If it really were a SHTF scenario, money would be practically worthless so withdrawing it from the bank would be a waste of time.
Can I go get yours for you?
Here, sign here......................................
;-)
(Just kiddin' around.....gallows humor, you know...)
That pickup load of apples I picked today, and that pickup load of potatoes out in the backyard I’ll be digging up this coming week, are going to be valuable whether the SHTF or not.
And the three freezers full of veggies won’t hurt, either. As long as the power stays on anyhow...
Only one load of firewood in so far, though. Time to get on that.
My old house gets paid off this coming week, which is a real blessing. That puts us in pretty good shape. The only thing that could get us is taxes, and that takes a few years to play out. Besides, if things get that bad everyone will be being evicted. At that point most bets are off anyway.
It depends on the cause. If it is simply grid down, cash is still king until it turns into an extended outage.
“If it really were a SHTF scenario, money would be practically worthless so withdrawing it from the bank would be a waste of time.”
Absolutely incorrect. For a short time, cash will be KING. Start with a few basic assumptions:
1. Banks shut down so you can’t get cash.
2. Credit systems shut down so you can’t charge stuff.
3. People are stupid.
#3 is the key. There will be a few days when some businesses will try and stay open, on a cash-only basis. For those few days, people will still believe cash has buying power. Bear in mind that the stocks will FLY off the shelves (like milk and bread before a snowstorm) but there will be some products that you may be able to get your hands on with cash - batteries, first aid/medicines, dog food, soap, etc. Use your cash to immediately purchase these non-bread/milk items while everyone else is fighting over that crap. There will even be gas stations open on a cash only basis where you can top off your cans.
It won’t be long before people realize cash is useless, but having an immediate supply on hand would actually be quite helpful.
Not true. In the nascent stages of panic, a wise person will use his scarce cash for staple items that will skyrocket in value in the coming months.