I don't go to work, when I don't get paid. I can't stay in my home when my rent isn't paid.Originally Posted by Seraphim
the crash of the dollar is going to zero out a lot of "assets" really quick.
Yes, I can still swing a hammer or fix a computer. I can still be productive.
But the 3 cans of soup you gave me to fix your computer won't pay my rent or put fuel in my truck.
the disruption will be huge. add to this the riots, and there's your stock market.
Last edited by torchbearer; 12-10-2012 at 03:54 PM.
"The easy confidence with which I know another man's religion is folly teaches me to suspect that my own is also." ~ Mark Twain.I saw that the State was half-witted, that it was timid as a lone woman with her silver spoons, and that it did not know its friends from its foes, and I lost all remaining respect for it, and pitied it."
--Henry David Thoreau
If the dollar crashes, do you truly believe your LL will want dollars? I think not. Same logic applies, he will want something that is of adequate value.
"Like an army falling, one by one by one" - Linkin Park
which I won't have, nor anyone else around me. that is the problem. all people have is useless junk to barter with.
If had a micro-brew, or some food stock, or solar panels... something like that, my LL would barter.. but that would only be for a while. until I run out of barter.
what does my boss have to barter with? he has a gun safe full of dollars.
how are you going to redeem your stocks? they are denoted in dollars too. wait for the new amero? don't think the conversion rate would be figured in?
if you are playing in dollars, you get hosed.
Last edited by torchbearer; 12-10-2012 at 04:50 PM.
"The easy confidence with which I know another man's religion is folly teaches me to suspect that my own is also." ~ Mark Twain.I saw that the State was half-witted, that it was timid as a lone woman with her silver spoons, and that it did not know its friends from its foes, and I lost all remaining respect for it, and pitied it."
--Henry David Thoreau
this is one funny thread... busted a gut reading some of these responses. 3 cans of soup... great. would you take 12 marbles and some super glue? wonder how many shares of ibm that would translate into...
I actually do computer work for barter. I prefer it to cash.
though usually an ounce of silver or some return services is what I require in barter, but i would take a hog or some chickens.
"The easy confidence with which I know another man's religion is folly teaches me to suspect that my own is also." ~ Mark Twain.I saw that the State was half-witted, that it was timid as a lone woman with her silver spoons, and that it did not know its friends from its foes, and I lost all remaining respect for it, and pitied it."
--Henry David Thoreau
If a company can turn $100 into $25 of annual cash flows, it can turn 100 turtles into 25 turtles if turtles become the new currency of the land. That's why I don't care about what the best currency is, it's irrelevant.
If you have skills then you most certainly have something of adequate value.
If you have no commodities, but have skills - the commodities will come. If your heart beats and you are willing to work - markets go on.
"Like an army falling, one by one by one" - Linkin Park
Folks interested in the thread subject might find the following of interest:The best book on inflation imho is an Austrian case study on the Weimar hyperinflation:
Constantino Bresciani Turroni - The Economics of Inflation
Summary from mises.org:
http://mises.org/resources/3125As an Austrian study of hyperinflation, this study has never been surpassed. The same is true of the detailed examination of the rise of hyperinflation in German in the interwar period: there is not anything more authoritative.
It is a huge study, 466 pages, with a fantastic amount of data and statistical analytics. But the narrative too is very exciting and infused with a thoroughly Austrian understanding of the impact of dramatic monetary expansion. It affects not only prices but also capital structures, political events, and the structure of society itself. Hitler did not emerge in a vacuum. Bresciani-Turroni covers the essential prehistory of a world-wide calamity. This volume is thorough, authoritative, and riveting in every respect - the achievement of a lifetime to last the ages.
The whole book as a PDF can be found here (20 MB): http://mises.org/books/economicsofinflation.pdf
I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:
Tin Foil Hats, Economic Reality and the Total Perspective Vortex
Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's HR 1098: Free Competition in Currencies Act?
If anyone wants to discuss the subject of this thread in a real world scenario - I'd like to get their thoughts. Self-proclaimed turtle gurus aside.If a company can turn $100 into $25 of annual cash flows, it can turn 100 turtles into 25 turtles if turtles become the new currency of the land. That's why I don't care about what the best currency is, it's irrelevant.
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