The Fall back-to-business season brings a flurry of market projections. Though rarely predictive, that’s not a serious problem so long as ‘normal’ business cycles endure, since they’re modelled on recent history and lived experience. But evidence suggests those bounds might be breached as never before, including Federal debt and interest expense passing a tipping point beyond the ability of monetary policy or economic growth to contain, threatening grave monetary inflation. Other systemic threats even endanger the U.S. dollar’s reserve currency status. Reality might shortly differ drastically from projections and prior experience. Sounds extreme, right? How to prepare for a disastrous scenario that is plausible, but not certain, without foregoing the historically expected portfolio return? Contingency Investing. That requires assets and sectors absent from the index-based allocation building blocks. We’ve covered royalty companies as one index-unavailable instrumentality. Today we review a close cousin: Securities Exchanges. They thrive during economic and market turbulence; hold unparalleled diversity of economic and geographic exposure; and are dramatically more profitable than the indexes’ look-through economics. Importantly, they also provide diversified, de-risked exposure to blockchain technology as an emerging, disintermediating new technology that is also outside the indexes.