Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 10-31-2009, 03:11 AM   #61
Dryer sheet aficionado
Join Date: Oct 2005
Posts: 34
Thanks for all the replies!

As for the dollar, March to September 2009, the dollar's value fell 14.9% against the euro. The U.S. debt is rising to over $12 trillion. Remember, one of the ways a country gets out from under its debt burden is to devalue. (Note how Washington is quiet on the devaluation of the dollar.) But I don't think it will work now. We need that capital.

Many foreign central banks are rethinking the dollarís status as the worldís premier reserve currency.

Historically speaking, the dollar is down 81% over the past 38 years and down 58% from 2001-2008.

I think foreign currency (and I'm thinking New Zealand, Australia, maybe Canada, and possibly a couple other countries) is a less risky place to hold money than the US Dollar.

Also, although TIPS does not reflect actual inflation numbers, I'm thinking 5 - 10% there.

Indpendentlypoor, thanks for a great post on politics. I have no interest in arguing politics here but I cannot ignore the impact Washington has on my money.

Repairmanjack is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bikers... why CHiPs style? tuixiu Other topics 3 07-20-2009 10:13 AM
VAT is on the table DblDoc FIRE and Money 67 06-07-2009 12:17 PM
When the chips are down REWahoo Other topics 2 06-04-2008 01:49 PM
chips and donuts marty Health and Early Retirement 25 04-05-2007 03:24 PM


All times are GMT -6. The time now is 12:25 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.