posted on Dec, 23 2007 @ 02:04 PM
Originally posted by coven
What Would You Do? Money is Now Worthless.
Zero? It is incredibly rare for any money to be worth . . . zero. Even the Iraqi dinar didn't go to zero. The German mark from the weimar republic
never went to zero, even if it became laughably cheap. The Nazi reichsmark continued to trade for almost two years after the allies took Berlin. So,
zero is kind of hard to believe. Even the Iraqi dinar didn't go to zero, and the US refused to underwrite it or accept it as payment. . . .
So what would make the dollar zero? collapse of the goverment? I'm pretty sure someone would set up a new government; Mexico or the UN or
something. And odds are, they'd call in the old money for the new Amero. The exchange rate might be a 1000 to 1, but that still isn't zero. It
always behooves the occupier to honor the old regimes currency and bonds, at least short term. Actually, paying your predecessor's debts is a good
way to be seen as the legitimate government.
Actually, if you had bought old iraqi dinars back when they were 4000 to the dollar, and exchanged them for New Dinars at the rate of 1-to-1, they'd
be worth about 1500 to the dollar on the streets of Baghdad today. More than a hundred percent profit in 4 years--Not bad!
You have to Barter for any form of trade. What will your provide? what would be the MAIN item you would be trading for?
I'll be running my own buy/sell/trade store, featuring my own stockpiles of bullion, guns, seeds, and survival foodstocks, plus the stuff out of my
garden. I'd probably print my own currency until law and order came to town, in which case they'd probably buy me out at a decent price.
I will go first. Logically if the dollar crashes the police aren't going to be enforcing a lot of old school laws.
Funny, I expect the cops to be supplanted by bands of vigilantes who will redefine all our notions of "old school." Lots of hangings. Some
gauntlent-running, that sort of thing.
I would immediately craft a functioning still and trade in my vehicle for supplies to create moonshine. Then I trade the moonshine for a faster better
vehicle. (since it could POSSIBLY Still be illegal :w
I think that is an EXCELLENT plan, and I was considering an alcohol-fueled generator when I was logging on just a minute ago.
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