I just read some very "pleasant" predictions from Bloomberg regarding the economic status of my country. The article is here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agQF0X_OSyp4 I'm not pretty sure what does it mean when a country goes bankrupt. I think it's like the government won't be able to pay for pensions and other social guarantees. Is it really possible for a country to go bankrupt? Now, I am not an economist, but maybe there are some blackhat economists here, who would know what would be the best strategy in this situation. I want to survive this crisis with little loss as possible and of course - nice black hat profits . One thing I'm doing is keeping most money in $, so in case lat is devaluated, it isn't such a loss. Also another thing is that our unemployment rate and salaries are very low and people are losing job all the time I would like to leave country but I still need to finish my bachelor's which will be in ~July. I'm not really sure where to go, too, and don't have enough cash to just buy a mansion in Hawaii or something. I would like to know what you guys think about this issue.