Financial Survival Strategies - International and Local

It is amazing to read about China's and Russia's current financial strategies, because they are the exact same as mine. For the exact same reasons, too: the impending dollar collapse.

China is using its dollars to buy up cheap hard assets, just as I am. Russia is attempting to create a new non-dollar exchange system, just as I am.

Clearly, the writing is on the wall. Everyone who isn't blinded by wishful thinking can see it. There is no magical happy ending in the works for the dollar-denominated economic system.

If you don't like my advice, take it from the Chinese and Russians: stock up on hard assets and productive capacity, and get involved in a non-dollar exchange system. At least then you will be partially insulated from the coming economic shocks.

If you have the capital, investing in productive capacity will be especially profitable after the dollar collapse. After the dollar collapse, imports will no longer be cheap, in fact, the price of everything will skyrocket. The updside is, made-in-America will make economic sense again. The US manufacturing base will have the opportunity to rebuild itself from the ground up. Unfortunately, in the meantime, we will face massive unemployment, and the economy will be hampered by the government's socialist policies.


China inoculates itself against dollar collapse
http://www.atimes.com/atimes/China_Business/KC18Cb02.html

At G20, Kremlin to Pitch New Currency
http://www.themoscowtimes.com/article/600/42/375364.htm