Cash Will Be King When the SHTF (Unless It’s Totally Mad Max) by Fabian Ommar for The Organic Prepper
Unless some extinction-level event takes the entire planet back into the Stone Age, cold hard cash will still be used. Cash will be king when the SHTF unless it’s a full-on Mad Max scenario like the one Selco survived.
I get asked frequently about the role of cash during disasters and emergencies. It seems many starting in preparedness think we’ll jump from the pot directly into the fire if the SHTF, with greenbacks becoming a useless relic.
In reality, SHTF is a slow slide into hell, the proverbial frog in the boiling pot nine out of ten times. It’s exactly what’s happening with COVID-19 and almost everything coming from it.
I already wrote about the black market and how it precedes bartering in pretty much any scenario. The same can be applied to money: unless TEOTWAWKI happens, cash will be in use and thus necessary as a prepping item.
Cash is the primary means of payment when things are unstable
When I say cash, I mean paper money (a.k.a. legal tender). There’s currently a battle against cash, and it may become a collector item in the future. But we haven’t got to that point yet, and objectively, it may still take some time. Also, one thing is what the elites and governments want and push for, and the other is reality.
In this transitory and volatile moment, going with their narrative and getting rid of paper money “because it’s inevitable” is essentially entrapping and limiting ourselves. It’s the same with most government agendas, by the way – and the opposite of what preppers do.
Trading is a basic human necessity, but paying for it is something else
All the various forms of trading – formal, informal, black market, bartering, etc. – exist simultaneously, all the time, and everywhere. Whatever happens, these exchange systems will be present, and people will trade as they do today, generally speaking.
What varies is the preponderance of one system or the other according to the circumstances. Society will resort more to one or the other in direct proportion to the severity and duration of the crisis: the worse it gets, the more informal the whole economy will be, and vice-versa.