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Those of us who lived through the fall of communism in Eastern Europe know exactly what it's like to survive when money is worthless, and it's not pretty. Wort
by oppositelock 8y ago
Those of us who lived through the fall of communism in Eastern Europe know exactly what it's like to survive when money is worthless, and it's not pretty.
Worthless money doesn't quite destroy the country's infrastructure, so you have water, and electricity, unreliably. It's good to stockpile water.
Shelter will generally be ok. If you've got a place to live, the economy collapsing around you doesn't remove it - the people who own it or run it have their own worries. You can stay where you are. If you have debt, good news, you can sell a pair of shoes and repay your house loan.
Food is harder, since everyone wants it, but worthless currency doesn't entice anyone to transport it. Farmers do ok, as they grow their own food, but getting it to others is more difficult. You will be paying high prices for food in a foreign currency on the black market, but your idiot local government will try to destroy black markets, despite them being the only real access to goods.
This is unlikely in the US, but if you're worried, put a tiny bit of your savings into gold and silver coins, and have a good supply of non-perishable food, and some sort of access to water. The regimes which cause these kinds of problems collapse soon thereafter, so you just have to last it out. Learn useful skills - fixing cars, plumbing, whatever, and you'll be marketable in such a situation. Higher order skills become kind of useless compared to the day-to-day ones needed to keep stuff working.
- deleted 8y ago[deleted]