Message from @Goblin_Slayer_Floki
Discord ID: 524451297613578241
Fair enough. I just feel like there's more "magic money" than "real money" (even in federal spreadsheets) out there in circulation
And more so if faith in the currency is fully lost. The true value of a currency isnt how much is in circulation, but overall faith in the currency especially compared to others
Yea over printing devalues due to this. But in some cases say the german marcs they never overprinted. The public faith in the currency compared to the prospects of the euro crashed its value.
And then there's the possibility of the Dollar being derated in its credit rating
That comes with the defaulting as public faith in the value falls. The issue is if the dollar crashes that bad and banks fail, it would send a ripple through the world that will make 2008 and 29 look like a nice summer day.
Especially when the economic crash moves into other aspects like defense, housing, support, ect.
The 08 recession gave a snapshot. It hit everyone from japan to germany. Only those without so much of a private property set up (like china) escaped it. However, this hypothetical one would leave no one unscathed.
a currency collapse could.........technically (in the case of the US) be not so horrendous because what do you typically see when a country's currency is about to fail? I typically see people buying anything that isn't nailed to the wall... well, Americans do that anyway, so you have a country full of physical goods with zero-balance bank accounts...
only problem then is food
Everything would devolve is the issue. Yea you buy it all at once, but then what?
And again, it wouldnt just be the us effected.
oh absolutely, everything would fall apart - people that owe their success to the fiat/financialized/fractionalized system would get wiped out
I'm just saying for the average person with $10k+ in credit card debt when their debts are washed away due to the banking and credit failure...they are sitting on a pile of goods in a time when the only thing of value is what you can put your hands on
(that isn't fiat)
sorry, the average person in the US
Yea but markets would standstill. It would become tribalistic. Crime, ect would skyrocket.
not really in the US I don't think
France, Germany etc it would
Yea if at the point you are theorizing the defenses would collapse, police forces, military, everything would collapse, as with infistructure
the thing to worry about in the US in the event of something like that, real law and order breakdown, would be the drug cartels
right, that's what I was alluding to
Your local gang leader would effectively become your local lord
Because their hierarchies wouldnt be as effected
well, it would devolve into extremely bloody conflict
in the US that is
because we're all armed to the teeth
Somewhat.
Not all are. Tbh the numbers are fluffed more than people think.
Like the "number of guns in america" and such are fluffed by guns still on the market and so on.
And as you get closer to higher populated areas, only certain groups are armed.
On average* i should add as caviot to that statement.
Basically though america would become more a collection of warlord like states, cartels, cops, and military creating various territories. Europe would be mostly anarchist with small territories of the same.
And so on.
I am of course grouping gangs, extremist groups, and cartels together.
right, the criminal element
though I think cultures would eventually band together and form a common land
so the southern US would band together to form a territory
and common culture would then be allowed to be re-enforced versus the diversity scam that is going on now (the antithesis of that)
someone hacked the WSJ and made an apology to pewds