lovingpet
Posts: 4270
Joined: 6/19/2005 Status: offline
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For slow devaluation, extremely conservative investing and stuffing the mattress is about all there is. Investing in surging foreign currency works well. The family I was staying with in Belarus followed my advice to hang on to the dollars I gave them to assist with my stay until things got even worse and then cash them in. While others were starving to death, they were surviving at least. Granted that was a little money compared to what was needed for long term economic recovery. And, btw, economic recovery is FAR from a reality in Russia and its former republics. Biased journalism praising the government is still very active. If you don't believe American media, don't even begin to buy into anything being made public out of other countries. Just sayin. For sudden devaluation such as happened in the 1990's with the fall of the Soviet Union. There really is not much to be done. No one can predict how steep the plummet will be or how quickly it will go there. Again, harder, more stable forms of currency are most effective as well as simply having barterable goods and services. Do I think Americans don't have a clue what it means for their money to become worthless? Of course I do. America hasn't really dealt with being poor on a global scale, just in our own eyes at time. I don't foresee a fall that extreme now either. It wouldn't benefit the overall bigger picture the global community has been putting together for over a century. You will note that I did mention the world banking system. I will also mention the global health organizations that are becoming highly intrusive upon nations' sovreignty as well. The best thing I could ever advise is to play nice, but keep to ourselves mostly as a nation. Deal carefully and not be dependent on other world leaders to maintain our way of life. I'm afraid it is far too late for that now and was before I was ever born, but reversing the tide can occur. It's not going to be easy, however. Change always comes at a price. Americans, like anyone else, will only pay it once they know it is worth it. lovingpet
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If you put your head into more, you'd have to put your back into less. ~Me 10 Fluffy pts.
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