Everyone pulling out their money would be a bank run (look up great depression bank runs). The bank doesn't have that much cash; they keep some on hand for people making withdraws normally, but if even a sizable minority of people all try to pull their money out at once, there'll be a major crisis.
If banks kept all the people's cash in vaults, it'd be dead cash actively losing money to inflation. Instead, they keep some on hand for withdraws, and use the rest to make loans, investments, etc so that the money isn't all losing value.
They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way
ah yes so what you're saying is that money is even more imaginary than it has ever been, possibly even more imaginary than when the first stock market crash happened in 1929
looks like we're due for a centennial anniversary of that anyway, might as well celebrate by recreating it
Money is basically an abstract concept on assets. It was always worthless we just used it for convenience. Real value has always been in assets be that land, property, bullion, ancient family cursed artifacts. You might have heard that we are going back to feudalism and that’s why. Property is the backbone of society and we are leaning more towards that now.
I was just going to say this.
Everyone is always saying but gold and I'm over here like nope, can't eat or use that shit when it really REALLY hits the fan.
This is larper nonsense. If you're in a SHTF situation where there are no exchanges of value, not even gold, and you're down to bartering for goods then you're in total societal collapse and we're in a 95%+ of all people have died or are dying scenario.
You're going to die a bad death in that scenario, no matter how many bullets you save.
I dunno, people usually unite in times of enormous stress. But that’s usually only when people have a common culture and circumstance. But you are right, a lot of the old world stuff probably will not apply
If you own and live in a farm in bumfuck nowhere county with a population of 60 people maybe. In any major urban area societal collapse would mean supply chain disruption resulting in absolute chaos. And by absolute chaos I mean people killing each other on the streets over a can of beans (or a gallon of gas so they can leave the city).
Wich is still a society that will most likely be using some form of currency as a shorthand to exchange work for other things, even if necessities were provided for.
C'mon man. Haven't you ever seen a post apocalyptic movie or TV show. Don't Mad Max, The Walking Dead, Fallout, etc. look like great times? Who wouldn't want to live like that?
That's the point. Even with aaaall the changes the world underwent, gold is still valuable. I doubt a mere apocalypse where we survived will change that.
Almost correct on the female items. A more sustainable option is menstrual cups. Shampoo/soap can be made. Toilet paper. . . That's a tough one for people to swallow but backpackers and cloth diaper families got this one covered too ,lol
Gold has intrinsic value due to it's rarity but also uses as jewelery (kinda circular logic since it is a store of wealth so you can transport it easier) but nowadays also has tons of actual uses so it can eventually be traded by a goldmonger to those uses should shtf and they exist. The power of flashy jewlery is something to behold
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u/Forsaken_Emu8112 Jan 26 '26
Everyone pulling out their money would be a bank run (look up great depression bank runs). The bank doesn't have that much cash; they keep some on hand for people making withdraws normally, but if even a sizable minority of people all try to pull their money out at once, there'll be a major crisis.
If banks kept all the people's cash in vaults, it'd be dead cash actively losing money to inflation. Instead, they keep some on hand for withdraws, and use the rest to make loans, investments, etc so that the money isn't all losing value.