Free Republic

July 04, 2014DailyWealth Dr. Steve Sjuggerud writes: So... if the dollar "dies"... what do you do with your money? In yesterday's DailyWealth, we looked at "The Coming Death of the Dollar." But we didn't cover what you should do with your money to protect yourself. In Jim Rickards' book, The Death of Money, he has five recommendations. More specifically, he has an asset allocation of five different investments that have stood the test of time in previous inflations and deflations. Jim says this portfolio should offer "an optimal combination of wealth preservation under conditions of inflation, deflation, and social unrest......

Admittedly it is Rare that entire economies are destroyed to the point that they are replaced I did say Rare not impossible. Generally the causes are hyper inflation or external forces i.e., War. But it does happen. Here are some examples. Germany Weimer Republic 1922-1923 Hungary 1945-1946 Chile 1971-1981 Argentina 1975-1992 Peru 1988-1991 Angola 1991 - 1999 BRIC countries may shun dollar... Tracking The Second Great Depression So far, the collapse of the world economy since mid-2008 has been worse than it was in the Great Depression. In fact, one glance at the fall world output, trade, and stock prices...