I'm extremely bearish on the US dollar and stock market and am wondering what other people think about how to prepare financially for the medium term future. I don't there's any other way you can cut it: there's a debt crisis and, worse yet, I don't think the US will be able to convince bond buyers that they're serious enough about the issue to avoid a debt spiral. The fact that gold has cracked 4000 (almost 4200 now, with BofA setting a 5000 target) seems to suggest that central banks are similarly pessimistic about a financial collapse. What do y'all think about where things are likely headed?

I’m curious to get a read of where people’s heads are at regarding defence - be it innovation, funding or working in it in general (in particular in Europe but please contextualise with your country if you’re commenting).

Still five years ago, most people’s view was rather negative on it. I’ve seen attitude change significantly but I’d love hear opinions.