I don't think it would help because of the logistics problem of trying to distribute so much money without telecommunications because all of these systems are centralized and computer controlled.
Remember that the phone network would also be down.
Smaller gas stations might be able to cope using only cash but everything would be royally fucked because almost nobody has a business plan for when the internet and phone system is down for more than a few hours at most.
Businesses couldn't place orders for stock. Truckers couldn't communicate with HQ to collect and deliver anything. The Federal Reserve couldn't coordinate with anyone.
The bank gave me “trouble” one day I wanted to withdraw $6,000. Said I needed to withdraw in two increments on multiple days. Eventually they accommodated me. 🙄
It would be a mess and I doubt they’d even have the bills if everyone wanted to withdraw at once. Since then we have been hoarding cash at home in smaller increments every payday. It was an uneasy feeling when they wouldn’t give us our cash when we needed it.
Unlikely.
If telecommunications are down then the bank auto tellers would also fail.
And if everyone stormed the remaining bank branches for cash withdrawals, all the paper money would be gone.
I don't think it would help because of the logistics problem of trying to distribute so much money without telecommunications because all of these systems are centralized and computer controlled.
Remember that the phone network would also be down.
Smaller gas stations might be able to cope using only cash but everything would be royally fucked because almost nobody has a business plan for when the internet and phone system is down for more than a few hours at most.
Businesses couldn't place orders for stock. Truckers couldn't communicate with HQ to collect and deliver anything. The Federal Reserve couldn't coordinate with anyone.
Everything would be fucked.
The bank gave me “trouble” one day I wanted to withdraw $6,000. Said I needed to withdraw in two increments on multiple days. Eventually they accommodated me. 🙄 It would be a mess and I doubt they’d even have the bills if everyone wanted to withdraw at once. Since then we have been hoarding cash at home in smaller increments every payday. It was an uneasy feeling when they wouldn’t give us our cash when we needed it.