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Topic	Wouldn't it be reasonable to keep a large sum of hard cash at home in a safe?
God_of_6strings 03/29/24 12:03:33 PM #7:	MC_BatCommander posted... What situation could happen where your bank money is completely inaccessible but cash money would be useful? s0nicfan posted... The problem with that kind of logic is that the level of catastrophe required to make it so that cash hoarded in your home is your only source of money is a level of disaster that's going to make that money you have at home worthless too. At that point you may as well hoard bottled water and bullets, or at the very least things that have trade value that you can buy with dollars right now that won't deprecate in value the way a currency might. It's happened before in places and it didn't turn them into an apocalypse movie. The Blackout of NYC was one. People had to live on whatever cash they had and a lot of times if you didn't have small bills you were out of luck because businesses could not break the bigger bills. <cite>God_of_6strings posted [p:979625330] in Wouldn't i... [t:80733707]...</cite> <quote>MC_BatCommander posted... </cite><quote>What situation could happen where your bank money is completely inaccessible but cash money would be useful?</quote>s0nicfan posted... </cite><quote>The problem with that kind of logic is that the level of catastrophe required to make it so that cash hoarded in your home is your only source of money is a level of disaster that's going to make that money you have at home worthless too. At that point you may as well hoard bottled water and bullets, or at the very least things that have trade value that you can buy with dollars right now that won't deprecate in value the way a currency might.</quote>It's happened before in places and it didn't turn them into an apocalypse movie. The Blackout of NYC was one. People had to live on whatever cash they had and a lot of times if you didn't have small bills you were out of luck because businesses could not break the bigger bills.</quote> ... Copied to Clipboard!
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