What's the last thing you bought?

[Hal-9000]

yeah if Syria wipes you guys out, cash and gold ingots will rule the day!






*kinda half a joke there...

[PorkChopSandwiches]

On there best day maybe they could wipe out a town.

[Hal-9000]

I often wonder (and don't Chicken Little me...) if something occurs....let's say a large EMP from the sun.

In one moment, everything with a chip ceases to function. Bank cards, credit cards, cars, pc's.....the works, all of it goes dark.


At that point we'd have to become a cash and barter only society. Food stores would have to put up cash only signs and the line ups to banks would become epic in scope.

I don't think the banks have the solvency to cover every user that comes there and demands all of their cash on the spot.


So besides an economic crisis of biblical proportions, we'd have people who have a lot of money on paper, but couldn't buy milk and food and gas for the week.

Seriously....how many times in the month do we actually pull out a bunch of currency and throw it in our wallets? I do it for coffee and a bad habit of mine, after that...it's all just notations on an ether-ledger in the sky...

[Muddy]

yeah if Syria wipes you guys out, cash and gold ingots will rule the day!


*kinda half a joke there...

I know you're joking, but really.. You need capital to be able to borrow capital.. You never really spend any of it.. You just shuffle it around from one pile to another until you cash out.

[Hal-9000]

I hear that mang

[PorkChopSandwiches]

I often wonder (and don't Chicken Little me...) if something occurs....let's say a large EMP from the sun.

In one moment, everything with a chip ceases to function. Bank cards, credit cards, cars, pc's.....the works, all of it goes dark.


At that point we'd have to become a cash and barter only society. Food stores would have to put up cash only signs and the line ups to banks would become epic in scope.

I don't think the banks have the solvency to cover every user that comes there and demands all of their cash on the spot.


So besides an economic crisis of biblical proportions, we'd have people who have a lot of money on paper, but couldn't buy milk and food and gas for the week.

Seriously....how many times in the month do we actually pull out a bunch of currency and throw it in our wallets? I do it for coffee and a bad habit of mine, after that...it's all just notations on an ether-ledger in the sky...

I keep a few grand on hand "in case shit"

[Hal-9000]

I keep my wiffle ball bat at the ready....in case shit

[Muddy]

I dont use credit cards.. I use a bank checking account for day to day purchases and stock pile the big stuff.. (which isnt really that big)..

[Hal-9000]

all of our computer systems going down scares the shite out of me...

we've become too dependent on the tech to manage almost all aspects of our lives and Mother Nature has a habit of cleansing the world every few thousand years..

I feel a renewal on the horizon






*this happy thought brought to you today by Sunshine-9000

[PorkChopSandwiches]

I think about that quite a bit as well

[FBD]

FBD, so sorry to hear of your problems, truly. Not much I can say, other than yes, it does happen, and no, it's never fun when it does. If you do decide to "leave the country" (joking here, sorta) may I recommend Peru, specifically the Miraflores, or San Isidro areas of Lima? Awesome food, entertainments, gambling, shopping, health clubs, many martial arts domos. Not sure about meditation, but I'm willing to say it's very much there based on the expat society that I'm familiar with.
If you do go there, in about 5 more years, I'll meet ya there. Gotta get the youngest through college first. Bar nore, of all the places I've been in the world, this is my favorite. (Well, okay, Land's End is cool as hell to, but you gotta bring your own split tail, food and drinks)

Good stuff. Friend of a friend has a hermitage of sorts in the andes boy did I have a big fkd up dream after getting word I was welcome to go there anytime...

[Muddy]

Back in the 30's I think the banks seized all the cash and only paid out like 30% on the dollar...

[FBD]

I keep my wiffle ball bat at the ready....in case shit

I think about that quite a bit as well

I used to...now I just prepare and dont worry about it.

[FBD]

the physical shiny stuff in hand, once the federal reserve fire starts...that shit is going to triple in value.

[Hal-9000]

like in the Die Hard movie...The Fire Sale scenario (true btw...)

where you cripple a city or a country by taking down it's banking systems first....it's like pulling out the loadstone in a structure