PREP Prepping for a possible banking shutdown or denial of services

[Blacknarwhal]

And don’t shed any tears if your brew goes to vinegar…..

You know what the rabid organic folks are paying for a gallon of that stuff ?

Vinegar is actually pretty valuable in and of itself. Soak my showerhead in the stuff at least once a year.

 

[northern watch]

Banking shutdown will be as paralyzing as internet or grid shutdown. How will you pump gas if cards inactive? Fleets of trucks cannot run just due to their arrangements for fuel are shut off. Biggest of all, how many folks will actually got to work to keep nation functioning? The chaos and panic of no cards among the bulk of the public will shut everything else down. True, most of us who prep for such challenges will get by within our own tight AO… but so much else will cascade down that society grinds to a halt from something as stupid as inactive banks. Our society is so exquisitely complex and critically interconnected like a Rube Goldberge setup, that about anything can make it collapse. Society is just way too delicate to absorb much of a challenge.

ETA. Local currency will become interesting… .22 ammo, cigarettes, small containers of booze, little bags of pot, fresh water, peanut butter will all become great trade currency once things go fully to chit

How will you pump gas if cards inactive? In Canada this actually happened recently. SU which owns Petro-Canada gas stations was hacked. Their systems went down. only those who pay by cash were able to buy gas.

 

[Samuel Adams]

Vinegar is actually pretty valuable in and of itself.

Couldn’t agree more.

Makes great mammalian and fowl livestock feed supplement, as well.

Slicks ‘em right down….

 

[hd5574]

Even Walmart sells money orders....not just the post office
Ex-husband and I used money orders to pay bills back in the sixty's

Remember the old bill paying envelopes...to keep money for the next bill..the old way of budgeting....lol
Low tech is good.....no credit cards back then... just current bills
They didn't even have debit cards back then....

We still won't have a debit card....need money go inside bank and met the people who work there...an ATM is just another self checkout....the tellers at your bank are there working because they need their job...just like the cashiers....

We refuse to let a company take any money out of our bank account..if an automatic payment is required it goes on a credit card or we use a different company ...we also don't have... credit cards from the institutions we bank with....hint... hint

Listen to Cary C......get out of as much debt as you...no debt is form of freedom...

 

[northern watch]

In Cow Hampshire the State Liquor Stores don't take EBT cards. Credit or Cash is allowed. What Kinds of Products Cannot Be Purchased With SNAP Benefits?

But that is now.

If the US goes to a "cashless society" then that will change. Not to say that some won't be sold off the rear loading dock in exchange for something other than cash. It is the original occupation.

With Digital Dollars they will "regulate" how much you can take. Yunno - for the good of society. They recognize you have "needs" and they're there to "regulate" your needs.

And if you're a "friend" and perhaps have big tah-tahs, perhaps a bit more.

Dobbin

If the US goes to a "cashless society" then that will change. Not to say that some won't be sold off the rear loading dock in exchange for something other than cash. It is the original occupation.

I cannot see that happening before the next Federal Election, if Biden wins in 2024, then all bets are off.

 

[northern watch]

That may be true in your area, but no area that I have ever lived in, has told me or my parents to pay their bills at a bank.

Different areas may do it different.

They have suggested using direct withdrawals, but if the bank is closed that won't work. So the utility will either make arrangements, or not get paid.

That may be true in your area, but no area that I have ever lived in, has told me or my parents to pay their bills at a bank.

I am glad that is an option for you, but not for me.

 

[northern watch]

My understanding is that the conversion from cash to digital money is due to start in a few months.

I am supposing there will be a grace period for exchanging cash for digital money. But after that deadline cash will be be made worthless.

The question becomes what is the best use of cash now?

This currency exchange is rather common in Europa but it will be first for America.

My understanding is that the conversion from cash to digital money is due to start in a few months.

If Biden had waited until after the next election, this plan would have had a greater probability of successes. Now it will be an election issue.

 

[von Koehler]

My guess is that .fedgov will try to make the rollout as painless as possible, to avoid a public panic or resistance.

Probably start with Social Security, and other entitlement programs first. Just give them a plastic card at first.

The real teeth, the social credit system comes later.

 

[northern watch]

How will you pump gas if cards inactive? In Canada this actually happened recently. SU which owns Petro-Canada gas stations was hacked. Their systems went down. only those who pay by cash were able to buy gas.

Mitigation efforts continue at Suncor in wake of cyberattack​

Story by The Canadian Press
July 5 2023 24m ago


Mitigation efforts continue at Suncor in wake of cyberattack© Provided by The Canadian Press

CALGARY — Canada's top technical authority on cybersecurity says it is working closely with Suncor Energy Inc. in the aftermath of a high-profile systems breach at the energy giant.

The Canadian Centre for Cyber Security says it can't disclose details of the cybersecurity incident that caused payment systems at many of Suncor's Petro-Canada locations across the country to go down last week.

Sami Khoury, head of the centre — which leads Canada's federal response to cybersecurity incidents — says mitigation efforts at Suncor are still ongoing, and sharing information too soon may compromise those efforts.

Suncor has not provided details about the type of cyberattack that occurred or whether any of its other operations were affected.

Some experts have said the Suncor systems breach will likely cost the company millions of dollars before it is resolved.

Khoury says the Canadian Centre for Cyber Security recently briefed high-level oil and gas executives about how to reduce the cybersecurity risk facing the industry.

This report by The Canadian Press was first published July 5, 2023.
Companies in this story: (TSX:SU)

The Canadian Press

MSN

www.msn.com