3 ms·
Only if you're savings is in USD. If you have the foresight to see the impending crisis you would also have the foresight to exit USD well before it happens.
by tastyfreeze 6y ago
Only if you're savings is in USD. If you have the foresight to see the impending crisis you would also have the foresight to exit USD well before it happens. Savings isn't just cash.
The way I see it playing out is the government is going to try to print prosperity. Foreign governments stop buying our debt and move on to a new reserve currency without the US. If the US is willing to use force to try to maintain USD reserve status things get really ugly. Domestically this is a world of hurt for middle and low income classes. Any country that is preparing for this eventuality is going to do better. But, all countries are playing the same monetary debasement game. Just a few countries are increasing their purchase of gold and decreasing their purchase of US debt.
- hanniabu 6y agoAnother great reason for bitcoin/ethereum