If you are truly afraid of default or hyperinflation (which would be pretty much the same thing), you should be doing exactly the opposite - draw as much credit as you could, do not hoard cash and otherwise ensure that you have as much real assets as you can.
I have nothing more to add. Occupy Wall street would do well to study at a microscopic level this post.
Intelligence has no race. I am sure there are a lot of Chinese smarter than me, you, and other folks around here. Great minds are from all nations, races, religions, etc. All humans are gifted with great creative brains.