What Has Happened In Fiat Failures Of The Past?

[acptulsa]

A new currency will be issued (the Amero but maybe not with that name) and it will take x amount of dollars to buy one unit of the new currency.

This may very well be the name of the game. If you're trying to create a North American Union, a shared money system is a good place to start. A strong Looney to lure Canadians in, and a weak dollar that we wouldn't miss too much.

As for the peso, eh...

 

[Allen72289]

Coordinated groups will be the best way to survive - live in the wilderness with your hoard? Fine until they break in - then you will be subject to torture and cruelty for weeks if not longer - if you survive......

Coordinated communities or escaping to a safe haven -

Yeah, I think a collapse would be a good opportunity to sell Constitutional values via coordinated communities.


People will be looking for solutions. We have to give it to them before the establishment does.

I've wanted to start a agriculture co-op in the neighborhood for years..


Ha ha.. bullion bars won't be a problem for me, I began the building of my smelter yesterday.

I used a galvanized trash can with fireclay, masonry cement and perlite.

I cut out a 2 inch hole in the trash can and plastic 5 gallon bucket for a pipe then placed it in the trash can and poured my refractory around the pipe and buckets to make a mold. The plastic pipe and buckets will be burnt out with the furnace heat of the first melt.


Hmm...I was thinking of casting some Ron Paul stuff however, I would need to create a detailed mold which would require detailed carving.. not good at that.

 

[Cleaner44]

Usually re-issuance of new currency, or "new" money. Like each 1000 units becomes 1 "new" unit. Also price controls to keep prices down, but if it becomes unworkable, a barter system and/or a black market economy springs up. Or people use the currency of a more stable country.

Some historical hyperinflation fiat currency examples from the past:
http://dollardaze.org/blog/?p=107

Introducing the AMERO!

 

[seapilot]

Usually re-issuance of new currency, or "new" money. Like each 1000 units becomes 1 "new" unit. Also price controls to keep prices down, but if it becomes unworkable, a barter system and/or a black market economy springs up. Or people use the currency of a more stable country.

Some historical hyperinflation fiat currency examples from the past:
http://dollardaze.org/blog/?p=107

This is what happened in a lot of Latin American countries. The irony of this is most other "poor countries" used to buy and hold the U.S. dollar because it was "stable" compared to thier own currency. Now the U.S. dollar is unstable more people will turn to hard assets or PM here in the USA because the Euro isnt a real option at this point.

The thing to be aware is when reports or news of average joe starts pulling money out of thier 401k and IRAs to start paying for basics once thier credit cards are maxed out. People wont care about early penalties when they have to eat. This is when everything will completely collapse as that is the only savings many have.

When banks and govt freeze accounts when people start withdrawing in panic fashion things will get ugly. Imagine having 10K in an account that is untouchable , decreasing substantially in value every day, and the government wont allow anyone to touch it.