Theres a lot of smart people out there.
One of them is Peter Shiff who has written a great book Crashproof USA.
One of the things Peter says is interesting, he believes the US dollar is going to fall to the value of confetti.
Why?
Only 2 things hold up the global economy.
One is consumer confidence, and that went away along with a few trillion dollars some time ago.
The other is the US Federal Reserve who has a logical way of just printing a few billion a day then just giving it away.
Where is this going? Perhaps Peter is right and sooner than later this new way of thinking has to crash with the fall of the Dollar
to the value of a Zimbabwe dollar. Lets hope hes wrong, but there is much to be learnt from his book.
I have advised all of my clients to move some funds out of Dollars or convert some dollars into property offshore in the event Peter is right
and only that small percentage will survive if he is.