have any of you thought about what it could possibly be like post crash. will it be like most preppers think - trading junk silver for bread and gas? will a new currency emerge and will there be an exchange - old fiat for new fiat? im just wondering about a few things because im a landlord with 4 houses. what good will it be if im receiving old fiat for rents? theres alot of questions but cant think of them all right now.
Originally Posted by 97guns
WTSHTF the grocery store clerk will not be reading the date on your "silver" dime nor giving you more then ten cents worth for it. Same thing at the gas station.
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A landlord I know here in Seattle will accept PMs for rent right now.
As long as he does the proper paperwork its legal.
I don't think we can expect a drone in a chain store to know anything about real money so I would look for a private owner operator, now and when TSHTF.
I met a lady in Detroit several years ago who only accepted PMs for rent for her rental units. She did not seem displeased with the exchange rate. Now whether her tenants were happy is more debatable.
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Yeah, lots of people think it's going to be business as usual except you pay for your Starbucks with a gold coin or a chicken or something. In fact every collapse is unpredictable, even though they are similar in a general way.
I think immediately post-SHTF, barter & PM's will prevail. After (hopefully) TPTB are dead or irrelevant, PMs will be the currency of choice.
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Problem is, there isn't enough gold/silver in private hands to allow an economy of 300,000,000+ people to function properly.
If there's ever a true crash of the system, don't count on getting much of anything from any store after about the 2nd day.
We'll probably see a rise in bartering and garage/yard sales.
"Power tends to corrupt, and absolute power corrupts absolutely."<br /><br />- John Dalberg-Acton, 1st Baron Acton
Maybe not the big chain stores but if the dollar is devaluing on a daily basis, you can expect the locally owned stores and shops to accept hard money.
WTSHTF the grocery store clerk will not be reading the date on your "silver" dime nor giving you more then ten cents worth for it. Same thing at the gas station.
In the 70s, some of the gas stations had huge queues lined up for people paying with paper money. Then they had a pump with no line for people paying with silver coinage.
That seems likely to repeat...
everything we learn changes that which we know to be true
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