the immediate result, in my estimation, is that it will become very quickly, quite worthless. and, the paper money that people will have squirreled in gun safes, in mattresses, and in car trunks and the like, will rise very very quickly in value.
as will other items of tangible personal property, such as guns, tools, automobiles, musical instruments and quality furniture, ... , in short, anything that can be used for barter or for skilled craftsmanship, will absolutely skyrocket in value.
and, if you think foodstuffs have gotten expensive, i think we have not even begun to experience how valuable such things are, and how expensive things will be, when the federal government destroys something that civilization after civilization in our history has depended upon ..... a dependable, agreed upon value of money, as determined by traditional markets, and the marketplace.
if you think that people are gonna recognize the arbitrary determinations of a bunch of idiot shit-assed bureaucrats as to market place "exchange rates," you got another think coming. money, and only money, has performed that function, and a bunch of bureaucrats are gonna find themselves immediately in deep, dark waters when try to do this.
the task will be too complicated, too monumental to carry off, and no one will follow the governments "lead" in these futile attempts.
in short, black markets, and markets not subject to the tax collector's efforts to tax everything from breathing to fucking, simply will be replaced by illegal transactions ..... just as all illegal transactions, such as illicit sex to illicit drugs to illegal trading in valuable artifacts and works of art have always been traded.
everything will go underground. period. and, the tax collectors will flounder, no matter how strenuously the bushes get beaten.
organized crime, prostitution, counterfeiting ... all will flourish.
and, if you think gold, silver, copper, and other precious commodities (anything that lasts, ... , ivory, animal tusks, valuable stone and minerals) are valuable now, wait until the idiots in the government get done trying to take digital control of the markets.
and, finally, ... , we get to guns, and ammunition. brass cases, primers, gun powder for reloading, reloading equipment, and yes, loaded ammunition, is simply going to skyrocket in value, and as this idiot's/fools/leftist paradise approaches, you are gonna see a lot of things simply "disappear," and the values increase with a perceived scarcity.
the more things change, the more they stay the same. and, oh, yeah, the biden's will find a way to profit from this, and will be market leaders in illegality. what do you wanna bet that jill biden's jewelry collection, goold chains, diamonds and the like, get "disappeared?" anyone what to take that bet?
john jay @ 05.29.2023
*** and the "price" of fresh baked bread goes through the roof, with a bang and a zoom!!
*** and, there will somehow be lots and lots of paper money, perhaps even some printed by the various states of the union. money, my friends, is essential for flexible, durable and lasting markets. thus it has ever been, and thus, it will be!!!