An interesting read, and not entirely inaccurate. I won't be using gold or silver, nor will I be using bitcoin, as I consider all of those to be too unreliable as exchange media, and I see no significant advantages to any of them over CBDCs.
The price (not the "value", of course) of gold and silver have been significantly inflated since the old days, inflated by greedy bastards trying to pump up it's "value" and get something for nothing. Same for silver. Even breaking a Spanish dollar into eight "bits" still leaves too much "price" leaving your hands for not enough "value", so, no, I'll not be using them. Bitcoin is too dependent on technology, technology that can be killed at the flip of a switch or the fry of a power line, so no, I won't be using it, either.
That leaves local organization, barter, and stockpiling... just the way they did things a century ago around here.
Production of commodities or trade of labor in exchange for goods or other services is the way to go, in my opinion... along with that goes a willingness to dig shallow graves in the event someone wants to take what ain't theirs to take out of your own labors.
There are some things that people will ALWAYS need or want, and some of those things come under government sanctions, so it's natural that a thriving black market will evolve around them. Those are the things you'll want to be able to produce and stash for rainy days.
That's just the hillbilly way, I reckon.
The government has successfully, for the most part, tarred and tarnished the label "black market", but in reality all a black market is is a non-government-sanctioned "parallel economy". It's just a parallel economy of the People, by the People, and for the People - and governments hate that shit.
Stockpiling will be necessary, but a sticky business - you'll need to be inventive in hiding stockpiles, else the government or miscreants may come in to try to clean you out. See "shallow graves" listed above.
Another tricky thing will be learning to convert CBDCs into tanglible and storable "money". It's a sure bet that ALL government payments (Social Security, Tax refunds, etc. - including "private company" paychecks if the company is government sanctioned i.e. "licensed" or incorporated) will be paid out in CBDCs, and so getting them off the card and into tangibles will be an imperative, as soon as they appear in your account. The government will have a harder time "cancelling" your money if they can't find it to cancel it, so leaving them in a CBDC account is flirting with disaster. They'll need to be gotten out and stored in other ways that the gov can't pilfer.
I did that during the pandemic with my unemployment payments. As soon as one would hit the card, I pulled it off in cash and stored it elsewhere. I did it so that purchases couldn't be tracked because I was doing all transactions in cash, but the advent of CBDCs will make that process more imperative. What's more, it's unlikely cash will still be available to convert them into, so another vehicle needs to be found and decided upon beforehand.
It goes without saying that I won't be accepting CBDCs as payment for ANY goods or services bartered out locally. No need to have TPTB tracking my activities through them or potentially cutting them off or otherwise making them disappear - there's no profit in that!
Just some thoughts.
.
The price (not the "value", of course) of gold and silver have been significantly inflated since the old days, inflated by greedy bastards trying to pump up it's "value" and get something for nothing. Same for silver. Even breaking a Spanish dollar into eight "bits" still leaves too much "price" leaving your hands for not enough "value", so, no, I'll not be using them. Bitcoin is too dependent on technology, technology that can be killed at the flip of a switch or the fry of a power line, so no, I won't be using it, either.
That leaves local organization, barter, and stockpiling... just the way they did things a century ago around here.
Production of commodities or trade of labor in exchange for goods or other services is the way to go, in my opinion... along with that goes a willingness to dig shallow graves in the event someone wants to take what ain't theirs to take out of your own labors.
There are some things that people will ALWAYS need or want, and some of those things come under government sanctions, so it's natural that a thriving black market will evolve around them. Those are the things you'll want to be able to produce and stash for rainy days.
That's just the hillbilly way, I reckon.
The government has successfully, for the most part, tarred and tarnished the label "black market", but in reality all a black market is is a non-government-sanctioned "parallel economy". It's just a parallel economy of the People, by the People, and for the People - and governments hate that shit.
Stockpiling will be necessary, but a sticky business - you'll need to be inventive in hiding stockpiles, else the government or miscreants may come in to try to clean you out. See "shallow graves" listed above.
Another tricky thing will be learning to convert CBDCs into tanglible and storable "money". It's a sure bet that ALL government payments (Social Security, Tax refunds, etc. - including "private company" paychecks if the company is government sanctioned i.e. "licensed" or incorporated) will be paid out in CBDCs, and so getting them off the card and into tangibles will be an imperative, as soon as they appear in your account. The government will have a harder time "cancelling" your money if they can't find it to cancel it, so leaving them in a CBDC account is flirting with disaster. They'll need to be gotten out and stored in other ways that the gov can't pilfer.
I did that during the pandemic with my unemployment payments. As soon as one would hit the card, I pulled it off in cash and stored it elsewhere. I did it so that purchases couldn't be tracked because I was doing all transactions in cash, but the advent of CBDCs will make that process more imperative. What's more, it's unlikely cash will still be available to convert them into, so another vehicle needs to be found and decided upon beforehand.
It goes without saying that I won't be accepting CBDCs as payment for ANY goods or services bartered out locally. No need to have TPTB tracking my activities through them or potentially cutting them off or otherwise making them disappear - there's no profit in that!
Just some thoughts.
.