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 01-27-2011, 03:09 PM | #1 | Senior Member Join Date: Mar 2010 Location: , TX Posts: 1,119 |  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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| 01-27-2011, 03:23 PM | #2 | Senior Member Join Date: Mar 2010 Location: , TX Posts: 1,119 |
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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| 01-27-2011, 03:41 PM | #3 | Moderator Join Date: Feb 2008 Location: Third bunker on the right, Central Virginia Posts: 8,374 Liked 5 Times on 5 Posts
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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. __________________
What we have heah is.... failure to communicate. | |
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| 01-27-2011, 04:33 PM | #4 | Ground Zero Ocean Join Date: Jul 2008 Location: Florence, Oregon Posts: 8,463 |
Interesting thought! Bad enough that you cannot get cash, yet not so bad that barter has replaced cash. Food for thought!! __________________ Molon Labe!
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Hey, any constitution that acknowledges the people have a right to own weapons so that they may defend themselves -- including from an out-of-control government -- is OK by me...bkt
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People get the government they deserve. | |
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| 01-27-2011, 05:26 PM | #5 | Senior Member Join Date: Nov 2010 Location: , Texas Posts: 231 |
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. __________________
"A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government." -- George Washington
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| 01-27-2011, 05:31 PM | #6 | Senior Member Join Date: Mar 2010 Location: , TX Posts: 1,119 |
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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| 01-27-2011, 06:40 PM | #7 | Sic Semper Tyrannis Join Date: Nov 2007 Location: , The Mother Lode Posts: 18,437 |
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. __________________
Ineptocracy (in-ep-toc’-ra-cy) - a system of government where those least capable of leadership are elected by those least capable of producing, and where the members of society least likely to succeed or provide for themselves are rewarded with goods and services paid for by wealth confiscated from a diminishing number of people who actually work and produce.
ΜΟΛ'ΩΝ ΛΑΒ'Ε | |
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| 01-27-2011, 07:14 PM | #8 | Deader Bears=Better Bears Join Date: Feb 2009 Location: BFE, Mississippi Posts: 10,078 Likes Given: 3
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Quote:
Originally Posted by Poink88
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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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. __________________
Dead Bears, the only good kind.
DEATH TO FREE-RANGING BEARS!!! (except FTF members ;) ) | |
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| 01-27-2011, 07:21 PM | #9 | Senior Member Join Date: Dec 2009 Location: Monte Vista, CO Posts: 1,232 |
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! __________________
It's like paradise on Earth, enriched with the ever so sweet nectar of
elk urine.
When you're out there by yourself, you become who you really are. | |
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| 01-27-2011, 07:25 PM | #10 | Senior Member Join Date: Mar 2010 Location: , TX Posts: 1,119 |
Quote:
Originally Posted by amoroque
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.
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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.  
Last edited by Poink88; 01-27-2011 at 07:28 PM. | |
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