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Error comments on US default as a risk to mitigate - Less Wrong Discussion

2 Post author: bokov 15 October 2013 04:41PM

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Comment author: Error 15 October 2013 05:44:31PM 2 points [-]

Germany might be a good bet....everybody speaks English, too.

Do they? That's interesting. I have a short list of countries to flee to if the U.S. gets too objectionable ("objectionable" deliberately unspecified) for me, but requiring English as a ubiquitous language is a serious limitation. Adding to that list is nice.

With regard to a potential U.S. default, I have no special plans because I have no significant dollar-denominated assets to protect. I'm not that well versed in what the fallout would be like, but I'd think the most likely threat to me personally would be unemployment, and I'm not sure there's anything I can do about that except save money.

But I predict that the U.S. will not default -- at least not this time.

Comment author: bokov 15 October 2013 05:49:43PM *  4 points [-]

But I predict that the U.S. will not default -- at least not this time.

I do too, for what it's worth. I also predict that I will not die or become uninsurable during the coming year, but I pay my ALCOR dues nonetheless.

I suspect that this is all political theater, but in any ritual combat there the inherent risk that someone will miscalculate and things get real faster than anybody is prepared for.

Comment author: MrMind 16 October 2013 08:31:16AM 2 points [-]

Upvoted for the poignancy of the analogy.

Comment author: ChristianKl 15 October 2013 09:47:26PM 2 points [-]

Do they? That's interesting. I have a short list of countries to flee to if the U.S. gets too objectionable ("objectionable" deliberately unspecified) for me, but requiring English as a ubiquitous language is a serious limitation. Adding to that list is nice.

It depends a bit where you go in Germany. If you want to spend your time in small towns German might be more important.

I live in Berlin and I know a bunch of people who live here that speak English but no German. They do quite well without German.