What Will Happen To You (if) The Dollar Collapses?

[hawk-eye]

OP. This is just a conspiracy theory. You must be a racist homophobe trying to undermine the president. At best an extremist and at worst a home grown terrorist.
You belong on the Southern Poverty Law Center's Hate Watch web site and singled out, demonized, arrested, and charged under the patriot act.
Sarcasm off.

Truth does not matter anymore. Just keep your heads in the sand and let the government take care of it.

 

[strider12]

14,000,000,000,000 stacked $1 bills.

View attachment 426742

If you tried to pay that off a million dollars a day going back in time you'd be well beyond Aristotle.

 

[500mag]

"Truth is treason in an empire of lies"

 

[Bulldog Man]

I am just going to buy more ammo LOL

 

[IMaDad]

gold, silver, brass, lead, platinum.

Beans, bullets, bandaids, bullion

 

[IMaDad]

what will trade the most in the first month or so will be (my guesses):

Clean water
Water filters
Food
Antibiotics
OTC meds
Guns/Ammo

With no cash or cash value, there could be very few people going to work. So I count on VERY unreliable utilities.

 

[Bear44]

Gold and silver are used in a bunch of production, they have value

Also they have scarcity, unlike dollars which can be burned and the value isnt affected

Also, while a farm may be valuable, try pocketing the farm and buying something with it lol

It might be primitive but so long as people exist, gold and silver will have some value

The value placed on gold and silver is WAY beyond their industrial worth. The point is, they have little intrinsic value themselves. The only value scarcity creates is that of novelty. Why are certain rare weapons so highly valued when common modern ones do the job better? The only reason diamonds have high value is because the monopolies that control their mining limit how many are released onto the market.

Gold and silver are a symbol of wealth, just like paper money is. The only real difference is that their value is universally recognized and determined by the opinion of their buyers and sellers. But wait, the same is true of paper money.

The only time real value is traded for real value is barter for services or goods. That is impractical, so symbols of value are needed. All I'm saying is that gold and silver have no more real value in that context than paper money, which means their value can also collapse. If food is scarce and you offer a starving man an ounce of gold or a sandwich, he's going to take the sandwich every time. Once an economic collapse reaches a certain level, even precious metals will have no value because all that will are the necessities of life.

With all that said, precious metals would be the last symbol of wealth that would lose their value, but stockpiling them is not the solution to a hardcore SHTF situation.

 

[IMaDad]

With all that said, precious metals would be the last symbol of wealth that would lose their value, but stockpiling them is not the solution to a hardcore SHTF situation.

During currency collapses and hyperinflation in the past, gold and silver have held their value.
Precious metals are not a solution for a hardcore SHTF situation, you are right. Saying they are worthless is wrong. They always have had worth, they always will.

There is no single product or item to own, besides an off-grid emp proof produce and livestock farm that has fallout shelters and is fully self sufficient, that IS a good solution to a hardcore SHTF situation.

If you are making good money, like oh lets say $80K+/year, it might make sense to keep a a couple thousand in cash and a couple thousand in bullion in a fireproof safe. How are you going to pay for rent/mortgage when hyperinflation hits and the bank wants the mortgage money? It does have reason and history behind it.

If you are making $30-40k/year, It would make more sense to have some cash and use that bullion money for food/water.

Its just not THE one thing you should do to prepare for bad time. Its something that makes sense for some people.

 

[Bear44]

the dollar is used to trade petrol, thats why it hasnt collapsed

And despite what peopke think china only holds a little over a trillion in debt, the biggest holders of debt are domestic (gov owes itself)

Thats way more dangerous than china, who is set to be and remain number 2...... what would they have to gain by shredding our economy?

That trillion dollars is enough to do us in. As for what they have to gain, much more control of the entire world. Destroying the US economy would basically reset the hierarchy of power world wide and the country that was best prepared to survive it would come out on top. The Chinese think long term and don't need to worry about winning elections. Their ruling class would not care if half their population starved to death if in 50 years they would emerge as the only superpower.

 

[hawk-eye]

Bear,
I agree. The only reason to buy gold and Silver now is to prolong your ability to weather a short term SKHTF situation. K= kind of.
Bartering for goods and services is the only way of getting through a prolonged situation once Gold and Silver have lost their usefulness.