Dollars are coming home to roost: The New York Skyline

Ron Paul's economic advisor, Peter Schiff, has long ago predicted this very senario. The world has collected a surplus of U.S. dollars and with the value of the U.S.dollar headed south the foreign holders of dollars are beginning to get nervous.

If they hold on to our dollars they soon will become worthless, if they spend them now on hard assests (not stocks) they can at least own something tangible. Out of shear desperation, in order to prevent a total loss of these depreciating IOU's, the foreign dollar holders will begin to buy everything in the U.S. that is not nailed down.

The repatriation of these dollars back to our shores will exacerbate the inflation in this country and cause prices of everything denominated in the U.S.dollar to rise. Once this cycle begins to accelerate even the cheap shit at Walmart will seem extravagant, but only to the American consumer.

The buying power power of foreigners (in their own currency) will increase markedly. Soon the products that used to come to the local Walmart will no longer be shipped here - they will be consumed in the countries that produced them, because the products we onced enjoyed here will seem relatively cheap to a country whose currency has now increased in value relative to ours. Even the cheap shit at Mallwart will become scarce - empty shelves ala Russia in the eighties.

Look for more of these foreign buy outs of our assets to continue even to the point that U.S. CarMax dealers will begin to export USED vehicles to the shores of the BRIC countries. (Brazil, Russia, India and China).

Peter Schiff maintains a website www.europac.net where he has a collection of video interviews that date back to 2002. Listen to a few of these oldies and see how precient he was - it's amazing. More important than his foresight though - see what you can do to protect yourself and your wealth with his current advice. Remember Peter is Ron's handpicked economic advisor and take his warnings seriously as you would RP's warnings.

peace and good luck

"The question is not who will let me- the question is who will stop me" - Ayn Rand

Isnt it illegal for a foreign nation to own U.S. soil?

to the dollars that are still out there in investment/debt instruments, waiting to mature. They have to do something with them, other than just let them sit and lose value to Benochio and his printing brigade over at the Fed.

It does not matter who buys your apples. It only matters who owns the orchard.