I’ve been watching this on behalf of a long time now, but sufficient is enough. The dollar has fallen to record lows against the Euro as well as is falling relative to an estimated all currencies not pegged to the US dollar. Here’s a quick view of the freefall.
The Federal Reserve keeps flooding the market with more dollars as well as this is wiping out the savings of hard-working people. I’m tired of watching this hidden tax penalize my nest egg. Until now, I’d been thinking the worst is behind us as well as the dollar shall recover. I’ve realized our politicians are clueless on macroeconomic issues save on behalf of the libertarians as well as small government Republicans (Ron Paul).
This week I’m going to exchange all my money to another currency. I’m thinking either the Euro or Swiss Franc. I’m also considering investing in precious metals. If anyone knows any good alternatives to holding US dollars, please write it in the feedback below.