The Phaserl


The Mistake Of Currency And The Value Of Money After TSHTF

by Ken Jorgustin, Modern Survival Blog:

During the crisis of SHTF, and the aftermath that follows, everything changes. Many of the ‘rules’ about our currency and money will change, or might not apply at all…

So, what is the truth of currency and money?


…is a medium of exchange, and is not necessarily money (in my opinion). For example, today we typically use the dollar as a currency – simply a piece of paper which is used to exchange with things like your time and labor or a product or service that you provide. The paper in and of itself is just that… a piece of paper with ink on it. It is only ‘worth’ the value of the paper itself. EXCEPT… we give it worth because we trust that others will accept it as a medium of exchange. It is all about trust (through government enforcement).

Here’s the thing though… if that trust (and/or government) breaks down, or if TSHTF in a significant way, that dollar bill will become a lesser medium of exchange, and could even become worthless. It is not money.

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2 comments to The Mistake Of Currency And The Value Of Money After TSHTF

  • Obama

    I fucking hate it that everybody keeps thinking that it will happen in a day.

    No it won’t. look to the britisch empire and their reserve currency! 45 years it took to go down!

    So be prepared yes, but be prepared that it might take 15, 20 or 30 years. And how do you prepare against that besides relocating?

    • Ed_B

      Maybe so, O, but we can’t start counting this from today. Fact is, the timer started in 1971 when Nixon took the US off of the gold standard. That was the day that the dollar because a fiat currency and began to die. It’s been 42 years since then, so that 45 year mark is coming up fairly quickly.

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