If there is an apocalypse scenario and nobody knows what the dollar is worth the electrical plants will be paid in Crypto. The reason there has been such an astronomical rise in prices is due to corporations and banks adding it to their balance sheets. Unlike whatever book keeping the Federal Reserve is doing the Crypto ledgers are open and clear on who owns what.
It is a short squeeze you amazing idiot.
It'd just become more scarce since the only ones mining would be the guys who own a defunct Chinese hydro plant.
Doomers will tell you within a year tops but realistically the charade will go on for quite a while, at least to the eyes of the general public.
Likely never. Unlike the reichsmark, USD is backed by USDoD and remains the de facto world currency for trading natural resources that upholds its value. Gold standard or not, the consequence is the same, and if those things were to change we'll have bigger problems than inflation anyway.
Really underscores how GME has become the plaything for financial institutions like Hedge funds. The quick drop yesterday was almost certainly initiated by a big holder dumping their holdings, and it looks like similar events will continue in the near future. I'd guess the reason they're doing this so blatantly is that the Reddit craze is an easy way to explain away their role in manipulating the stock. After all the people in charge of passing bills to regulate them are demented boomers.
Where is the short squeeze, genius? Can you even Greek?
How about stop printing money that has zero relation to productivity or anything else?
Exactly. Nothing makes sense right now.
Agreed, any suggestions?
Its not what you have but who you got on your side and what you can do.
So what you are saying is stock up on toilet paper and lighters?
Some basics would be to acquire a camping stove and some fuel for it, because without it most people wouldn't know how to cook or boil water without electricity (I do know how to start a fire in theory, but I don't have much practical experience and there are some cases where it is unfeasible). A reasonably sized solar panel and an apparatus that can recharge batteries, if you care enough for that. Water purification tablets, although you can't use them regularly because that would be potentially unsafe for your health. A wool blanket, a shovel, a pick-axe, some construction tools, a wood axe, a wedge to split wood. Antibiotics (no idea how to acquire those, admittedly), antiseptics, OTC medication, bandages and whatnot. Seeds for vegetables and fruits, and books that contain information about how to farm, how to build a shelter, what to forage and what to avoid. Salt, spices (so that you don't feel like you're eating cardboard every day) and dried food products that can be stored in bulk.
and batteries.
Just a thought for you-
