Becoming inflation proof in an affordable way. By @matrixdweller.

in #anarchy8 years ago (edited)

First lets figure out how to be practical about this. Many Doomsday preppers seem only to be preparing to make their last moments more bada** .But in the likely scenario hyper-inflation creates a nearly Venezuelan economy in the U.S.A. I want to know what the "Doomsday dollars" will be. Now if I can't afford food due to inflation. Gold is useless to me. I can't eat that. In a true survival situation ask yourself this. Who is going to buy this gold? Who is going to say here take this ammo, food, water or even bitcoin for that shiny rare metal you have there? Nobody.... Because the infrastructure to exchange it is now, the people in your immediate area. Maybe you could be the only guy still paying his bills when it costs 4k a month per bill if you had a bunch of bitcoin. Maybe if enough people have bitcoin to hedge against fiat the crash wont be as bad. If the internet goes down or you cant afford internet due to the crash. Bitcoin is now pretty useless to you.What is not useless? Food, Water, Ammo, Guns, Medical supplies.This is not a post about what if Steemit or Bitcoin gain a huge marketcap. This is a post about what if U.S.D succumbs to the endless printing going on at the FED. I think holding Bitcoin and even Steem in such a scenario is not a terrible idea. But what you are really going to need is a way to do stuff for yourself. A way to get gasoline without a gas station. A way to get food without a grocery store, clean water without your faucet.