[quote=jpinpb][quote=gandalf]If the rest of the world wasn’t failing too, denominating in a foreign currency would be the straightforward answer. I don’t know, perhaps Canadian? Lots of us asking same questions.[/quote]
Canadian, huh? What if their currency becomes part of ours as the talked about Amero? Then we’d be better off buying Pesos. Even the name sounds too much like peasant.
I feel utterly helpless and frustrated. Normally being informed helps guide decision-making. But nowadays I feel more lost.[/quote]
JP, No bets are solid, so diversification is still wise. But the yen is not a bad option in a potential inflation storm. Japan suffered through 15+ years of sluggish growth and criticism from everyone. Why? Because their economists and leaders were stupid? No, as a nation of savers, they were adamantly opposed to inflation. As Rich points out in his posts, that contrasts with the US, which is a nation of borrowers. (Broad brush averages here.) If their currency holds on to its domestic purchasing power, it has a better chance of holding on to its international purchasing power over the long haul (=decades).
