>And just like diverse investments protect you from the failure of a specific asset, diverse countries can protect you from, for example, a collapse in heath ca

>And just like diverse investments protect you from the failure of a specific asset, diverse countries can protect you from, for example, a collapse in heath care, a housing crisis or a currency crisis. Although, just like certain asset classes correlate strongly, certain countries are geopolitically, economically, militarily tied at the hip and will both rise and fall together. I wouldnt consider anywhere western a good hedge against America going down coz it has a really good chance of getting dragged down with it.