I understand this point but cash in the bank also has risks. It is being debased at 10-20% per year plus increasingly likely you'll have your account force closed.

The best way to make yourself resilient IMO is keep monthly outgoings to a minimum. No car loans, no credit card payments, no large phone contract, low rent or mortgage. Minimum long term commitments you'll have to find.

That way you won't need a large emergency fund and can keep less or none of your wealth in fiat. Fiat fwcking sucks.

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