Forget SHTF, I am worried about FSHTF. Lets face it the average American is not the one we see panicking and rioting on T.V . Half those are paid these days. What will an American SHTF look like, an FSHTF. The F is for Financial. 2008, 2008, 2008. I can not say that date enough. Whom does not learn from the past is doomed to repeat it. That is not to say the inflation of the US dollar is not a concrete mathematical fact. It is to say, if we don't use the past to predict our future and prepare for the next. We will be just as ill-prepared as the last crash. When some people were losing their homes, others were buying cheap ones and taking advantage of the downturn. What goes in to an FSHTF preparedness bag? Lets see? Bitcoin? Steem/SP ? Silver? Gold?. All wise answers. We already know what is coming , we have seen it before. In 2008 they said we saw this in the great depression. Well the great depression was a while ago. 2008 was 8 years ago. That is not a very long time. In-fact some economists say we never truly exited the great depression and instead we made it somewhat more tenable with the rise of funny money and cheap electronics / rising productivity. This is not investment advice. This is not a speculative play. I think of this like. Buying insurance. Financial insurance through diversification. Even if you still believe in fiat. Insurance in Bitcoin, Gold Silver , Steem Power etc.... Could be a lifesaver. Bitcoin was not around in 2008 but if it had been I wonder what the moonshot would have looked like. I could speculate on that forever.
We have seen scandal after scandal rock certain politicians recently. Lest we forget the scandals being perpetrated still by banks who inspired the movie. "The Big Short". A number of Wall st execs and Bankers are now felons thanks to the events that led up to 08. You wouldn't know it by how they are not in jail or even fired or even slowed down a little on the massive fraud. But they are tried and convicted felons, some of them. A country ruled by white collar criminals will in essence make it a crime to be blue collar eventually.
A pyramid scheme. Money flows down from the top and up from the bottom in the FED reserves pyramid scheme. The trick is the money flowing down is not only mostly stuck in the very next level below the money printers. It is also backed by nothing. All the money flowing up the pyramid however is backed by the labor and creativity of real people. When the top guys use the entire systems money to place bets that don't pan out. Or pan out so well that everyone else goes broke. The top guys don't feel the backlash... Until the entire system fails when too much money has flowed down from the printers already and the peasants still need more because all their money has flowed up the pyramid again so they need a "bailout". But If they truly bail everyone out. Nobody will have faith in the system. When they print money and hand it to banks it is hidden from most eyes. If they print money and hand it to us people will get suspicious. It is a catch 22 of their own creation. They win as long as they keep the illusion going but they win less and less as, basically all the wealth has already been drained. Now what do they do?
In comes Bitcoin to save the day. Giving the peasants and those at the top a way out of the catch 22 without resorting to trading gold pieces again. Whoa man are you saying we should stop using paper money? Maybe? I don't know, what I do know Is the cash I hold now and the cash 40 years ago can barely be considered the same currency by its purchasing power. The same can be said for Bitcoin in just a 10 year span but that is the story of a coin that went 0-1000 .
