A new financial order

[gnome]

Quote from HomoSalmon:

This is my feeling, too. But if one believe devaluation will be driven for all important currencies (US$, EUR, YEN) at the same time (maybe at different levels, but who knows?) how can you stay out of all "strong" currencies?

The only leader's perceived way out of crisis seems destroying savings (both made by true labour and/or by speculation) to cover debtors and give a new start to the system, IMHO. If people really understand what mess they did and probably they're trying to do they're doomed. So deny any evidence and trick everyone seems they only way out.

Anyone has a good interpretation or any fact to oppose to this way of thinking?

It's not a matter of "staying out of strong currencies"... you WANT to be in a strong currency.

But if ALL currencies are going to be debased (resulting in a world wide inflation... likely scenario here), you want to be in "something of value" regardless of the currency... like gold, oil, land.. maybe real estate?... food, ammunition... etc. things of value in a barter economy.

 

[HomoSalmon]

Quote from gnome:
But if ALL currencies are going to be debased (resulting in a world wide inflation... likely scenario here),

I don't know if it is the most probable scenario, but surely I wish to study it, too.

you want to be in "something of value" regardless of the currency... like gold, oil, land.. maybe real estate?... food, ammunition... etc. things of value in a barter economy.

Sure, but how could one understand what isn't already inflated at post-disaster value? [I know, noone could really answer, just wondering].

Studying past debasement could be a good start, as Anaconda was suggesting.

It difficut to admit it, but I feel almost paralyzed because I'm not really able to grasp the whole situation... not even to create a complete pool of scenarios to evaluate one by one and to choose from.

It is all outside of my past experience, nothing to start with.

 

[gnome]

Quote from HomoSalmon:

I don't know if it is the most probable scenario, but surely I wish to study it, too.

It is all outside of my past experience, nothing to start with.

It is for all of us. Hell, you could load up on gold physical and at some point perhaps think you'd "dodged the bullet"... only to find the Gummint making it a crime to hold gold... or Gummint aggressively confiscating gold... THEN where would you be?

 

[Anaconda]

Quote from HomoSalmon:

Any good link to start with?

Hmm, there was this long post on a survival message board made by a guy who is from Argentina that lived there through the crisis. It was eye opening. It's bookmarked on my other computer, I'll try to PM it to you.

Other than that, there are many stories on the Great Depression. Believe it or not, fortunes were made. A barter system does kick in, up to a point, so anyone who has real goods merchant capability sits in a good spot.

Agricultural land?
Do you really think we're so deep in s***t?
What else?

The problem with agricultural land is security. I think people will have to band up and join forces in complexes, whether agricultural or industrial.
I think there will simply be a demand for real goods, especially those that have been offshored during this globalization phase.
This could be a quiet transition and we may have a situation similiar to Soviet Union in the 80s. Money did not matter much, it was access to the products that was a problem.

 

[jueco2005]

That's just business as usual..........were are talking about hyperinflation and asset inflation.

Quote from Anaconda:

Pay close attention to food prices, inflation is very much alive & kicking where it counts.