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<p>[QUOTE="KSorbo, post: 3556020, member: 56370"]After reading this thread I have a few thoughts on the issue:</p><p>1. In the event of a short to medium term blackout, I agree that cash would be extremely beneficial. The potential for that scenario is a good reason not to go cashless.</p><p>2. In the event of a long term blackout (EMP strike, solar storm etc.) we would be pretty much screwed. Instead of cash or even precious metals, survival would depend on access to weapons, ammo, and stores of food. The natural carrying capacity of North America without electricity and the modern technology that goes with it would be only a fraction of our current population. Natural selection would be the name of the game.</p><p>3. I agree that using cash is a good way of avoiding government surveillance and control. However, history is filled with examples of governments carrying out confiscatory currency reforms. The recent demonetization of 1000 rupee notes in India is a prime example. I’ll let the gold bugs take this point from here and run with it...[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 3556020, member: 56370"]After reading this thread I have a few thoughts on the issue: 1. In the event of a short to medium term blackout, I agree that cash would be extremely beneficial. The potential for that scenario is a good reason not to go cashless. 2. In the event of a long term blackout (EMP strike, solar storm etc.) we would be pretty much screwed. Instead of cash or even precious metals, survival would depend on access to weapons, ammo, and stores of food. The natural carrying capacity of North America without electricity and the modern technology that goes with it would be only a fraction of our current population. Natural selection would be the name of the game. 3. I agree that using cash is a good way of avoiding government surveillance and control. However, history is filled with examples of governments carrying out confiscatory currency reforms. The recent demonetization of 1000 rupee notes in India is a prime example. I’ll let the gold bugs take this point from here and run with it...[/QUOTE]
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