18 December 2014

Dean Procter

Dean Procter - Transinteract

326Posts 929,054Views 466Comments

Whatever...

A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

CASH is KING - Ask ANY Egyptian

01 February 2011  |  4863 views  |  0

All the arguments about cards, banks, credit card companies are completely demolished by events in Egypt. Cash. Gold. The rest is worthless. Try feeding your family when your salary goes into a bank, the bank branches remain closed and no ATM's work.

CASH IS KING

With a banking system virtually bankrupt, one giant ponzi scheme, do you really think it couldn't happen to you?

Try asking an Egyptian that question a couple of weeks ago.

There are 80 million people in Egypt folks. Think about it. Cash is definitely the winner when it comes to feeding your children.

The mismanagement of this fiasco by those who purport to be 'world leaders' is comical. Just remember when you read it, there is more at stake than an Egyptian revolution, I can think of 80 million reasons for a financial revolution. There is a revolution coming and each day I see confirmation that it will succeed.

 

Eat plastic and (you) die.

TagsCardsPayments

Comments: (1)

Dean Procter - Transinteract - Sydney | 14 February, 2011, 12:34

The Australian government is wisely advising citizens in the age of disasters to cash up and NOT rely on ATM's because they're the first thing to shut down when the proverbial hits. Food, water, flashlight, radio, cash. CASH IS KING. Although there is something better which fits right into fast disaster recovery. It's a wonderful surprise - but first a few more other surprises to set the stage.  :0)

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Ubiquitous mobile phone based payments, ID, transaction authentication, mobile wallet and transport ticketing.

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