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Message:: [QUOTE="Smitty, post: 1393386, member: 35044"]What 95% of economists do is get it wrong :smile. Most popular economists are wrong so often they're a great contrarian indicator, yet the financial shows still have them on all the time. But you're right, they're nothing more than cheerleaders for their companies. However, I really think they believe the stuff that comes out of their mouths. In the medium/long-term the dollar's goose is cooked. The only thing that's saving us right now is that Europe is even dumber than we are. The U.S. has backed itself into a corner where it has three choices; default (ain't gonna happen), drastically cut entitlements (ain't gonna happen), or print. However, the dollar will probably always be our exchange mechanism. I don't believe in the Mad Max scenario (although some violence, shortages and strife wouldn't surprise me at all). We'll just need a lot more dollars. Simple supply/demand says that if you print more dollars you devalue them. Is it wise to put your money in a devaluing asset? In the future, I'd rather put it in appreciating assets and convert to dollars on an "as needed" basis. What is and isn't currency is not really important. What is important is what item will hold or grow your wealth. I don't really care if that's dollars, gold or potato chips. I want the best ROI.[/QUOTE]