The Central European Bank analysed the 4 most recent crises and concludes that everyone should keep some cash to hand. Enough for a minimum of three days, between €70 and €100 a day per person
Whilst potentially sensible surely that will just encourage opportunistic burglars?
Taking money out of the bank and holding it in cash, actually increases the amount of cash in circulation. (even though it may not actually be circulated from sous le matelas.)
Actually it is a very sensible idea but if the shops or anything else where one would like to purchase something with this cash has no electricity then how would the tills be able to work without it, therefore no place able to use the cash?
Just what I was thinking. Calculators can still work with batteries and you keep a ledger of sales made. My first saturday job was using a till where you had to push down hard on keys to open the drawer. All the shops need is some change for notes spent.
Ideally we would all use cash and shop locally. I went to a farm shop yesterday but even there they were encouraging their customers to use à card to pay for their groceries.
I imagine the point of having cash in the house in the future is to counter the results of a cyber attack when it might not be possible to use cash in shops or not being able to use petrol pumps which would also not work. Market traders would not be able to get to markets without using petrol so we would be dependent on very local vendors. Seems a bit doommongering for a bright Sunday morning. I always think of the super rich who build bunkers under their houses as safe places to be in case of nuclear wars. What do they expect to find if and when they emerge?
Exactly. Everything would be gone and they wouldn’t last long either. Personally I would prefer to go at the strike, nothing or no one left to live for. Indeed gloomy for a beautifully warm sunday morning but these discussions are getting more and more as the world becomes even more dangerous day by day.
I see you are particularly interested in the Normandy area. Despite the preponderance of members a lot further south, there are still quite a few of us here in Normandy, and loving it
Totally agree Angela. Why go further down France only to find it hotter with more mozzies. My sister in law stayed in a holiday rental house that her daughter had rented in August one year and found every day was in the 40s all the time she was there so they were limited in their wandering around. She was targeted by the mossies too and sought refuge in the swimming pool. They are limited in the time they can go on holiday having to take school holidays into consideration. This was a lot further south.
No it isn’t. I was responding to ComoKate’s only? post just above and SF told me it was the first time she had posted. Obviously I reply to someone on the thread on whch they post.
Apparently it’s not just nuclear war that worries them but the next development of AI, (there’s a G somewhere but I can’t find the article I read🤔). Funny when you think they’re the ones rushing headlong into producing it, all a bit Frankenstein!
When I was a single girl in London during the last century, my guardian always made sure I had £5 “taxi money” in my bag, in case I needed to come home alone or make a quick getaway.
Over the years the amount has gone up but her voice saying “just in case” is always on my mind and in my heart.
Likewise… although in my case way back when, it was 30 bob .
re keeping cash handy: Our baker takes cash and cheques (no cards)
Our butcher takes cards (if his machine is working) and/or cheques/cash
Our travelling grocery shop.. takes cheques/cash
No-one has any trouble totting up the costs, made easier with the use of paper + pen (or pencil) for those who don’t/can’t do mental arithmetic .. and I’ve very often got the total before the “youngster”.. hurrah.
You clearly lived North of the river or back in Roman times as I found getting getting any black cab hailed in Soho to drop us of at my then girlfriend’s flat in Clapham required my passing the driver a purple picture of the Queen before we set off.