Bonds Don't Protect You in a Collapse of an Economy

If the stock market were to fail, then we should be prepared for a world in which there was a complete collapse of the financial system. But eye, bonds don't protect you in that system. What protects you in that sytem is living in a securigated neighborhood where you know your neighbors and you form a a homogeneous group who trust one another. That's what protects you from a collapse of an economy. The other option is leaving the place where there's a collapse and going somewhere better.