I just want to save my savings. Screw euro, dollar and gbp, i want to keep it all in Chinese yen or whatever.
I just want to save my savings. Screw euro, dollar and gbp, i want to keep it all in Chinese yen or whatever.
The rich own lots of foreign assets. You're not wrong. If someone were to take their money and put it in emerging markets, or Hong Kong, at just the right time, they'd do very well for themselves. That's where all the production happens, the US just skirts by having a service economy because it basically scammed the rest of the world into holding a "gold backed currency". Once that comes to an end you'll see a pretty big shift.
The rich own lots of foreign assets. You're not wrong. If someone were to take their money and put it in emerging markets, or Hong Kong, at just the right time, they'd do very well for themselves. That's where all the production happens, the US just skirts by having a service economy because it basically scammed the rest of the world into holding a "gold backed currency". Once that comes to an end you'll see a pretty big shift.
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