Ecuador & the US Dollar


Ecuador and the US dollar.

A Canadian reader recently sent this question about Ecuador and the US dollar.

I am hoping our Canadian dollar gains on the US dollar so we stretch our purchasing power in Ecuador.  Could you give me a better idea of the potential for this?

An excerpt from one of our recent Multi Currency updates outlines my belief that long term the US dollar will fall. I sent my multi currency readers this note:

With my recent US dollar loans the currency allocation in my liquid portfolio is:

US$  -2.0%
CAD  6.0%
NZD  6.0%
AUD   6.0%
$ Bloc   16.0%

GBP   8.0%
DKK  10.0%
SEK   4.0%
EURO 39.0%
Euro bloc 61.0%

TRY 6.0%
HUF 7.0%
BRL 6.0%
EMCS 6.0%
Emg Curr  25.0%

This represents a large overweighting in the euro and related currencies.

A recent note from a British reader explains why I have so many euros.   The  reader sent this note:

We Europeans wake with a new President elect tomorrow: President van Rompuy (currently Belgian Prime minister).

He may not have quite the charisma of President Obama but he will now lead the European Union, the largest economic power in the world. Consider:

-The European Union’s GDP ($18.9trillion) is larger than the United States ($14.5 trillion) and China ($4.3 trillion) COMBINED
-van R represents 492 million citizens
-EU is the world’s largest aid donor
-world’s second longest coast-line helping establish it as the world’s largest importer and exporter
-Home to more global cities than any other region in the world

Yet…

We have not had a chance to vote for van Rompuy of course, no surprise as the EU is the world’s largest elite driven technocracy that is (in my humble opinion) transforming Westminster, the mother of all Parliaments into a regional Assembly and squeezing the life out of accountable democracy like a giant multi-headed serpent that speaks 145 different languages.

Consider:

-75% of new environmental law comes from the EU
-EU law is now supreme law and trumps national law in all EU countries
-Do you know who your MEP is or what they get up to in Brussels?
-The EU elite has largely refused to let its citizens vote via referenda on the relentless expansion of EU powers and effective end of national soverignty (and where there have been referenda i.e. Ireland: have refused to take no for an answer, bullying second referenda until they say Yes)

So, awake and all hail President elect van the man Rompuy, a new global Giant, the dawn of a new era. A thrilling day for the Euro Elite, a sad day for democracy.  Thanks God.  At least it wasn’t Tony Blair.

You can enroll in our Mutli Currency Course here.

I believe the Canadian dollar will appreciate against the US dollar… but not as much as emerging and European currencies.  To protect the purchasing power of one’s currency… diversify out of the US dollar.   My portfolio above shows that I am voting with my money as well as my mouth.

Here is a chart from finance.yahoo.com of the Canadian dollar versus the US dollar.

ecuador-dollar

Here is the US dollar versus the euro for the past five years.

ecuador-dollar

Whichever currencies you choose for diversification… the charts are pretty clear.  The US dollar is headed down and has not yet reached its previous low.

However to not forget that I believe that all currencies will lose purchasing power. This is why I have Ecuador houses and…

Cotacachi-Adobe-house-Rental-lounge

Ecuador office buildings…

Cotacachi-condos

Ecuador hotels…

ecuador-dollar

and Ecuador condos in my portfolio.

ecuador-dollar

There are four ways to combat the loss of global currency purchasing power.  Invest in global shares… commodities… real estate and/or have your own business.  This is why we offer our emailed course “Tangled Web… How to Have Your Own Internet Business”.

Gary

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