“...and if the banks happen to go down along with whatever is forcing you to leave, then what you have with you is all you have left.”
It would seem to me, that “if the banks happen to go down”, then the little green pieces of paper one has in their pocket aren’t going to be worth much for very long.
“It would seem to me, that “if the banks happen to go down”, then the little green pieces of paper one has in their pocket aren’t going to be worth much for very long.”
No, cash will be better than gold in the very short term, as cash will be the only option other than bartering for people needing to buy and sell stuff (and bartering is very, very, inefficient). As to cash not having value - in the short term it will have huge value, because electronic money is gone, so, essentially 90% of US dollars are gone. People with EBTs can try to use them to buy food - but they will not have any luck - only people with greenbacks will be able to use them. Gold and even silver, won’t work immediately, as people selling items won’t know what to do with those metals, or even how to tell if they’re legit.
Now, for the longer term, it gets more complicated, as the government will likely be tempted to print huge amounts of money - so cash would start to lose value. But in any disaster in this country’s history, those who had cash ready could get what they needed, those with debit/credit cards were told “sorry” it’s not that we don’t trust you, it’s that we don’t trust anyone.
The author says if stores are closed for a month so that you can't buy tp then hop on a plane. Ha, really? If there's no tp then planes are going nowhere. If things are that bad, then those little green pieces of paper will have two uses, 1) starting fires or 2) use as tp.
Having a wad of green tp would be nice during those days but I'm more concerned with not having two dimes to rub together today.
If we go into a deflationary cycle, as most believe we will, then those little green pieces of paper are going to well worth having lots of.