We recently had some power outages in
my area and I ran to the local auto parts store to pick up some
starting fluid to try to get my generator going. Yes, total fail
there- both not having my generator in good and not having starting
fluid on hand.
But anyway, the power was out at the
auto parts store and they had a sign displayed:
They were writing tickets by hand and
couldn't take credit cards because their computers were down. Well,
not all their computers, they had one register up, running off a big
truck battery, to look up prices. They could sell you anything in
the store providing you had the cash for it. No cash, no sale.
In a localized power outage it's not a
big deal, you drive to the next locality or town. But in a more
global power outage, like a EMP strike, a power grid hack or failure,
a big earthquake that knocks out infrastructure or civil unrest the
area affected could be widespread. That's when you really need to
have cash on hand if you want to purchase any goods or services. Waiting until there is a power outage is too late. If
it's a serious financial collapse, perhaps having some silver coins
on hand would be a good idea as well. If people lose faith in paper
money they'll likely still place value on hard currency like silver
coins. For a few days anyway. If it's something that will affect currency stability for years, people will quickly lose their faith in paper currency, then precious metals. An item is only worth what someone is willing to offer for it, and a man with no food or water is unlikely to want anything but.
Stay safe out there!
Stay safe out there!