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It's exceedingly unlikely that any sort of survivalist scenarios will come to pass, so stockpiling is sort of pointless here. About the only thing that might m
by blahedo 15y ago
It's exceedingly unlikely that any sort of survivalist scenarios will come to pass, so stockpiling is sort of pointless here. About the only thing that might make sense would be to diversify your investments to include some denominated in other currencies; but that's a good idea in these times in any case, regardless of default likelihood. In the (imho still unlikely) event of a default, though, the dollar crash will be relatively gentle, because China will not let the US dollar crash too fast or too deeply since we're still their main market.
- mrb 15y agoI agree, it is unlikely a survivalist scenario will come to pass. I have only considered one aspect of the crisis, the financial one. Fortunately I have no family to support. I do not particularly depend on any financial aid from the government (virtually zero medical bills, for now!). My wealth is already well distributed evenly between hard assets, Euro-based assets, stocks in multi-national companies, and Bitcoin. I would consider moving back to Europe or any foreign country if the job economy worsen too much in the US.
- oelewapperke 15y agoYou do realize that if the dollar crashes, the Euro will not be far behind, right ? Buying euros to guard against dollar default is like buying riyals. If one crashes, so will the other. At the very least I'd go with AUD, but perhaps better to go with Yen or Signapore dollars. They certainly won't be immune, but they have a decent chance of surival if the US goes.