A fren asked when I think the stock market will crash and here is my reply. First some background and then my answer.
Background:
January is the estimated time when the Federal Reserve - Reverse Repo Market runs out.
https://fred.stlouisfed.org/series/RRPONTSYD/
That is what is being used to fund the governments insane spending, because when the government borrows money, they have to sell a US Treasury Bond backing that money. The US Treasury trades their Bonds for the cash parked in the Reverse Repo Market.
In the just 3 weeks the govt has borrowed $550 Billion+
https://twitter.com/WallStreetSilv/status/1712217005992939952
The Reverse Repo Market has drained 100 Billion almost every week for a month except the 3rd week of October. The Reverse Repo is being used to immediately buy Treasury Bonds and keep the interest rates of them (yields) from shooting up further.
Japan who owns $1 Trillion of US Treasury Bonds is also on deaths door. Historically when Yen-to-Dollar is 150/$ then the Bank of Japan intervenes and sells some US Bonds to raise value of yen against the dollar. That's happened a couple of times this month.
When Reverse Repo runs out, Treasury Bonds are going to shoot through the roof. This will be the 2nd big crash.
My Answer:
What do I think will happen? Short answer: 2 crashes in stock market then devaluing dollar then CBDC then freedom.
1st dip will be big enough most Boomers will think that was the crash and put all their money back in the stock market. I expect it around end of October - November before Thanksgiving from the way things are going but it may happen later. Boomers and older are important because they own about 70% of US Wealth and getting their wealth is the ultimate goal.
https://www.marketingcharts.com/demographics-and-audiences/youth-and-gen-x-75103
Govt will ramp up borrowing like crazy causing Treasury Bonds to crash in value and their interest rates to shoot up, possibly above the federal reserve base interest rate. Boomer money not in stock markets will go into Treasury Bonds. They will falsely think they are a safe haven as they've been trained to think.
Banks go insolvent from decreased Treasury Bonds value and are unable to back up deposits. They go bankrupt selling anything they own to cover any costs they can, causing more supply of Treasury Bonds on market dumping price lower and yields higher. Govt keeps borrowing and spending.
Reverse Repo runs out of money. Treasury bonds must be sold on the open market where nobody wants to buy. Values drop at insane levels and their interest rates shoot through the roof.
This will be the 2nd big crash that wipes out the rest of stock market and retirement money. Along with the Derivatives (estatimated $Trillion - 4 Quadrillion value), the Futures Market and even the paper gold/paper silver. I expect this to happen January-February but i am likely wrong on the exact timing here. This is the big boy to worry about. Physical cash will be very valuable at this point and it'll be the time to go spend your cash you have left. Any electronic cash will be gone and you'll be unable to access it.
Gold and silver will spike up overnight and maybe a bit for crypto but it won't hit its peak yet.
Then the govt will keep borrowing but nobody will buy Treasury bonds. No worries, the Federal Reserve has a fix for that from a paper that came out in Jackson Hole, WI this summer
Presenting the Fed's Perfect Plan for U.S. Dollar Oblivion | BestEvidence
https://www.youtube.com/watch?v=W0u5h579ZeU
https://www.kansascityfed.org/Jackson%20Hole/documents/9726/JH_Paper_Duffie.pdf
In this paper, the Federal Reserve and Govt solves the problem of having no Treasury Bond Buyers on the market. Currently the Federal Reserve can only buy Treasury Bonds that have already been sold from the US Treasury. This paper suggests to do away with that and have the Federal Reserve directly buy Bonds from the US Treasury. This will double inflation increase as the Federal Reserve will have to print money to buy the Treasury Bonds and more money is printed for the US Treasury once the bonds are sold.
There will now be no incentive for the govt not to borrow to oblivion and the physical dollars will quickly become worthless so you'd better get rid of your cash by then. Gold/silver, Crypto, Bullets, Food, Resources.
People will have to come together and do whatever they can for each other to survive this mess. Crypto will shoot up in use at this time because of instant transaction, long distance payments, and exact pricing. This will eventually take over by the peoples choice.
Govt buildings will be burning, urban city dwellers starving, and the pain will be so bad that people beg for a CBDC to stop from starving. That is the Cabal's bet and they will issue a CBDC at this time.
The foil to their plan will be gold/silver and ultimately crypto because the Cabal/Central Bankers have less of their hands in crypto than gold/silver (central banks have been massively buying precious metals) and its more usable over long distances. They won't be able to control people conducting their own business and they will fail dramatically. I think the military will step in when people have made the choice and decide against Central Banks and their CBDCs.
This is my best guess at the moment. I am likely wrong somewhere especially on the timeline, but as the govt actions play out over time, they become more predictable.
What do you all think?
They will sell their metals long before the end.
Also don't forget the quadrillion in swaps and derivitives.
This is really the 800lb gorilla in the room. It is almost impossible to describe in coherent language that Jenga tower. I liken it that way when trying to articulate the gravity of how truly disastrous that insanity will be. The "government" is supposed to police those 'markets', but they dont. Not at all. Greed and grift on a scale never before seen in human history. Imagine an actual stack of Jenga bricks 1000 feet high. Now imagine the blocks get slightly larger at each level up. now imagine the blocks not only get larger, but they start to lose their shape ... becoming "warped" the higher you get. It inevitably becomes unstable and impossible to dismantle without massive risk of a collapse.
No one can fathom the notion of 4 Quadrillion dollars. it sounds like fiction to most. when that Jenga tower starts to collapse the banks will demand, as accounts that fail to meet margin requirements (and they will) plummet in value, failures will cascade through the financial markets like a massive avalanche. Nothing can stop it. complete and total financial decimation.
I sound like a doomer. no question about it. but there is no getting around the fact when the debts start getting called in, the capital wont be there, because there is no 4 quadrillion dollars.
It's not dooming, we need to tear down the system that enslaves us first. And then build a new one.
this could be NSWIC, I hope we will be reborn stronger from the ashes of corrupted usury economy...
Don't worry. This giant gantic stack of bricks that represents the Global Financial system will collapse into its own footprint in 10 seconds flat. Everything will be okay. Once we invade iran.
This would be a great visual for the normies. A drawing of a gigantic Jenga tower of fiat dollars heavy at the top with a simple timeline looking like an inverted, misshapen triangle.
Wait a minute. Those “Boomers” can’t know about this or it’s gonna happen sooner but these are the same folks rushing to their pharmacy to get their boosters and new, improved flu shots. Buncha dead boomers help relieve some of that debt I guess may have been the plan.
Unless its US debt getting acquired by US govt it won't help with the debt but sadly many in that generation are way to asleep even now. They don't ask enough questions or do their own research.
If you haven't noticed, the mass killing off Boomers has been on overdrive since Decemberish 2021. All of those many dead around me are 70s and 80s. I haven't heard of anyone younger than that dying in droves at least.
Yes that too will bottom out when the banks fail after Reverse Repo. Thanks for the reminder.
We are in the greatest depression. I net 6k every 2 weeks and have 2,600 mortgage, one car payment of 800 a wife and 2 kids that are under 15 and literally working pay check to paycheck in Midland, Texas.
Bless you 🙏 it won't be much longer. Thank you for the oil.
Boom and bust. Few benefits if any. Serious toll on body. Tempting to a lot of guys.
1 blow out 2 week vacation a year
Unrelated, but per your user name... I worked in Lafayette, CO today & it was a perfect Fall day... Beautiful weather & vibrant color leaves❤
YES, wage slave, don't you ever dare think about more vacations, you should be thinking about more work for less benefit! We're all in this together!
I hear you, bud.
Wow, i managed to get my expenses for the month under 2k. I make 6k per month.
Same here, I took a local truck driving job because I don’t want to be 2000 miles away from home when this shit hits.
Living in Midland Texas is hella expensive tho
Another post simialr to this one was posted 8 hours ago on the Stonk sub, with much more detail and financial information, for those if you who would like to read it, here it is. It is a 10-20 minute read.
https://archive.ph/BbiAz
Ooh I haven't looked at Superstonks in months.
Thank you for the link!
CBDC does NOT represent FREEDOM, it represents government control. NO to CBDC.
There's your freedom! Saying no to CBDC at whatever the cost!
This is why we'll win! We say NO!
^^^ under-pfucking-rated
I had to read this three times to even start to get it but I am financially illiterate. Cliff notes would be start hoarding some cash, food and bullets, but before the second crash make sure you have spent your cash and have actual physical precious metals and crypto?
1st crash stocks, gold/silver, and crypto (possibly cars too) will drop in value. Its just a dip in the market and not the big one though I expect it'll look bad. Paper silver and Paper gold may flood the market at this time to devalue gold and silver further so it'll be cheap!
2nd crash everything will fall in value (even real estate minus farmland);except precious metals and possibly crypto will shoot up. Physical cash will become extremely valuable then because electronic payment systems won't work. You want to have already bought your gold/silver and bullets before the 2nd Crash.
Don't spend all your cash before 2nd crash, spend it before the Federal Reserve starts buying Treasury Bonds directly from the Treasury (soon after the 2nd crash). Food and resources will still be available for a short period and will be relatively cheaper. Repossed cars will be really cheap but I bet oil/gas will be crazy expensive.
After Federal Reserve starts buying Treasury Bonds directly, crypto will shoot up fast. Precious metals will go up to but not the same pace.
When Federal Reserve enacts CBDCs it will live for a period at the same time with dollars but dollars will pay an extra fee every time they are used so any extra dollars left over will be quickly gone. People will be really pissed. CBDCs will be used to create forced negative interest rates. Dollars will have a premium for staying anonymous and that extra difference in the negative interest rate from 0. It was all lined out in a previous paper I'll find and upload tomorrow.
Another reason precious metals and other hard assets counter-intuitively DROP in price at the start of a crash is that people need to sell assets to cover margin calls, higher interest rates on variable-rate debts, and so on. Those assets go back UP in price -- and then some -- but initially the panic selling tanks the price.
EXACTLY! ☝️
There won't be any cbdc where I live. It's illegal. Gold, silver, lead and food. Plus a good plan.
They made it illegal in the US if I'm not mistaken but not illegal to test and research the CBDC being made by the Federal Reserve.
The only way they can get the people to accept it is make conditions so bad they get the people to beg for it. Hence why they allowed it to be "outlawed" without much of a fight and why I think they will implement a similar plan to what I wrote.
Do you think I should keep a minimum amount in checking just to pay bills and take the rest out in cash?
That's what I'm doing.
Thank you!
Silver and gold might dip, but if there is none available to buy. The stocks will quickly be bought up. Mail will probably not run.
Venezuela in early 2000s had by far the highest % stock market increase anywhere in the world.
It was due to hyperinflating their currency. People who kept their money in stocks throughout the whole period saw their real value decrease by 19% even though the stocks "increased by record % high".
Same thing happened in Argentina.
Yes and buy some pre 1965 us silver coins, they will be handy for small trades. I expect them to be unobtainable when people FOMO into the metal market.
Who is going to be doing small trades? not large box stores, or your 711/ gas station arab stores. The facebook market karens?
If all this happens the BLM riots will look like childs play. It will be a free for all. Every suburb outside of a city will be raided.
The only hope is a military intervention and national guard patrols.
The warehouses will still be full of food and supplies. They will quickly figure out how to take silver, that shit will spoil anyways and people are not stupid, they will want sillver.
I belive it will be more of a controlled demolition, I also have gobs of food and ammo and guns.....
The employees or owners would loot them themselves.
There is this fantasy here of a bartering system popping up with gold and silver. Like people are going to line up and trade coins.
If there is a collapse expect the walking dead universe without zombies. Everything will fall at once.
"Without" the zombies??
They're already here. But instead of walking around saying "brains...brains...", it's along the lines of "Boost us...Boost us..."
Sadly only half-joking.
I read an article from a guy that spent a few years during the Bosnian war. He said food was easy. What they traded was ammo.
A guy I did some work for has a secret basement with shitloads of ammo. He’s got an arsenal. Also has a 30k water storage tank and no telling what else I didn’t see.
I can’t imagine living without air conditioning in the summer. I’m not gonna make it.
You'll make it fren!
Sounds like you just want to have fun.....
There will be people who have allot of something you want/need really bad and they may not want anything you have allot of. This is where your going to want silver.
Now if silver did go to say $500oz then your not going to be wanting to trade in oz everywhere you go so this is where the fractional silver comes into play. Specifically American because everybody and their grandmother recognizes it.
Thing is if the situation gets so bad that even the suburbs get raided then there will be no military coming to save you. These people will be saving their own. At least what hasn’t been sent to defend Israel or the Ukraine.
There are allot of people who are prepared for these situations and they have allot food, ammunition, medicine, alcohols, energy, all stored up and defended. I am guessing if you don’t understand the value of silver you are not one of those people. You will likely be one of those people running from the tranny dictator controlled city’s into the suburbs looking for somewhere to go with food and safety.
People will be there willing to help you and this is where silver will really start to make sense for you.
Seriously buy some. It’s dirt cheap imo and has always been valuable, like forever. The dollar will die all currency does but real money grows in value.
A 110 years ago silver quarter used to cost 25 cents now it cost about $5. That tells you allot. Shoot if war breaks out here and the dollar is no good that same quarter may save your life.
Well said!
I have silver but I also have about 10k to 15 k in reg coins .. 5 k in dollar coins 3k in Half dollars 5 k in quarters dimes nickels etc ,, Do you think this is worth hanging on to ,, I heard coins are not the same as paper bills , coins will always be good ,,, I don’t remember how it was explained but it made sense to me ,, do you or anyone reading this know ? Thank you!
In then sense that metal last longer than paper I can say yes. Idk to much about the value of coins that are not silver. I would imagine if some had errors they would have value.
Honestly though any of the modern coinage is made from commonly used cheap base metals and it is just currency, like the paper. Silver and gold are money. I am certainly not saying there are no circumstances that could lead to modern coinage having value. I guess at some point even base metals could be rare.
Like OP was saying cash/currency/ modern coins will be king for some weeks or months when the banks shut their doors.
Nickels are 75% copper and 25% nickel. Nickel has value now mainly because of the battery craze. also pre-1982 pennies are 95% copper. These two coins are the only real money left in circulation
If you believe that Federal Reserve Notes and more recent coins will lose most of their value (as do I), one strategy NOW could be to swap your 10k to 15k in regular coins for constitutional silver because it has actual value. Your current stash will only plunge in value, eventually becoming worthless.
A good argument could be made to swap ALL your excess FRNs and modern coins for precious metals. Expeditiously.
Once the panic starts, the opportunity to convert assets will become fleeting.
Few listen... Everybody thinks stacking and liquidating excess frns is a great idea...
Very few actually do it.
Just wait and see all the last minute Larry's trying to get PMs soon...
Are the coins face value or metal value
The metal value would be worth more which is why they retain their value compared to paper.
If the physical metal of the coin retains its value or increases in value, the coin will also still be good too!
This, very few people will have silver to trade. It'll be complete insanity. I do not expect this to happen. If it does, the plan failed.
so civil war? war for survival? how can MIL intervene if they all run to secure their loved ones ?
Terra Incognita. We will all be in uncharted territory. I think that your description of what is to come would result in quite a lot of death, and again, a real hot war within our borders will not be able to be stopped once it begins. Even our military would be targets because they represent and fight on behalf of the cabal, unless of course, the Emergency Broadcast system were to be activated to deliver a new message.
There's already been a lot of death. Covid, Ukraine, Israeli-Palestine, violence breaking out in US and Europe... This is a war.
The military is made up of our own, they will have to fight an army of illegal immigrants mixed with UN soldiers. They will win handily with retired veterans and US Citizens.
You seem to have a keen ear to the ground. Would you be able to do weekly posts regarding what you've seen change and the progress of the collapse?
It would be a great pathway to keep the conversation and analysis (both in agreement and disagreement) going.
Yeah I can do that. I am also going to school though so there's some weeks I won't be available.
Thanks for your contribution and efforts Fren!
Glad I can contribute something 😁
Yep, a little thing but we were planning to redo our front door and install a large stationary piece of glass - not anymore. When the shit hits the fan, we want a solid door. My husband is retired. His retirement and basically 90-95% of everything we own is in metals/crypto. We hold very little cash in banks - basically enough to cover bills, food. etc.. When we run low, we sell some - more gold than silver because my husband says, that in the end, silver is more valuable.
This is the best post I have read in years. This deserves a sticky and should be required reading.
outstanding analysis. Best of the best.
Thank you!
We are in a depression, just no one is calling it that yet....
We are!
The first vid link is very clear and detailed. The Fed buying creates inflation. A must see.
Tomorrow
Sounds apocalyptic. Who knows for sure?
Its not apocalyptic but it's a coming to Jesus moment if there ever was one.
In the end I can't predict the future but I think the government is getting more predictable as time goes on.
So the focus is on finance, but what happens to everything else? No utilities at all, no stores or other businesses, no food, no gas, no job to go to, no cops? Back to the Stone Age? Is this the reality in just a few months? How do the dozens of plane loads of gold that Trump clawed back from the Vatican figure into this? And how do the millions of illegals pouring across the border figure into this? The puppet masters want them here for a complete collapse?
The millions of illegals are the Cabals army to enforce their shitty policies on the people. There won't be a civil war between Republicans and Democrats, it'll be against the illegals. Many Democrats waking up now.
interesting you would mention stone age. I wonder why you would go back that far?
The fact of the matter is that modern banking started to emerge AFTER 1781. (emotion driven). The security structure put in place after the Napoleonic wars was basically 3 fold:
This was done in order to keep the under current of the French Revolution, so not the French Revolution itself, but it's underlying foundation, in check. Consider then the opposing sides. These actors are still here.
Based on this, when we move into the era before 1781, we get to full reserve banking. There are notes, banknotes, or systems that allow for electronic transfer, but it can perfectly be based on full reserve. The most spectacular bank in them days was the Amsterdam Exchange Bank.
Another issue, often overlooked, is the legal status of a corporation. it is a legal person. This has to end, as it allows for accountability to be skirted. You go to jail for fraud. Bankers pay it off rinse and repeat it. This can only happen against the backdrop of the legal status of corporations.
Insurance, international trade, local and regional trade can all be facilitated by using that same mechanism of full reserve banking. The mediums to do this are still with us. It just takes some getting used to.
I would say, we do not go back to that stone age era. But probably a more sane full reserve system.
As towards the masses of illegal immigrants. That specter will be with us for quite some time. There are ways to induce a re-migration wave over time, to make our own lands more fit to be inhabited by the people of the land. Disadvantage is, such an idea may cost money. But so does the illegal immigration system. Now that money can be put to good use.
Besides, it has been done before. Right after the WW-II, millions emigrated into Canada and Australia, pocketing emigration money.
This was modeled on the Haavra - contract to allow Jewish immigration into Palestine. The price was a 1000 pounds but if no funds or insufficient funds were the issue, the German government would happily provide the funds. This was then deposited in escrow to allow the purchase of all the goods an immigrant would need to set up his or her life out there, be it building materials, agricultural materials etc.
For all those things to happen, you must have an incentivized value system hence Finance.
Even if companies go bankrupt, people can give other people jobs. People can grow food, prep for what's coming, apply their own expertise. This can be bartered with or paid in gold/silver/crypto.
Excellent, high-effort post. And I think you could be spot-on here. We'll see.
Thank you!
After CBDC there is nothing good coming.
Once they issue CBDC for their minions - they will keep “printing” it, diluting our cash to the oblivion and buying our gold for it, because we will need to sell it to buy food.
Unless people resist or the military take action by then or those in the know release the Epstein list - unless any of the above happens we will see leftist idiots becoming a new aristocracy on CBDC supply.
Not if people decide it isn't valuable and trade with something else. Over all, the people decide what is valuable based on what they desire to transact with. If silver or crypto is desired more, it'll take over.
Greshams law applies here, I need to get back with you on this.
Also you gotta understand people will be rioting like crazy throughout this.
The government doesn't need to crash the "economy" to steal those Boomer dollars when they can create new currency and devalue those sacred and precious Boomer dollars.
The publics opinion is important, the Cabal has to make the narrative like it's the publics fult for their inability to control themselves.
If public opinion didn't matter, they wouldn't spend so much time and resources to have us think a certain way.
Yeah sure, the public's earnings being taken from them through excessive taxation, fees, and purposeful devaluation is our fault really because not enough politicians end up lucky enough to be defined as a christmas tree ornament.
Why will people beg for CBDC if they are starving and hungry?
How will they be paid in CBDC if there is no where to work because everything crashed?
If the majority of wealth disappears, who will run the servers, networks, etc that keep everything ON?
Why, in this scenario, would anyone exchange tangible goods for crypto or metal?
In this scenario, how do emergency services operate?
Does everyone in a hospital at the time of a crash get the plug pulled?
I am not a podcaster, influencer, or anon with a ton of stickies or essays to their name
but it is pretty logical this scenario of yours will never actually happen.
And by faith, nor would Jesus in heaven or Q team on Earth allow it to happen. Q said we would be okay.
Look at Canada UBI
Some things are gonna have to be voluntary for a period but many things won't work during the crash.
Because it's an easy baseline to measure value with. Bartering is inefficient but I imagine it'll take place too.
No, crash won't immediately result in everyone getting laid off but like I said there will be volunteers. It's gonna be a very difficult period. People will suffer overall.
A lot of government spending will go into keeping infrastructure running for a period of time but peoples eyes will be opened by then.
Your gonna be okay, but there's gonna be a lot of pain in the process. Just look back in history and see how's it played out before. This is the cross we will endure.
If the stock market crashes ----- the dollars will be all powerful ---- you can buy companies for nothing.
Exactly! Physical Cash!
Until the Federal Reserve directly buys Treasury bonds issued by the US Treasury, then they will devalue physical cash to nothing.
I think you're brilliant is what I think.
What do you think happens to gold and silver? The central banks have been buying it up like crazy. Are they going to pretend it is underpinning their CBDC’s or does it just get looted (by the bankers) in the chaos?
Central bankers have been buying a lot of gold, not silver. Silver is needed for medicine, electronics, chemicals, and more.
Extremely huge quantities of silver is needed for the Solar Panels and every time researchers try to make the Solar panels more efficient, it requires more silver.
I think they have bought up most of the gold in anticipation of a countermove to the CBDCs but Silver will be adopted by the people and then crypto.
They may say it underpins their CBDC, just look at BRICS nations buying up gold and see which ones are making their own CBDC (China).
I know they’re going to push hard for CBDC, but I just don’t see the appetite of the people being there. Especially after all of the boomers/retirees get screwed on any paper silver in their portfolio. What would the appeal be of a fiat currency that you can’t even hold? They’re really going to have to force it down our throats. Perhaps even by making other currencies illegal.
When people are starving and begging for a stimulus check to eat, that'll be a cbdc
I think we’re on the same page as I agree that’s how it’s going to go down. However, how does it actually play out after that? If I’m selling food in a crash scenario, the last thing I’d accept are digital credits from an institution that just blew the value out of the dollar and bullion certificates. There’s also the logistics of weather devices and networks will reliably work in this scenario. It will be a very tough sell. I think it will have to be enforced at gunpoint.
That's where you have your illegal immigrant + undercover UN army.
They won't be able to stop people from conducting business in gold/silver/crypto
Small businesses come back in a big way. People will make their own stuff again.
The crisis won't last long because at some point you will get our military men to intervene and they will be for bringing order back and they won't be on the Central Bankers side.
I expect the government to borrow and print exorbitant amounts of money to keep infrastructure going and that can work if only for the few months leftists have any further confidence in the system.
It'll take people volunteering at some point to keep necessary infrastructure up and running. There would have to be enough food to feed them.
I'd keep an eye on the bond market more than the stock market, since the bond market is orders of magnitude larger than the stock market.
Yes! And it dictates the Stock Market, Futures Market, etc.
Exeter's Pyramid
Saved. Thank you.
How do you see CBDC as freedom? I do believe we "slide" out of their money.
CBDC is not freedom.
The people choosing to not use CBDC is.
We "slide" out by demanding and transacting with an alternative to CBDCs. Gold/silver/crypto/ or barter with bullets/food/resources.
I think there's something to be said about COG EOs in place...as destabilized currency would definitely be a threat to national security.
I believe they've kept everything going this far - and anyone who's got one foot firmly planted in reality knows just how fragile things really are AND how we're all living WAY beyond our means... What do we produce again? Where's the money coming from? (Quick close Oz's curtain!!!)
Sounds pretty accurate except for the part about crypto. Unbacked crypto has no value. Only Gold and Silver are money. Something like the Kinesis Monetary System is the future of currency. 100% allocated physical Gold and Silver digitized and usable on the blockchain. It is like having a Gold and Silver bank account with a debit card.
Physical Gold and Silver in our possession is the safest thing until the dust settles. IMO. People invested in crypto are about to learn the difference between money and currency.
Crypto doesn't need backing of something physical if it has all the properties of a sound currency.
Unit of Account - Consistency in measuring prices
Medium of Exchange
Store of Value
Fiat money does not have a good store of value.
Gold and silver can be said to be a poor medium of exchange because of transportation costs (unless local). Gold and silver is not good for long distance trading and a country doing business solely using precious metals as a currency will degrade dramatically because of all the extra resources in security, transportation, and time to process transactions.
Also, the stupidity of crypto or fiat being valuable because it is "backed by something physical" is that you have to trust a 3rd party is correctly reporting those numbers all the time. Unless you have a reasonable method, that 3rd party reporting is always centralized and at some point when given that kind of power, they always eventually fudge the numbers in some way to gain more power. This is also the biggest problem with trusting 3rd parties (aka Banks) with physical gold and silver.
A Crypto just has to be accepted by people to use for it to have value. It needs a finite amount, needs to be scalable, secure, decentralized, have low fees, and open source code for everyone to read.
Physical gold and silver will push our civilization and resources we can use backwards. Crypto propels us beyond our limits. You are about to find out what a difference that is.
I have my money somewhere it can not lose its value.
Would you like to help us out with this advice?
If you have “money” then it will 100% lose value. If you have converted your wealth to virtually anything tangible and useful it will hold some value. The trouble is predicting what your community will find valuable and that you can trade with.
Food/Bullets/Resources for survival.
We have a community of around 75 who have settled together in Nevada. We grow most of our own food and conduct a lot of trading internally. We have many skilled people within our group, so we very rarely have to go outside of our community for services.
Ooh so lucky! I am envious of you, I think you will be relatively cozy during this time.
Where's that?