I voted for, "When they can't afford a loaf of bread!" but I recall a quote by Aleksandr Solzhenitsyn talking about a father whom continued to defend communism in the gulags as he feed his children his shoes. There are many misattributed quotes linked to Solzhenitsyn so I don't know from what book. I think people are too comfortable right now as it pertains to money. 6 of my neighbors purchased 2nd and 3rd cars this year. As soon as the money runs out everywhere it will be too late but according Aleksandr it won't make any difference.
Money quickly becomes worthless in a SHTF scenario. I just wish I were really good at sniffing hyper-inflation right before it happens. I'd dump everything: savings, bank accounts, credit-cards, lines of credit: all of it, on BTC. Keep in mind: in this scenario, I've already stocked-up on prepper supplies by the time IT'S HAPPENING™. Walk-away from currency and trade/barter what real-world assets I've built up. Cross my fingers and hope that once shit stabilizes, people still use BTC in parts of the world that didn't get stone-age'd.
Real inflation is up 25-50% this year (depending on the sector you're looking at).
Next year that number will be more like 50-75%.
At least you saved 16 cents during 4th of July
by the time IT'S HAPPENING™.
Soon™.
(post is archived)