Dan @Trainer Dan - 2y
Hypothetical scenario: Cascading failures in the US banking sector result in the complete cessation of all banking activity. Money cannot be moved, deposited or withdrawn in the US and all other dollar-dependent nations. Credit cards and checking accounts are all frozen. Mainstream (government compliant) crypto exchanges either shut down or experience catastrophic runs as depositors attempt to pull crypto assets and place them in cold storage or convert to Bitcoin since that network is unaffected by the banking collapse. The government says it will solve the crisis but all citizens should expect for the next 7 days to be unable to access any assets held in banks or online trading platforms. QUESTION: with the resources currently at your disposal and with your financial assets arranged as they are at this moment, what would you do to survive and even thrive in the scenario described?
