Posted on 07/19/2011 3:19:05 AM PDT by lbryce
True indeed.
In my view, the back breaking straw is in Europe, not America.
A European bank, perhaps Spanish or Italian will close and precipitate the panic
Buy a farm in a non-diverse area ASAP.
And the third category - Wolves with guns and ammunition.
Doctor! Operate on my appendix or I’ll blow your fracking head off!
When massive devaluation events occur - e.g. as we saw in Argentina - civilization doesn’t end.
There is turmoil and increased violence. A whole lot of people become criminals and prostitutes who would never have done so otherwise. The police become more corrupt. It becomes dangerous to stop at stop lights because of kidnappers. Everyone begins to carry knives and handguns. The Government becomes more arbitrary and draconian, if that were possible. All this is historically attested from real-world currency crises.
But people still buy and sell. If anything they gain an increased appreciation of true money and the value of hard assets. They especially prize precious metals. Why? Because Gold and Silver have the attributes of money: they can be bartered-for-anything and they don’t depreciate.
You won’t do yourself any particular harm by insisting on storing e.g. 15 years worth of provisions and weaponry - in fact that is an excellent set of precautions to take.
But if you need to buy the services of e.g. an engineer to repair your generator or a midwife to deliver your daughter’s baby then you find not everyone is happy to be paid in small bottles of whiskey.
Precious metals are one more potentially useful (and maybe critical) item that we should stock in case of emergency. Anyone who puts all their money in gold and silver is acting foolishly.
How can he do this? Because there are many people who own chickens - each producing vastly more eggs and meat than they can possibly use themselves.
Of the thousand people who want to buy a chicken, 800 have Bernanke Clownbux, 100 have various retarded barter ideas and 100 have silver money. Which ones do you think are going to be the chicken farmer's favorite customers?
Don't forget: those people who own chickens have their own bills to pay - and their suppliers don't want to be paid in chickens. The paper money is losing 10% a day and fills a wheelbarrow. But silver and gold? They'll do nicely.
Surfing the TV channels yesterday, I came across Kramer-recommending Gold-physical Gold. If that’s not a sign you’re late to the party, I don’t know what is.
>> I came across Kramer-recommending Gold-physical Gold.
ROFL! Time to sell your gold...
You forgot weaponry and ammo.
I think ammo would be used like small denomination bills, e.g., five .22LR for a loaf of bread.
I can see a lot of barter taking place.
Buyers are snatching up bargains.
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