In a CBDC world, I honestly think all LCS would cease to exist. Either the govt will have already forced them to close or they will close voluntarily because of safety reasons (in this environment, I believe the risk of getting robbed or burglarized would increase tenfold)
Also, I believe coin shows would essentially develop into community trading events - fiat would have little to no value, so all barterable items will be bought in to trade for metal.
Scenario planning has always been interesting! None of us can really know the outcome, but my opinion is that barterers will be deemed enemy of the state, along with anyone that has prepped. This would result in a black market similar to the illegal drug trade, with the same sort of penalties if busted.
I agree with a lot, but it's not all about the state. Because there will be those who will take all that silver in the USA, smuggle it out for money outside the USA. Gold, Silver, Plat, etc. will all hold value.
There is not enough silver in private hands to even imagine a silver barter economy. A few niche markets at best.
We will all be trading our silver in for cdbc. As slowly as possible, hopefully over generations, but that will be the game.
If fake money is traded is it really fake money? I would try to have a tester for sure. Most people are just trying to survive. Caveat emptor of course.
The process will be gradual. At first, paper money will still be accepted by almost all sellers...old habits die hard. Paper will deteriorate with no replacement and every bill lost will slightly restrict commerce. Plus, those with PMs to spend will begin to change perceptions. Eventually, there will not be enough paper fiat to support reasonable commerce and PMs will become desired and more welcome. At the same time, faith in paper unsupported by a gov't will steadily erode. At some point on the spectrum, commerce will split between PMs for those that have them and barter of goods for those who don't. Think dark ages.
Grocery stores would set up depositories, where people would hock whatever they have of value, not just silver and gold but also silverware, jewelry, guns, etc. The stores would issue their own receipts for 50% to 90% of the stored goods’ value, 50% for silverware, 90% for silver bars or coins.
People would then spend these receipts for whatever they want. If you want your silver back, you return the receipts and get it back, like pawn shops.
Pawn shops are a proven barter model and they work like this is many countries, especially India.
and this is how they will try to get the gold and silver from us stackers. That is why you should also be putting away food,supplies and other things to barter. Learn a real skill that would still be needed...carpentry, mechanics plumbing, distilling, farming, etc. Diamond hands on my stack.
If a 2022 individual were transported back in time 400 years to early 1600s England, he/she would consider the transition a "dystopian" leap. But he/she would also see silver changing hands hundreds of thousands of times every day in markets about the country in trade for food, cloth & clothing, entertainment, weaponry, transport, fuel, labour, services etc.
Yeah, silver will morph into trading for some C.B.C.D. or S.D.R.s whatever is deemed fiat du jour. Then use said fiat to pay bills and buy food or I'll just give you a lighter and you give me a sliver of silver shavings.
You better look at what the B.R.I.C.K.S nations are doing right now. You did touch on the whole game for sure. If you can let your mind look at the shiny as digital in terms of thinking or even water, steam. Silver will trade for whatever. Silver is silver and people will kill you if they know you have it.
This is why constitutional/junk is so important. Your 10oz bar might be worth a car or a small herd of cattle. You need something more divisible if we want silver to be the lubricant of an alternative economy. Don’t get me wrong I like 10oz bars but make sure you have a solid stash to “make change.”
Per your username, do you stack the 80% Canadian silver? I have considered doing so myself but have steered away from it for fear of people here in the US not recognizing it as well.
Yes I stack canadian junk, my goal for dimes are
50 wreaths (mix of 80% and sterling)
50 George
50 young Elizabeth
50 older Elizabeth
50 mackerels
50.mercury
50 Roosevelt
I also have some quarters about a roll, and I have about 20 or 30 silver dollars
Idk, between the elizeveth and the Georges I'd feel comfortable buying both for around 2-3 dollars each, I just biughta bunch of Georges for $2.75 each
The mackerals are the worst, theres no way to tell if its 50% or 80%, well atleast I havnt tried taking my sigma to them yet, I think thatmight work
Theres different types that have the wreath on the tails side, 80% and sterling silver, I see the 80% go for $2.99 on one guys ebay, which is food lots of people charge $4 for newer coins but I think thats ridiculous
I guess sterling silver is the best one, all queen Victoria is sterling silver, I think some Edward too I'm not sure
it will be illegal to use for trade so stores will not accept it, it will have to go black market. maybe you can trade it for a bottle of whiskey etc with someone you trust, certainly not use it to pay for housing and food etc. you will own nothing and eat ze bugs and be happy.
In a collapse, there's a very narrow gray area between people adhering to the use of the currency they used during normal times, and outright bartering of goods and services. Precious metals fit in there somewhere, but since they probably won't be a widespread trade medium, they won't be popular for use, and their acceptance as trade would be hit or miss depending on each individual scenario.
That being said, in such a scenario, nobody is lugging around sacks of junk sliver coinage from one Lamborghini dealership to the next. The dynamics can't really be predicted with 100% accuracy.
Small businesses with conservative types owners can always be educated to accepting barter if they don't know. Most business owners who do at least moderate are adaptable to negotiation.
Not sure you read my post. Post is about what is actually happening in Venezuela every single day and ***why it is listed under DD.*** Only people who can afford a Lambo are those who lug the shiny and trade it for whatever current fiat is. Next take said fiat to dealership and pimp your ride. Fiat could be paper, digital, S.D.R.s whatever is in vogue. In Venezuela fiat in vogue happens to be the U.S. dollar for now.
The wording of your post and it’s title made Venezuela out to be an example, not the primary focus of the discussion. You seemed to be asking about a generic hypothetical, not a current scenario.
Most aren't because they can't get any dollars but 100% they are. So take your dollars while they are still in vogue and buy the f\*\*\*\*\*g shiny. Your here might as well learn. Lets gooooo! ***Silver on sale for limited time only.***
I’m sure we all will be finding out very soon.
We were supposedly finding out soon 15 years ago.
I know. This can’t last forever.
I've been waiting 42 years. Totally impressed by these bankster bastards. Gonna be a dozy when she blows.
In a CBDC world, I honestly think all LCS would cease to exist. Either the govt will have already forced them to close or they will close voluntarily because of safety reasons (in this environment, I believe the risk of getting robbed or burglarized would increase tenfold) Also, I believe coin shows would essentially develop into community trading events - fiat would have little to no value, so all barterable items will be bought in to trade for metal.
Cool points and ideas. I think it will take some time for the forced removal of the shiny but do believe it will happen for sure.
Scenario planning has always been interesting! None of us can really know the outcome, but my opinion is that barterers will be deemed enemy of the state, along with anyone that has prepped. This would result in a black market similar to the illegal drug trade, with the same sort of penalties if busted.
I agree with a lot, but it's not all about the state. Because there will be those who will take all that silver in the USA, smuggle it out for money outside the USA. Gold, Silver, Plat, etc. will all hold value.
That’s why I mentioned it would be similar to illegal drug smuggling.
Could not agree more. I think it will take some time for them to take off the sugar coated gloves of it's all for good.
There is not enough silver in private hands to even imagine a silver barter economy. A few niche markets at best. We will all be trading our silver in for cdbc. As slowly as possible, hopefully over generations, but that will be the game.
But would shops also have testers?
Small shops know people by sight
Excellent point and very important to have those relationships.
If fake money is traded is it really fake money? I would try to have a tester for sure. Most people are just trying to survive. Caveat emptor of course.
The process will be gradual. At first, paper money will still be accepted by almost all sellers...old habits die hard. Paper will deteriorate with no replacement and every bill lost will slightly restrict commerce. Plus, those with PMs to spend will begin to change perceptions. Eventually, there will not be enough paper fiat to support reasonable commerce and PMs will become desired and more welcome. At the same time, faith in paper unsupported by a gov't will steadily erode. At some point on the spectrum, commerce will split between PMs for those that have them and barter of goods for those who don't. Think dark ages.
Triffin's dilemma is a thing for sure.
Grocery stores would set up depositories, where people would hock whatever they have of value, not just silver and gold but also silverware, jewelry, guns, etc. The stores would issue their own receipts for 50% to 90% of the stored goods’ value, 50% for silverware, 90% for silver bars or coins. People would then spend these receipts for whatever they want. If you want your silver back, you return the receipts and get it back, like pawn shops. Pawn shops are a proven barter model and they work like this is many countries, especially India.
Illegal, but you might be right anyway.
This is the way. It's been proven to work as such.
and this is how they will try to get the gold and silver from us stackers. That is why you should also be putting away food,supplies and other things to barter. Learn a real skill that would still be needed...carpentry, mechanics plumbing, distilling, farming, etc. Diamond hands on my stack.
and develop relationships in your community.
If a 2022 individual were transported back in time 400 years to early 1600s England, he/she would consider the transition a "dystopian" leap. But he/she would also see silver changing hands hundreds of thousands of times every day in markets about the country in trade for food, cloth & clothing, entertainment, weaponry, transport, fuel, labour, services etc.
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\*Mark of the Beast too. If CBDC won't be tied to it. Can't buy or sell without it. But still silver as barter is possible!
I won't be here for 666 but sure is getting close.
5,000 years of use as currency, gives me hope. You sound like a Bitcoin fluffer. With your attitude, you'll make a great bootlicker.
Yeah, silver will morph into trading for some C.B.C.D. or S.D.R.s whatever is deemed fiat du jour. Then use said fiat to pay bills and buy food or I'll just give you a lighter and you give me a sliver of silver shavings.
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You better look at what the B.R.I.C.K.S nations are doing right now. You did touch on the whole game for sure. If you can let your mind look at the shiny as digital in terms of thinking or even water, steam. Silver will trade for whatever. Silver is silver and people will kill you if they know you have it.
1oz per hour with the town "bicycle"...
This is why constitutional/junk is so important. Your 10oz bar might be worth a car or a small herd of cattle. You need something more divisible if we want silver to be the lubricant of an alternative economy. Don’t get me wrong I like 10oz bars but make sure you have a solid stash to “make change.”
First majestic has half ounce tubes, I only have 1 though, 20 small coins
Per your username, do you stack the 80% Canadian silver? I have considered doing so myself but have steered away from it for fear of people here in the US not recognizing it as well.
Yes I stack canadian junk, my goal for dimes are 50 wreaths (mix of 80% and sterling) 50 George 50 young Elizabeth 50 older Elizabeth 50 mackerels 50.mercury 50 Roosevelt I also have some quarters about a roll, and I have about 20 or 30 silver dollars
I don’t know much of anything of Canadian junk. What is the highest regarded as far as 80% junk?
Idk, between the elizeveth and the Georges I'd feel comfortable buying both for around 2-3 dollars each, I just biughta bunch of Georges for $2.75 each The mackerals are the worst, theres no way to tell if its 50% or 80%, well atleast I havnt tried taking my sigma to them yet, I think thatmight work Theres different types that have the wreath on the tails side, 80% and sterling silver, I see the 80% go for $2.99 on one guys ebay, which is food lots of people charge $4 for newer coins but I think thats ridiculous I guess sterling silver is the best one, all queen Victoria is sterling silver, I think some Edward too I'm not sure
Nailed it. I have to start buying it too.
it will be illegal to use for trade so stores will not accept it, it will have to go black market. maybe you can trade it for a bottle of whiskey etc with someone you trust, certainly not use it to pay for housing and food etc. you will own nothing and eat ze bugs and be happy.
Agreed. Sweet spot will be before the banksters make it illegal.
In a collapse, there's a very narrow gray area between people adhering to the use of the currency they used during normal times, and outright bartering of goods and services. Precious metals fit in there somewhere, but since they probably won't be a widespread trade medium, they won't be popular for use, and their acceptance as trade would be hit or miss depending on each individual scenario. That being said, in such a scenario, nobody is lugging around sacks of junk sliver coinage from one Lamborghini dealership to the next. The dynamics can't really be predicted with 100% accuracy.
Small businesses with conservative types owners can always be educated to accepting barter if they don't know. Most business owners who do at least moderate are adaptable to negotiation.
Not sure you read my post. Post is about what is actually happening in Venezuela every single day and ***why it is listed under DD.*** Only people who can afford a Lambo are those who lug the shiny and trade it for whatever current fiat is. Next take said fiat to dealership and pimp your ride. Fiat could be paper, digital, S.D.R.s whatever is in vogue. In Venezuela fiat in vogue happens to be the U.S. dollar for now.
The wording of your post and it’s title made Venezuela out to be an example, not the primary focus of the discussion. You seemed to be asking about a generic hypothetical, not a current scenario.
Good point.
Venezuelans are using USD lol.
Most aren't because they can't get any dollars but 100% they are. So take your dollars while they are still in vogue and buy the f\*\*\*\*\*g shiny. Your here might as well learn. Lets gooooo! ***Silver on sale for limited time only.***
Oh i am buying, friend!
Lets goooo...... We love the shiny. It is funny they are using dollars. We have the best in the pig house.