The only thing keeping the US from that outcome is that we're currently the worlds reserve currency. The pace that the world is de-dollarizing (look at good pricing, BRICs, petrodollar talks) should give some hint as to what the rest of the world thinks the future of the dollar looks like.
Fair, my point is essentially after de=dollarizing, it's zimbabwe time. Timing the collapse of the dollar to try to turn your money into hard assets is the tricky part.
The only way out that seems reasonable is Ron Paul's Competing Currencies. May the best currency/money win. This would mean no taxes when switching from one currency to another.
The only thing keeping the US from that outcome is that we're currently the worlds reserve currency. The pace that the world is de-dollarizing (look at good pricing, BRICs, petrodollar talks) should give some hint as to what the rest of the world thinks the future of the dollar looks like.
The Petrodollar is dead. Saudi Arabia left.
Fair, my point is essentially after de=dollarizing, it's zimbabwe time. Timing the collapse of the dollar to try to turn your money into hard assets is the tricky part.
The only way out that seems reasonable is Ron Paul's Competing Currencies. May the best currency/money win. This would mean no taxes when switching from one currency to another.
I like Ron Paul, but nothing up to this point has been reasonable. I doubt a currency collapse will be.