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<p>[QUOTE=&quot;fatima, post: 838596, member: 22143&quot;]I don&#039;t think a financial collapse necessarily means complete anarchy and collapse of society.&nbsp; It would mean that people&#039;s plans for the immediate future are trashed and most likely would mean a change in civil rights, etc.&nbsp;&nbsp; Most likely there would be some sort of marshal law established at the local or state level then recovery takes place from there.&nbsp;&nbsp; </p><p><br /></p><p>In a very short while, they would issue some sort of new currency.&nbsp;&nbsp; There may or may not be a conversion from the old currency but if so, you can bet it will be pennies on the dollar.&nbsp; (or maybe even fractions of pennies)&nbsp; However eventually this money would be tradeable in gold and silver, as money has always been, and those holding it will have their wealth preserved.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>If you want a very recent example of this, look at North Korea.&nbsp; The government a few months ago, issued the &quot;new&quot; Won and people had a week or so to convert their &quot;old&quot; Won at the rate of 100 old to 1 new.&nbsp; This sounds innocent enough except that Kim Il Sung&#039;s government put a limit of the total amount that each party could exchange.&nbsp;&nbsp; Initially this was limited to 100,000 Won.&nbsp; It was later raised, but it had the effect of wiping out the accumulated wealth of a lot of people.&nbsp;&nbsp; The reason for this was stamp out the black market.&nbsp;&nbsp; It was those holding their money in other currencies or gold/silver that were protected.&nbsp;&nbsp; </p><p><br /></p><p>There have been plenty of currency collapses in in the last 100 years and rarely has it been accompanied by complete civil breakdown.&nbsp; It has led to all sorts of other bad things such as the rise of dictatorships, breakout of war, etc.&nbsp; However in every case, it&#039;s the people with gold and silver that avoided a lot of the financial calamity.&nbsp; And I mean they had physical possession of it.&nbsp;&nbsp; </p><p><br /></p><p>I&#039;ve often heard the excuse from people who dismiss the holding of gold because they ask &quot;what&#039;s the point?&quot;.&nbsp;&nbsp; They make the argument that if it is ever needed then we have Armageddon, but it never works that way.&nbsp;&nbsp; The modern reason for holding gold and silver is to insulate yourself from the decisions of idiot politicians and greedy CEOs of finance institutions.[/QUOTE]</p><p><br /></p>

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