QazulightNice post.The bankers wrote the rules to preserve themselves. If you intend to borrow real wealth and pay back with worthless script, be sure you borrow from someone who has little clout. In my case my loans are held by Wells Fargo. I am thinking that in a currency collapse I will get wiped out. I don't know how, but I am sure my banker will take (care) of those details for me.Yeah, I'm pretty sure the next phase of the game is pretty well planned and fleshed out. Jim Rickards wrote a book called "Currency Wars". He got it published in 2011 and has been pretty prescient in some of the calls he made in it. He seems to think Special Drawing Rights (SDRs) will be the basis of intergovernmental currency in the next iteration. He also has some interesting views on precious metal backing. It is an easy read that I recommend with the caveat that for many of us it does not go far enough. The cynical side of me thinks it is not because he hasn't thought it through, but like Nouriel Ruobini, it might be because he has another book idea.I happen to believe that if/when currency crisis hits our shores, those with paid off assets will likely fair the best and those heavily margined may not fair very well unless they have some method in place that will help them transition from old order to new order with their financial hide relatively unscarred.Each of us will develop their own catastrophe survival plan....or not. Just like hurricane preparedness plans...some take the time to think things through, and others think they don't have to. When the season is over and the hurricanes have hit other places, those who planned well may have some extra supplies while those that did nothing will smile to themselves. That's what makes a market, and those who prepare will naturally help those who formerly smiled if events go awry.Poz
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