Wednesday, September 14, 2016

US Dollar goes up during turmoils because people think its a safe haven

I'm not the only person who knows there's turmoil coming. And people are looking for ways to protect themselves.

I own a lot of US dollars, though. Not because it's a safe haven, but because people think it's a safe haven. And when the world falls apart, people will put their money into the dollar. That's going to mean the dollar's going to go up. 

So that means a lot of currencies will go down, including the Chinese currency, including the European currency, the British currency. Many other currencies will go down. The dollar is going to get overpriced, and the dollar might even turn into a bubble, depending on how bad the turmoil is. If there's no place to go-- at the moment, people are also going into the Swiss franc and the Japanese yen.