If you had a time machine and could go back to Argentina before the crisis

[mahina]

what would you do?
If you were a business owner, would you liquidate and buy real estate? Bonds? What?
Since our Dear Leader is following the Argentine economic model, I thought you all might have some good ideas gleaned from Argentina's economic history.

[ret5hd]

1. buy gold and silver now

buy real estate for cash after the realestate market crashes
buy bonds (probably chinese bonds) after the return on them reaches 15-20%

[German-Lefty]

2. You can't just live hide!

Buy gold, leave the country, huddle in some small cave until everything passes. LOL. That's a common response.

Some people have to run a business and live life. You probably wouldn't know exactly when the currency was going to pop. If you did you could make millions on international currency markets.

As an individual that can't leave. You could make sure that your funds and peoples' financial commitments to you are denominated in something else. Of coarse that's what many people did in Argentina and that made it all come down faster. People traded their Pesos for USD bank accounts in Bolivia. The other thing you can do is take less risks, and there too if a wave of people do it, it can increase the problem.

I sometimes wonder about the financial disruption/damage a small group of people can cause as a political weapon. Imagine if 30% of the population in the US went to their bank withdrew everything. "No thanks I'll do it all with cash this month." The FED could try to mitigate to keep banks from going under, but it would have a hard time exactly counteracting the sudden shock to the money supply. I think you'd wind up with a huge recession. Of coarse you're screwing your own economy, but it's a lot more peaceful than a revolution. A large minority can bring the whole system to a halt, if they're really motivated and willing to deal with the consequences themselves.

[sendero]

4. I agree..

.... life goes on. But those who take NO precautions are really foolish IMHO.

[DavidMS]

3. Buy hard off-shore assets denominated in hard currencies

Ie. Swiss Francs, Euros, Yen, etc. Because if the dollar falls there will be apprecation of value of the curency irrespective of the asset's performance.

Also concider a fund such as the Merk Hard Currency Fund. http://www.merkfund.com/

However my best advice is to discuss yoru concerns with a financial professional. He or She can help you do portfolio management and perpair for such an occurance.