Well, I have one thing sure. I'm saving lots of euro for when the US dollar goes even more down, so I can buy bargain properties in USA.
Buildenberg club (you should know who they are) said there will be a major crackdown on the USA real estate market, and after that there will happen a once in a lifetime opportunity to buy cheap real estate. In my case this will happen for second time because I already placed lots of money in properties in Bulgaria and now I'm starting to get the rents from them.
At the moment it's cheaper to buy a house than to buy a new car in Detroit. At the time the US dollar becomes near 1 euro = $1.75 and just when politicians start to talk about the pamer (the new USA + Canada + probably Mexico currency) it will be the perfect time to buy stuff in USA because the US market will be very untrustworthy.
I estimate that this will really start 14 months from now when the USA invades Iran in October or November 2008 and the dollar will really go down then.
Till then I'm just sitting and building new houses in Bulgaria and preparing to sell them when the prices raise a bit more
In an untrustworthy market there is usually a kind of panic situation. If you play your cards good you can make lots of money because of that "panic" situation.
In USA the situation has almost reached the boiling point, but it's still not enough. The Government cannot raise the price of money (interests) because then lots of people will be unable to pay their bills. But the government needs to raise the price of money (interests) because otherwise the US dollar loses value against the euro. Till now they still manage to maintain the situation, but that cannot go forever. There will be aperiod of 2 or 3 years when real estate prices will drop very abruptly, almost free fall. After that, if you have some saved money it will be the perfect moment to buy stuff in USA.
Just hope that happens near 22 December 2012 or after that date. Before that date it would be problematic from the risk point of view.