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<p>[QUOTE=&quot;ToughCOINS, post: 6751940, member: 20480&quot;]It&#039;s diversified enough to protect against all reasonably foreseeable threats . . . right now I&#039;m out of equities while seemingly everyone else is enthusiastically piling into record multiples in anticipation of a recovery.&nbsp; </p><p><br /></p><p>There&#039;s an inherent contradiction in that optimism which most everyone is overlooking.&nbsp; </p><p><br /></p><p>Businesses will need fuel to restart, and that fuel is seriously depleted.&nbsp; It was consumed trying to keep them afloat for the past year without being able to operate near capacity.&nbsp; </p><p><br /></p><p>Many expect the government will help companies refuel, and it might, but if it does, it will print money irresponsibly in order to do so, and that will be the demise of the dollar. </p><p><br /></p><p>The Federal Reserve and Treasury have inextricably painted themselves into a corner.&nbsp; If the currency presses are run nonstop to resurrect commerce, it will be at great cost to our exchange rate.&nbsp; </p><p><br /></p><p>China knows this, and has been planning for a time like this with their 10 year old engagement in the BRIC economic bloc, their increased divestment of US Treasuries, their accumulation of gold, both mined and not, and their inclusion in Special Drawing Rights in 2016 and posturing to increase their currency&#039;s share of the SDR this coming October. </p><p><br /></p><p>China was already well on their way to overtaking the US as the pre-eminent economic power . . . COVID merely hastened the process.[/QUOTE]</p><p><br /></p>

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