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Re: The Adonis: Why won't people accept paper cash in a crash?
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Published: 12 years ago
This is a reply to # 1,512,018

Re: The Adonis: Why won't people accept paper cash in a crash?

Simply put.

I dont think it goes about a crash on the stock exchange. Not yet.

That would be bad news if you had shares that had crashed.

To prevent the crash, or hold up the system, the FED resorts to pumping a whopping amount of money into the system.

You then have more money chasing the same amount of goods.

The price of the goods begins to rise.

This is called Inflation. This is what we are seeing now.

At some point in the VERY NEAR future, because of the awesome amount of printed (digitized) money flooding the system, this money shows up faster and faster into the system, inflation then becomes HYPERINFLATION.

Prices go up first weekly then daily then hourly.

The fed does this to stop the system imploding. They dont want a deflationary depresion as in 1932. Their only fix is to throw trillions of dollars at the system.

This is akin to putting fuel on the fire.
This is akin to giving a crack addict more heroin.

This is not going to end well.

The wheel barrow you use to wheel in the pile of paper money to pay for a cup of coffee is worth more than the money in the wheel barrow.

This happened in the Weimar republic in 1920's.
This happened in Argentina a decade or two back.
This happened in Zimbabwe last year. I was there. I saw it with my own eyes.

Gold and silver coins/bullion etc see a masssive rise in the dollar cost of such coins. IE They maintain their purchasing power.

It is your only safe bet in when the doodoo hits the fan.

Look for rapidly rising prices of basics you need. Food Energy Shelter.

Look for a massive rise in the price of gold. We are seeing that now.

Keep some of your saving in gold or silver coins.
Keep very little in the banks. Watch for bank runs.

Each week the news tells you of another failed bank.

Another bank failed last weekend, bring the year total to 99.

Lots more to come.

The advice on this forum is excellent.

Keep preparing.


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