what happens when a currency collapses

It is highly unlikely that even the most dire events would lead to a collapse. If people can’t afford their electric bill, post-economic collapse, they are going to need access to safe water, and a water filter provides that. We’ve established that money becomes worthless during an economic collapse. The signs of imminent failure are difficult for most people to see. During a global economic collapse, the hard currency will be items like food, matches, and fuel. During a localized economic collapse, people will probably switch to another currency (such as how Venezuelans use dollars). Martial Law is Enacted. Here’s what would happen if the trucks stopped. The U.S. dollar could lose its place as the world’s reserve currency, but that won’t happen overnight…just as the transition from the British pound to the U.S. dollar as the world’s reserve currency didn’t happen overnight. So when the U.S dollar inevitably collapses, if you think this 21st-century U.S administration won’t pursue your precious metals stash, you’ll be … That includes water. In an attempt to curb some of the violence and chaos that ensues after an economic collapse, the government will likely enact martial law and turn over the governance of the people to the police and military. There are hundreds of examples throughout history (and also some very recent ones) which all point to exactly where we are in our Currency-Lifecycle. “The US dollar is about to collapse and when it does, gold is going to take its place. 12. What is money when the system collapses and the SHTF? In disaster situations, the value of money as we know it now, changes, especially if we are dealing with a hyperinflationary collapse of the system’s core currency. If the U.S. economy were to collapse, it would happen quickly, because the surprise factor is a one of the likely causes of a potential collapse. Ammo – I truly believe that this will be one of the most practical and widely accepted forms of currency. The U.S. economy's size makes it resilient. So, this is a real race and you have to get out of the dollar before it’s too late,” Schiff said. (Market Oracle) Jeff Thomas writes: Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the The debt will collapse, and it will fall in the hands of the American taxpayer. 5. This article discusses money as a commodity in an event where the traditional currency (US Dollar) is no longer valuable. Immigrant Invasion of the U.S. – the zero budget for the border wall is going leave the government forced to put a cardboard fence which won’t do much for security. A collapse of the euro would affect more countries than those in Europe, although in uncertain ways. It’s been used before as a currency, and it’ll be used again. Instead, hard currency reigns supreme. Any immediate and drastic effect from the U.S. dollar falling from this position is unlikely. The bottom can drop out of the dollar any day, and gold could go through the roof any day.

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