Loan Modification

Grocery Stores Begin To Accept Silver!!!

By Implode-Explode Heavy Industries

Interesting video. Shows some of the practical aspects of what we might see in extreme inflation.

The irony is, right now, while stores are still accepting fiat paper dollars, people should be more inclined to spend the "risky" dollars, and hold on to gold and silver. You don't want to swap out the hard money until you absolutely have to -- basically when there are no vendors convenient to you that will still accept paper money.

Also note that, when he says in the video "instead of using real money, I am using silver" -- he actually has it backwards. At best, paper dollars are currency and the gold and silver are typically money but not typically currency (yet) -- but we can forgive this colloquialism.

Full post as published by Mortgage Lender Implode-o-Meter on June 13, 2009 (boomark / email).