12/4    If you knew that the dollar was going to totally collapse tomorrow
        where would you put your money?
        \_ Fuck the Euro. I wouldn't put money in the Euro. Buy gold.
           The Euro is no more or less stable than the buck, and if the buck
           starts to fall exceedingly drastically, the Euro wouldn't be far
           behind.
           \_ Just wait until the full cost of letting Poland & friends into
              the EU becomes apparent.  And now they've got Turkey & others
              lusting for membership...if you believe that the value of a
              currency is based on the long-term stability of its issuer, I
              wouldn't be so enthusiastic about Euros.  -John
        \_ The Euro
           \_ Euro based bond-index funds
              \_ So, you guys figure that the *total* collapse of the dollar
                 would not kill the Euro as well?  Really?
                 \_ I assume that op means "totally collapse" metaphorically,
                    not literally. Like drop another 50% or something. No one
                    is anticipating that the dollar will become worthless,
                    like the pre-WWII Deutschmark.
           \_ So why *is* the Euro supposed to be such a swell place to put
              all of your cash, anyway?  People say "massive U.S. deficits,
              U.S. economic woes, blah, blah -- Europe is safer!" -- but can
              you name a Eurozone country that's not *also* running giant
              deficits proportional to GDP, or that has an unemployment rate
              that's the same or lower than America's?  Moving your money
              from dollars to Euros hardly seems like a flight to
              safety/quality -- more like a typical rose-colored liberal
              "Europe must be better!" response.  I'd think that the Yuan is
              the place to be for the future ...
              \_ The yuan is controlled by the Chinese government and not
                 the free market. I think that perhaps Pounds Sterling
                 or the yen might work instead of the Euro.
                 \_ Comparing apples with apples, basically every currency
                    is controlled by some form of government intervention.
                    \- not meaningfully true: high K mobility, floating exch
                       rate, monteary independence: pick any two.
                 \_ Um... Japan has ben in recession for 14 years because
                    they can't work out their bank system.  I guess the
                    currency is stable though.  It's sucked for 14 years.
                    I guess it can't go down though...
               \_ Why do you think the market is favoring the Euro? The EU
                  has a lower overall debt, a smaller trade deficit, higher
                  overall productivity per hour worked, etc. US vs EU
                  unemployment figures are deceptive, because of the different
                  way each society offers unemployment benefits. A much
                  more accurate picture would be to look at overall
                  employment, as a percentage of the adult population.
                  The US and EU are similar here.
        \_ My ass.
           \_ so, you put your money where your mouth is?
        \_ Where I have it now.  -John the Eurofag
        \_ Gold coins.
        \_ I'm thinking about getting into bowhunting- danh
        \_ Ammo, rice and wool blankets.  If the dollar collapses
           tomorrow a hell of a lot of good your euro's or your
           gold is going to do you if you can't feed or clothe
           yourself and protect your gold/euros.
           \_ I already have a good stock of food, water, medical supplies,
              etc in case of earthquake. I still have my old hunting rifle
              from growing up in Wyoming. I suppose a few hundred
              spare rounds sitting up in the attic wouldn't hurt. Even
              during the Depression though, things didn't get so bad
              that civil society completely broke down, so I think you
              are overreacting. -ausman
                \_ I was just answering the question about what
                   I would do if I though the dollar was going to
                   totally collapse tomorrow.  If every dollar I
                   own was going to be basically worthless, and
                   everyone elses dollars were basically worthless
                   I think there would be widespread chaos.
                   Personally I don't think this will happen ever
                   though.  The world is too heavily invested in
                   the success of America.