Expat Community > Ecuador

Stokes
Joined 2013
Posts: 26

Dollar Devaluation Effect

11 years ago

I just watched an interview on USA Watchdog, with noted investor Jim St Clair. He is of the opinion that U.S. Dollar will experience hyper inflation and lose a large per centage of its purchasing power. He thinks this will begin in 2014,and by 2020 the currency will collapse. Nixon made a deal with the Saudi Royal Family, that all oil would be purchased in U.S. dollars, thus the term petro dollars. Nixon promised that the U.S. would protect Saudi and the Royal Family. Obama's moves in the mid east especially with regards to Iran is viewed by the Saudis as a break in the agreement. If the Saudis start accepting other currency for oil, the dollar will start its free fall, thus a great loss in purchasing power. Expats will certainly have a change in their standard of living. If the U.S. loses its status as world reserve currency, being in a foreign country may become a financial hardship on expats. I am in the process of moving my assets into Singaore dollars. I think that the aforementioned should be factored into any move abroad or remaining abroad. I suggest that all watch Jim St.Clair's interview.

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Living in Ecuador Guide

Expats in Ecuador share some of the pros and cons of living in Ecuador. Topics covered include where to live, the bureaucracy, the people and more.

Ecuador Forum
Join our Ecuador forum to meet other expats and talk about living in Ecuador.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Ecuador.

Best Places to Live in Ecuador

If you're dreaming about living in Ecuador, here are the 15 Best Places to Live in Ecuador in 2023.

Healthcare in Ecuador

Expats in Ecuador share their experiences with healthcare and overseas medical insurance in Ecuador.

Cost of Living in Ecuador

Expats offer insight into the cost of living in Ecuador.

Moving to Ecuador Guide

Expats in Ecuador offer advice to newcomers and people considering a move to Ecuador about clothing, sunscreen, renting before buying, gringo pricing, Ecuadorians politeness and much more.