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Greenbacks and Yuans, that's what I'd do.
by pagekalisedown 15y ago
Greenbacks and Yuans, that's what I'd do.
- BSousa 15y agoBut exactly how? I'm not being rude, just asking. Apart from going to these countries and open a bank account or have actual money under the mattress, how would this work? My bank allows me to have accounts in USD and GBP (I actually have some money on each) but if the euro blows, and there is a bank freeze and mandatory 'exchange' of euros to whatever your local coin is, I would think these accounts would also be affected (something like exchanging the USD to EUR at current rate, and then changing the EUR to escudo or dracma) I looked at forex but I'm in no way qualified to understand how the hell that works.
- junto 15y agoGBP?
- pagekalisedown 15y agoNot for me. I'd consider the Canadian and Australian dollars, but they're both way over valued right now because of their political and economic stability. They have no where to go but down I think.
- barrkel 15y agoThe UK's printing presses have also been running overtime lately. To a first order approximation, every country is printing money in a beggar-thy-neighbour approach to increasing competitiveness. But when the malaise is global, that doesn't exactly work well.