Save and Loose

If there is any doubt that you are NOT totally on your own at this point, playing against the house ( with respect to your finances), read this from Zero Hedge link.

If you save - you are playing against the house.
If you invest - (L Term) you are playing against the house.

In real terms you are baked, your only hope for alpha is to grab a volume on financial engineering, derive complex strategies picking at the fat and momentum of overvalued derivatives. There appears to me to be a totally new fundamental variable in all markets a 3rd presence - the machine, for retail investors (strike that quants), inertial oscillators that measure pressure against support resistance levels on momentum work very well - ferret the risk away with you favorite hedge trick.

It's amazing to me how readily smart people criticize with out offering alternatives. The all is not lost, we can use the same statistical measures to create a cash equivalent strategy (inertial oscillators + support resistance levels on momentum).

The assumption that must be taken de-facto is that this is a monetary event (regardless of political view, your political view at this point should be politics of survival). The goal is to balance the risk R over the G/S ratio over cash (S Term T yield), this will yield a fraction, the remainder will be the balance of cash you should hold in a local bank depository account. The trick is to have this number cover monthly expenses. The G/S ratio less the trade premium tells you if move from G to S that month.

You need to use the HSBC account hack to avoid bank charges. The key is moving the budget amount inflation adjusted from the G/S holding leaving the remainder. Your monthly goal should be to go through your statements each month and looks for services to cut. Do you really need a Netflix account? Based on the number of new release this year does it make sense to carry the premium subscription.

Don't know, what I do know, is that NetFlix is betting on you being a total analytical moron and you will keep paying the premium for a service that has dwindling supply (spread sheet to follow).

Once you cut a cost adjust your budget to reflect the number. Why does this work? All currencies are falling in real terms, what you want essentially is to freeze the float. Your float then stands a chance of protecting your purchasing power.

Consider the alternatives (S Term Tbills, MM, T only MM (obsoleted), (S Term) FX CDs). Liquidity is an issue so (FX CDs, S Term Tbills) are out. This is just one quick look at a single option, it's a pain, it's a lot more work but if you do nothing you are guaranteed to loose, you are playing/gambling against the house.