A U.S. dollar collapse may cause social disorder. The dollar will fail when the federal government can no longer pay interest on Its debt. Social disorder will be triggered by two factors unique to the United States: one-third of U.S. residents may be forced into looting, and help cannot come from outside. The solution is a neighborhood protection plan as detailed in the spec-ops handbook, A Failure of Civility by Mike Garand and Jack Lawson. Previous social collapses (Sarajevo, Mogadishu, Katrina) teach two shocking lessons: bunker preppers die first and the government is not your friend.
Archive for the ‘Prepping’ Category
Tells the minimum you must know in order to try bitcoins. It assumes that you do not want details of how bitcoins are created (mined), sent (broadcast), or verified (confirmed). You do not care whether bitcoins are truly “money”, whether they have “intrinsic value”, nor their political implications. You do not care whether they conceal your identity or reveal it. And you do not want to debate narcotics, pornography, guns, tobacco, alcohol, socialism, libertarianism, or anarcho-capitalism. You just want to get a few coins and play around with them.
In the near future, when your national government debases the official currency in order to avoid default, bank accounts and bonds will become worthless. After months of disruption people will adjust to life where prices and wages double every few weeks. “Junk silver” is what we recommend as your day-to-day money during the transition. For the longer term, savings are normally kept in precious metals, such as gold Krugerrands or platinum Eagles, but an alternative has appeared. Bitcoins also are a good choice of long-term savings medium.
Preppers are sometimes unclear as to the nature of the contingency for which they prepare. Hyperinflation of the U.S. dollar is likely. Natural disaster in a city is less likely. Global crash of Western civilization is unlikely. How you prepare for each scenario is different. This essay presents advice for the first contingency. You are on your own for the other two.