Mad Money Machine

Dollar to Zero? That’s Pretty Low!

Mark Faber talks about the current economy in MarketWatch:

Nowhere was he bleaker than when addressing the beaten-down dollar, another victim of Fed policy which he said has ensured cash returns below the rate of inflation. "In the long term, the dollar is a doomed currency. It will go to zero," he said, which produced some nervous laughter from the audience.

I’m hoping there’s a touch of hyperbole in that statement. Or perhaps long term means really really long. I’m hoping. What to buy?

Chinese yuan. Asian property. Other Asian stuff. Other commodities.