Recyclersteve wrote:There have been plenty of currencies in major countries that have collapsed or had major revaluations over the years. It is not like those countries suddenly lost half their population due to starvation or murder. Can anyone find any decent articles or detailed information about what life was like just after a major currency collapse? Did they resort to barter? Did business shut down? What was it like? How long did it take for things to get back to normal?
None of the many great calamities of the 20th century could be described by the levels you suggest, so I suggest that it doesn't require that level of pain and suffering to qualify as a great calamity. Two further things:
1) What would be different between the colllapse of the US and the collapse of any other country? That's a rhetorical question - think about the differences and how they would be likely to affect the outcome, versus say - the example below.
2) Read the blog of ferfal, who goes into great detail on the pain and suffering of Argentina, and warns of how much worse that would be if it was extended to a larger power. While he was apparently writing before this, his earlier writings are apparently mostly lost, though he has no doubt revisited most of them by now. His blog starts in early 2008 (discussing the events of 2001) with this one. He talks about how Argentina collapsed, but it is still collapsing, even 13 years later. And that is when it has been partially propped up by a world around it that is/was still intact.
http://ferfal.blogspot.com/2008/01/most ... -days.htmlFIrst month of posts together.
http://ferfal.blogspot.com/2008_01_01_archive.htmlAt the end of his first post he says this:
Understand that in just a matter of weeks crime starts increasing exponentially when serious SHTF such as an economical collapse occurs. These kind of situations may take decades to reverse, or maybe never go back to what it used to be.
When I was 20 years old I lived in a 1st world country, 8 years later it’s a mixture of cheapo 3rd world tourist sites, a bit of tasteful 1900 architecture, surrounded by sights fitting either Ecuador, Colombia or some kind of war zone, and it all went to hell in a hand basket in less than a year. The change was amazing for anyone that cared to notice. Libraries, churches, town theaters, it all closed and later reopened having been replaced by bar-***** house joints, “All for 2$” shops, Bingos, casinos, self proclaimed churches, many with links to Umbanda Brazilian rituals. A perfect example of the decay in our society trough the last years.
Posted: Sun May 04, 2014 6:37 pm
That aspect alone will provide me wealth in years to come plus I have been fortunate enough to play around with my stack and grow it. It also has allowed me to seek opportunities and flip coins for quick profits rolling it into more metal..
