Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Average Joe on the street: "I don't believe physical money with intrinsic value (silver, gold coins) will ever come back. If WW3 happens then what will be back is barter. In a post-apocalyptic world, silver and gold matter much less than clean water or better a way to make it, food, guns and bullets, etc."
Other person: "So you don't own any gold or silver?"
Average Joe: "Nope."
Other person: "So I'm assuming that by your previous statement then that you've at least stocked up on clean water, food, guns, and bullets in case WW3 did happen?"
Average Joe: "Well, no, not really. I live in a one bedroom house in the city."
Lol, irony.
Other person: "So you don't own any gold or silver?"
Average Joe: "Nope."
Other person: "So I'm assuming that by your previous statement then that you've at least stocked up on clean water, food, guns, and bullets in case WW3 did happen?"
Average Joe: "Well, no, not really. I live in a one bedroom house in the city."
Lol, irony.
silver and gold would have value for a 5-10 day period when people believed it was just a blip. if it ain't a blip then they are pieces of metal that take up space in your pocket and nothing else. maybe they'd be worth something a couple of generations down the line if the world was ever rebuilt.
^^^^THIS ^^^^
Even having some fertile land in which to grow food will mean almost nothing. Do you think you will be a happy farmer? No.... People will go to take it from you. Without any form of social "government" there is absolutely no productivity. You eat what you take, you take what you can...
But.. But... It is MY land, those are my resources!... yeah, right, go tell em.
Only after there is some EXCEDENTS there will be trade.... and for excedents to be there needs to be productivity.... or a crazy huge population reduction. Yep, only after the population gets to way less than 1% what it is now there will only be chaos, starving, diseases, death, murder, canibalisation,.... The horror.
Only the social construction we have nowadays have allowed the population to grow to current levels and develop the means to sustain it reasonably.
No matter how much someone prepares for an apocaliptic world.... You won't be.
Even in local temporal recent catastrophes money (in any form) was of almost no use.
Why are we even talking about this anyway?