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View Diary: The McCain Plan: "Fewer Regulations, More Corporate Tax Breaks" (367 comments)

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  •  I am going to do my part and sell all U.S. (3+ / 0-)

    denominated financial assets and convert the money to other currencies. I am not sure if the negotiated bailout plan is the right thing to do, but I am sure that this is not. So I will vote now with my money against McCain's bullshit. I think that a lot of people outside the U.S. will as well.

    I'll buy back in after Obama is inaugurated.

    We have only just begun and none too soon.

    by global citizen on Thu Sep 25, 2008 at 05:39:38 PM PDT

    [ Parent ]

    •  The pound is strong, probably too strong (1+ / 0-)
      Recommended by:
      global citizen

      I think the Canadian Dollar is a good investment.

      •  I live in Canada (3+ / 0-)

        and used to have my money 50-50 Canada-U.S. I sold U.S. dollars to go 70-30 at $1.42 and then to 90-10 at $1.23. I am hoping to get $1.06 for the rest of what I have tomorrow. After all that has happened this week I would trade if it were a $1.06 the other way.

        The Canadian economy will fall with the American economy, but not as sharply because canada has no really big housing bubble outside a couple of cities out west and has a lot of oil (net exporter, not net importer).

        We have only just begun and none too soon.

        by global citizen on Thu Sep 25, 2008 at 06:11:39 PM PDT

        [ Parent ]

    •  Any tips on *how* to do that? (0+ / 0-)

      It doesn't look all that easy to open a euro-denominated bank account.  The Euro is probably a bit overheated though, relatively.  I'm not sure I'd go with that.  Gold may go up, but it was otherwise near its cyclical peak, so I'm not sure there either.

      That's pretty much what sums up all the markets right now: "I'm not sure"

      Palin/McCain: Building the Suspension Bridge to Nowhere.

      by sproingie on Thu Sep 25, 2008 at 06:07:18 PM PDT

      [ Parent ]

      •  I am as anxious as anyone and not a little (1+ / 0-)
        Recommended by:
        siberia9

        baffled these days, but I am going with Canadian dollars, gold, high quality European-based internationally diversified manufacturers and cash in a basket of non-U.S. currencies in insured accounts. My son, who is young and able to gamble more is buying BRIC (Brazil, Russia, India, China) ETFs -- a little wild for my taste, but over 20 or 30 years not a bad bet.

        This thing could still stabilize if someone tells McCain to just shut up and calm down. I'd love to see a dozen CEOs tell him tomorrow to just go to Mississippi and debate and stop acting like a clown.

        We have only just begun and none too soon.

        by global citizen on Thu Sep 25, 2008 at 06:22:04 PM PDT

        [ Parent ]

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