[Oatka]

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.

[Mr. Douglas]

There is a blurb somewhere out there about “the one hour meltdown” as well. Also, Bill Bonner has a video where he discusses that what has doomed our economy was going to a credit economy in the 1950’s and the day of reckoning could be literally any day, and it will go down like that.

The idea is that most of the “money” being spent every day is actually credit. And one day the credit will simply stop, cutting the size of the economy to a quarter what it is, in the blink of an eye.

The “money” will simply vanish.