If that doomsday scenario happens, will it help if you have heaps of paper money? I don't think so.
Sentiment: NEGATIVE
Politically speaking, it's always easier to shell out money for a disaster that has already happened, with clearly identifiable victims, than to invest money in protecting against something that may or may not happen in the future.
I do know that throughout history, all paper money has eventually come back to its true value, which is zero.
You could be worth $2 billion today and a half a billion tomorrow. It doesn't take much for this to disappear overnight.
I think money is due for some sort of collapse. People are going to realize that money has a half-life, like radioactive elements.
Apocalyptic hysteria is much more effective at getting people to open their wallets than reasonable commentary.
I don't know what the future holds. Anything is possible.
We need to take command of the solar system to gain that wealth, and to escape the sea of paper our government is becoming, and for some decent chance of stopping a Dinosaur Killer asteroid.
Some doomsayers think the collapse will be triggered by runaway government spending, excessive taxation, oppressive regulation, food shortages, fuel shortages or natural disasters such as deadly pandemics or lethal changes in the world's climate.
Money has a way of trumping even the gravest of enemies over time.
There's lots of things that can be solved with cash.