Planning for worldwide disaster? Bit coin, etc.?

atush

My plan for world wide disaster:

Buy shotgun, hoard food/fuel

Learn how to collect/purify water

Stock medecins

Increase household defences.

Jeems

Watch The Walking Dead.

Do the exact opposite of everything those stupid characters do every bloody episode.

Survive comfortably.

slowpoke_rodriguez

Apparently the super rich are buying up New Zealand, just in case...

http://www.stuff.co.nz/business/88705064/super-rich-americans-buying-land-in-new-zealand-as-bolthole-from-apocalypse

coyrls

a situation that caused a world financial meltdown

I would be a very strange meltdown that allowed you to continue online shopping with bit coins and presumably also spared the courier companies that would deliver products to your ruined house.

jennyjj

jimjames wrote: »

I think you're being extremely naive to think that a currency only accessible and produced online would be of any use in a financial meltdown. Maybe gold would but essentially only items that are of immediate use would have any real value if systems entirely broke down.

All depends on the nature of the disaster.
But even little shocks can have pretty obvious repercussions as seen on tv.
Let's say there was some sort of disaster or impending disaster offshore in Europe... Maybe some cross border skirmish with a Nato country... Maybe even real war...
Word goes out, as in Germany, to prepare...
Online funds would possibly be in lockdown as inter bank activity gets disrupted. Maybe wages not paid into banks, or cash machines sporadically out of service. We've seen that sort of thing in India.
Stocks and shares would become less valuable and far less liquid.
Internet access sporadic and little trust in ANYTHING intangible.
£20 notes or €100 or $100 notes might be the only thing that retailers would accept. Can't do cards.
Bitcoin. Yeah, sure, try refilling your car with fuel with those as the pumps are running dry.
As things get worse, currency might be gold, silver, tinned food, potatoes, young girls or Petrol. Did you see much banking or use of BitCoins in Alleppo?
Bitcoins. Pah! You'd have more luck with IOUs written on post-it notes.

veryintrigued

We're still gradually filling our bath with petrol for such an eventuality and any hyperinflation which followed.

jennyjj

veryintrigued wrote: »

We're still gradually filling our bath with petrol for such an eventuality and any hyperinflation which followed.

Hmmmm. I see a flaw in that plan. Evaporation. and the inevitable plug getting pulled by mistake.

Thrugelmir

Dan03 wrote: »

But still, in previous world wars infrastructure was not completely destroyed, but reduced to such levels that caused many to die. Likely in these situations electricity would still work, as well as the internet to some extent, or it would be replaced by alternative networks.

Taking out key infrastructure is critical in any battle plan. In this technological age the impact would be devastating. As there's such high reliance on same with little plan B back up other than for military use. Buy some gold coins and bury them in your garden.

mapk

ColdIron wrote: »

You mean a serious crisis like the Oil crisis, Black Monday, Black Wednesday, the Asian financial crisis, the bursting of the dot-com bubble, the Global financial crisis or the European sovereign debt crisis?

The City of London Investment Trust has managed to increase its dividend every single year for 50 years and steered a course through all of the above none of which brought about a new currency

But if I have to answer the question I would go for Groats just to keep Sturgeon quiet because she gets on my wick

Good morning. My name is John.. John o' Groats, and you can get your Groats from me at a very favourable rate. We threw the sturgeon back in the sea just to get her out of Wick which lies ten miles to the south.

PeacefulWaters

A week's supply of non-perishable food, bottled water and toilet paper. A first aid kit and some paracetamol.

Beyond that, it really isn't worth worrying about.