CD Rates (Certificate of Deposit Rates) and High Interest Savings Accounts » Japanese Yen http://bankingtopia.com Get great information on CD Rates (Certificate of Deposit Rates) and other High Interest Savings Accounts. Fri, 07 Jan 2011 23:28:02 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 The Demise of the American Dollar http://bankingtopia.com/the-demise-of-the-american-dollar/ http://bankingtopia.com/the-demise-of-the-american-dollar/#comments Thu, 08 Oct 2009 20:15:28 +0000 Bankingtopia Editor http://bankingtopia.com/?p=915 If you have been following the post on my site you will not be surprised that the dollar is continuing to decline and that China, Japan, Saudi Arabia my not continue to accept American dollars in return for cars, toys, food products, and oil which could speed up the decline of the US dollar and these events will continue to make Gold which recently topped $1,000 and ounce a very good investment. Also if China, Japan, Saudi Arabia start selling off their dollars, many others will do the same which could lead to the collapse of the dollar. China and other countries are saying they are not selling off their dollars, however many countries that have heavily invested in dollars in past are putting much of their monies in other investments like gold, oil fields and other precious metals and commodities. Many economist say the collapse of the dollar will take a long time, however if you consider that Ben Bernanke and G20 are working to reduce the value of paper currencies through out the whole G20 block it may all take much less time than some may think.

Once again many countries are looking to stop trading US Dollars and trade instead in Japanese Yen, and Chinese Yuan, and the Euro, Gold, and a new currency that is being brought into circulation within the Arab sector including Saudi Arabia, Abu Dhabi, Kuwait, and Quatar. Once again buy Gold and try not to have a lot of your portfolio in US Dollars.
Finance ministers and Central bank top executives from Russia, Japan, China, and Brazil have already been meeting to work to agree not to value oil in dollars any longer which will further the woes of the US Dollar. Some say the dollar will likely collapse within the next 8 – 9 years, however many do not see it even taking 3-5 years for the total collapse of the dollar, which is causing Gold to soar as the world is buying up Gold as it is a very safe investment with a great return. It has been said that the move away from the dollar and not valuing oil in dollars will likely lead to issues within the US and China and others that are moving away from the dollar. China has long been referred to as the sleeping giant, and it seems they are no longer sleeping and on the move to grow, and move to control their future by locking up oil interest with Middle East, Russia, Iran, and Sudan with little concern from how this effects the United States. To show you the changing world economics, European Central Bank president Jean Claude Trichet has been trying to get China to let he Chinese Yuan appreciate vs the sliding dollar which will help the European Block by taking pressures off the Euro and help China and the European block while further decreasing value of dollar.

The United States convinced Britain to stay out of the Euro some years to keep from deflating he dollar some years ago, however with all the countries moving away from the dollar it is suggested that Britain will eventually be forced to do the same thus sinking the dollar and sending gold through the roof making Gold a very safe and profitable investment.

The current proposed change over of dollar is said to be 2018, but who is to say with the changing world economy and the move away from the dollar by many major countries if the dollar will be stable and continue to be traded until 2018 or even 2012. China is saying that the United States and Britain will be impacted significantly impacted by this change and move away from the dollar and though this will worry many likely few will truly admit the extent of the damage this will do to the US and Britain.

To recap, BUY GOLD NOW, and do not invest heavily in the dollar or investments that are tied to the dollar as until we have a new currency it could be very risky to invest heavily in the dollar. However if you were to do Forex trading and bet on Japanese Yen and Chinese Yuan to go long as the dollar goes short you could make a very good profit.

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