- Joined
- Sep 5, 2016
Regale us with stories of how you use cash for everything rather than using cards.
Physical currency makes up only about 11% of US money 89% is digital only.
View attachment 1203742
Archive- https://archive.li/0hnyX![]()
How Many U.S. Dollar Bills Are There in Circulation?
How many U.S. dollar bills exist, and how long does each type of note last? This infographic breaks down the world of physical U.S. currency.www.visualcapitalist.com
You're absolutely right. There is zero way we will ever have a national emergency that would ever necessitate using physical cash again. There's no way power or electronic banking or credit cards could even be down for even a day. Nope, no problem here.
Personally, I never carry cash. I try and use cards for everything. I have personal and work credit cards I charge literally everything to every month, and pay off monthly to get the sweet sweet cashback points. But this past month, I'm not doing that. I charged a bit more too, all my supplies. $80,000 in available credit I never use--whelp I dipped into that a bit because it's for emergencies and this is an emergency. I can pay off all the canned food and TP with my Trumpbux anyway when things settle down.
I then took out most, not all, but most of my cash. Bought some fireproof safes to store around the house, got lots of smaller bills. Probably will take out more each week when I get paid. I'm not doing anything permanent here. I'm not completely draining my accounts and totally closing them. I'm not maxing out my cards, though I will probably have to pay few $$ more in interest payments each month for a time. I'm still paying my bills. If this blows over, I can easily just put the money back in, pay off the cards, no problem.
But in the meantime. I have cash so I can buy shit in an emergency. If power goes down, I can go to the store and buy food. If I need to spend an exorbitant amount to pay for a ride to get to my family 30 miles away, I can do that. I could pay cash to see a doctor, even if it's a few hundred bucks.
If everyone takes out cash now, the banks will crash. If they few of us reading this forum, which is very ahead of the curve compared to the national discourse, take out our cash, we'll just be safe and can always put our money back and the banks won't crash.