How Much Cash Should You Have If the Grid Goes Down? (It is the final backup plan for a lot of us in the case of a disaster. A generous supply of cold hard cash to buy our way out of trouble)

submitted by Mizzazz from (self.MeanwhileOnReddit)

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[–]Antarchomachus 6 insightful - 1 fun6 insightful - 0 fun7 insightful - 1 fun -  (2 children)

In the event of a collapse of the magnitude you are preparing for, fiat currency would have no real exchange value, you would be looking at a barter economy. You might be able to use cash this way for a while, but people will quickly catch on that cash is worthless.

[–]soyboy77 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

I suspect goods would change hands at gunpoint (or knifepoint). A true cashless society...

[–]Antarchomachus 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Yes there would definitely be goods changing hands in this way as well. Would much rather have a gun and ammunition than a pile of cash.