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Obama $3.8 trillion budget for fiscal year 2011

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pawel
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Posts: 42


« on: February 02, 2010, 02:35:53 pm »

$1.3 trillion deficit - everyone get rid of US dollar, this boat is sinking. Prepare for plunging dollar, hyperinflation, high interest rates .. and consequently even deeper recession. Believe it or not, this is the end of the USA as the superpower!
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« on: February 02, 2010, 02:35:53 pm »

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porsche
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Posts: 203


« Reply #1 on: February 02, 2010, 09:29:41 pm »

Ya, but tell me what an average Joe can do, you smarty. Go to currency exchange and buy Euros?? What can I do about this damn government? Move out of the country?
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steven
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Posts: 223


« Reply #2 on: February 03, 2010, 04:49:32 pm »

Here is an idea - you can invest in mutual funds that are allocated in foreign country. Take a look at Fidelity FECAX or Vanguard VEURX. If the dollar goes down, the value of the portfolio goes up because it is invested in EUR markets.
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