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 believe 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. (more)
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