Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: grania
I can walk into the local bank, write a check, and they will give me cash.

Until you can't. For whatever reason.

Granted, I am referring to extraordinary, unlikely circumstances here but not out of the realm of possibility these days.

31 posted on 03/01/2014 8:33:50 AM PST by Tonytitan
[ Post Reply | Private Reply | To 15 | View Replies ]


To: Tonytitan
...the realm of possibility these days

I agree that it wouldn't be totally out of that realm for banks to restrict how much cash you can withdraw. Doesn't hurt to stay a few weeks ahead on expense money.

There are a few things that make sense. One is to pay a few months ahead on utility bills....better on account with them since it's paying 0% in the checking account anyway. That maneuver eliminates all possibility of late fees.

Another one is to stay ahead on purchases of things that last and you know you'll need in a few years. It's like insurance against price increases, quality decreases, and shortages.

37 posted on 03/01/2014 9:03:26 AM PST by grania
[ Post Reply | Private Reply | To 31 | View Replies ]

To: Tonytitan

I can’t — when my country ceases to exist. At which point I’m guessing my bitcoin will be worthless as well, given I probably won’t be able to access an “internet”, even if I can find something called “electricity” and a thing like a computer that will work.

If the U.S. dollar becomes worthless, you better be stocked up on physical things you can actually use, like food and clothing, and probably guns and ammo. Bitcoin will be worthless if cash is worthless. Gold will be worthless, at least until some new semblance of order is created, which might not ever happen because you need smart people for that and we are a nation of idiots.

The nice thing about a can of corn is, no matter how long it sits on your shelf, when you finally “cash it in”, it is still worth one can of corn.


54 posted on 03/01/2014 2:58:07 PM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 31 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson