The Falling American Dollar
There is plenty of talk at the moment about the US dollar’s decline.
There is now talk of many countries abandoning the greenback. Others are dumping large amounts and the rest are at least asking to be paid in Euros or Yen.
For some, like the guys at my work its time to hit amazon.com and buy up or make that trip to Disneyland as the Aussie dollar nearly equalises, but others know that there is financial shake up occuring that could upset markets world wide.
Interesting times ahead. Especially when people like Paul Nojin from Invest4Profit.com.au make predictions like the Australian Dollar is heading to $1.14 US. I personally can’t see him being far wrong. I guess time will tell.
Short the US $ or Long the Rest.