Creating at least a trillion US dollars out of the air -- which the fed bailouts have accomplished to date -- can only mean that the US dollar will begin (perhaps it started already) a long and significant downward trend versus other major world fiat currencies. To be diversified in the ten US based international companies listed in this article is, I agree, a good way to have international exposure with a degree of transperancy not typical in the BRIC countries. Buy them, sit back, and smell the roses for the remainng years of our lives, with a semi-annual readjustment of one's portfolio based on two factors: market cap and percentage of revenues generated internationally (more difficult to ascertain).
International Overdiversification [View article]