Dominant Objects of Value: Only Food, Tools and Resourcefulness Will Matter In a Mad Max Scenario
May 8th, 2013
When we talk about Mad Max scenarios, we are talking about events where the world as we know it no longer exists. No banks, no credit cards, no grocery stores, no gas stations, and a landscape devoid of law & order.
It’s an outlier to be sure, but one that has been experienced by millions of people throughout history.
Worst case scenarios do happen. And when they do, the activities associated with the regular flow of commerce as we understand them today cease completely.
Historically, this has happened more often than not as a result of economic calamity stemming from states that take on massive amounts of debt, with the end result being widespread war and total economic destruction.
Should such events come to pass in our modern era, everything we understand to be valuable today will be redefined, and only those assets of real worth will maintain their trading power.
According to cyclical analyst and historian Martin Armstrong, the dominant objects of value during a socio-economic collapse are those goods that can be used immediately for the purposes of survival or barter.