Would someone with knowledge of high finance do that? Put as little money as possible into a highly depreciating asset that is the target of taxes, cops, and theft?

If you dont value the opinion of people with beater cars then why do you associate with them?

Also, regardless of your weird bias, he was right.

I don’t follow him directly but have seen him give interviews with other people that I respect and he’s not that bad, and semi well informed. He’s taught himself everything he could about banking and the financial system and is quick to correct his mistakes when he gives them.

Speculation on this scenario looks grave in all the ways it can play out. Beans, lead and silver. This is the way.

In my personal opinion, I think they will go down the same road I hear all other deeply indebted countries take. They print and print and print, until the currency goes the same way that Argentina did. Each politician thinking they can kick the can down the road just past their term, as they keep their wealth in land or other assets and destroy the dollar. Either that or some crazy strong conservative leader like hitler or putin comes along looks at the debt and just says "nope, not gonna pay it." The other countries and people go whaaaa? and the leader says "yeah, I got the biggest army, whacha gonna do? nothing, that's what."