The readers of this blog are aware that the last 12 months I have been very bearish on the U.S. dollar against many currencies, especially the Canadian dollar.
My main reason for the bearish opinion is that America's massive National Debt has increased dramatically from 19 trillion when Trump took office to over 28 trillion in just the last five years.
It is estimated as of today that an average American's share of this national debt is now $84,772 the moment they come out of the womb.
American tax taxpayers share of the debt is $225,309.
In essence the America is going bankrupt, and the U..S dollar is vastly overvalued.
Lats year this led me to believe that one of the strongest currencies to buy to benefit from a falling dollar was the Canadian dollar.
Not because it is the currency of my home country but
because it is tied closely to commodities, oil prices, and strong financial
markets. All of which have been rising dramatically since last year.
In just the past year the U.S.D. has dropped significantly. Roughly 16% against the USD in just a little over a year.
I just noticed today that the US dollar has just hit a major support level at approximately 1.21 U.S. to the Canadian.
I frankly expected the U.S.D. to drop through that support area sometime in the next couple months.
When it does it could go all the way down to par value at one Canadian versus one USD.
Friends and relatives thought I was crazy keeping 90% of my savings in Canadian dollars recently.
Now they do not understand why. I have made 16% in just one year leaving it in the bank.
There are several banks in Bali and Indonesia that will allow you to open Canadian currency accounts.
This is a good way to protect your future.
Bali real estate selling at 30% to 50% discounts.
An even better investment right now is Bali real estate which is currently selling at 30% to 50% off its prices prior to the pandemic.
Sadly, many Bali Real Estate Owners have run out of cash and the only thing they have left to sell his real estate.
Purchasing a four-bedroom Luxury Villa with a 14 m swimming pool in proximity to the Hyatt Regency hotel for less than $190,000 is a way of assuring steady income for the next 31 years.
You can start your search at our Distressed Bali Properties website link and contact me for the latest bargains that are not even on the website. Lawrence at 62- 8123814014.
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