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He let them use the n-word again without getting embarrassed. That's what they love him for.

Why are we typing Trump as tRump though?

Back when I lived in Britain working as a freelance ITer in the Finance Industry, after the 2008 Crash and from pretty much a front seat seeing how the authorities there managed the whole thing I lost trust in Britain and the British Pound to safely hold my savings, so kept moving any money I saved out if it, first to Euros (as I was an immigrant there and still had a bank account abroad) and later also to Gold.

Fast forward a few years and when the Leave Referendum results came out and the British Pound tanked 20% in a week, I had only about £2000 in British pounds, having even moved most of the leftovers of my savings out of the pound before the results came out "just in case".

So my own anecdotal experience is that when a country's economic and social stability starts showing cracks whilst the politicians in power are mainly concerned with their own wealth and that of their mates, it's best to at least move a fraction of one's savings out of that country's currency, possibly even out of the country itself (I did both, though my situation was unusual in that as an immigrant in Britain I naturally had a bank account outside Britain).

Don't. Remember the classic

markets can stay irrational longer than you can remain solvent

That's a surprisingly more complex question that it seems.

Which money? Dollars, Euros, Yen, something else?

Unless you're a professional investor, it really depends on which currency you spend for your day to day or big ticket items.

So first I'll answer a slightly different but related question: "How do I protect myself from this if I'm American?"

• Move your savings/investments to assets which are not denominated in USD (for example, stocks in a non-US stock exchange), open a bank account which is not in USD (I believe that's possible in some banks in the US) and convert your savings to that currency and deposit them there, buy Gold (thus in practice converting you savings to a ancient currency not controlled by any state). That is, if you have savings. If you don't, well, you'll mostly have to weather it: concrete non-perishable stuff has the same utility value no matter what the dollar value is, so your home is your home (if you're lucky enough to own it) thus its worth to you is the same whatever it's supposed dollar value is, and as others said "canned goods and cigarettes" too keep their value no matter what the USD value says.

As for how to make money from it, as somebody else said, "forex gambling", more specifically derivatives on cross-currency pairs such as Futures on USDEUR. However that stuff is risk: Will USD hyperinflation really happen or will it be something milder? When will it happen, precisely? Derivatives move like crazy and things like Futures can result in margin calls (basically you have to give them more money) if they move against the direction you're betting,

Back when I lived in Britain I avoided the 20% crash of the British Pound from the Leave Referendum results by having most of my savings in Gold and Euros, so in pounds it could be said I made a 20% profit in a couple of days (basically the week when the results came out), though now I'm in the Eurozone and, not even being a Briton have no relation to that country and don't actually care about about the value of my savings in British Pounds, so that week I didn't really made any profit in Euros. That said, over the years (the money is still there) that investment in Gold has gone up in value quite a lot even in Euros.

That said most of it was the product of me simply distrusting Britain and the British Pound as a safe store of value hence already keeping a big chunk of my savings outside it, though I did move some more just before the Leave Referendum results came out just in case.

So in summary: just getting your savings out of the USD merely to another currency will protect them, whilst Gold over the long term will probably make you a bit of profit (certainly in USD due the mismanagement of the US Economy). Big profits can only come from forex gambling, but so do big losses as derivatives are much more risky that just holding the underlying assets (in this case, some foreign currency you bought with dollars).

Put most of your US dollars into non-US currencies or valuables, such as cigarettes, canned food, or gold.

Back in the Weimer Republic, outsiders from France and other countries would regularly cross the German border to buy food, carouse, or to buy up things like grand pianos for their version of $100. America's middle class may have most of their belongings ending up in Canada and Mexico.

Probably by hoarding some USD. Financial advice on Lemmy works pretty great if you do the exact opposite of what the highest upvoted people are suggesting.

This place is the opposite of accurate information when it comes to global finance.

Forex gambling