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It's basic economics
Record US trade deficit + record trillion dollar US national debts = cheap US dollars! It's dropping because foreign investors are pulling out their investment their out of US. The dollar is dropping also because the FED keeps printing worthless greenback to finance Bush's war and other government spending. Just check out the M3 money supply they have pumped into the system this year, you will know what I mean. Or, if you don't have a clue what I am talking about, you need more education!
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2 I# f. Y. c' A$ {If you are holding US dollars, you are betting against some most savvy investors like Warren Buffet, Jim Rogers, George Soros, etc. ) P0 C4 f1 d2 E6 L" e& x
% ~6 }. J4 m# Q( gSince US government abandoned its policy to pegged its currency to the gold (Euro on the other hand has its 1/3 value backed up by gold), the US dollar can in theory drop to zero! This of course will never happen. Otherwise we are going to have World War III. / M" Q- i$ p9 \: U. a) K$ D0 p
7 M w1 @2 {+ w! ~ P+ G3 G( MEver wonder why the oil price is so high? The real price of crude oil hasn't really gone up that much. Oil looks expensive because US dollars is getting cheaper and cheaper!% L- c S% K7 z* l, I
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To hedge your $US dollar, you should buy gold! Buy Canadian maple gold coins (99.99% purity) or gold bars. Get it now before US dollar goes down to toilet. |
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狗仔卡
发表于 2004-7-6 17:32
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楼主
发表于 2004-7-7 19:03