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Old 01-27-2011, 03:09 PM   #1
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Default SHTF scenario 1 - No electronic transactions

I experienced this scenario where one of the biggest banks of the nation (not USA) went belly up and people panicked trying to withdraw their money from all other banks. This caused cash shortage which triggered further panic (and other bankruptcy). The gov't eventually placed a maximum withdrawal per account but the people took months to settle down. Note that the country, at that time, hardly uses CC or Debit card yet and most transactions are in cash. Commerce, work, etc. continued normally despite this.

Scenario. USA lost means to do electronic transactions (for whatever reason). No ATM, no POS CC/Debit card processing, etc. It is temporary and may just last a day or could be weeks.

Note that in this scenario, like in my example, you can still buy anything and everything if you have cash.

Are you ready or will you be one of the mob waiting for the bank to open?
How much cash do you have (not your savings in the bank)?
Do you have enough supplies and try to wait it out?
What is the likelihood that it will ignite riots?

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Old 01-27-2011, 03:23 PM   #2
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BTW, this post is triggered by my observation of what others usually say/list they keep in their SHTF kit or BOB. Cash is usually forgotten...which IMHO is one of the most important and should be pointed out.

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Old 01-27-2011, 03:41 PM   #3
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Valid point. If the banks are not doing business, and the CC machine is out, you may be standing there looking poor and stupid. I try to keep one virgin but usable CC and some green folding dead presidents in my "gotta go- bye" stuff. And a roll of quarters.

Ya never know when you need to feed a vending machine, or cash for supplies, "la mordida" etc.

Nice thing about money- it may not be the right size, but it is ALWAYS the right color.

PS- here's a thought- roll your chump change with ones on the outside, and a rubber band holding your stash-rolled around a small tube of OC spray.

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Old 01-27-2011, 04:33 PM   #4
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Interesting thought! Bad enough that you cannot get cash, yet not so bad that barter has replaced cash. Food for thought!!

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Old 01-27-2011, 05:26 PM   #5
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If the electricity is out how will you pay cash for something when they can't scan the merchandise looking for a bar code? Seems the mom and pop stores will be the only ones that might be able to function without that darn bar code.

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Old 01-27-2011, 05:31 PM   #6
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Larry, While that is possible (and funny), the scenario did not say electricity is out. It could be just the communication lines that is down or internet for that matter.

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Old 01-27-2011, 06:40 PM   #7
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Think EMP. Nothing electronic works. It is a very real danger.

I highly recommend reading "One Second After" by W. Fortschen. It's one of the most realistic SHTF if books out there.

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Old 01-27-2011, 07:14 PM   #8
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Quote:
Originally Posted by Poink88 View Post
Larry, While that is possible (and funny), the scenario did not say electricity is out. It could be just the communication lines that is down or internet for that matter.
Reminds me of the solar flare situation back in the late 1990's; none of the gas stations around where i was working could get a connection or whatever to accept credit/debit cards. It was annoying, but ATM's at bank locations were still working. IIRC, it had an impact on cellular phones too.
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Old 01-27-2011, 07:21 PM   #9
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I do think the cash in the BOB is a good point......especially because I think that if there is a SHTF it probably WILL be lack of electricity. But, will money have more value than the price of paper if the SHTF.

I saw this show on TV recenly about solar flares and how they could wipe out the electrical grid.....pretty interesting stuff.

can you imagine if there was no electricty at all? no gas pumps, no heat or cooling, no water, no street lights, no power tools, no cell phones.....etc.

This stuff could be a reality.....we better be prepared!

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Old 01-27-2011, 07:25 PM   #10
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can you imagine if there was no electricty at all? no gas pumps, no heat or cooling, no water, no street lights, no power tools, no cell phones.....etc.
It happened to me too twice! Not because of solar flare but by Super Typhoon (more than 180mph sustained winds) downing most of the power poles of the island and left us with no water for a week and no power for a month (other areas for 2 months). To make matters worse...it was early December so we had Christmas and New Year w/o power.

But that is a totally different scenario.
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