Half the thread’s original post was reasonable doomsday scenario, which we should prepare for. The other half of the post was paranoid delusions.
When posting you should really censor out the alarmist fantasy garbage, then people will have more respect for the remaining, more rational content of your post.
I’m amused how you think use of the dollar as the world’s reserve currency will “cease around the end of the 2nd quarter of 2009” – AS IF on cue the millions of existing dollar holders (including countless nations’ foreign reserves) will all dump their dollars in the 2nd quarter of ’09.
Pure nonsense.
It will take years, probably even a decade for the dollar to be fully unseated as the de-facto reserve currency, but you are CORRECT that it will happen eventually. It certainly started this week.
About 75% of my portfolio is now straight GOLD. I cannot believe how much my portfolio has gone up in 48 hours on the back of gold price increases. WOW! Yes, I know it breaks all rules of conservative financial portfolio management to have 3/4 of my money in gold, but hey I understand the risks and accept those risks.
