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mad max
- Thread starter just jim
- Start date
Bust a deal, face the wheel.
So, it would just be A then...
Varmint
NES Member
The only way it goes Mad Max, Walking Dead etc is if the power grid goes down for an extended period, say entire US for a month. Also people will likely behave better if they think everything will go back to normal soon.
So what could cause this? Some kind of natural disaster (meteor, massive solar flare etc). Some kind of attack with multiple nukes or EMP nukes. Some kind of massive cyber attack. All 3 are pretty unlikely.
What's much more likely IMO is another Great Depression as the US collapses under bad debts, financial engineering and decades of artificial economic expansion contracting back to the mean.
the_shootist
Banned
Buy gold and silver. It's no longer about building wealth, it's about protecting the wealth you have
the_shootist
Banned
What kind of bbq sauce do you put on gold and silver to eat it?![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
Silly man....you need to invest in preserving your wealth by turning as many FRN's (Federal Reserve Notes) into real value (gold/silver) as you can afford (that does NOT include food, rent, mortgage, etc. money). If you have none then you don't really have any wealth to protect.
Varmint
NES Member
Yes, that someone is driving the value as low as possible, so they're doing you a favor if you're a long-term buyer.
Remember the same people are trying to destroy the value of your dollars.
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I think the Depression scenario is very likely, the other ones not so much. And I don't think the Venezuela scenario is likely cause the dollar is likely to remain the most trusted currency, lesser of many evils.
the_shootist
Banned
The value of gold and silver sets itself. Think about this. Dollars used to be back by gold. What are they backed by now? A promise. How much faith do you have in that promise? When that faith is gone (and that could happen in one day) the dollar isn't worth the paper it's printed on.
Gold is money...everything else is a promise
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What can you or I do with gold though? Ammo has a use. Water has a use.
the_shootist
Banned
What can you do with a hundred dollar bill? Of course you need to stock food, guns, ammo, water...but currency in the form of paper will be useless. Historically, gold and silver has been used as currency for thousands of years....and it will be again. Bartering can only go so far. A form of currency needs to exist for everyone since we all can not always barter things we have for things we need. We're all in that same boat. Gold and silver gives us all the currency we need to sell and buy things we need that others have. Really basic concept
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At least for a little while, cash will be worth something. Sheeple won't think it is worthless overnight.
Agreed.
More and more countries are moving away from relying on the dollar alone and are switching to baskets of currencies. It's not a death knell for the dollar, but it is certainly losing ground.
gold/silver and any other commodity that trades on the futures market are as wide open to speculation as any other instrument.
Look at the retarded gold run up after 2008. Was that based on some intrinsic value? No, it was based on fear that the dollar would collapse.
It's all fake horseshit. You just have to decide which pile of horseshit you'd rather roll around in.
One thing that tends to make commodities slightly less ridiculous is that there are actual costs involved. A stock's value can explode due to a fad, a currency's value can disappear because of a central bank. If a commodity has a use, there will usually be a floor to its price that gives some sort of safety net (even if it is a small percentage of the inflated value).
the_shootist
Banned
To each his own.....I'd rather have something I can hold than put all my chips on a number on a computer screen (as in a bank account). At some point those numbers don't mean much. Google 'bank bail ins' if you want to understand how screwed up things are. I'm not saying go all in, just spread things around and hedge your bets a little
I remember the first gold and silver run up and how prices were manipulated, took 20 years to get prices up the again and by then inflation wiped out the gain. Will it be a mad max in the financial zone when they hyperinflate out of the trillions in debt?
