There are some economists and notable investors who are expecting a total collapse of the U.S. Dollar and Stock Market within the time period 2011-2013. The scary thing about this is that these alarmists have been right before, most notably right about the 2008 subprime mortgage crash.
These economists and investors come from a wide variety of backgrounds. Some are famous published authors and the rest are investors. Jim Rogers, the commodities guru and partner of George Soros. Peter Schiff, a hedge fund manager. Gerald Crecente, a longtime critic of the Fed. Robert Weidemer, one of three economists who published a book in 2007 predicting the real estate bubble and crash in 2008.
I'd like to know everyone's opinions regarding this. I have video links to interviews of these people as well, if anyone is interested. Some things I'd like to know is:
1) What your strategies would be if and when the U.S. dollar does collapse
2) If you don't think this will happen, what is the basis for your opinion.
3) What do you think would be the effect on your local investments and on local investment climate/business locally?
Thanks all.