Just a guess here, but if the dam breaks it will flood a huge portion of China, including industrial sites where a lot of shoddy, cheap Chinese goods are made for the global markets AND the Wuhan region, including it's laboratories. With that much disruption of the supply chain and possible leaks of even worse substances into the world than COVID, it will probably trash the already fragile Chinese Yuan, and many other world fiat currencies (including the US) will suddenly be exposed to reality...that the currencies are not really worth what the various governments peg them at. If the US says the dollar bill in your wallet is actually WORTH one dollar, it's not because it's backed by anything, but only based on that government claim of what it's worth... thus the term "fiat" currency, value by edict. Just my guess, but what would have value at such a time as that would be things that have INTRINSIC value. Gold and silver have intrinsic value BECAUSE they are gold and silver. Fiat currency has EXTRINSIC value because somebody just says it's worth something....which really means it's not worth anything.
Good points. Check this out:
Minimum Wage in 1963 was $1.25/Hour. Not much.
BUT, 1963 Quarters are 90% Silver.
Convert $1.25 in 1963 90% Silver Quarters to
2021 Federal Reserve Notes and ya know what ya get?
.......$31.25 !!!
Granted, that's $31.25 in Fed Reserve Fiat Dogshit Notes, but still....you can buy/by/bye gas with those shit-paper notes.....FOR NOW!
Had to look the word origin! "...derived from the Latin word fiat, which means a determination by authority—in this case, it's the government that decrees the value of the currency and isn't representative of another asset or financial instrument such as gold or a check."
Glad we don't have a Yugo currency. We'd be in even worse shape.
Buy your silver, in buying ammo! If i need your silver for anything i can just use my ammo to acquire your silver haha jk fend, i wouldn’t take a fellow pedes silver, but someone else’s? a Biden supporters maybe? Quite possibly i would.
Just a guess here, but if the dam breaks it will flood a huge portion of China, including industrial sites where a lot of shoddy, cheap Chinese goods are made for the global markets AND the Wuhan region, including it's laboratories. With that much disruption of the supply chain and possible leaks of even worse substances into the world than COVID, it will probably trash the already fragile Chinese Yuan, and many other world fiat currencies (including the US) will suddenly be exposed to reality...that the currencies are not really worth what the various governments peg them at. If the US says the dollar bill in your wallet is actually WORTH one dollar, it's not because it's backed by anything, but only based on that government claim of what it's worth... thus the term "fiat" currency, value by edict. Just my guess, but what would have value at such a time as that would be things that have INTRINSIC value. Gold and silver have intrinsic value BECAUSE they are gold and silver. Fiat currency has EXTRINSIC value because somebody just says it's worth something....which really means it's not worth anything.
Good points. Check this out: Minimum Wage in 1963 was $1.25/Hour. Not much. BUT, 1963 Quarters are 90% Silver. Convert $1.25 in 1963 90% Silver Quarters to 2021 Federal Reserve Notes and ya know what ya get?
.......$31.25 !!!
Granted, that's $31.25 in Fed Reserve Fiat Dogshit Notes, but still....you can buy/by/bye gas with those shit-paper notes.....FOR NOW!
Had to look the word origin! "...derived from the Latin word fiat, which means a determination by authority—in this case, it's the government that decrees the value of the currency and isn't representative of another asset or financial instrument such as gold or a check."
Glad we don't have a Yugo currency. We'd be in even worse shape.
Buy your silver, in buying ammo! If i need your silver for anything i can just use my ammo to acquire your silver haha jk fend, i wouldn’t take a fellow pedes silver, but someone else’s? a Biden supporters maybe? Quite possibly i would.