The US dollar continued to slide against all major currencies this week. The Euro is the highest it has been since it was created. The Swiss Mark - where everyone parks their dough during hard times - is at historic highs. The price of Gold is excellent - another place to park money when the US goes down the shitter. The Canadian dollar? Highest against the US buck since I was born.
Follow me over the fold to find out how foreigners (like me) and even Americans, can take advantage of the low US dollar.
Apparently Chacellor Merkel of Germany is happy to have a strong economy and therefore have the Deutschmark trading high, however, it means that it will make German exports very expensive for people. Like American people. Therefore German exports will suffer. The same here in Canada. We are all kinda giddy about having a dollar worth more than the US dollar. That hasn't happened in, like, 30 years. Same problem though. We export a lot of stuff - most of it to the US. With the US dollar not worth shit - Americans can't afford our stuff anymore. Well actually, they can afford our stuff, it's just going to cost them more.
That got me to thinking. If the US dollar is worth shit. That means that stuff made in America is going to be dirt cheap to buy. So I immediately started thinking about all the stuff that is made in America that I would put on my Christmas list - so I can get it dirt cheap. Here's the list:
A Chevy, a Ford or a Chrysler - but I don't need or want one.
An I-Pod - but they don't make those in the US.
Nike shoes - but they don't make those in the US. A Chinese product I believe.
Levi Jeans - or any clothing product - see above.
A Harley Davidson Motorcycle - my wife would kill me
Evangelical Christian Videos - I'm sure they are well made but - no thanks
Management Consulting Services - zzzzzzzzzzzz
Porno - Does anyone actually pay for porn?
Corn - okay I could use some corn - I'm getting excited! Keep it on the cob 'till Christmas
Guns, planes, tanks, missiles etc.. - not practical for my lifestyle - no room in the garage
Treasury Bills - US debt? Is that all that America has to offer these days? C'man!
Aircraft - sorry no budget and I can't afford the gas
Fruit and Vegetables - Okay now you're talkin'. I can use those things. Oh, but you want to close the border so that Mexicans won't steal those choice, high paid, benefit yielding, picking jobs from Americans? Oh dear.
Okay - so the way to take advantage of a low American dollar is to buy fruit, veg and corn. Until they close the border with that fence thingy - and put snipers at every tower.
Maybe Pet Rocks are still made in America - and I'll bet I can get one for cheap! Maybe you'll do me the favour and buy me that American made product for Christmas.
Then I can devote more of my international investment strategy to buying more USA fruit and veg - and Disney stuff.