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Even Gisele Bundchen knows the dollar is going down the toilet.

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Captain America Posted: Wed, Jun 17 2009 3:25 PM

http://www.bloomberg.com/apps/news?pid=20601087&sid=aCs.keWwNdiY&refer=home

 

Nov. 5 (Bloomberg) -- Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar.

When Bundchen, 27, signed a contract in August to represent Pantene hair products for Cincinnati-based Procter & Gamble Co., she demanded payment in euros, according to Veja, Brazil's biggest weekly magazine. She'll also get euros for the deal she reached last October with Dolce & Gabbana SpA in Milan to promote the Italian designer's new fragrance, The One, Veja reported. Bundchen earned $33 million in the year through June, Forbes reported in July.

``Contracts starting now are more attractive in euros because we don't know what will happen to the dollar,'' Patricia Bundchen, the model's twin sister and manager in Brazil, said in a telephone interview in September from Sao Paulo. She declined to discuss details of the arrangements last week.

Tom Brady is a lucky, lucky man. Do you think that Gisele is a closet Austrian or has the collapse of the dollar just so obvious that everyone knows to get as far away from it as possible?

 

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DanielMuff replied on Thu, Jun 18 2009 12:17 AM

Should have done it in gold.

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

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I think not being an academic economist means she has more common sense than most who bear tat title.

Freedom of markets is positively correlated with the degree of evolution in any society...

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