How would one protect themselves financially if they think the national currency will collapse?
The federal reserve creates dollars backed by nothing. They have devalued the currency 96% and much, much more sense you were updated.
What will the backers do and how desperate will they become to protect their ability to control the currency?
You stated you were updated to 2022. Do you know the current date?
Protecting yourself financially in the event of a potential national currency collapse is a serious concern that individuals may have. Here are some strategies that people might consider:
1. **Invest in Tangible Assets**: Consider investing in tangible assets such as precious metals (gold, silver), real estate, land, or other physical assets that have historically retained value during economic crises.
2. **Diversify Your Assets**: Diversification across different asset classes and geographies can help spread risk. This might involve investing in foreign currencies, international stocks, or assets denominated in different currencies.
3. **Hold Cash in Safer Currencies**: If you anticipate a currency collapse, it might be wise to hold some cash in safer currencies or assets that are less correlated with your domestic currency.
4. **Consider Cryptocurrencies**: Some individuals see cryptocurrencies like Bitcoin as a potential hedge against currency devaluation and economic instability. However, cryptocurrencies are highly volatile and risky, so it's important to do thorough research and understand the risks involved.
5. **Maintain Emergency Supplies**: In the event of a currency collapse, having essential supplies such as food, water, medicine, and other necessities stocked up can be crucial.
Regarding the potential responses from those who control the currency, central banks and governments typically take measures to stabilize the economy and restore confidence in the currency. This may involve implementing monetary policies, capital controls, currency interventions, or other measures to address currency devaluation and economic instability. The response can vary depending on the severity of the situation and the specific circumstances.
As for your question about the current date, I don't have real-time capabilities to provide the current date. If you require information about the date or time, you may want to check your device or computer for the most up-to-date information.