Preparing for Ragnarok

We are entering a solar minimum, and our planet is reacting with earth quakes, volcanic eruptions and harsh winter weather.

Only yesterday, Mount Sinabung erupted down in Indonesia. From the look of it, it is an eruption a little larger than the Mount St. Helens eruption in 1980. We can therefore expect our planet to cool measurably over the next months. There may be a late spring. We may also see low temperatures persist into the summer. It all depends on how much more ash the volcano is going to pump into the atmosphere.

The eruption does not look large enough to upset things too much, though. However, if we see a few more of these eruptions, we could be in for a bad harvest with significant crop losses.

The effect of this would be a marked uptick in food prices. Volcanic eruptions that are large enough to upset the world's food production are inflationary. In extreme cases, they are even hyper-inflationary. Financial systems can collapse. Food supplies to cities can be interrupted.

Under such circumstances, fiat currencies may no longer be accepted by merchants. Only those in possession of gold or silver will be able to trade. This is the exact same scenario that pans out during a man made crisis like a financial collapse through hyper-inflation, only worse. Because in the case of a natural disaster there is too little food available. Someone will have to starve.

The most vulnerable will be those who are dependent on government handouts, because governments will not be able to get hold of the supplies. Merchants will refuse to accept food stamps backed by worthless government fiat when there are people ready to pay with silver and gold.

In the event of a truly catastrophic eruption in which the climate gets severely upset, owning land will not necessarily be a good alternative to owning gold or silver, because the land may be in the wrong location. Owning land that fails to produce the expected harvest will not save the owner, nor anybody else.

In the event of Ragnarok, only the lucky and the ones with the resources and will to move from one place to another will survive.

By Heritage Auctions for image, Mary Gillick for coin - Newman Numismatic Portal, Public Domain, Link