Mowog

Is the U.S. Dollar Finished?

I earn and save in yen but invest in US stocks and, increasingly, international bonds. For me, a weak dollar is a plus and I look forward to its continued slide. I'm thinking of buying a home in the US, since the government's CRA has made them so cheap, but that probably doesn't apply much to rural areas.

China and Japan (remember that country?) do own much US debt. While the current US regime might want to continue expanding government to control ever more of its people's lives (and those who depend on it to stay alive are very loyal voters), at some point its drive to suicide begins to undermine shaky foundations in Japan (massive debt, horrid demographics, and an 0bamesque regime rolled into power on the Change™ mantra already promising industry-suffocating CO2 mandates), China (dubious figures, bad demographics), South Korea (demographics, potential DPRK collapse), and the EU (debt and demographics).

The dollar might become the new yen, but I don't see a credible replacement among developed countries with too few children to sustain Ponzi social systems, massive debts, and (I'm guessing) little personal savings (Why bother? The government will take care of me!).

What Does the Recent Saudi Gold Rush Mean?

If the company is still in business, eGold.com housed its gold in the UAE.