When the dollar falls

I do sometimes get exasperated at the "either it is all ok or we are headed for a "Patriots" style collapse where everyone is starving and shooting their way thru hordes of bandits."

This is so dumb it makes my head hurt to read it. MOST economic collapses don't work like that. I do hedge against them, of course. I have ammo (way way way more shotgun shells and .22.... chances are I won't survive more than 3 pitched battle shootouts if I survive even ONE), and food and water and a bug out spot. I am already "sorta" bugged out, and am meeting like minded people in the immediate area. I get the collapse of all society stuff, but that is NOT the only kind of collapse, nor is it the most common. The most common is an economic catastrophe which gobbles down most of the wealth of a society, makes commerce difficult, and destabilizes everything. Does danger go up then? Absolutely.

The silliest "plan" for hedging against economic uncertainty is to say "Well, boys, I have 1247 AK47s 500,000 rounds of ammo for them, and 8 million rounds of 9 mm for my 250 Taurus C3s (the best low price handgun on my radar right now). I am all set."

When I played football, I either played man to man or zone (free safety). You "think thru" what is going to happen at the beginning of each play. You have two wideouts, will they cross in your zone? Does your man do a fly, a post, a flag, a post flag? Do you bump him? When and where? What are the clues that mean you have a run play rather than a pass? Where do you go (it is not always to the ball)? Every really good player (and I was definitely NOT even marginally good!) knows exactly how he is going to react when a,b,c,d happens. It makes for a much less stressful play. I still had lapses, and still had mental lapses, but PLANNING is everything. I know you guys who were in the military would plan, plan, replan, think what could blow up your plans, think of backup plans and then drill them till you were sick of them. I also know that real life does not cooperate but is instead chaos. HOWEVER, having an articulated plan where you spell out the possible dangers gives you a "grid" to formulate a plan for action on the fly.

I have not looked at the Balkans, nor what the currency situation is/was there. I have looked at NUMEROUS other cultures/countries in history, and the assumption that "you can't eat gold, so ignore it" is, plainly, stupid. When severe inflation hits a country, you can do well if you are extremely well provided with barter items. Problem is, most of those items are unavailable because commerce is halted/severely retarded. You can hunker down and "survive" but what happens on the other side? Cultures don't ever STAY in a collapse state. Eventually they come out of their hidey holes and begin buying/selling/making stuff/and engaging in economic discourse. That is why you buy gold and silver in an utter collapse. If not utter, then raging inflation is the best friend of gold and silver.

Frankly, if you are not at least 50 years old and remember the craziness in the USA of 20% inflation under Carter, you have no idea what you are talking about. Not trying to be snooty, it is just that you have a grid of experience which simply is not consonant with historical reality. I hope the wake up is not terribly unpleasant, but you WILL be waked up, and shortly. I think it will be VERY shortly, but if I timed things well, I could just sit back and buy puts on American Airlines on September 10, couldn't I?
 
Everytime I see one of those commercials asking me to buy precious metals I think to myself, why in hell do they want to trade me gold or silver for my paper money that will be worthless one day? o_O:rolleyes:
Did you even watch the commercials bro? They even tell you that analysts say the cost of gold is going to double or even TRIPLE in the next few years. I hate it for those other guys that have to sell their gold for cash right now especially when they know it's going to shoot up in value so soon, but I know a good buy when i see one!
Seriously though, I laugh at those commercials because they try so hard to tell you about how much value metals are going to gain, tell you the price hasn't been this low in years, and still try to dance around the volatility aspect...

See this chart: your dollar is worth less than half of what it was six months ago: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

The only reason you don’t see it is because people still believe in the tooth fairy and Uncle Sugar.
That's what's killing me. I'm finally doing okay, got some spare cash, and suddenly corona hits and every person with bad financial skills is getting free money to throw at everything they see and totally screwing up the laws of supply and demand. Listen, the poors, you really CAN'T afford to buy all the nice things just because you got $1200 extra dollars. I know because until fairly recently I was also a poor! Pay off a couple debts, buy some canned goods, do the smart thing.
But hey, I'll just not buy stuff now when prices are inflated and hold off until demand drops to zero. I lived without a lot of nice things for a lot of years, won't hurt me none to keep living that way.

Edit - i looked at your link and felt ill. apparently fiscal responsibility is a bigger problem than i thought
 
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this guy who lived in Argentina
during the economic "melt-down"
says PMs were good when money
lost much of it's value.
quote:
Gold became an instant hit right after the economic collapse of 2001, the business of buying gold went up 500% the years after the collapse. All of a sudden every jewelry store and every kiosk, every new shop that opened was all about buying gold. With terrible rates of unemployment and inflation people became desperate, and the first thing they did after running out of money was turn to belongings they could sell. Of course, selling jewelry meant you could go to any of these stores and walk out with some cash to put food on the table.


https://ferfal.blogspot.com/2015/06/what-to-do-with-goldsilver.html

I bought his book but haven't read it yet. Bought it based on snippets I read online. He also said books were a good commodity to have. Knowing how to repair small electronics was handy. They didnt leave their premises after dark and during the day was only with several armed family members. He mentions what he feels are what type of guns to have. One of the stories he tells is of 6 robbers trying to rob a judge. They kill him but not before the judge killed 5 of them. Maybe it was 4 of 5. I'll have to read that book soon.
 
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