Monday, November 10, 2014
Are You Ready for the New Economy?
Somewhere out in the great plains of the internet is floating a list someone made up of the 100 items that will be in the greatest demand during a collapse scenario. As I remember it was a decent list and a good place to start but it always made me wonder if people are prepared for the other side of that coin.
How will they pay for items after the collapse and how will they deal with the complete turn around in relative value?
I know what you're thinking, just like almost every other person (including myself once) who reads a preparedness blog.
"I got X amount of .22 LR cartridges ready to use as barter" or maybe "I stored away four cases of those small airline vodka bottles".
There are of course all kinds of commodities that will be valuable for trading. Yes especially small bottles of booze and .22 cartridges. The question is do you have a grasp on just how much say a 1 pound bag of dried beans will be worth after a collapse as well?
I mean seriously 1 pound of dried beans would feed a person for about 3 days. They would still be hungry no doubt but it would keep em going. Just how many .22 cartridges do you think that's worth? The standard I have seen some "experts" kick around is a .22 cartridge would equal $1.00 by today's figures which would mean 1 pound of dried beans would be worth 1 .22 cartridge.
I seriously doubt that. Yes you could conceivably turn around and use that one .22 cartridge to perhaps take more overall protein by hunting but that's a risk and the beans are a sure thing.
The point is the relative value of items is going to be completely out of whack and I seriously doubt if luxury items are going to retain as much value as some claim. That bottle of booze might be nice to take someone's mind off their problems but the one's who succumb to addiction will be gone quick. After that more realistic items become the demand norm.
So here's the long range problem. The same as your five year supply of stored food clock is ticking away how fast will your supply of barter items also dwindle? Can you replace or produce your own barter items or are you limited to what you have stored from the good old days when uncle Sam sent you a check and you converted it into prep items?
Are you taking into account how much more the items you cannot physically produce or gather yourself will rise in value? A standard truck bed load of firewood around here for example sells for about $50.00 right now. Do you think someone is going to trade you a load of firewood of that size for five small bottles of booze? Again I doubt it.
Prices or value of items is going to be much more regionally adjusted and vary accordingly and unless you can produce your own barter items you may find yourself lacking pretty damned quick.
Of course you could always speed up the food clock a bit and start trading those stores off too.
Keep Prepping Everyone!!!