That BTC/Crypto is not a relative currency to usd? If us credit crashes crypto will be worth more in usd... it is bound to the global Economy based on the fact that its only worth what people will pay for it and supply. Trading all assets for crypto is likely a better option than cash. Someone please give me a good arguement against it? Like really if i dont find a good reason not to soon i am.
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power goes out for long enough for food to become scarce
physical assets 1, crypto 0
I understand that but at that point its no longer about cash, the use of cash will cease to exist. There would be no need as cash has 0 intrinsic value. It's paper/cloth no one would need. We would revert to trade...
Edit: would also be laughed at for trying to trade that cash in another country assuming we would be allowed/able to leave the us.
I would imagine that he is referring to things like gold, silver, platinum, etc. Also things like food and tools. Benefit of food and tools over gold is that they have a practical use if you were to lose your job or have any bad life event, doesn't have to be the apocalypse for them to be handy.
When you spend your money or your time on something, ask your self if it is increasing your freedom. Buying tools to maintain your life is increasing your freedom. Paying someone to maintain your life is not buying freedom. Watching sitcoms is not increasing freedom. Taking action on guides or tutorials is increasing your freedom.