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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