There is no special currency I have in mind. I just try to spread in every currency as good as possible. This is more a︀ "believe" thing.
Most is in CHF, USD, PLN, GBP, YEN, RMB, AED whatever.... . Best︁ example for the believe thing is the GBP. Some say it will crash because of︂ the Brexit, some think it will raise because of the Brexit. Hard to tell. I︃ guess the brits have a lot of smoking guns. If the EU won't do favorable︄ bilateral treaties they will just become an even bigger tax haven collecting all the money︅ from the EU companies. This is quite a realistic scenario. Anyway, if it falls, some︆ other currencies will cover the loss. I primarily don't care about currency profits or losses,︇ I care about a diversified structure, to be able to act in case of a︈ massive Euro crash. It's just a game of possibilities, maybe the crash will come in︉ 5 years, 10 year or never, don't know, but I want to be set in︊ case of the event.
Of course there is no perfect way and opinions differ from︋ individual to individual a lot. And sometimes unforeseen circumstances happens which make all calculation and︌ planning obsolete. So all I do is to diversify as good as possible.
Personal opinion:︍
Crashes are normal and needed. But In my opinion the next crash will be very︎ very bad. All depends what the politicians will decide. Will they ban gold? Will they️ implement a new gold standard? Will they put forced mortgages on real estates to back a new currency? I don't know.
However the thing I fear most is that we reached a level of technology which made humans literally obsolete. Ok, I will do some more examples. Most people argue with sentences like "but there will be new jobs". But as an IT guy with a little bit of expertise I can say that there won't be as much new jobs as they think there will be. How the hell will they teach truck/taxi drivers and low qualified staff to work in the "new jobs"?︀ The new jobs will require quite a high skill. And even they start to become︁ obsolete already. Best example. 10 years ago I was programming line by line and it︂ took ages to write some nice code. Today the tools became so good and fast,︃ that you can literally just take a few libraries from github which can do almost︄ everything genericaly and I can do a program which would have taken me 7 days︅ to code 10 years ago within one hour. There are even compilers which completely work︆ by drag and drop which will one day even make coders obsolete because when they︇ start to work correctly one "coder" can do what 5 did (compared to today). Best︈ example is web development. 10 years ago you had 5 guys working on a website︉ building it from scratch because CMS were so bad and you couldn't manage them without︊ HTML, CSS, PHP knowledge. Today??? Get wordpress, visual composer, elementor or divi and built a︋ website via drag and drop as a one-man-show. Even worse then this, the client will︌ later be able to change content on his own, so less orders afterwards.
If you︍ take this into account and have a look on rising expectation of life and growing︎ population. How will all these people have a job one day? In my opinion the️ system right now can only work if human labor is needed.
I think a lot of people don't think IT and AI until the end. They see the short term benefit in first line. To make this a little more understandable, look at the following example. Self driving cars. Most people just think about the taxi/truck drivers. But it goes soooo much deeper. Self driving cars mean no accidents (one day), means no aftermarket for spareparts, no garages with repair services. They drive more "fluent" in perfect vibration harmony so the tires don't get used off so quickly, the roads won't get damaged so quickly︀ because of less rubber on the street and cars will have the perfect space inbetween︁ so the road is not as much used. When self driving cars are reality they︂ won't just drive in one line after another, they will be able to drive diversified︃ to save the roads. Means less damaged roads, less maintenance. Self driving cars also means︄ that there will be a "car cycle" so not everybody needs a car anymore because︅ there will always be a car available near by. This will reduce the overall car︆ demand. This will bring up subscription based car sharing which will make the manufacturers produce︇ high quality cars which don't break quickly because the car becomes the asset of them︈ and not of the client, therefore cars will have a much longer lifecycle which will︉ again lower the overall supply. As becoming an e-car manufacturer will be easy for billionaires︊ as the factory will produce them almost automatically the oligopoly will shift to a polypole︋ resulting in crazy low prices for the subscriptions.
This was just a short example of︌ self driving cards. Now think about other industries, like delivering industry via amazon drones, shops︍ without staff, customer service chatbots, personal assistance via AI (go on youtube and search for︎ "google assitant making phone call" ). This is not science fiction anymore. This all will️ hit our personal lives very very soon and in some parts it already did. I have no idea in which jobs normal qualified people will work one day, sorry. Maybe just being slaves for the (offshore) elite, hahah.
IT and AI is the box of Pandora. And I tell you this as someone who has been working in IT all his life.
@Admin thanks for the book recommendation. Will read.
//Edit: Thing I desperately want to add: The most people don't have the IT expertise to imagine what is coming. All the politicians and people you see on TV or in newspapers are certified morons.︀
