Currency

Six Kinds of Currency That Might Emerge after the Collapse

Six Kinds of Currency That Might Emerge after the Collapse

Six Kinds of Currency That Might Emerge after the Collapse

By Joshua Krause | The Daily Sheeple

Six Kinds of Currency That Might Emerge after the Collapse

A spice market in Istanbul. Image credit: heydrienne (Flickr) [CC BY 2.0]

Among preppers, there is a common argument between those who buy gold and those who don’t. On the one hand, gold has been used as money for thousands of years. It wouldn’t be a stretch of logic to assume that if our current monetary system falls apart, something like gold might pick up the slack.But, on the other hand, gold by itself can’t help you survive. “You can’t eat gold” is a common saying on the other side of the debate, and I can’t disagree.I would argue though, that it depends on how severe the collapse is. If we’re talking about an economic collapse, I believe gold will become very valuable. After the Greek economy contracted several years ago, gold was being sold on the streets of Athens for more than double its spot price.

However, if we’re facing a truly devastating event, something that may kill millions and take decades recover from like a nuclear war or an EMP strike, then things like gold may go on the back burner for a while. It’ll still have some value, but when survival consumes your every thought, your priorities tend to change.

So if you want an idea of what items may be used as currency when the grid goes down, it would be wise to look into history to see what our ancestors used for bartering. These people lived their entire lives with a standard of living that was far lower than ours, and the commodities they prized were essential to their survival. If you want to call yourself “rich” after the collapse, here’s what you can look forward to accumulating.

Salt

Water often gets all the praise for being so essential to our survival, while salt gets to play second fiddle. In reality, salt is almost as important to our well-being as food and water. Nowadays salt can be had for a few dollars, but there was a time when it was worth its weight in gold, and was used as currency to pay Roman Soldiers. Not only was it valued for its health benefits, but it could be used to preserve food and cleanse wounds. Anywhere in the United States that is far away from the ocean will probably see the price of salt skyrocket after the collapse.

Fur pelts

During the Middle Ages, squirrel pelts became a common unit of exchange among the lower classes in Russia, and the Czarist government sometimes demanded their taxes be paid in pelts. In Finland the term for money (raha) used to be synonymous with “squirrel skin”, a throwback to when pelts were used as legal tender. And in the colonial New England, beaver pelts became so prized that they could be used in lieu of money.

There’s really no mystery behind this. While clothing is relatively cheap nowadays, before the industrial revolution a good jacket could set you back. And in places like Canada, New England, and Northern Europe, the clothes you wore were a matter of survival. So holding a handful of beaver pelts might as well have been a wad of cash.

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Other Ideas Resources and Information

25+ Items to Stockpile for Bartering

By | Doomsday Survival 101

1. MRE (Meal, Ready to Eat) – Food will always be a precious commodity in emergency situations. MREs are individual food packets commonly used by soldiers in combat. It would be good to stock up on MREs because they have a long shelf life and are pretty easy to store.

2. Canned Food – Canned food, which includes canned meat, fruit, vegetables, and soup are also important items to stockpile for bartering. Since food is a basic necessity, it will always be in demand so you won’t go wrong in having a ton of canned food around. On the off chance that you won’t be able to use them as emergency barter items, you could still eat them yourself.

3. Dried Food – Dried food such as dried fruit and jerky are also useful barter items.

4. Bottled Water – Water is life. It’s as simple as that. Bottled water will be much in demand in times of crises. No further explanation is required here.

5. Honey– Honey is a natural antibiotic, antiseptic, it’s great for cooking, cleaning wounds, etc. It stores indefinitely and tastes great.

6. Bleach– can be used for cleaning, purifying water, supplies, and is  a perfect disinfectant. It lasts virtually forever and makes a great barter item.

7. Water Purification Supplies- these can range from individual tablets to actual water purification systems/filters- access to clean water during a disaster is not always easy. If you are forced to grab a bug out bag and go- a few of these tablets can come in handy for scoring you some fresh food or other necessities

8. Baking Soda- This important item can be used in cooking, cleaning, homemade explosives, health related conditions, stomach ailments, etc. It makes a great shampoo, it’s dirt cheap to buy and easy to store.

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See also: 16 SHTF Barter Items to Stockpile
http://www.shtfplan.com/emergency-preparedness/16-shtf-barter-items-to-stockpile_03152012

Video: THE TOP 10 BARTER ITEMS FOR A POST COLLAPSE WORLD

Posted by Red Pill Reports in Economic News
This Is What Gold Does In a Currency Crisis

This Is What Gold Does In a Currency Crisis

This Is What Gold Does In a Currency Crisis

By John Rubino | Dollar Collapse

What Gold Does In a Currency Crisis

To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold.

But when currencies collapse, gold shines.

Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why — all fiat currencies go this way eventually and the proximate cause is almost irrelevant). Russians who trusted their government and kept their savings in, say, a bank account, are losing their shirts. But those who own boring, doesn’t-pay-interest, in-a-bear-market gold have seen their capital appreciate in local currency terms by about 60 percent in just the past month. They’re not “making money,” but they are preserving wealth.

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Russian Trading System

Moscow Exchange (Russian: ОАО Московская Биржа) is the largest stock exchange in Russia, is also the No.9 largest exchange globally by derivatives trading, located in Moscow. In December 2011, it is established by the merger of the two largest stock exchanges, the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System (RTS). After the merger of Exchange, it became an open joint stock company (OJSC), named Moscow Exchange.

The Moscow Exchange Group operates the country’s largest clearing service provider, Russia’s Central Securities Depository (CSD) and National Clearing Centre. The Moscow Exchange offers professional institutions and the state-of-the-art infrastructure for investors to trade bonds, currencies, equities, mutual funds, commodities and derivatives on all asset classes. The gold products include Gold Futures and Gold Options.

Trading hours: 10:00 a.m. – 23:50 p.m. (MSK)

Source

Gold Price Observations from Springtime

Dr. Jim Willie: Quantum Leap in the Gold Price, Ukraine-Russia Crisis and More

Dr. Jim Willie, Editor of The Hat Trick Letter, says big news on the progress of convertibility of the Chinese yuan is being ignored by the mainstream media. Dr. Willie says, “Fully convertible capital account for the Shanghai Free Trade Zone is an enormous story, and it is not in the U.S. news. Why, because it signals that the yuan is about to become an extreme competitor to the dollar in trade settlement and, therefore, rival it as a global reserve currency. By that, I mean used in banks as a reserve item. . . . They are making steps; they are more like big strides toward making the yuan a fully convertible internationalized currency. You’ve got lots of countries with yuan swap facilities. You have Brazil, Australia, New Zealand, Japan, Germany and UK. These are big countries. These are Western countries, and they all have yuan swap facilities, which mean they are not going to conduct trade settlement in dollars. So, it’s already in our Western camp. With all these developments toward a gold backed currency, you are going to see quantum leaps in the gold price. You are going to see the big move in gold when China is no longer going to be able to get London and New York gold.”

Posted by Red Pill Reports in Economic News