I want to consider a special case of this question (so not a duplicate, in my mind, but forgive me if that's incorrect in the eyes of moderators). What happens to my savings if my country defaults or restructures its debt?
There's a lot of 'what happens if my country has a sovereign default on its debt.
My question is more specific: What happens if the US has a sovereign default on its debt, on a global scale, since the US dollar is the global reserve currency and essentially the center of the international market? How does that play into my 401k and IRAs even though they include many international funds? How does this affect my ability to trade stocks and mutual funds through US brokerages (like Edward Jones, or Vanguard for instance). In conjunction with that, in the event of a default by the US, is there any way to hedge your investments against such a catastrophe since the US is the center piece of international trade?
I'm going to piggy-back another question off of this one: What happens to my investments and my ability to trade stocks if the US dollar's status as the international reserve currency is reviewed and moved off of that status to make another commodity or currency the reserve currency? What implications would that have for US citizens and their investments?