Posts Tagged ‘be smart’

The Fist fight Between the Euro and the US Dollar: Who is winning?

March 19, 2010

Canadians think their Loony will soon be worth much more than the US Greenback, after all they have the oil and a better fiscal policy. The Europeans think the Euro will dominate the dollar because the EU is in ascension while the US is in decline. The Russian ruble, Chinese yuan, Japanese yen, German mark and French frank are waiting in the offing to jump in and rescue everyone from American political or monetary mismanagement.

Well, I got news for you all, investors, pundits and CNN financial experts. You are all wrong because you have a tunnel vision and you are wearing politically correct glasses. Focus on facts, not on surface impressions about a small segment of history when the US appears to be losing.  The stupidest are the Europeans who were saved by the Americans from starvation twice in a Century, and they still think their fragmented decentralized new Euro economy can beat the all mighty American dollar backed by history. It really doesn’t take brains to realize that the USA would always be the winner in our world, because it, (i) has the best Constitution in history, (ii) has a bill of rights second to none, (iii) is the only country governed 100% by the rule of law, (iv) has led all the other countries combined in Nobel prices,  innovations, new industries, services and products, (v) has the biggest economy, (vi) is the only Democracy besides Russia that has a centralized economy, (vii)  had won 2 world wars, and (viii) is totally free.

Beware, your wealth is only as good as your thinking. If you are a multimillionaire, you can ignore what I am saying because you already know it’s true. I have a lot of friends who took their money out of New York and invested it in Asia. As the saying goes, you can bring a horse to an American spring but if he thinks that a faucet in Beijing has better water, that is where he would be heading.