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<p>[QUOTE="Brett_in_Sacto, post: 2227291, member: 71510"]All interesting reading. It won't be a binary switch. There will be hints in the economy and people will flock to commodities (just like we do now). Then warning signs and people will flock again, then there will be sell-off of accumulation to gain back paper at a discounted rate.</p><p><br /></p><p>This will go back and forth until there is an ultimate collapse in the paper, and then people will spend commodities and barter with short term gain in mind - and no long term plan.</p><p><br /></p><p>When nobody can go to work and get paid - there will be barter for labor of all types. PM may reign for a while, and ultimately it will stay high because there will always be another emergence of government. Real world commodities will be the order of the day. Food, fuel, building supplies, communications.</p><p><br /></p><p>But the short term - people will trade gold and silver for food and shelter, and they will spend it readily to survive the next day. Those that can afford to accumulate and wait out the chaos will be rewarded when a new government emerges. Those with commodities and loyal labor forces will stay on top.</p><p><br /></p><p>I don't expect it in my lifetime, but if it does - what will really matter is our ability to survive without modern conveniences.</p><p><br /></p><p>I see all of the "pretty people" in the big cities that have no clue of how to hunt, fish, or even grow crops. No skills for simple self defense and survival. No ability to survive without some sort of iJunk device. </p><p><br /></p><p>It's good to have a bit of everything. Food, water, shelter, ability to generate all of the above - and the skills (and means) to defend it when needed.</p><p><br /></p><p>As an example, we have a vendor - and one of their employees is a self-professed vegan, does not drive (does not have a driver's license, uses public transit), no concept of machinery, spends his money on San Francisco rent, fancy clothes, and iStuff devices. All assets are on paper (stock, 401k), doesn't cook - says he likes to eat out all the time. </p><p><br /></p><p>This is all fine in a first world country... But when the systems around you fail, all the gold and silver he could carry isn't going to help him survive.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2227291, member: 71510"]All interesting reading. It won't be a binary switch. There will be hints in the economy and people will flock to commodities (just like we do now). Then warning signs and people will flock again, then there will be sell-off of accumulation to gain back paper at a discounted rate. This will go back and forth until there is an ultimate collapse in the paper, and then people will spend commodities and barter with short term gain in mind - and no long term plan. When nobody can go to work and get paid - there will be barter for labor of all types. PM may reign for a while, and ultimately it will stay high because there will always be another emergence of government. Real world commodities will be the order of the day. Food, fuel, building supplies, communications. But the short term - people will trade gold and silver for food and shelter, and they will spend it readily to survive the next day. Those that can afford to accumulate and wait out the chaos will be rewarded when a new government emerges. Those with commodities and loyal labor forces will stay on top. I don't expect it in my lifetime, but if it does - what will really matter is our ability to survive without modern conveniences. I see all of the "pretty people" in the big cities that have no clue of how to hunt, fish, or even grow crops. No skills for simple self defense and survival. No ability to survive without some sort of iJunk device. It's good to have a bit of everything. Food, water, shelter, ability to generate all of the above - and the skills (and means) to defend it when needed. As an example, we have a vendor - and one of their employees is a self-professed vegan, does not drive (does not have a driver's license, uses public transit), no concept of machinery, spends his money on San Francisco rent, fancy clothes, and iStuff devices. All assets are on paper (stock, 401k), doesn't cook - says he likes to eat out all the time. This is all fine in a first world country... But when the systems around you fail, all the gold and silver he could carry isn't going to help him survive.[/QUOTE]
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