Supposing the USD devalued by over 50 to 70% in a year's time, after endless attempts to save a collapsing world consumer credit economy, we may see: [/quote]long list, including:
- Many new governments worldwide after revolutions during economic collapses and or wars. Democracies falter worldwide, and more authoritarian governments appear to deal with the chaos as the democracies enter paralysis.
In case you think these outcomes are exaggerated, these are the things that happened after the French Revolution, the fall of the Roman Empire, The fall of the Spanish Empire, the Fall of Byzantium, the fall of the British Empire… etc. The fall of the US economic system, the world USD system, and the US as a superpower won't be any different. Also, a lot of these outcomes happened during and after the Great Depression of the 1930's. That all happened commensurate with the decline and fall of the British Empire and Pound that dominated world economies for 200 years, and eventually led to the USD system taking prominence after WW2 and the USD was used to stabilize the European currencies during the war.
another list, including:What will any saver in the world do?
- You must toughen yourselves, regardless of your age or position in life.
If you do these things, you may survive without terrible hardship. But you will find some kind of hardship regardless, because that is what these kinds of times cause for anyone on the planet. You are going to have to tell your loved ones to do the same too. Families will most likely have to live together to survive. You are going to have to tell loved ones ‘no' at some point if they insist on remaining in the same level that USED to be. This is all happening as we speak.
Then, hopefully, the world regains its economic footing. This all happened worldwide in the 1930's depression, and it lasted 10 long years.
I am always thinking what can we (I) do to mitigate the shite that is no doubt coming..... I am seriously considering borrowing some money to invest in Gold - is this stupid, crazy, sensible, irrational? (Read the article before responding please.) I am more and more convinced we will move into recession and then depression - we have VERY tough times coming - I think much worse than any of us have every experienced. 
