““You will be surprised how adaptable people in hyperinflation environments. It won’t be Mad Max level.”
Agree - it takes an EMP (or worse) to get to that level. Argentina is the textbook case.”
Argentina had one huge advantage that we won’t have. They have functioning economies around them. We won’t have that luxury. If the US economy collapses under the weight of its debt, the collapse is worldwide (actually, I think the collapse will start elsewhere, but that is beside the point).
I’m not saying it will be Mad Max (more like The Road? jk). But Argentina is not really a good parallel. This is unprecedented, largely because of the worldwide nature of the problem.
“I’m not saying it will be Mad Max (more like The Road? jk). But Argentina is not really a good parallel. This is unprecedented, largely because of the worldwide nature of the problem.”
I hear you, but not as worldwide as you think. China will lead the way (even without as much in exports to us, and I’m sure they understand now that our debt is worthless), and then other countries WILL take the necessary steps to get out of the mess. The problem will be here, with a government that has INTENTIONALLY caused this crash and profits from it.