Fiat currency will be no better than plastic.
Step two is commodities and hard currency like gold and silver. It’s why I’m a junk silver junkie.
And why I bought 32 acres in south-central KY and left Seattle in 2011. It’s happening almost as I imagined, but taking longer, as I expected it would. But when it does happen it will be virtually in a blink of an eye.
Have you ever had a life changing event happen and it started with something as simple as a phone ringing. I think that is the way this will be. Markets will be doing their thing, doom and gloomers will be posting, Market analysts will be writing about the market bulls getting ready to pile on.
Meanwhile, you pull up to the gas station and notice you can’t prepay with your card. Nor can anybody else. The system is down...so you go to another station. And you haven’t quite figured it out, but the last time you used your card is the last time you ever will. So you drive home and you notice a car out of gas. And then another. You pull into the grocery store to get the milk your wife asked you to pick up on your way. There is already mayhem in the store because nobody’s plastic works and few have cash.
Tomorrow will be a LOT uglier.
Boy, that reminds me of One Second After
Nice and vivid.