Federal Prime what now?

[asterroc]

There's this Federal Prime Interest Rate sorta thing. And the Feds change it. And somehow it makes all other interest rates change and whether people can get mortgages and stuff.

Explain.

Comments

[tiurin.livejournal.com]

Notice that I said _slow_ devaluation. Though even in a rapid devaluation and/or hyperinflation, it is highly probable that gold will still be able to act as a store of value.

In the case of a devaluation or hyperinflation so complete it results in total economic collapse, gold may or may be viable as a store of value. However, you forgot arguably the most important item necessary besides canned food and fresh water- weaponry.

As for whether I have a cache for those items as well is left as an exercise to the reader.