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Weak dollar leaves Americans poorer
jasonkelly
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1
5-22-2009 9:55 PM
121 views
tags:
economy
,
dollar
,
investing
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/be7cfa5c-7514-4107-90a2-8d79517060df/11C38F3C-CB27-449F-8DCE-8E0687438CB4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do" href="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do" style="font-size: 11px;">seekingalpha.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do">Two years ago, when I spoke to a friend of mine whose family owns a large construction business in Dubai, when I asked him if his family business accepts US dollars for payment, his response was laughter.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do">Bear market rallies that are created by imminent monetary inflation will leave investors poorer in terms of real wealth. Thus, investing in traditional stock markets is not a suitable wealth creation strategy right now.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do">I noticed that the US dollar’s purchasing power was still declining strongly and barely more worthy than monopoly money.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seekingalpha.com/article/139014-dollar-chart-tells-a-much-different-story-than-pundits-do">In fact, now that I spend more time in Asia than in the United States, my only saving grace is that I started converting dollars into gold years ago and have since converted <A href="http://www.smartknowledgeu.com/goldstandard.php">my business model into a gold standard</A>, which I believe many other businesses worldwide will emulate in future years as this crisis deepens.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/11C38F3C-CB27-449F-8DCE-8E0687438CB4/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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