/biz/ - Business & Finance

>>57290121
Hello /pmg/ there is a question that has been nagging on me for some time. Some context first,
We understand the need of pms and we understand the cliff of oblivion we stand on as the global monetary system hangs precariously at its end of life. I've heard it said in Austrian circles that in a hyperinflationary economy, the most important thing is money. Not food, or water, obviously these things are essential to life, but a functioning monetary medium is essential for the life of what you might call "society" and the order and stability that stems from it. Without a functioning money there is no means to conduct commerce, thus there is no economy, there is no means for people to transfer the products of their labor energy in exchange for the things they cannot produce themselves. Barter is the natural solution to this asuming you have something to barter with, and barter with gold and silver is simply the most efficient means of barter. Therefore we can see that a functioning monetary system is something that can spring up naturally, as a matter of necessity.

The question then is the matter of the actual pricing structure. How do we actually determine the prices of things when a monetary regression takes place? Must we really look at historical ledgers and see what baskets of apple's and boxes of nails cost in 1850? Does any of this information even exist anymore? Or is it just the ephemeral *free market* that determines prices by some unknowable force.
It is all well and good to recognize the potential purchasing power of pms, but it seems to me that any group of people that can determine the new price signal the fastest will not only overcome the hardship of credit collapse, they will restart and expand their new economy the fastest, reorganizing power and wealth on a base level. Here are some metals I like to stack, thank you for your consideration. Something to think about at least.