Now the Fed itself is increasing borrrowing to finance its bailouts. The US is going bankrupt, and the USD may become toilet paper faster than i thought. Saw the need to lighten my USD cash and converted a chunk to SGD today. Singapore banks are flush with cash as investors seek safe havens, pushing SOR below 1% while US LIBOR stays above 3%. SGD should be appreciating but i think MAS is keeping it relatively weak to support the economy