What should we do after fiat currency fails?

[Denny]

Regarding the OP, if one currency collapses, they'll create another out of thin air, like they did with the Euro.

LOL... just like that, huh?

Who all will it involve? Are we going to share monetary policies with other countries?

I'll be the first to drop in a big negative to that one.

[YALE]

Regarding the OP, if one currency collapses, they'll create another out of thin air, like they did with the Euro.

I know that's a short term solution, I'm talking about a global systematic shift, like a return to mercantilism or something (bad example, but you get my drift). Like let's say we grow out of the system we have, or it ceases to function efficiently for us. This wouldn't just be a currency collapse, but a failure on the part of the financial structure to meet the economy's needs. What then?

[aggie97]

i'm ignorant to all this financial mumbo jumbo...but what if:

1. The US defaults and says "sorry" to it's investors in our debt...?

2. Declares bankruptcy and zeroes all our debt payments. It worked for GM!

3. does like 90% of the folks in the US and just walks away from debts..?

Probably WW3....but...the dollar remains a viable currency IN THE US. The system for trading dollars for goods and services still exists. Only thing we lose is the ability to provide ourselves oil and shitty goods not made here in the USA.

So, if we could keep this train a rollin' for another 10 years, partake in a form of "nationalism" and becoming self sufficient again for most every day services while putting a 20-30% tarriff on imports to incourage manufacturing here in the USA...i'm rambling and losing track of my point....but the only solution that keeps the politicians in office is a large scale war. Letting the dollar fail does them no good because we kill them.

It's late...my brain isn't working so I am going to go clean my firearms and check the pantry.

night!

[YALE]

i'm ignorant to all this financial mumbo jumbo...but what if:

1. The US defaults and says "sorry" to it's investors in our debt...?

2. Declares bankruptcy and zeroes all our debt payments. It worked for GM!

3. does like 90% of the folks in the US and just walks away from debts..?

Probably WW3....but...the dollar remains a viable currency IN THE US. The system for trading dollars for goods and services still exists. Only thing we lose is the ability to provide ourselves oil and shitty goods not made here in the USA.

So, if we could keep this train a rollin' for another 10 years, partake in a form of "nationalism" and becoming self sufficient again for most every day services while putting a 20-30% tarriff on imports to incourage manufacturing here in the USA...i'm rambling and losing track of my point....but the only solution that keeps the politicians in office is a large scale war. Letting the dollar fail does them no good because we kill them.

It's late...my brain isn't working so I am going to go clean my firearms and check the pantry.

night!

Default for the purposes of Isolationism might work, but first we'd have to borrow to rebuild our manufacturing base, and restructure public education to suit it. We've still got an early 20th century style factory school system, which is doing us no favors, and we've dismantled manufacturing in this country wholesale. We'd spend long time not being able to defend ourselves through a lack of materials while we built it up. Recycling would have to be at an insane level (to the point that we start mining old landfills for plastic and metal, not to mention a seizure of old cars that would make cash for clunkers look like a pretty please with sugar on top), and people would have to lower their expectations of quality of life drastically. More likely than that, a large scale default would probably plunge this country into chaos.

[Denny]

Default for the purposes of Isolationism might work, but first we'd have to borrow to rebuild our manufacturing base, and restructure public education to suit it. We've still got an early 20th century style factory school system, which is doing us no favors, and we've dismantled manufacturing in this country wholesale. We'd spend long time not being able to defend ourselves through a lack of materials while we built it up. Recycling would have to be at an insane level (to the point that we start mining old landfills for plastic and metal, not to mention a seizure of old cars that would make cash for clunkers look like a pretty please with sugar on top), and people would have to lower their expectations of quality of life drastically. More likely than that, a large scale default would probably plunge this country into chaos.

Don't forget to mention that our currency would be worth absolutely crap almost immediately. Our currency is based off of our government's promise to pay. Without that, I'd rather be holding Charmin... better quality paper for my ass.

[YALE]

Don't forget to mention that our currency would be worth absolutely crap almost immediately. Our currency is based off of our government's promise to pay. Without that, I'd rather be holding Charmin... better quality paper for my ass.

Just remember when this all goes to hell, you and Uncle Al can depend on me as a hired gun. I'm not far enough ahead of the curve to be landed gentry like you two.

[Denny]

Just remember when this all goes to hell, you and Uncle Al can depend on me as a hired gun. I'm not far enough ahead of the curve to be landed gentry like you two.

Hired gun with benefits?

[SMEGMA STENCH]

Right after fiat currency fails, you should probly start hoarding food and plant a garden real damn fast. Might want a gun or two, to run off people trying to steal your food. Course I guess if you kill the people, you could eat them. That might help you survive a little.

[Pro88LX]

[Denny]

Right after fiat currency fails, you should probly start hoarding food and plant a garden real damn fast. Might want a gun or two, to run off people trying to steal your food. Course I guess if you kill the people, you could eat them. That might help you survive a little.

Actually, I've pretty much thought of every option... EVERY OPTION in this scenario.

I think eating human meat would taste like complete crap. Think of our diets with all the chemicals and preservatives we eat, not to mention all the vaccinations, medicines, vitamins, etc.

The animal's diet plays a role in the taste of the meat.

[Pro88LX]

Actually, I've pretty much thought of every option... EVERY OPTION in this scenario.

I think eating human meat would taste like complete crap. Think of our diets with all the chemicals and preservatives we eat, not to mention all the vaccinations, medicines, vitamins, etc.

The animal's diet plays a role in the taste of the meat.

Franks red hot......i put that shit on everything.

[Denny]

Franks red hot......i put that shit on everything.

I keep my youngest away from any meds and GMO foods, just in case. He's the meaty one of the family.

[Pro88LX]

I keep my youngest away from any meds and GMO foods, just in case. He's the meaty one of the family.

Plus, he hasn't been around too long, so you're the least attached to him. Makes sense.....

[Denny]

Plus, he hasn't been around too long, so you're the least attached to him. Makes sense.....

That too, but I also go by productivity. I can get more out of a 15 year old than I can a 3 year old.

[Pro88LX]

That too, but I also go by productivity. I can get more out of a 15 year old than I can a 3 year old.

Well for a few years anyways until he turns 18 and starts his own post apocalyptic compound.