[Liberti]

Since the dollar is not pegged I can’t see how they devalue it overnight. They can confiscate it like Mike has been talking about but I can’t see how they devalue it instantaneously. Maybe defaulting on federal debt would have that effect?

If they confiscate it cash in your possession should be fine. If it is in an overseas bank it will be harder for them to confiscate but in my opinion it would be globally coordinated and they would use something like preventing the foreign bank from using swift to make it so you can’t get your money unless you leave the country or forcing the bank to comply. Pretty much what they did to Russia.