Subject: OK - so now what?
There have been a flurry of posts from some who sound like their hair is on fire with sermons ranging from the coming of deflation, the explosion of the national debt and so on. We have Jim's taking a responsible position which finds the US "redundant" to his requirements (and personal ethics). We have Wendy's evaluation of current macroeconomics with surgical precision. And so on.
I've posted a number of times about how important it may be, should the worst come upon us (whether caused by a government shut-down, the explosion of crypto or any number of "movie plots"). The reason why black swans are identified that way is because they are never expected (other than a lucky few).
The US is currently embarked on a trajectory which is unique in its history (if my history books were actually telling the truth), but has plenty of pretty parallel analogs - both in the past and in the present. This has affected our internal politics, our rule of law, our treatment of both our trading and our political/military allies. The replacement of income tax revenue with a combination of tariffs (essentially a consumer sales tax) in parallel with cuts of services, both charitable and previously deemed desirable. I'm not going to enumerate the various changes made by the new administration, but rather ask what proactive actions can be taken to protect one's wealth (possibly by shifting assets) during potential future upheavals.
I've explained how my portfolio has (for decades) been largely been international in nature - in both equities and currencies. I know that, for possibly other reasons, Jim does as well. I'm wondering what the viewpoint of others is and I'm curious about whether they have addreesed the possible futures differently and, if so, in what fashion.
Jeff