If The Grid Fails, Will Currency Work? | Rafi Farber
If The Grid Fails, Will Currency Work? | Rafi Farber
Liberty and Finance: 6-22-2024
As the war in Israel is getting worse, Rafi Farber discusses how he's preparing. He is now grappling with the risk of the electrical grid failing and social unrest increasing.
While these risks may seem remote to those who live in the U.S., he discusses how these risks are everywhere.
Basic use of credit cards or ATMs could be halted by a grid down scenario.
"This is why I have silver in my house," says Farber.
INTERVIEW TIMELINE:
0:00 Intro
1:11 Preparedness
6:41 Understanding risks
9:59 Repo market
14:15 Gold open interest
17:32 A currency reset?
21:54 Last thoughts