You worry American dollar value?

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ricdes said:
the value of the monies is expected to go down after summer. Right now $1 USD = 1.16 CHF. It'll peak this summer at 1.21 and then go down to about 1.05-1.1.
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as soon as the dollar reaches 1.2 swiss francs i'll change a lot of my dollars into CHF.
or maybe i'll exchange it into euros, since all my savings are already in swiss francs... will have to think about.

riddarhusetgal said:
Isn't the Swiss Franc non-Fiat?
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unfortunately the swiss franc is fiat money as well.
 
I wouldn't worry the government of Americans is very bad and they very bad bros.

good luck bros.


Seriously though, the USD will dip a bit in response to the excessive spending. Then it will recover as production recovers. You might lose some value, but you'd be taking even more risk by trying to play forex.

Edit: also gold is overvalued right now.
 
guerilla said:
I'm not posting this as alarmism, but the mainstream media will not cover this stuff, and people on the internet have the opportunity to be better informed than the average joe.

The Raw Story | China has 'canceled US credit card': lawmaker
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You alarmist. ;)

Just read today that Warren Buffet (shill) has finally come clean with the public about the effect of the administration's reckless spending...

Warren Buffett warns inflation is on the horizon - May. 2, 2009

As you said, the popular media tends not to cover this stuff. They're too busy with the swine flu, perhaps. Frankly, even if they did cover inflation and purchasing power, I have a feeling most folks would respond with, "Huh? What's inflation mean?"

Bummer.
 
TM, if you didn't see this

LewRockwell.com Blog: Two Questions for Warren Buffett

[FONT=Arial, Helvetica, sans-serif]In this latest news story, Warren Buffett says:[/FONT]
[FONT=Arial, Helvetica, sans-serif]...the U.S. government is generally taking the right actions to help the economy recover, and it should be given some benefit of the doubt because officials have been reacting in the middle of a crisis. [/FONT][FONT=Arial, Helvetica, sans-serif]"Overall, I commend the actions that were taken," Buffett said."[/FONT]
​
[FONT=Arial, Helvetica, sans-serif]My two questions for Warren Buffett are: [/FONT]

[FONT=Arial, Helvetica, sans-serif](1) In your lifetime, how many companies have you invested in when they were on the verge of bankruptcy, i.e., have little or no value? (We all know the answer to this one: None. Buffett is the world's foremost value investor.) [/FONT]

[FONT=Arial, Helvetica, sans-serif](2) If you consider this a poor investment strategy for your own portfolio, why is it to be commended when the United States Gunvernment does it?[/FONT]
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:)
 
guerilla said:
TM, if you didn't see this

LewRockwell.com Blog: Two Questions for Warren Buffett

:)
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That's a good one. Buffet used to be an icon to me (my degree is in investments and securities). Now, he's completely lost credibility.

He's still a brilliant investor. But, *anything* he says publicly is now suspect.

On a side note, for those still looking for a stock, Smith & Wesson may still have some upside. ;)
 
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