The dollar dropping against other major currencies has been discussed in this forum many times. PS did a thread on other major players (China, Japan, UAE) diversifying out of their dollar reserves. China alone had almost a trillion in dollar reserves. They have been saying this for years and now have actually begun to move. In the last month or two the dollar against the Euro has dropped from .78 to .75 and will probably continue dropping.

Along with the diversification out of dollars, we have the FED printing money at the rate of 1.1 trillion per year. The dollar is headed down. How fast is hard to gauge because the FED stopped reporting M3 money supply, the piece that includes all the new dollars to pay US consumer debt. The dollar was a strong currency but now . . .

I am all in Euro bonds – German government and the Netherlands. To date 3% return in that last month because of dollar decline.