[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
