08
Dollar To Euro
Filed Under (Economics, Inflation, Money Making) by ravi on 08-01-2009
Looking at the dollar right now it seems that it might be in good shape on the surface. A couple minutes ago I got a couple quotes for the dollar and it seems to be appreciating against many of the major currencies, at the same time it looks like it’s ready to fall any day now. I’ve been thinking of moving back into Forex so that I can a) start making money through currency trades and b) be able to switch into the euro or yen at a moments notice. I’m a bit skeptical that the dollar will fall but no one predicted the USSR would fall in one day.
I’ve been thinking about the euro because it seems that the Europeans are quite self sufficient, they product all their own food, get their gas from Russia and sell a good amount of products and services. Of course all the European countries have borrowed more per capita as opposed to the United States and all the European countries have decided to cut rates as well but a bunch of countries use the Euro. It seems like an OK choice but I might have to find some other super currency to retain most of my value.