My question(s) here are completely financial in nature, and I suspect there are many members of this forum who either 1. already have some of the information I am seeking, or 2. would appreciate at least reading about it. Toward that end I ask that any replies/discussion please focus on the logistics of moving and storing financial assets, not on any political side issues of who, why, etc.
In a hypothetical paradigm where the US dollar goes into a decline to the point where it is replaced by many/most other nations as the international currency of exchange there would be serious consequences to savings and investment accounts that are held inside the US...regardless of the nature of the investment. At a minimum their value would fall, and at a maximum they could disappear. At least that is my concern. Historically governments have frequently just taken the assets of citizens when hyperinflation presented the government with the option of collapse or confiscate. My history is marginal, but I believe that's what happened in Yugoslavia, and might well have happened in Greece this year had it not been artificially propped up by outside monies. In any case....I don't wish to debate that here, but for myself I accept the possibility of at least some private asset confiscation (either directly or indirectly) as a possibility in this hypothetical paradigm.
My first response in preparation to such a circumstance would be to store a reasonable amount of necessary consumable goods, but one of my next responses would be (with my current limited understanding) to move some financial assets out of reach of the potentially desperate government whose currency could be in collapse. Finally I come to my basic question....I'm looking for first-hand (or very close "friend of a friend"
) information about establishing a savings/holding account of some sort somewhere not just out of reach, but not even reportable (is this possible?) to the gov. I'd certainly appreciate hearing from any of you who might know the basics of what is possible in this area, as well as how one might go about it. Thanks in advance for any information.
In a hypothetical paradigm where the US dollar goes into a decline to the point where it is replaced by many/most other nations as the international currency of exchange there would be serious consequences to savings and investment accounts that are held inside the US...regardless of the nature of the investment. At a minimum their value would fall, and at a maximum they could disappear. At least that is my concern. Historically governments have frequently just taken the assets of citizens when hyperinflation presented the government with the option of collapse or confiscate. My history is marginal, but I believe that's what happened in Yugoslavia, and might well have happened in Greece this year had it not been artificially propped up by outside monies. In any case....I don't wish to debate that here, but for myself I accept the possibility of at least some private asset confiscation (either directly or indirectly) as a possibility in this hypothetical paradigm.
My first response in preparation to such a circumstance would be to store a reasonable amount of necessary consumable goods, but one of my next responses would be (with my current limited understanding) to move some financial assets out of reach of the potentially desperate government whose currency could be in collapse. Finally I come to my basic question....I'm looking for first-hand (or very close "friend of a friend"
) information about establishing a savings/holding account of some sort somewhere not just out of reach, but not even reportable (is this possible?) to the gov. I'd certainly appreciate hearing from any of you who might know the basics of what is possible in this area, as well as how one might go about it. Thanks in advance for any information.
