I don't expect to see the complete failure of a currency, particularly the US Dollar. (unless the Nation falls apart with civil war)
I recall reading somewhere that the US economy is worth 15 Trillion. If the worse happens and the Government finish up pumping in $5 Trillion, then the currency will depreciate 30 %
This looks to be a reasonable scenario over say 5 years, so expect the price of Oil to be trading in the range $150 to $220. (add a bit for supply problems) Gold to be in the range $1000 to $1300. Wages will stay much the same and the USA will have a 30% lower standard of living.
We can live with this, but the worst of it is that the prudent suffer nearly as much as the fools.
Thank you, Bankers.
Anyhow, buy Oil and Gold. Keep a bit of cash. There will be real bargains in Real Estate.
