onlooker wrote:Marmico and Outcast, Short already was clear that collapse will be universal among all currencies.
Gold and silver are currencies (substitutes for paper currencies among those that don't trust them long term, and given history and the way governments inflate currencies over time, rightfully so). Will gold and silver collapse as part of "all currencies"?
There may or may not be a rapid collapse of debt, eventually. But that can't be timed, even if it occurs. And it could well be that for any timeframe that matters for us (say, the next hundred years), that it will just be ongoing inflation. What good does the collapse meme do then, except to score points on internet boards about how "right" collapse folks are viewed to be by their peers? (My sister's family enjoys a nice farm life 10 miles from any town, including growing and hunting a lot of their own food on their own land, without calling it a doomstead. I suspect they'll be nearly as ready for "collapse" as the collapseniks, given all the guns and food my brother in law likes to keep on hand. Yet no hand wringing about society collapsing. Funny how that works.)
Meanwhile, in the real world, being able to retire comfortably and enjoy life to the best extent possible, even beyond when one is physically fit enough to, say, maintain a doomstead and grow and harvest one's own food year around, has lots to recommend it. (I can say this from experience, including retiring in middle age instead of working for "the man" into old age).
And in the off chance if fast collapse happens, it happens. It's not like we can control everything, including the health of ourselves or our loved ones beyond trying to live a healthy lifestyle.
If life can't be enjoyed beyond hunkering down and projecting doom every waking moment, what's the point?