1) I mortgage my house to the hilt, or at least to the hilt where I don't have to pay nasty extras, at a fixed 5.5% rate for thirty years. In doing that I'll get x amount of dollars in cash. I can get fixed rate for life cash advances on my credit cards if I'm really nuts.
a) With that cash I buy euros or yen. Convert it all into foreign currency. Have a nice Swiss bank account. Then I can wait for the dollar to crash, buy back a lot of dollars and pay off my mortgage.
b) Or invest that cash in Vestas, a maker of wind turbines. I imagine that would be denominated in Euros, being sold on the Copenhagen stock market. When the dollar crashes and Saudi Arabia goes up in literal smoke, I laugh all the way to my little bankrupt American bank, pay off my mortgage and invest in real leadership here in America.
Someone please give me reasons not to do this, I'm about to become a Dad. Is there any chance the Dollar isn't going to fall? Any chance interest rates aren't going to skyrocket? Is it impossible to convert medium sized amounts of currency? What am I missing?
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