As a devout lover of stocks (again, I'm not Cramer, just an individual guy who likes to buy small stakes in quality companies), part of the reason I invest is that I see my money as actually safer being put into, say, a blue-chip megacap stock that I trust. Now I don't entrust all my money to just one company, and I don't just buy them willy-nilly. But my investing thesis is that my actual US Dollars are safer being turned into small parts of quality organizations as opposed to depreciating by inflation in a bank account. (Although the 5% plus online bank accounts nowadays are pretty nice.)
Part of my theory is the confidence I have that if the US dollar goes absolutely dead, ala the mexican peso, I will still own shares in certain companies, and those shares will be worth something in some sort of denomination, whether it's euros, yen, yuan, pesos, or a New american dollar.
The question is is this confidence unfounded? What happens to my shares of a company if the US dollar completely goes away? (Assuming that the company I owns is still around after such a disaster)
Part of my theory is the confidence I have that if the US dollar goes absolutely dead, ala the mexican peso, I will still own shares in certain companies, and those shares will be worth something in some sort of denomination, whether it's euros, yen, yuan, pesos, or a New american dollar.
The question is is this confidence unfounded? What happens to my shares of a company if the US dollar completely goes away? (Assuming that the company I owns is still around after such a disaster)
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