allocation, but to say that the future of the dollar is not as clear and simple as a certain and straight drop from today's 79 handle down to 60 or so.

i've started vaguely calculating how much oil i plan to burn, and how much food to eat over the rest of my life. that might provide a guide to a minimal allocation to some commodity etfs, i guess.

[jpatter666]

Re: I've just switched to Euro

I'm not in agreement about the USD. I think as bad as it is, other currencies are worse.

The situation in Europe is still worse than in the US in many ways for instance.

The USD is defended by aircraft carriers and satellites and guns...

I think the USD will not fall much further at the moment against other currencies. But gold and commodities will start rising against the USD and all other currencies.

The US, despite many, many flaws still has many advantages in education, technology and position. Many of the flaws are the flaws of leadership. That can be corrected given time.

Certainly the US is defended by carriers, etc, it's an old joke that the US dollar is now backed by F-16. More importantly, the US is defended by oceans. There are *no* substantial land threats, water/air threats have to travel substantial distances. I can think of no other country with such a definite advantage.

And I think the last comment is the correct one. In this race to the bottom, the dollar may still stay on or near the top whilest *everyone* loses against gold and/or oil. And if oil, the Arab states have serious issues with energy hungry India and China looking at them and *not too far away*.

[Guest]

Re: I've just switched to Euro

India would never invade anybody's ass for their natural resources, would it? I mean, this is the land of Ghandi!

[touchring]

Re: I've just switched to Euro

India would never invade anybody's ass for their natural resources, would it? I mean, this is the land of Ghandi!

Historically it has always been the 'Westerners' (the Persians, Europeans, and the Arabs) that invade india, isn't it?