If that is true, then buy physical assets which are easy to sell like gold coins. In the end this paper money would be wipe out, even if gold would drop during begining of this crisis becasue of "sell everything". Then, all "paper ETFs" would be gone and gold or silver could rise like 10 to 100 times. Who knows.
But this is the case if you believe in total reset. I heard this story too many times to believe. I still think they will handle that, maybe from lower levels. Their ammo is unlimited. For me, Japan is the front runner. They have like 240 % debt to gdp ratio and still manage to keep their economy afloat. So what will happen to Japan will happen to eveyone in the end. US has low debt to GDP levels when compared to Japan. Actually Im more affraid about Italy and other south countries. After changes to policies ECB has room to print till 2023. There was a problem with CB capital (hit limit on germna debt), but they change the limit last month. So they could print an buy italian debt till 2023.
At the moment since 17 march I have 15% of my portfolio in stocks. Already have 40% increase. I invested in hard assets stocks like gold miners, telecoms.
Im thinking about going long with 50% of my retirement money. Its like 2009. The questions is - whether its too early since GFC lasted 1,5 year. But that was different story. FED acted after 1 year. This time they did it very quickly.