U.S. TREASURY WILL SUSPEND SALE OF STATE AND LOCAL GOVERNMENT SECURITIES ON JULY 30
TREASURY WILL "NEED TO START TAKING CERTAIN ADDITIONAL EXTRAORDINARY MEASURES" TO PREVENT U.S. DEFAULT IF CONGRESS DOES NOT ACT BY AUG 2
- YELLEN
I told you a few weeks ago to watch this...
(twitter.com)
🧐 Research Wanted 🤔
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Thats not true really though. We had everything you posted about prior to internet or electricity. Im not into currency research because i dont understand it. But i would argue if everything is shut off, bullets will be the most valuable item on this planet. At least for a while.
Bullets to get gas to power vehicles and generators to then acquire everything else you need. All the people stocking up on food gas whole farms livestock thinking they are going to just cruise it on out are going to be sorely mistaken when roving gangs of 18 to 25-year-olds with guns and bad attitudes take everything.
As bill burr said if you dont have a gun youre just collecting resources for the toughest guy on the block lmao
Roving bands of 25 year Olds. .lmao... Jesus u got programmed bad. Who preps and doesn't include weapons, training other people. My network has 50 plus people in it. .
Yeah. And if, at that point, anyone is willing to pay a penny for the fundamentally worthless pile of bits on your “ledger”, I’ll give you a billion bitcoins. 🤣
Baseball cards and comic books and beanie babies would be a better bet.
Whos to say they wont? Hell just look at cuba. No internet for the peasants. What do you think theyll do to us?
Even then, it would only be suspended, not stopped. The minute the power and internet come back on, your crypto is available again. Unless the plan is to shut off all power and internet for all of eternity, crypto is always going to be around.
Seriously? Do you really believe that Americans cannot make Fire for Cooking?? We Grill all the time, FOOL!!! Hospitals??? Duh, we help each other with health issues ALL THE TIME Maroon!!! Transportation issues?? I know how to pull fuel out of a 20 Foot deep hole with a HAND PUMP..... Are you really at the same IQ as AOC??? Telecommunications aren't a Necessity.... We still have CB Radios.... And if we go LOCAL ONLY, we seriously redouble all our efforts of Community Survival.... ID ten T!!! Yes Doofus, Gold and Silver is the Only Way.... And since Crypto is based on NOTHING, it then holds exactly that value, NOTHING.... You can have 1 Crypto, and it has the exact same value as 1 Billion Crypto... NOTHING..... But then you'll want to have it based on the ""Dollar"", which is a FOREIGN CURRENCY, it too is based only upon ""Confidence"", and it should be seen as "Speculation", and therefore holds NO VALUE.... So your crypto is back to NO VALUE, or even worse, Negative Value....
I'd explain all the intricacies, but I've probably lost you already....
Lmao, if the power goes off, your Crypto IS STILL THERE. It doesnt disappear. Also, if power goes out, so does your local bank. You cannot access your us dollars if the bank is without power, as all your money is 1s and zeros on servers, and banks cannot just hand out cash randomly. So it's a stupid argument.
Everything depends on what you mean by SHTF. Different events are going to result in very different situations. Do you mean:
Total infrastructure collapse: Whether by EMP, solar flare, or some other national disaster. In this case, crypto will be worthless, but so will anything that isn't immediately useful. That includes gold and silver. The only things of value will be food, land, and the means to defend them. During this, which is essentially total anarchy, no one will be trading valuable goods for a chunk of rock that he can't immediately eat or shoot. Precious metals won't have any value until some civil order is restored.
Civil war: Since the infrastructure to support them will still exist, both precious metals and crypto are likely to retain their current value, though crypto will be much easier to trade for small goods. However, all involved factions will likely be printing their own currency, so you're probably much better off just using your faction's currency, and fighting like hell for that faction to win.
Weimar-style hyperinflation: Again, the infrastructure will still be around, only the fiat currency will be worthless. Gold, silver and crypto will still hold value, but as N0rds points out, stores are not set up to manage transactions with gold or silver, especially if you're dealing with values like 1/1000 oz. It's far easier to process 1/1000 of a bitcoin; and most stores are already set up to manage such payments.
To sum up: Gold and silver are better stores of value, but don't count on them having any liquidity. Crypto is much more liquid, and easier to process, but also less stable and more vulnerable to market fluctuation.
And you arent paying for mountain dew with gold or silver, either... Not a single store accepts gold or silver, but thousands of them DO take crypto...
Why
I don't have a dog in this fight, but a few states have been passing different legislation to make gold and silver legal tender again.Louisiana, Texas and Utah being the latest examples.
I'll bet they'll take gold or sterling over a digital dollar.
Same. Notvsaving it