If Dollar goes to hell, and that's a big if,

Ummmm.....I'm gonna go out on a limb here. Short the dollar? Errr...let me correct that. Short the dollar at 400:1 leverage?

Quote from TM1982:

what strategies are there to get rich off it?
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It's not as simple as shorting the dollar.

So you short the dollar.
They're inflating the hell out of it, great you should be making tons of money right?

Oh wait but they're also inflating the euro and the pound and all other foreign currencies...
So on the currency exchange the dollars value doesn't drop against *other currencies* anywhere near as much as it should and your shorts don't earn you much.
 
The question itself is a quite good indicator that we're in for USD going up soon (equities going under once again).
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The only way the USD can "go up" is if:

1. Large quantities of USD are physically destroyed, written off or hoarded out of circulation.
2. Productivity undergoes a big positive jump.

So if you ever see it "go up" in a non-temporary and localized way what you're actually seeing is an effect of the other currencies it is compared to are also being inflated.

It looks like it went up in value when really all they did was shorten the measuring stick.
 
Quote from scriabinop23:

To retain wealth, you need to merely hold real tangible assets that better yet yield some sort of rent.

To 'get rich' if you aren't already, then you need leverage and perfect timing. Something like most of your net worth in deep out of the money calls in all the standard things to be expected: precious metals and precious metal stocks, international stock indexes, etc.

Something with a current 1% probability of success. The odds are you lose it all.

A more accessable strategy is to lever up as much as possible on real estate that carries well, because your real debts will (relatively) disappear as your property retains its value. Thats how you get something out of relatively little (whatever assets you currently have).
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Good post.
 
There will be increased inflation in the next several years like in the late 70's. Buy hard assets, land, gold, silver, buy a house now that they are back to a more reasonable price and rent it out if you already own a home. You aren't going to get rich, but it will keep you ahead of the inflation curve.
 
We're headed for deflation and more economic contraction, despite what anyone claims...

The V that was supposed to be, and then the U that was possible instead, and even the L that everyone feared...it'll be worse than that...think escalator.

Inflation talk is poppycock. Cash is king. Dollars are being destroyed by banks recapitalizing balance sheets and writing off loan losses almost as fast as they were printed.
 
Quote from trefoil:

Doesn't matter. China is way overextended, and really they have only a beginner's idea of how the world works and what they've done to themselves.
It doesn't even matter if they see hard times or not, because when it comes to currencies in times like these, stability is all that matters. So, at the slightest tremor, it'll be back to the dollar, and the USA.
The dollar (the US) is like original formula Coca Cola: what you have when you don't really trust the rest. And no one really trusts China: everyone remembers, well, everyone except that strident fool Jimmy Rogers, that China is still a communist dictatorship, at bottom.
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champ, can we assume you are a dollar bull?
 
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