Home Forums Hunting & Shooting Hunter's Campfire Dollar Collapse

Okay, I know, I know, people are forever forecasting the end of the world, but really it is not if but when, no? The US is going to devalue it's own currency placating interest groups and trying to survive "crisis". 2020 shows us how fragile the whole system really is.

Are you doing anything to prepare?

Those who study history are always prepared. The smart don't wait until a crisis is at hand.

Supplies are cheap when times appear good. Guns, food, ammo, for some reason the prices of these commodities is much higher right now.

Do you have proof of this or are you just guessing.

I keep an emergency supply of silver including lots of mercury dimes and got out of debt. I'm trying to build up a two year emergency fund and keep thinking about buying some bitcoin.

Paid off the house last year so our major expenses are insurance and taxes. Working on rebuilding the food storage, lots of our canned goods are out of date, and doubled the garden size this spring and planted several fruit trees.

Bb

Dollar is at a decade long high. Us exporters are getting killed, and Chicom imports are dirt cheap. I ain't skeered of a lower greenback.

I started preparing 24 years ago. I live way out in the country. Have a wood stove, let's see, for some reason I just stocked up with a 2 year supply of firewood. Lots of work.
Have a propane cook stove and a full propane tank. Have a spring to get water if the well fails. Have an 18 month supply of food.

I don't want it to happen I have no romantic illusions. But if it is to start, "Let The Games Begin." It will be interesting.

How in the world could I have proof. Your question makes no sense.

Yes, it is, so I agree conventional economics says we are okay, but the most important lesson this year should teach us is that it will NOT be economics that drives the collapse. No?

Welcome to the party.... all fiat currency through out history collapse.... the question is when?

No?

All wars are founded in economics.

The dollar will collapse just as soon as there’s a better alternative. There’s no alternative on the horizon. In fact alternatives are fading and the dollar is more dominant today that at any time I can think of. Every commodity is quoted in dollars. Even when the actual currency traded isn’t dollars all valuations are calculated in dollars.

The dollar is king. Everyone wants dollars!

BTW , gold is a commodity traded in dollars. It’s a commodity with limited uses so when times get really tough it will be worthless. Food , energy , weapons , etc will all be valuable as trade but gold needs a functioning market to have value.

No, we are not ok. The dollar is way too high, and needs to come down for the US to compete internationally.

Yes?

This is a good point. All value is fiat value in a sense, though. Schiff says in a total collapse gold will hold value through black market economies. So it's value is not because it can be used to make things, but because even in collapse we need some form of exchange for goods. A pure barter economy is not practical.

Your response has nothing to do with a collapse driven by outside non-economic events.

I realize that conventional economic indicators say we are not facing an immanent collapse, but as I said external non-economic events can have very precipitous effects on economics. This year shows us that it takes very small physical reality changes to trigger major economic reactions.

Betton Woods (sp). If you wondering about a dollar collapse, you have to understand it.