What waits for dollar, Euro and ruble? What’s the fate of wmz,wmr,wme?

The government tries to prevent the foreign-currency reserves depletion… Ruble should be devalued to lower the coming trade balance deficit in 2009... How many times we’ve heard such kind of statements. However this fact doesn’t change the fact of the matter: it is necessary to find out a way to make our money both virtual and real to have the same buying power as they have today. Certainly, the fact that wmz achieved the rate of 2006 can be pleasing, yet, those who gave their preference to wmr do not seem to be pleased very much. In fact, the situation is that for the first time in the history of money people can wait for an indefinite time before their screens staring at their Keeper and trying to comprehend the future of wmz and wmr. For the first time no one can guarantee that these currencies won’t crash down. Thus what shall we do?

At first, in terms of wmr. The president, ministers and other authorities made it abundantly clear that the devaluation shall occur. Perhaps, many readers do not clearly understand why it is that the devaluation is projected in Russia along with stabilization fund and economy growth. The answer is simple. And it is the case when we should touch upon the issue of trade balance. The point is that every time Russia sells its domestic goods and services for the foreign currency the nation receives less rubles for every dollar and euro when the rates are low, and when the rates are high it receives more. This can be tolerated to some extend but not in tough economy times. Thereby, it makes sense to arrange everything in such a way that for every foreign currency unit Russia would receive more rubles. Actually, the government happens to sacrifice our hard-earned wmr for the sake of the state budget. As a result we equally lose on the score of ruble depreciation that occurs in favor of those money the state is planning to spend in the course of budget program.

Consequently the nearest prospective awaiting the ruble is little devaluation which will help us all to get out of the hole of the world economy slump. So, what shall we do when the national currency goes down? The answer was already given in 1998. We should put our funds into the foreign currency. On a large scale everyone continues making payments with wmz while performing their operations on the web. Maybe that is right, but it is time for us to think about the fact that wmz is not immortal. It is increasing meantime because the world lacks cash, dollars in particular. But why is it that the world needs bucks? As long as 1/3 of the world economy is based on the US companies it natural for them to withdraw their money in notes that depict an American president. But this cannot last forever inasmuch as dollar is getting less backed by real values. If, say, tomorrow we get up and see the collapsed Ford corporation it will mean that we will no longer be able to buy their car with dollars. And now imagine that Ford is not the only collapsed company… It will turn out that the buying power of dollar will be rapidly decreasing. What will be the result? The answer is that one day in Keeper we will see the shocking rate. It may turn out that dollar will be dramatically losing its grounds. There is no need in explanations on what the panic on currency markets implies. If the dollar selling starts its chain reaction the currency will start dropping. It will be that time when another money unit should appear on the stage. Which one? Of course, it will be euro. Optimistic people are hopeful that it will be ruble, but the share of Russia in the world GDP is rather small while EC looks more attractive. And then it may happen that the last letter in your thick WM wallets will change from Z to E. It is hard to believe, isn’t it? But it is one of the real possible scenarios.

What shall we do?

Some people may say that no one can give the exact answer. Still, there are some general ways how to solve your finance related problems. You need just to divide the risks. The point is that when one currency in the pair Euro-Dollar sinks the other one automatically rises. The conclusion is that you should buy both euro and dollar. And in order to completely secure yourself against all currency collapses insure your currency portfolio with ever liquid gold. With 40% of wmz, 40% of wme and 20% of wmg you get rid of headache at least till the spring.

What’s next?

You should attentively observe the market. The time when dollar will begin sinking, the experts forecast February, is sure to come. Then you can change your units from dollar to ruble and secure yourself against defaults.

But the most optimum strategy is to get rid of rubles in a near-term outlook when performing your business activity. Pay for the work made for you with rubles, conclude short-term contracts in rubles, and try to have your partners leave you with any exchange operations eliminated and thus losses on rate margins evaded.

Still, all the hardships that befall online financiers are compensated by incredible growth dynamics across the whole Internet industry. Every day new payment systems are opening, new providers are offering their services. Certainly, the demand decrease can reduce turnovers but the people’s seeking to save their time and use various services available through the Internet will recompense losses during the currency crisis. The worldwide web is anticipating great future and it doesn’t matter what currency will be used to pay for goods and services on the Internet, be it dollar, euro, ruble or any other money to be invented by the mankind.

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