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this post was submitted on 04 Jan 2025
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I don't pretend to be an expert but am I wrong in my understanding that when the crash happens, it'll ripple all across the world because of how tied to the dollar the entire world is? That's basically what happened in 08, no?
The real question I'm asking is: is there anywhere in the world to put money where it'll be safe or at least less affected, to mitigate the inevitable crash?
That will definitely be happening, and countries that rely heavily on trade with US will end up being dragged down with them. In general, I expect that BRICS countries will be better off while G7 ones will be worse off.
Amusingly, Russia might be the one country that's best prepared for this because of the forced decoupling with the west. China has also been working on creating a dual circulation economy. The strategy focuses on domestic market, or internal circulation, to adapt to an unstable international trade environment. https://chinapower.csis.org/china-covid-dual-circulation-economic-strategy/
Housing I’d guess.