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Hard Currency by AEB on 08-25-2007
Replacing fiat currency with a hard currency would stop the Government devaluing the dollar by printing money.
So the value of my savings and house would be protected?
The credit crunch would wipe out your savings, and the huge reduction in liquidity would lead to massive asset devaluations so you'd lose your house, but assuming you survived the shortages, starvation, riots and civil war, I'm sure the wealthly elite and gold rich foreigners who own everything would let you rent or share-corp.
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