For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
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.
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)
19 Mar 2009
This post is from a series of posts in the group:
A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.