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submitted 5 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world
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[-] givesomefucks@lemmy.world 15 points 5 months ago

“The fall of Rome, Spain’s imperial decline, the French Revolution, the end of Bretton Woods [the 1944 agreement establishing today's international monetary system]… this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold,” Bertrand wrote. “We’re witnessing what may be one of the great pivotal moments in financial history yet it’s being barely discussed.”

It'll never get old to me that the Uber wealthy know money is only valuable because everyone agrees it is. And when they accumulate too much, everyone else stops caring about it make Ng it worthless...

And their response is always to hoard a different thing that is mostly valuable only because people all agree it is.

Like, gold does have some actual uses, but none of this is being used for that. Just hoarded because people think others want it.

But shit gets bad enough, it's like a zombie apocalypse.

You can have all the gold in the world, doesn't mean someone will trade even a gun with a single bullet for it.

There's just no real way to hold onto that insane levels of wealth it inequality, because it's totally unnatural. It's unmaintainable, but the people who benefit will try everything to keep it.

[-] floofloof@lemmy.ca 7 points 5 months ago

You can have all the gold in the world, doesn’t mean someone will trade even a gun with a single bullet for it.

On the other hand, there are plenty of people who wouldn't mind giving you a single bullet for free.

[-] ininewcrow@lemmy.ca 1 points 5 months ago

It's the legendary metaphor of the all powerful dragon that sits on his mountain of gold

[-] avidamoeba@lemmy.ca 1 points 5 months ago

Yeah, many people, wealthy or not, do not understand what money is, or any other medium of exchange, and where their value comes from.

[-] WanderWisley@lemmy.world 6 points 5 months ago

I work in the mining industry and all of my coworkers are so excited about the price of gold and other precious metals hitting record highs. They say that this will result in all of us becoming wealthy. Bless their hearts…

[-] beejboytyson@lemmy.world 1 points 5 months ago

Their bosses, you'd think the know the difference.

[-] WanderWisley@lemmy.world 2 points 5 months ago

You would think that but no, most of the management is the same. All are happily excited about all the things they are doing to buy. There are a handful of people who are going to be retiring within a year and they are all excited too. One of the older employees has medical issues and requires medication and within the last couple of months he has been unable to get his medication and has had a few moments where he has been hospitalized as a result. And he blames “woke” and “trans liberals” for the problems. The next 4-6 months are going to be interesting to see.

[-] starrysonics@lemmy.today 4 points 5 months ago* (last edited 5 months ago)

You know, everyone acts like an economic collapse would create an apocalypse world and just be over. Technology doesn't just go away. Infrastructure doesn't just go away. We're looking at a potential world conflict that sees the death and birth of multiple global powers. Think Rome but with nukes and shit. Yeah it's bad in the post nuclear world. We can't predict how bad it will actually be especially with climate shit creeping up but the idea that new governments won't pop up is silly. Really it's kind of hopeful in a way.

Welcome to the shifting of hegemony

[-] ShaggySnacks@lemmy.myserv.one 4 points 5 months ago

This is why I started hoarding bottle caps.

[-] lechekaflan@lemmy.world 1 points 5 months ago

Also learning how to grow rootcrops.

[-] TankovayaDiviziya@lemmy.world 3 points 5 months ago

*American civilisational collapse

[-] _edge@discuss.tchncs.de 1 points 5 months ago

US-American.

Unfortunately most the so-called west is toast when the US fails. From Military to Cloud all US-dominated.

[-] TankovayaDiviziya@lemmy.world 1 points 5 months ago

Europe is slowly decoupling from US tech, fortunately.

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[-] MrNesser@lemmy.world 3 points 5 months ago

The imaginary money you invested in gold is worthless if civilization collapsed, so it's in the rich person's interests to keep things going so they can pull that investment back.

It's more likely we are heading to another US recession, hopefully not as bad as the 1930s

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[-] BarneyPiccolo@lemmy.today 2 points 5 months ago

This is great news, my Beanie Baby collection is about to bounce back.

[-] JackDark@lemmy.world 2 points 5 months ago

Some See Warning Signs of Civilizational Collapse

Yes. Everyone.

[-] cmbabul@slrpnk.net 1 points 5 months ago

A very useful currency for a collapse at least in the early days is gonna be cigarettes

[-] bagsy@lemmy.world 3 points 5 months ago

cigarettes, whiskey, and 9mm.

[-] SabinStargem@lemmy.today 1 points 5 months ago

I am figuring K-Cups might be a currency as well, for those who have a caffeine addiction like myself.

[-] queermunist@lemmy.ml 1 points 5 months ago

Whenever the pet rock starts to outperform the markets you know you're in for a bad time.

[-] Pacattack57@lemmy.world 1 points 5 months ago

My maga mom has been trying to get me to buy silver for the last few months and I keep telling her if society ended silver isn’t gonna be worth anything. She got mad and changed the subject 😅

[-] relianceschool@lemmy.world 1 points 5 months ago* (last edited 5 months ago)

If you'd bought silver (or silver ETFs) a few months ago you would have made a whole bunch of money, and society hasn't ended yet.

[-] gandalf_der_12te@discuss.tchncs.de 1 points 5 months ago

if society ended silver isn’t gonna be worth anything

i doubt that.

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[-] Formfiller@lemmy.world 1 points 5 months ago
[-] random_character_a@lemmy.world 1 points 5 months ago

Just late stage capitalism.

[-] baines@lemmy.cafe 1 points 5 months ago

stupid fuckers, buy bottlecaps

[-] Alloi@lemmy.world 1 points 5 months ago

if you are a "have not" start hoarding bullets, they are really good at farming gold from the "haves"

brought to you by Big Marauder

[-] anarchy79@lemmy.world 2 points 4 months ago

Gold is only valuable in a society. You can't eat it post apocalypse.

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this post was submitted on 20 Oct 2025
41 points (91.8% liked)

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