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If the value of the dollar is at risk then preparing financially means getting out of the dollar by getting some assets that are not priced in dollars or physic
by tastyfreeze 5y ago
If the value of the dollar is at risk then preparing financially means getting out of the dollar by getting some assets that are not priced in dollars or physical assets that have intrinsic value.
I am leaning more heavily on physical assets as even foreign stocks will suffer to some extent in the event of a dollar crisis. With USD as the current global reserve it's failure will ripple through financial markets and economies around the world.
The best thing you can do is learn how these kinds of things have played out in the past and make a plan to "weather the storm" as it were. I have really been enjoying stories of living through high inflation in other countries on https://www.youtube.com/c/StarPathAcademy https://www.youtube.com/c/StarPathAcademy. Not saying that is where we are certainly headed but all of the indicators are the same as other high/hyper-inflation periods in history.