Bleak with black coffee, page-30

  1. 5,237 Posts.
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    "A collapse IMHO will bring actual money ( in some form) back to being the only currency"

    Most likely it will bring social chaos, social unrest, bankruptcies, reduced trade volumes, currency volatility, and breakdown of law and order.

    As to the bringing of actual money I have no idea what that maybe.as money is anything generally accepted in payment for goods or services and in the settlement of debts. Historically, things like cattle, shells, cigarettes, lumps of precious metal, coins, bank notes and entries in bank books have all served and some of those things still do as money.

    Can I ask what happened during past financial collapses to the currency when such currency was based either upon gold or silver? Did hose events brought actual money?

    I think that there is a lot of confusion going on here.

    Financial crisis of 33 - Wikipedia
    Bengal Bubble of 1769 - Wikipedia
    British credit crisis of 1772–1773 - Wikipedia


 
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