The Daily Web Log for Prepared Individuals Living in Uncertain Times.
E-Mail 'Economics & Investing For Preppers' To A Friend
Email a copy of 'Economics & Investing For Preppers' to a friend
Loading ...
8 Comments
Government Ordering Agriculture Be Removed From Commodity Indexes
For a newspaper, his Research Needs to be better.
The drought and it´s effect was all over the News in Germany.
Did he know, that forestry is considered a part of agriculture for this in Germany?
I’ve said this countless times to many people over the years who have touted the “inevitable death of cash” – including a bank manager – and they always re-think their opinions every time after hearing me on the matter. Cash will always be with us.
I’ve been through numerous power outages (lasting more than 24 hours) over my lifetime for various reasons: earthquakes, equipment failures, lightning strikes, vehicular accidents resulting in power poles down, etc. Sometimes we didn’t even know the reason. But each time was the same…all the businesses shut down except those that chose to accept cash, and each time their lines were literally out the door with customers who were funneled to them by necessity.
It doesn’t even have to be an outage. Not too long ago, I pulled into my usual gas station and noticed that a lot of cars were quickly driving away after stopping at the pumps. The station’s AT&T connection was down, meaning they couldn’t process any electronic payments and were temporarily accepting only cash for the day. I was one of the few that actually had cash on me, and I watched most everyone else huff off in an angry tizzy (amazing that they didn’t have even a $20 for emergencies).
Cash is being shunned only by those who stand to profit from cashless transactions.
If the Business isn´t capable of accepting cash or delivering the objects, cash is useless.
I wouldn´t ´ve wasted my iron reserve of Money, if the possibility exist to pay wit a Card around the corner
Not sure how this relates to my previous comment.
My point was that if the power is out, then a credit/debit card is useless, and cash is always accepted in lieu. Those companies that were deprived of power, were in turn deprived of sales because they *chose* to close their doors until the power was restored. Those businesses that chose to keep their doors open in the interim for cash sales saw a huge increase in business because they were the only choice for customers.
Power went out in the entire Monterey Bay area for 48 hours while I was vacationing there. All of Cannery Row was closed except the Ghiradelli Chocolate store, which had the door and windows open to let sunlight in, and took cash (while writing sales on a paper ledger with a pen, old school). Customer line was out the door.
Same thing when the power went out in my local area a few years ago for two days due to a blown transformer. All shops closed down for blocks in every direction, except for a sandwich shop that accepted cash. Line was out the door and down the sidewalk, and they could barely keep up.
My argument was, if the cash Register doesn´t work. because the Software malfunctions – the power is out etc, than you can´t buy with cash.
Shoped once in a grocery store and this happened, cash or Card didn´t matter, you couldn´t pay and so you couldn´t buy.
Cash couldn´t be accepted and in Europe cash is king
OTOH
If the pumps in the gas Station didn´t work, they couldn´t give you gas, so they hadn´t anything to sell – so cash wouldn´t help.
I have never seen a situation in that having cash was a bad idea.
It has worked 100% of the time and many times products and services are cheaper when one uses cash.
I never meant to say it´s a bad idea.
Only that it isn´t necessarily working 100% all the time
“Mygenericstore” is a well-established pharmacy service that deals primarily with generic medicines produced by quality-assured manufacturers from developing countries.
#1 Trusted Gravity Water Purification System! Start Drinking Purified Water now with a Berkey water filtration system. Find systems, replacement filters, parts and more here.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content. Thank you!
Government Ordering Agriculture Be Removed From Commodity Indexes
For a newspaper, his Research Needs to be better.
The drought and it´s effect was all over the News in Germany.
Did he know, that forestry is considered a part of agriculture for this in Germany?
I’ve said this countless times to many people over the years who have touted the “inevitable death of cash” – including a bank manager – and they always re-think their opinions every time after hearing me on the matter. Cash will always be with us.
I’ve been through numerous power outages (lasting more than 24 hours) over my lifetime for various reasons: earthquakes, equipment failures, lightning strikes, vehicular accidents resulting in power poles down, etc. Sometimes we didn’t even know the reason. But each time was the same…all the businesses shut down except those that chose to accept cash, and each time their lines were literally out the door with customers who were funneled to them by necessity.
It doesn’t even have to be an outage. Not too long ago, I pulled into my usual gas station and noticed that a lot of cars were quickly driving away after stopping at the pumps. The station’s AT&T connection was down, meaning they couldn’t process any electronic payments and were temporarily accepting only cash for the day. I was one of the few that actually had cash on me, and I watched most everyone else huff off in an angry tizzy (amazing that they didn’t have even a $20 for emergencies).
Cash is being shunned only by those who stand to profit from cashless transactions.
If the Business isn´t capable of accepting cash or delivering the objects, cash is useless.
I wouldn´t ´ve wasted my iron reserve of Money, if the possibility exist to pay wit a Card around the corner
Not sure how this relates to my previous comment.
My point was that if the power is out, then a credit/debit card is useless, and cash is always accepted in lieu. Those companies that were deprived of power, were in turn deprived of sales because they *chose* to close their doors until the power was restored. Those businesses that chose to keep their doors open in the interim for cash sales saw a huge increase in business because they were the only choice for customers.
Power went out in the entire Monterey Bay area for 48 hours while I was vacationing there. All of Cannery Row was closed except the Ghiradelli Chocolate store, which had the door and windows open to let sunlight in, and took cash (while writing sales on a paper ledger with a pen, old school). Customer line was out the door.
Same thing when the power went out in my local area a few years ago for two days due to a blown transformer. All shops closed down for blocks in every direction, except for a sandwich shop that accepted cash. Line was out the door and down the sidewalk, and they could barely keep up.
My argument was, if the cash Register doesn´t work. because the Software malfunctions – the power is out etc, than you can´t buy with cash.
Shoped once in a grocery store and this happened, cash or Card didn´t matter, you couldn´t pay and so you couldn´t buy.
Cash couldn´t be accepted and in Europe cash is king
OTOH
If the pumps in the gas Station didn´t work, they couldn´t give you gas, so they hadn´t anything to sell – so cash wouldn´t help.
Excuse my bad english
Cryptos:
CRYPTO Official Trailer (2019) Kurt Russell, Luke Hemsworth Movie HD
(YouTube Video)
Rapid Trailer
Published on Mar 11, 2019
https://www.youtube.com/watch?v=kYZut3DWvek
https://en.wikipedia.org/wiki/Crypto_(film)
Those Russians make such great villains…
Hollywood disinformation on Crypto Currency???
I have never seen a situation in that having cash was a bad idea.
It has worked 100% of the time and many times products and services are cheaper when one uses cash.
I never meant to say it´s a bad idea.
Only that it isn´t necessarily working 100% all the time