tag:blogger.com,1999:blog-6427940.post8659611191894000467..comments2023-12-05T07:50:19.855-05:00Comments on No Oil for Pacifists: More Lessons from History: Argentina@nooil4pacifistshttp://www.blogger.com/profile/16688417615117569825noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6427940.post-23638598778841270942009-02-27T09:50:00.000-05:002009-02-27T09:50:00.000-05:00> Another reason to hoard hard currency (i.e., ...> Another reason to hoard hard currency (i.e., gold, silver)<BR/><BR/>Actually, given the nature of things, gold and silver may not be the best way to go. Better to actually attack the systemic failures by hoarding those things which will be hard to get later on. <BR/><BR/>That also avoids the tendency of governments to get confiscatory over gold and silver in such times.<BR/><BR/>Remember, from 1933 or so until, what, 1980, Free and Sovereign Americans couldn't *own* gold bullion or coins... That can change once again.OBloodyHellhttps://www.blogger.com/profile/09992539380115488567noreply@blogger.comtag:blogger.com,1999:blog-6427940.post-91819720284062880212009-02-25T10:39:00.000-05:002009-02-25T10:39:00.000-05:00People will find a way to get by, albeit at a lowe...People will find a way to get by, albeit at a lower standard of living. Another reason to hoard hard currency (i.e., gold, silver).Bob Cosmoshttps://www.blogger.com/profile/13420771432114368417noreply@blogger.comtag:blogger.com,1999:blog-6427940.post-3385424728631197612009-02-25T04:52:00.000-05:002009-02-25T04:52:00.000-05:00One funny thing I recall reading (ok, sad, but it ...One funny thing I recall reading (ok, sad, but it speaks to the human spirit of innovation) was that the Argentinian economy, despite the collapse, did not stop people from managing to get by. They stopped using money and reverted to barter. There were extensive networks for producing even three-way trades, where A did for B who did for C who did for A.<BR/><BR/>Money is a much better system, but people managed to get what they needed anyway.OBloodyHellhttps://www.blogger.com/profile/09992539380115488567noreply@blogger.com