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Lawjarp2 t1_j2cdouo wrote

Reply to comment by cristiano-potato in Plan For the Singularity by tedd321

Society need not collapse if money is unstable. Turkey with 80% inflation right now is a great example of savings and companies going down but society still functioning.

Being self sufficient goes a long way in such scenarios. Grow your own food or stock up on them, have your own water recycling, and a home ofcourse to do the same.

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cristiano-potato t1_j2cdw7r wrote

That’s fair. If money permits, having a safe place away from the city and the knowledge and tools to be self-sustaining is good. Many families simply don’t have the time or money to do that, though.

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TheRealMDubbs t1_j2cy3tm wrote

That's why you put it in stocks.

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Lawjarp2 t1_j2d0pv0 wrote

Not all companies are immune though. Besides my point is investment, in the way we think generally, may not hold good in adverse situations. Stocks will be at their lowest in a crisis, not a great hedge if you want to use them in turbulent times.

There are ofcourse assets and companies that will do well in the same period. But such investment shouldn't be the only thing you do.

I would say,

Be in a stable country>be as self sufficient as possible> invest. Not all countries will be kind to it's useless citizens.

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DBKautz t1_j2d3lfn wrote

In all countries that I am aware of, a stock is also equity in a company. It is a way to deal with the "who will own the AI?"-question.

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