Beauty AND Brains

November 5, 2007 - 3:00 ET

What does supermodel Gisele have in common with billionaire investor Warren Buffett (besides how sexy they both are)? The Real Story is that they both believe the U.S. dollar is headed for even more trouble and now they're both putting their money where their mouth is.

Gisele has reportedly... (Sidebar, your honor: God, if you happen to be watching, THANK YOU for finally giving me a story where I can talk about currency fluctuations and supermodels at the same time; you really are all-powerful). Anyway, Gisele has reportedly demanded that some of her employers -- like Procter & Gamble and Dolce & Gabbana -- pay her in Euros from now on, and Warren Buffett has recently said that he's buying stocks of companies that earn their income in foreign currencies.

I told you last week that the dollar has now lost over forty percent of its value against the Euro in the last seven years, but gang, some top economists say that very well may just be the beginning. I understand that currency valuation isn't exactly the most riveting TV topic, but unless you enjoy paying twice as much for almost everything you buy, then it's time that we all start educating ourselves on this. There are things we can all do (like personally getting out of debt and making sure our government does the same) and ways we can mitigate the consequences of the fall, but we have to be willing to listen...and there may not always be a supermodel available to make it interesting.