WHEN MONEY COLLAPSES,

(Hey, stop laughing! It has collapsed in the past, often.)

WHAT THEN DO WE USE AS

‘money’~?

Now feast your eyes on this gem from a German source:

But how is this new mountain of debt ever going to be paid off? And by whom? In the end, some economists worry that the bailouts could result in a fatal combination of inflation and stagnation … It begs the question: Is the pandemic merely the prelude to a massive crash? A financial crisis of epochal proportions that will drag companies, banks and governments into the abyss?

Possibly the future can be best answered by the past. As in: what did ‘they’ use for money, back in other times? Cans of sardines served briefly in Europe last century, and sometimes wheelbarrow loads (!) of good old paper ‘money’.

But paper currency is written promises, nothing more, and only as ‘valuable’ as the perception—lose faith in the ‘value’ of your hundred dollar note and all you have is toilet paper. Likewise the more solid ‘tokens’ such as metal coinages, which in all honesty are really worth only the purity-weight of the metal they are made from.

Three metals spring to mind if we are looking for a substitute currency:

• gold
• silver
• copper

and these have served as money for many hundreds of years. Why?

Face it, everything is trade. You even do (or did) it yourself—your time and talents for someone else’s means of exchange; tokens valuable only because we are told (and accept) that they are valuable. Somehow the printing minting and/or stamping works a miracle.

Are you worried about running out of money?

Don’t be … worry instead about running out of purchasing power. Why not? Oh … wow … wine not … perhaps the new money …

Ya never know …