Things might not get this bad, on the other
hand a little voice tells me it's probable...
The progression from financial crisis to subsistence crisis will be very swift. It will only take the amount of time that the worldwide inventory of goods is exhausted, since many factories and production centers will become embroiled in payment disputes with their customers and suppliers, so that deliveries are delayed first, then canceled. Then the factories start closing rapidly. Just in time manufacturing assures us that we only have a couple of DAYS of goods at inventory depots. People will initially think the Fed will fix things, but the Fed will find out that it cannot replace the money that was to clear here there and everywhere fast enough to prevent the death of that money, and hence find the money DIED. It rapidly becomes a worthless notional amount tied up in disputes, large and small, effectively serving to paralyze commerce.
What can we do to plan for this?
The whole thing.Update:
The more I think on this, the more probable it
becomes to me simply because virtually
no one understands the effect of a currency/
piece of paper (there will be many others,
probably all) that no one wants.
When it's all over the words on most everyone's
lips will be, "What happened?"
Then's when you'll hear all the "expert analysis".
I don't know why I think all of that will be so
I suppose it's a design feature.