Consumers Digest

uhm.. So How can I make a Profit from the Collpasing Dollar, Collpasing Econemy??

so...... They are going to cut interest Rates Tomorrow, from 3%, to maybe 2.5 or even down to 2% 1. When would the best time be to buy a house on lease, like a 30-year mortgage, Should I wait? When Until When? Wait until it goes to 2%? Under 2%? How low will it go? 2. Because of the rate cut tomorrow, im expecting a rally on the market or flat trading until mid term elections of 2008. So I am Waiting to buy QID Stock, When is Shorting the Nasdaq 100, or betting the market will go down. http://finance.yahoo.com/q?s=qid Its at $55 a share, I wont buy Over $45 a share, and if i get in under $45, i can 5times my money on a crash, but what if the econemy does a total collpase, will the money be worthless?? What if it is a few steps from collpasing, can i still cash out? Or will i get nothing, b/c the money is worthless? This I dont know. I believe they will collpase the dollar to nothing so it can be replaced by the amero in 2-3 years or so. Any other ideas?

Public Comments

1. COLLAPSE, COLLAPSING, ECONOMY. You buy a house and get a mortgage, you RENT a house and sign a lease.
2. yeah, think about that... no matter you are shorting or longing a stock, if the u.s. crashes and it become worthless, what would your stock be worth? Gold? 10,000 per oz... oh but wait, money is worthless.... Ah, but I got my house, it must be worth something... yes, maybe 10,000,000 U.S. Dollars! wow, I bought it a 500,000 what a profit... oh but again, Dollars are worthless... by wait, there is "amero"! LOL. Canadian, US and all of South America! hmmm.... Does that mean the U.S. will take order, FINALLY, from its neighboring countries because the US DOLLARS is NOTHING! Short if you feel like it, buy gold if you are uncomfortable with the current situation. but get that "Collapse to nothing" thoughts out of your mind. It will cause you to make more investment mistakes than it will help. The smart shorts are covering soon if not already...Now is the herd that will fill the holes. becareful out there.
3. Don't buy a house now, there will be better opportunites in Summer to fall of 2009. The money will not become worthless and is almost as low as it is going to go. This is a great time to have "Cash" and just save your money. You can short the market but you have to be right on your choice or you could lose big time. When the bad news is on Page 1 of the paper and everyone is talking about it, that may be indicating the end of the trend.
4. Yes, learn how to spell "collapse".
5. This is probably going through the mind of millions of people in the U S right now, but I think there might be at least a few that it is not going through the minds of--George Bush, Henry Paulson, and Ben Bernanke. Quite frankly I am not sure anything goes through their minds. You can buy Euros. They are easily purchased as an ETF with the ticker FXE or Swiss francs as FXF. That is one possibilty. Or gold GLD, Or oil OIL. You can invest in foreign soverin debt with GIM. Agricultural commodities with DBA, up 28% just this year. OIL is up only 8%. Talk about inflation. A loaf of bread will be going for $6 a loaf by the end of the year. Heck I think the $ is already collapsed. Let's see what are some other possibilites. You could short just about any financial institution or maybe make it simple and just short a financial index IYF or buy SKF up 19% this year. Oh, you will need to buy a wheel barrow to haul your $s to the super market to buy your loaf of bread.