[GFischer]

It is a bit paranoid, but then again, you've never been in a country that locks down money transfers, right? You still believe you can emigrate anywhere.

It's currently unlikely, but I suspect the U.S. could implement that much faster than you think if it keeps going downhill. It already implemented a ban on holding gold in the past, for example ( http://en.wikipedia.org/wiki/Executive_Order_6102 in place until 1974 ). It's not the scenario I envision, but thinking "The U.S. would never do that!" is naive.

By the way, I believe the original post had a reasonable suggestion... you could live like a king for your lifetime in, say, Uruguay or Costa Rica with 5 million (and those are reasonably safe countries). Yes, emigrating is a quite hard decision, but it is a possibility.

[rortian]

Keep in mind that 1974 was 36 years ago. I am working with a very different model of the world than you are I think. Capital controls exist in the world and some are quite harsh. However, no serious person is even close to advocating them (for wealth nations like the US). What problem do you imagine they would solve?