Thread: WARNING.... U.S. Dollar Exchange Article of Interest

Originally Posted by pranith

Thanks Mike for your advice. But, I think we need to invest money in Gold market and even in real estate market. So, that we can make good monet.

Agreed,

I have stock in several gold, silver, platinum, paladium, copper, zinc mines, so I agree, these commodities are poised to explode. As to real estate, in most areas of U.S. it is turning south in a hurry, so wait for the bottom, now is not a good time to sink money into real estate, wait for the hundreds of thousands of foreclosures to hit market along with builder blowouts. I watch the market closely, and I agree, real estate is always a good long term play, but now is not the time, wait a year.

Good luck to all, Mike

The realestate is good investmentfor the long run But the sub prime effect would hurt some people out ther and also an opportunity for others.Remember Robert Kiosaki said the will come a time you can buy properties below current price..Maybe in bundle.In time like this.Someone is winning here.

Originally Posted by bozo

The realestate is good investmentfor the long run But the sub prime effect would hurt some people out ther and also an opportunity for others.Remember Robert Kiosaki said the will come a time you can buy properties below current price..Maybe in bundle.In time like this.Someone is winning here.

Agreed,

Over decades, real estate has done well for most in most areas, but at this point in time, all real estate is hyper inflated and in these cycles, a correction is always evident, as we are seeing now in U.S. markets, as well as had happened in China.

As I had been saying for past couple years, don't purchase real estate, and I hope most took this advice. Even though we have not see a hoped for revalue or restoration of dinar yet, everyone is better off holding dinar than they would have been holding U.S. dollars.

With impending subprime explosion now being more clearly seen as all the major banks have lost billions in the last couple quarters, I hope everyone stays out of real estate for another 12 to 18 months as all this bank created losses clears their books. We have only seen the tip of the iceberg to date, the worst is yet to come, so hang onto your dinar, our day will come.

Good luck to all, Mike

Interesting markets,

As predicted, the dollar is in worse shape than even I expected, lowest levels in history, and the worst is yet to come. We saw the bail out of Bear Stearns already, and Country Wide Mortgage, the largest in the country which was to be absorbed by BoA, when this deal does not happen once true facts are disclosed, this will cause a further implosion of dollar as values of real estate will collapse even worse than it already has in many areas such as FL, NV and CA.

Simply put, don't believe the gov. BS on economy, heck, Bush is still in denial over being in recession, and this is truly amazing, and scary at the same time. With the recent correction in Gold and Silver, now is the time to put what you can into these metals for we are about to see the run of a lifetime as everyone sees the dollar implode completely. Besides dinar, all my assets are in metals, and don't ignore copper, it too is at an all time high which sets the tone for Gold and Silver since they are usually mined together.

Sure has been an amazing year so far, total instability like never before seen, crazy stock market bouncing up and down as most are totally baffled by markets. Look for oil to continue to rise, expecially now that Putin is in new PM position, still in total power of Russia, and slowly but surely on his way to being dictator and crushing world economics when he pulls plug on oil, gas and metals in effort to crush U.S. once and for all, economically speaking. Dump your dollars folks, the worst is to come by years end.

Good luck to all, Mike

good therd thanks

Update:

Just when you think it won't get worse, it does. I have been warning people for years to avoid U.S. dollars, and now we see why, the U.S. economy is in shambles, and as mentioned earlier, it looks like Country Wide is under investigation for fraud and IL has sued them, so this is going to open up a whole new investigation into all mortgage lenders. Most of the big banks are bailing out of mortgage industry, and this simply amplifies problems in housing, so we are far from seeing the end of this recession, and it could go to depression when more of the major banks go belly up.

Stock up on gold, dump those dollars, don't count on FDIC to save your savings in banks, they cannot even cover 1% on deposit in U.S. banks, so don't be fooled into thinking your savings are safe, even if it is in one of the big three banks. With announcements of further losses, Bear Stearns will not be the only major bank to fail, so beware, hold onto those dinars, this is your best hedge against a further decline in dollars value.

Good luck to all, Mike

This is unbelievable,but it is true,gold,silver,copper,diamond and real estate,what about investing in forex-mike.what about opening a bank account in a off-shore bank(canada),this worried me.i have three kids and a granddaughter,and i'm really worried,do you have anymore suggestions.my e-mail is :[email protected] in case i miss some more info,i dont come to this site often,but i like it.thanks rob

Originally Posted by Offshore-Wealth.com

Update:

Just when you think it won't get worse, it does. I have been warning people for years to avoid U.S. dollars, and now we see why, the U.S. economy is in shambles, and as mentioned earlier, it looks like Country Wide is under investigation for fraud and IL has sued them, so this is going to open up a whole new investigation into all mortgage lenders. Most of the big banks are bailing out of mortgage industry, and this simply amplifies problems in housing, so we are far from seeing the end of this recession, and it could go to depression when more of the major banks go belly up.

Stock up on gold, dump those dollars, don't count on FDIC to save your savings in banks, they cannot even cover 1% on deposit in U.S. banks, so don't be fooled into thinking your savings are safe, even if it is in one of the big three banks. With announcements of further losses, Bear Stearns will not be the only major bank to fail, so beware, hold onto those dinars, this is your best hedge against a further decline in dollars value.

Good luck to all, Mike

Originally Posted by litegreen

This is unbelievable,but it is true,gold,silver,copper,diamond and real estate,what about investing in forex-mike.what about opening a bank account in a off-shore bank(canada),this worried me.i have three kids and a granddaughter,and i'm really worried,do you have anymore suggestions.my e-mail is : in case i miss some more info,i dont come to this site often,but i like it.thanks rob

Hi Rob,

Yes, I started to transfer dollars to offshore bank accounts or currency a couple years ago, so in addition to dinar, I have my stock account in CAN which has done well since the CAN dollar is now at or around the same value as U.S. dollar, and when I started shifting it was 30% less, was at that level for years, and the CAN dollar is not at the same risk level as U.S. dollar is as they do have oil.

As to real estate, stay away from it in U.S. markets as we have yet to see the full impact of subprime mortgage mess, and this will drive down values even more than economy is. We saw an unusual uptrend for about 15 years, and these real estate cycles are usually no longer than 10 year cycle, so we will see devalued real estate continue for another year or more which is correction, plus recession based, I expect to see another 20% decline in value in many areas which will increase forclosure rate, and with it more bank failures and huge losses on their books, which just compounds total economic implosion. Just like a wild fire eats a forest, the banking fiasco consumes our wealth little by little, so you have to be prepared.

As to FOREX, yes, there is money to be made if you play the volatile moves of U.S. dollar, but you can also get burned as the markets are jumping nervously with gold back on the rise after retreating for a couple months. As oil is also unstable, now over $142.00, this impacts more than just the plunging dollar. With Israel constantly threatening in public to bomb Iran, much of the higher oil prices is being created by the fear factor, so talk about a messed up economy, this is it, and it is spreading well outside U.S. Chinese stock market is plunging, VietNam market is crashing, and many others, so hang onto those dinar.

Good luck to all, Mike

Thanks Mike.