A war fought 11 years ago is spilled milk. Sure, there could be a 2nd round, but Russia is kind of busy now in Ukraine and Syria. I'm more worried about massive construction projects that could fail and damage the banks. Also, a lot of Azeri oil money gets laundered in Georgia. If banks are forced to clean their act, small clients get thrown under the bus first.
I agree GE and CY are both relatively bad. It is just that there is︀ less and less room to manouver. People who want low taxes and some privacy, can't︁ be choosy these days. They are being chased from the old tax havens in the︂ center of Europe towards the peripherical countries. I doubt many people go "all in" with︃ Georgia. In order to gain something (e.g. a tax residency), most risk just a tiny︄ percentage, something they can afford to lose. (I'm in Tbilisi right now, btw.)
As to︅ the actual topic: There are too many financial assets, and not enough real economy. Gold︆ and bitcoin are my bets. Even if gold lost its status as monetary metal, it︇ has many industrial uses. Hence it would maintain at least some of its value. Bitcoin︈ has already survived 11 years. It gets better established by the day (could still fail).︉ Mining reward block halving is just three months away. Less supply usually means higher prices.︊ The Achilles' heel of both is government action: Taxing/confiscating gold, taxing/closing bitcoin-fiat gateways.
Basically, if︋ the current financial system crashes, all assets are s**t. Even gold - supposedly a safe︌ haven - took a hit in 2008 GFC. Then again, I'm the guy who said︍ all countries are shitholes, so apparently my expectations are unrealistic.
