Cash only and bank failures possible?

[homerunhitter]

Hello,
I love the vast knowledge and great wealth of experience you guys have here so I ask this question (because I know you guys will give a honest, straight forward answer) based on what I am reading on the internet, my question is:

Do you think if china, russia, iran, etc decides to have big balls and attack our power grid, will that have an effect on our banking systems and us having access to our money. is this likely? I ask this because lets say our banking power grid goes out nationwide, and we dont have access or the ability to go to an atm and get money out (this could be for days, weeks or even months in a worse case scenario) how do people survive if their bank funds get turned off. or if electronic cash registers lose power. how do you pay for things like groceries? do you recommend maybe going cash only so in case this happens you would have cash on hand? again, how likely of a scenario is this and is cash only the way to go? Will cash always be king?

[CardPadre]

Originally Posted by homerunhitter

is this likely?

No

[bnorth]

Seems someone has been watching too many Generac generator commercials.

[homerunhitter]

thanks guys, I guess I cant believe everything that I read on the internet nowadays!

[BobbyStrawberry]

Originally Posted by homerunhitter

thanks guys, I guess I cant believe everything that I read on the internet nowadays!

More true than ever.

[timzcardz]

Well . . . Cash IS King!

Could always try using baseball cards as currency.

[G1911]

Originally Posted by homerunhitter

thanks guys, I guess I cant believe everything that I read on the internet nowadays!

It's statements like this that make this account difficult to take seriously lol

[Cliff Bowman]

Well, I read on the Internet that I will be underwater in ten years unless I repent my beliefs, I am treating that as the gospel truth.

[homerunhitter]

Originally Posted by G1911

It's statements like this that make this account difficult to take seriously lol

you funny guy! I like!

[SAllen2556]

Originally Posted by homerunhitter

hello,
i love the vast knowledge and great wealth of experience you guys have here so i ask this question (because i know you guys will give a honest, straight forward answer) based on what i am reading on the internet, my question is:

Do you think if china, russia, iran, etc decides to have big balls and attack our power grid, will that have an effect on our banking systems and us having access to our money. Is this likely? I ask this because lets say our banking power grid goes out nationwide, and we dont have access or the ability to go to an atm and get money out (this could be for days, weeks or even months in a worse case scenario) how do people survive if their bank funds get turned off. Or if electronic cash registers lose power. How do you pay for things like groceries? Do you recommend maybe going cash only so in case this happens you would have cash on hand? Again, how likely of a scenario is this and is cash only the way to go? Will cash always be king?

Screen Shot 2023-07-14 at 1.39.58 PM.jpg

[bnorth]

Originally Posted by SAllen2556

Attachment 579859

LOL, or stop drinking heavily.

[Republicaninmass]

Originally Posted by bnorth

LOL, or stop drinking heavily.

"To alcohol, the cause and solution to most of life's problems"

-Homer Simpson

[CA Esq]

Originally Posted by homerunhitter

Hello,
I love the vast knowledge and great wealth of experience you guys have here so I ask this question (because I know you guys will give a honest, straight forward answer) based on what I am reading on the internet, my question is:

That's the problem right there.