What to do when you’ve got money in the bank and you’re worried about a dollar collapse: The Past and Future of Money

Inspiration: http://www.reddit.com/r/collapse/comments/mkhjj/what_does_economic_collapse_mean_for_my_money/

The smartest investment you can make is creating a self-sufficient community or network, possibly with an alternative currency. If you own a small/local business, you can start directly offering credit to locals you know (you can even issue your own currency). These are things that can insulate you from the collapse in the value of centralized money. I don’t have nearly as much faith in the metals as many others seem to. Gold and silver won’t work as a replacement currency unless centrally issued because most people won’t have any to use for exchange.

Bernard Lietaer: Money diversity   http://www.youtube.com/watch?v=T9EI2PrDpmw

Douglas Rushkoff on currency:
http://www.arthurmag.com/2009/03/23/hack-money-hack-banking-rushkoff-on-the-economy/
http://www.rushkoff.com/articles-individual/2008/10/16/open-source-currency.html

David Graeber on the origins of money:
http://www.nakedcapitalism.com/2011/08/what-is-debt-%E2%80%93-an-interview-with-economic-anthropologist-david-graeber.html
http://www.nakedcapitalism.com/2011/09/david-graeber-on-the-invention-of-money-%E2%80%93-notes-on-sex-adventure-monomaniacal-sociopathy-and-the-true-function-of-economics.html

About thinkahol

student of life/ philosopher/ wage-slave
This entry was posted in Uncategorized and tagged , , , , , , . Bookmark the permalink.

3 Responses to What to do when you’ve got money in the bank and you’re worried about a dollar collapse: The Past and Future of Money

  1. thinkahol says:

    Keiser Report 182: Currency Grenade & David Graeber [from after 12:50] – YouTube http://bit.ly/rIxakC

  2. thinkahol says:

    Spend that money on becoming self-sufficient:
    http://vimeo.com/33919587

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