As the US debt grows, I've been wondering what a good strategy might be during a serious currency crisis. Dump cash and buy property? Invest in raw materials like oil and soybeans? Maybe it would be a good idea to pick up some rental units because you'd have to think you could index the rent with inflation.
All of that is wrong and the events of the last 60 days in Portland show why. It's not the wild swings in prices and valuations that will get you, it's the social instability. When the crazed mobs, drunk on hatred of America which was fed to them by our teachers, go bonkers in the streets, your net worth won't mean a thing. Your only option will be to find a safe haven and flee. You'll doubtlessly take a financial beating on the transition to New Zealand, Australia or Poland, but you'll live to see another day.
The title of that video says it all. "Police declare riot in Portland after union headquarters briefly set on fire." If they're occupied fighting off the left wing goons at their precinct houses and union headquarters, they're not likely to respond to your calls for help as other left wing goons pillage you house or business. Having guns will help, but how long do you want to live like that?
Given that the left wing goons have left wing goon political leaders supporting them, how many times do you want to gamble that you won't be carted off to jail for defending your property and life?
No, in a currency crisis, you'll want to leave.
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