So far outside the box you can't even see the box from here.
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Saturday, May 18, 2013
No Cash, no Sale
My lovely wife and I were picking a few things up at a store. We got to the check out and there were a bunch of people just milling around. The cashier asked if we had cash as the credit card system was down. We had enough cash for our purchases so we settled up and left. The other people there were all paying by one type of card or another so they couldn't buy anything.
Now some people like to have gold or silver as a backup for when the plastic cards don't work any more. That's all well and good as long term strategy, but the cashier wasn't taking precious metals. Cash, on the other hand, was perfect. Yes, I know there are some small business owners out there that would happily barter precious metals for their goods, but they are the exception. For your average purchase when plastic won't work, cash is the thing.
With all the solar flares popping off lately, there's a chance that satellites and power systems necessary for electronic purchases might get disabled. Keep a bit of cash available for any last minute purchases.
I don't normally go around with big wads of folding money, but I don't feel comfortable unless I have some. Maybe I'll have to buy some food or fuel in an emergency. Batteries, candles, and lighters won't stay on the shelves long either. Those with cash can score some last minute supplies.
In a long term disaster, cash won't be any good either. The thing is, few of us will know if the problems are short term or long term. From a person's perspective on the ground, they can't tell if it's a local temporary power outage or if a CME has taken out the National grid for years. Don't be that guy hanging around the check out, waiting for your credit card to work again.
I live in an area of NH known as the Great North Woods. I'm in my dome-i-cile out in the county with my lovely wife and a varying number of family and friends
-part red neck, part hippie but all country. Experimenting and enjoying the adventure of life.