We get to see now just how much control the Cabal has on the crypto currencies!
(www.thegatewaypundit.com)
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No electronic device will work obviously. Big box stores, with their monopoly and their inventory systems goes down. Heck previous outages has already proven they can't even open their cash registers if power or internet connectivity goes out. Hence no medium of exchange matters. Tho idiots still think cash or gold will save them in such event.
First night, the light won't come on, the malls will get burned, looted and some people murdered, already happened in some places. After that the collapse will slowly starve people to death, some will evolve into cannibalism after a few weeks. Something like that is gonna happen.
Then you'd better hope there's another way to access other network devices. Assuming there's still a place to spend your money, that hasn't been looted yet.
Why would I need to? You're talking about a collapse so severe that there won't be any place to spend money. If it ever comes down to that I don't give a fuck about what happens to anything electronic. I'd be busy breeding chickens, chopping wood, hunting boar, salvage the ruins of what's left of society after the vast majority of people have died.
This is a ridiculous argument against crypto, as it assumes anything else will still be operational. Which it wont.
Using silver pieces for trade worked fine up to 1964. Do you really need a cash register to barter? Pen and paper is a great substitute. Gold and silver has been the medium for trade for thousands of years. If something like a EMP was to occur, ya it would be chaos for a few weeks but I think the people would ban together to maintain order. Just like they are doing to end mandates today. Klause Schwab just called, he said make sure you get your crypto.
This question is flawed. You don't need anything to barter. But tell me which big box store you think would accept bartering. There's the real issue I'm referring to. Some local farms with a little shop may accept bartering, silver or similar but they aren't many, and can't just scale up their capacity by 1000x overnight.
Because 200 years ago and further back, nothing better existed. Gold and silver are also pretty useless for online trading. We live in a digital world where almost everything depends on computers. Have you ever actually experienced a longer power or internet outage? would you survive such event?
Klaus Swab want you to keep your money in your bank account.
In the event of a CME or EMP, which box store will accept crypto currency that you can't access? Will the big box stores close their door and go out of business or will they convert to a new business practice?
If some electronic calamity occurred, do you think the farmers, the people with the food would accept a form of payment that just caused the calamity? I bet these farmers don't have wallets or bitcoin accounts.
The power went out on the eastern half of the country for a week about 20 years ago. We managed just fine, there wasn't any mass looting and burning of stores, we survived.
In my first comment I said take any extra money in the bank and buy hard assets. Something you can have on hand in case of emergency. Yes, I understand crypto is safe from hacking but I don't let that cloud my judgement. I understand there are many scenarios that could separate you from your crypto. Nothing will separate me from mine. You will have to go through a wall of hot lead to get it. To take yours all they have to do is flip a switch.
Once again a flawed question, in the event of an EMP these stores can't take cards, which is what you use for bank payment, neither can they take cash because the register won't open and the inventory system won't work. The stores will shut down. However, soon as there is power, crypto works in all these stores.
What the hell kind of question is this? It's the EMP or whatever event causing the power outage that is the problem, not digital currency in itself. Besides, you've completely missed my point. I've been arguing that no medium of exchange will work in such event.
You think the farmers will accept gold and silver? not being able to verify if it's real actual gold? Of course not, they will keep their food for themselves obviously. Bartering with neighbors is the best bet.
Hardware wallet, it takes a wall of hot lead here too. And not only that, if they kill you they just take your gold, if they kill me they have to first find the well hidden device and crack encryption as well.
Tell me, which stores are you currently able to pay in silver at? And how many of those have a 100% paper based inventory system, cash registry, diesel generators for freezers, lights and other important infrastructure. You live in a fairy tale if you think your local stores will survive an EMP.