When it does hit the fan, cash will be nothing but kindling and toilet paper.
Having lived through numerous hurricanes while I was in Florida, I know to keep around a several $k in cash.
However, in a crash of the magnitude you are suggesting, I believe cash won’t be worth much of anything. It will be barter. Or theft, plenty of that to go around you can be sure.
I agree there is a realistic chance we will have that crash, I just don’t see paper money as the key.
Uh, sorry, but your post makes no sense. Modern money is an abstraction. Even the “printing press” is electronic these daze. Unless electricity stops working, commerce will still go on. And if the that ever happens (aka, an EMP attack), cash will be worthless anyway.
As for the cash, don't get me wrong, things like silver/gold/ammo/water/food/ canned veges/garden/farm cannot be put into value in a really bad situation.
I've never heard of wheelbarrows full of gold being exchanged for cash in Hyperinflation Weimer.
Funny - just watched a review this weekend on C-Span of a book called “The End of Money” - the writer was all in favor of doing away with cash, saying we hardly need it any more except in minor cases such as tipping in airports - he did admit that cash would be essential when and if we have a societal breakdown as you suggest - he also mentioned some examples of where small comunities have voluntarily adopted their own currencies for local use - “Ithica Doillars” was one name that stood out - sort of a formalized system of barter with intermediary currency.....
My stash is in .30/06, 7.62NATO, and .45ACP.
Optimist hoard gold. Pessimists hoard brass and lead.
I don’t know. Barter is real work in exchange for work. Cash as an insurance I think is a bit lazy. It’s going to take some brains, for sure, to stay alive.
Walk into a Walmart and stand up front and watch people “pay” for their stuff. Very few use cash. If the debit cards stop working you better get out fast!