No one can be ready. ALL assets , even ones held in your hand, are bought, stored or, traded, are redeemed in USD- when the “ unit of measure “ starts falling, you receive a double whammy. When inflation takes its chunk, the “ triple whammy “ occurs and feeds the USD decline.
My best guess, Argentina, here we come…..it started in 2001 for them-and like them- it will not collapse overnight….a series of crisis’s- inflation, currency devaluations, shortages, lock up of credit, bank failures, etc.
I don't understand people getting out of the stock market entirely and converting to cash. Inflation will surely eat away at your cash. As for gold and silver, it was mentioned in the article that silver was 60% off its alltime high. That doesn't seem like a great ROI though personally, I do have about 15% of my portfolio in a gold/silver IRA. I track that monthly and it's basically been flat for a long time while my stock holdings have averaged more than a 10% return over the years on an annual basis.
I still think I should keep about 60% of my portfolio in stocks (indexed to S&P 500). If all the companies in the Standard and Poor 500 went out of business, well, then we would have a lot more to worry about.