I saw in a report on the Bear Sterns problem today that the low dollar is a much bigger problem then typically discussed. The Fed counts on a certain level of purchases of financial instruments they put up for sale. But Treasury sales are low because foreign buyers are not buying anything dollar based right now.

>>Really? Everything I buy and earn is in dollars. Foreign goods will become more expensive (already have) as the dollar sinks against other currencies, but I don't understand why I should hold money in those currencies unless I am worried about the dollar becoming worthless, which I am not.
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>That is precisely my worry. I heard that some companies are investing in dollars now; the argument being more or less that it is low now, and it should eventually go up again. So, logically, now is a good time to buy dollars. Let other people try this; I won't.
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>(On the other hand, foreign goods becoming more expensive can, interestingly, become a problem for other countries: they will have trouble being competitive, when exporting to the U.S.)
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>> If I put my money in Euros, for example, isn't that an investment / speculation that Euros will appreciate against the dollar?
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>Yes, but I think I didn't suggest a SINGLE foreign currency. Diversification might be safer.
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>> I am looking for a safe haven, not an investment. Not forever, just to ride things out for a while.
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>Me too; and I am trying not to have all my money (what little I have <g>) in US-Dollars, not all in Bolivianos, and not even all in Euros, even though the Euro does seem, for now, to be safer than the other two I mentioned. But yet, I don't suggest that anybody bet their future on the Euro either.