[Politically Correct]

Coming soon to your bank.....
Where will you run to?

[KarlInOhio]

The Europeans in the financially weaker are in a special situation where their current currency will still be legal somewhere close by if their own countries create new currencies and immediately devalue them after all the bank deposits are switched over. We don't have that luxury so we would have to buy hard commodities.

The best way to handle inflation/currency devaluation is heavily leveraged real estate: buy more property than you can afford with as much borrowed money at a fixed rate as possible and then wait until currency devaluation makes your payments cheap (in some countries, people ended up paying more for postage to mail in a house payment than the payment was). The only problem is will the current government hold a mortgage contract sancrosanct, or will the contract suffer from a forced revaluation to protect the banks: sure your mortgage was $250,000 - but it is now $25 million because we don't want the bank to suffer. Now start paying. That would be the opposite of the opposite of the current short sale/cram down actions on reduced property values.

[Soul of the South]

“Coming soon to your bank.....
Where will you run to?”

If I knew, my money would already be there.

[edpc]

It really boils down to clean water, food, and weapons. I’d like to think it won’t ever come to that, but who knows.

[cuban leaf]

The idea is to keep all your money at home but owe tons. That way you can be one of the ones that “shuts it’s doors”.