To: All
All this talk about where to stash your money if there is a revolution/civil war is pointless. Because if this country melts down like that, the US currency will become worthless. We'll be using something else as a medium of exchange...something that is valuable and easily trade-able.
72 posted on
01/08/2010 12:55:29 PM PST by
Snardius
To: Snardius
Just a bit of an adjustment, the medium of exchange needs to have INHERENT value and utility, as well as be easily tradeable.
The “medium” that best matches this, imho, is ammo.
Gold & silver MIGHT have limited trade utility, but you can’t “use” a gold or silver coin.
74 posted on
01/08/2010 12:58:07 PM PST by
MrB
(The difference between a humanist and a Satanist is that the latter knows who he's working for.)
To: Snardius; FerFAL308
All this talk about where to stash your money if there is a revolution/civil war is pointless. Because if this country melts down like that, the US currency will become worthless. We'll be using something else as a medium of exchange...something that is valuable and easily trade-able.Not necessarily. Gold and guns, certainly, but have some cash as well. A devalued dollar doesn't mean a disappeared dollar. Take Argentina 2001 until today as a case in point. The Peso was devalued 4-1 against the US Dollar overnight and banks accounts were frozen, but the Peso didn't disappear. But if you didn't have cash at home in 2002, you were SCREWED since the banks were all closed, and you couldn't access your accounts. When they reopened, you could only take out a tiny amount per week.
Gold, guns, food, cash and maybe even Euros. Keep diversified.
Read Fernando Aguirre's book "The Modern Survival Guide" (on Amazon) for a realistic look at a monetary collapse and living in the aftermath.
90 posted on
01/08/2010 1:19:30 PM PST by
Travis McGee
(---www.EnemiesForeignAndDomestic.com---)
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