What Would You Do If The US Dollar Tanked 6 Months From Now?

[Chris Kent]

There are a few people who are warning that the bond market will implode and the US dollar will crumble in value as the government prints more and more money than it is already doing.

As much as I don't want that to happen, I'm not going to ignore this possibility because some of these same people predicted this mess that we're in right now.

So how can you best mitigate yourself against US dollar currency collapse?

Most of us earn in US dollars. For those living outside the US, a currency collapse would be devastating. Even for those in the US (spending and earning in dollars), it could still have harmful consequences.

So can we please share strategies for mitigating this risk?

Here are my thoughts:

• earn via euro paying affiliate programs (anyone know any?)
• try niches with more european customers (any ideas?)

[Martin Luxton]

The soundest economy at the moment is in Australia (they are only just entering a recession and they don't have America's massive deficit).

The Australian dollar is way undervalued. Some predictions I've seen are for it to gain 15% - 20% against the US dollar by the end of 2009. (But do your own due diligence).

Martin

[Chris Kent]

Good idea Martin, I had completely forgotten about Australia and New Zealand!

I am thinking of getting back into gambling affiliate programs. It's hard work but at least it's a global audience where language is not a barrier.

[star lit]

The US is the most lucrative consumer market,
however there is also Canada, UK and Australia.

[Joe's Market]

Is it possible could collapse and become devalued. Sure. However since we are the world's consumers every other has tried to help bolster and help maintain its strength.
Now due to government printing money as fast it can will it have a negative effect. Yes, however we are fighting a double edged sword, because I believe if it weren't for the government and all the public programs we would already have soup lines and massive homeless families.
If you want to gamble on a bet for the future it might be the Iraqi currency, as wit their oil tey could once again be a world figure and their currency would skyrocket.

Good Luck and enjoy

Joe

[JDSalinger]

If the U.S. Dollar is hit by inflation, the effects will be felt by everyone. Most people suggest the best course of action is to then move your money into currencies that are doing better against inflation. Generally, these will be countries that have a low amount of debt. Some good examples have already been mentioned, but two others are Switzerland and Singapore. Beyond putting money in other currencies, gold is a good place to put your money as it rises in value with inflation.

Despite recent news articles and events, I think most experts still think we will see a deflation in the U.S. dollar before inflation starts to occur. If this occurs, keep your money in cash and avoid gold until the shift starts occurring. Either way, the real problem is that many customers will see their purchasing power decline which is really not good for any of us unless you marketing to a pain point. I think the better questions are whether we should be making shifts to businesses and niches that will do better in these business situations or shift to ones that we know will have extra discretionary income regardless (i.e. teenagers and college kids, ultra wealthy, and empty nesters).

[seamusb]

Originally Posted by ProductCreator

• earn via euro paying affiliate programs (anyone know any?)
• try niches with more european customers (any ideas?)

I live and work in Ireland and our biggest market is the UK and EU.

One of the biggest affiliates companies over here is TradeDoubler. I use them with some modest success on one of my websites:

TradeDoubler - Performance-based Digital Marketing

As for niches in European countries, unless you have translators it can be hard to break into non-english speaking markets, but the UK has about 50 million + people. More than enough to target!

The niches over here are mostly the same, except we sometimes run two-six months behind in terms of viral stories in the media (like the iPhone). In fact, if you have a great product/service that is already done in the US, registering a co.uk and marketing into the UK can give you a head start on the UK / Irish marketeers

.co.uk and .eu domains are pretty much the same in terms of registration as a .com as far as I know. It is just as hard to get a decent domain there too. But why not register one and do some tests? It is worth a try.

- Seamusb

What you mean it has not tanked already ... ??? The US dollar is getting closer and closer to the EUR like it used to be.

A Few Facts Though:

* The economy is not as bad as the media makes it out to be, yes people are having it hard but people have had it hard for the last 60 years..

* The economy is only going to have a bad effect on those that let it. There are so many ways to generate a income that it is unreal how many people just sit around and say "How do I make Money"...

* Give your life and business over to Jesus Christ and you will not feel much of the economy at all. Having faith that things will work out and things are going to improve is one of the most powerful things you could do for yourself and your business.

* Planting seeds of faith will work wonders if you truly have faith and you honestly help others expecting nothing in return.

I could go on but I think you get the point, am I rich ? Nope, matter fact I am facing a $20,000 hospital bill and now I need to buy a new car as last week mine died.. But I do have the faith that things will work out and will be taken care of.

James

[Tsnyder]

Stop worrying about it... if the U.S. Dollar collapses it won't matter
what kind of currency you hold. The world's currencies and central
banks are so interconnected it won't matter... they'll all suffer.

Tsnyder