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> If we suffer an economic collapse (whatever the cause), we're taking the world with us. As such, there is no currency with the properties that people are look
by greghinch 13y ago
> If we suffer an economic collapse (whatever the cause), we're taking the world with us. As such, there is no currency with the properties that people are looking for.
Yes exactly. And I hear too many people in the US say they feel like we are on the verge of some kind of massive revolution or civil war, which seems preposterous to me. Your average person would rather just get by than get involved in a bloody, civil conflict. There is a growing economic divide in the US, as well as a somewhat large rate of unemployment (mostly made up of the young and self-entitled, and older folks who's skills have become fairly obsolete), but compare it to countries where there have been actual civil wars in recent times and we're nowhere near that level of destitution and disparity. You need to get into multi-generational inequity, corruption, and despair before enough people will put aside their own relative comfortable complacency to get involved in armed conflict.
So buying gold for the coming apocalypse is silly.
- white_devil 13y agoOur economies are finally about to collapse under the weight of their impossibility, and that's likely to cause some kind of upheaval. That's not about Ethnic Group A hating Ethnic Group B, even though something like that may well happen all around Europe, for example. Economic rebalancing/calamity will come first though.