Hello Survivors, Rob Raskin of Las Vegas here again to talk to you about surviving in any emergency scenario. Today we’ll be looking at alternatives to the dollar. Even if you have a safe and secure compound near fresh sources of water and fertile lands, you may need to on occasion engage in trade with the outside world. The advantages of diversifying away from the dollar are numerous, since it is unlikely that the dollar will be a commonly-accepted currency in any such situations. Taking some time now to prepare to use alternatives can put you in a much better position going forward.
What Can Be Used as a Currency?
You’ll have a wide range of options to choose from when looking for alternatives to the dollar as a currency. While anything may rise to take its place, some safe bets are the following:
- Fire starters (matches, lighters, flint)
- Precious metals
This advantage to these alternative currencies is that all are easily available right now and have their ow value in today’s world. You can derive use from any of these products, while also stockpiling them for future use during an emergency. These products also last for a long time, meaning you can buy now and be prepared for an emergency even years down the road.
How Great is the Risk?
Currencies hyperinflate frequently whenever a government decides to print away it debts. With the United States’ debt approaching $21 trillion, the temptation to inflate away the debt will only grow in the coming years. Previous quantitative easing measures may yet come to have a hyperinflationary effect as the money printed off by the Federal Reserve to purchase toxic assets re-enters the economy. However, if you make the right preparations today, you’ll be able to weather any storm that comes in the future.