Sunday, October 25, 2009

The Coming Collapse of the Dollar, Part 1

While I am by no means an economist, I do have enough common sense to know that the reckless spending and monetary policies being pursued will diminish the value to the US Dollar in short measure.

Prepare yourselves now by spreading your assets in other currencies like the Euro, and precious metals like gold and silver. If you are in cash, US interest rates may skyrocket so that's the silver lining for savers but who knows how much those savings gains will be worth relative to the lost dollar value.

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