Quote:
Originally Posted by Agent 488
if things did collapse most likely a new fiat currency would appear approved and controlled by your town, state, community council whatever. there isn't enough gold to go around to make it realistic.
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No doubt there would be a new currency pop up sooner or later, and guess who's going to be able to have a lot of it? Those who can trade gold and silver (or other tangibles) for it.
Guess who's going to get shafted into poverty? Those who were only holding dollars, which would then be worthless and unable to trade for the new currency.
Don't worry about if a new currency will be backed by gold or not, worry about what you're going to be left holding if it all falls apart, and how you are going to get your hands on that new currency if you have nothing to trade for it. No one, and I mean no one, is going to be driving down the streets giving it away for free, and you can bet your ass that your bank, who was at one time holding $100k for you, is going to trade your $100k worth of toilet paper for 100k worth of a new currency, fiat or otherwise.
In a worst case scenario, and a new currency is introduced, if you're not in a position to have something to buy it with, you're going to be living in a van down by the river. And when it comes, it will happen overnight and without warning.