Cash is king, are you prepared?
Probably one of the best preparations for that "up coming" emergency is good old CASH. 3 different things triggered this thread.
1.) I heard someone on talk radio mention that they were in New York during the blackout of 1977. It was an electricity blackout that affected most of New York City from July 13, 1977 to July 14, 1977. They said credit card machines didn't work, and places didn't take checks. They said "cash was king".
2.) I was in a busy vacation destination not long ago when a blackout occured. I think I talked about this before, but to summarize, we were eating at a restaurant, and just finishing up when the power went out for many blocks. The restaurant couldn't take credit/check cards, and couldn't even make change because the till wouldn't open. Patrons were not allowed to leave without paying, and confusion and kaos started to take root immediatly. Luckily, I had enough small bills in my vehicle to cover the bill, so we were able to settle up and leave. Also, the gas pumps weren't working, but luckily we had a full tank of gas.:tongue_smilie:
3.) I'm sitting here watching a show tonight called "Income Property" and the couple in this reality show had $1200 stolen from their checking acount because somebody copied their check card and made a withdrawl. They were in major panic mode because their $2400 house payment was due soon and they wouldn't get their money back from the bank for 10 days. :bawling: Obviously they had absolutly no real savings account.
Maybe others have made this point before, but please do yourself a favor and stock up on some good old fashion dead presidents.
:winkiss:
