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Collapse of US economies and banks would be devastating worldwide, but doesn't mean crypto would be worthless throughout the entire world. Our borders are larg
by notch898a 4y ago
Collapse of US economies and banks would be devastating worldwide, but doesn't mean crypto would be worthless throughout the entire world. Our borders are large and porous and undefendable; one could escape and spend them elsewhere.
- km3r 4y agoWhat situation would the US collapse not be the biggest global catastrophe since WW2? No matter where you escape everything is collapsing at that point. All though, to be clear, I think the risk of a collapse isn't worth worrying about. It's like prepping for a nuclear war. The chances of happening are tiny and the chances of surviving are even smaller.
- notch898a 4y agoImagine you're a disgraced german soldier at the end of WWII, Would you rather be holding Reichsmark or gold when you take the ratlines to South America? Even in a collapse there is value in having something value dense you can use in the least collapsed of your options. Of course gold is still a great option, the most obvious disadvantage is it can be physically seized at the border.
- maxerickson 4y agoIn a scenario where the US economy has actually collapsed, gold is unlikely to be widely valued.