DWB

Well, maybe. Do a very basic walk through on a "worst case scenario." No telling if the worst will happen, but for the sake of being prepared, say it does.

Lets say you wake up tomorrow and the USD has lost most of its value. What happens next?

1) There will be a run on the banks. Everyone will want whatever cash they do have that is sitting in the bank, be it $300 or $300,000. But the bank may as well be handing out toilet paper. But there is a better chance they won't be open at all. And if they are, they either won't have money to give everyone, and the money they do have is now worthless.

2) With the collapse of the currency, all the other items you use in your life did not crash with it. Instead, they just got REALLY expensive. So what little money, if any, that you do have, it doesn't buy much. So how do you eat, pay for fuel, pay your car payment, insurance, pay your rent / mortgage and taxes? Oh yea, banks and the IRS are still going to want to be paid, as shitty as that may be.

How will you function with money that is hardly worth anything and everything around you is too expensive to buy?

So now what? You sit around broke until someone comes up with a solution to get everything back on track again. Maybe you've lost your home and your car. Where will you be living if you do?

Were you lucky enough to keep your job to at least have a little bit of money coming in? If not, you're doubled screwed. Chances are you will lose your job.

3) Everything is finally getting back on track. Whew. Be it a new currency or due to hyperinflation they print new bills that are 1 Million Dollar Notes. However, it now costs 2 Million USD to buy a gallon of milk. But if you lost all your dollars already, how do you get your hands on such large notes in enough quantity for you to keep on living your life?

And what if a new currency is introduced? How will you get your hands on that? No one is just going to give it to you. Your bank isn't going to give you what you lost in a new currency. You won't get any unless you have something that you can buy it with or trade for it. That means you now live in poverty and there is no more middle class. Only those who prepared or were lucky enough to have some sort of assets to trade for this new currency will be getting any of this new currency. Of course, criminals would also be getting some of it because they will be stealing it from those who can not protect themselves.

So where will you end up if such a thing happens? It will be a soup line and shelter for many. Not everyone of course, as many will be prepared and many fat cats will know how to profit from it all, but if you don't know what to do and do nothing, don't prepare at all... that is the type of person who is probably going to lose everything.

Of course it may not be a worse case scenario and everyone will be fine. But if you look back in history, these sort of things happen and they happen fast without warning. The good news is, the countries always rebound even after a total meltdown. But those who lose it all in the process, are still left holding their ass.

Just go back and look at history if you want to know what will happen.