So, let's say one wants to hedge against the worse scenarios here, a stock market and bond-market crash. Where do I put my pension?

Gold performed well in the 1970s - 1980s stagflation. That's why gold has gone up so much in the last few years - because people expect stagflation.

Real estate preserved value. However, I'm not sure that it will this time because population growth is not as strong as before.

you probably don't go all in, but try to find real assets that are not _too_ strongly correlated and are likely to have durable long term value. The most compelling answers I've heard are things like desirable real estate, commodities, or futures/contracts like water rights. Even then its not no equities, just a much lower allocation to minimize down side while still capturing some of the exuberant growth

Maybe gold? Crypto? Other economies like China or India?

skip the paywall: https://archive.ph/fWxBH

I was sort of hoping this would touch upon the other big experiment. The government is now buying shares in American businesses. It's telling businesses what they can and can't do about things like DEI, and wielding an enormous stick against those who don't obey. Trump's declaring that he'll be involved with deciding who WB-Discovery-HBO can be sold to.

I think, from an economic standpoint, there’s plenty of non-democratic countries that do this all the time and some of them do quite well. It’s more the end of an Experiment than the start of one.

>Trump's declaring that he'll be involved with deciding who WB-Discovery-HBO can be sold to.

This needs to be developed into a The Apprentice-style show where aspirants truckle before the king as they make their pitches.