After passing much of 2008 standing thankfully on the sidelines, we believe that with current valuations, opportunities have returned for putting capital back into long-term positions in emerging markets.

Most people know the largest economy and most widely held currency in the world are in trouble, says spy-turned-newsletter-editor Fitzroy McLean.

As Byron King said recently in Penny Sleuth, the Bush administration has presided over a massive expansion of government’s role in finance – a new era of bailouts.

These bailouts will have a disastrous long-term effect on the dollar. Fitzroy recommends two currency plays to best protect your portfolio from the buck’s ultimate devaluation…