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Cyprus bailout: Kremlin 'could punish Europe' in reprisal for bank levy [Prepper]
Guardian ^
| March 23, 2013
| Helena Smith in Nicosia, Simon Goodley and Toby Helm
Posted on 03/24/2013 9:59:37 AM PDT by Vince Ferrer
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Retailers, facing cash-on-delivery demands from suppliers, warned stocks were running low. "At the moment, supplies will last another two or three days," said Adamos Hadijadamou, head of Cyprus's Association of Supermarkets. "We'll have a problem if this is not resolved by next week." This is a good scenario to keep in mind for prepping. By closing the financial institutions, the economy is grinding to a halt, and things like food are increasingly unavailable at any price. So, food storage works in situations like this.
But beyond this, this is why having good old physical cash is actually better than having gold or silver. Using stockpiled gold is useless to pay for anything in a situation like this. What they need is cash, to keep paying their obligations and debts.
And while having physical cash usually isn't seen as an investment, because it is not earning interest, during a situation like this it can be used to buy assets that others must sell because they have no cash. Anyone with cash can get a steep discount for luxury goods, especially ones that others are still paying debts on. For anyone with their cash outside the banks in Cyprus, the country is like one big garage sale opening up.
To: Vince Ferrer
German elections are in the fall. It’d be easy to dump fifty million in the midst of the German campaign with the Linke Party (far left) and the Alternative Party for Germany group. They could both take fifteen percent of the vote, and really screw up any type of coalition effort with Merkel.
To: Vince Ferrer
Vlad Putin knows that he has nothing to fear from an increasingly “flexible” Osama Obama.
3
posted on
03/24/2013 10:07:47 AM PDT
by
Gay State Conservative
("Progressives" toss the word "racist" around like chimps toss their feces)
To: Kartographer; Vince Ferrer
>>This is a good scenario to keep in mind for prepping. By closing the financial institutions, the economy is grinding to a halt, and things like food are increasingly unavailable at any price. So, food storage works in situations like this.<<
Yep — the more I look at Cypress the more I am convinced it could happen here (as said before).
Prepper Ping
4
posted on
03/24/2013 10:17:31 AM PDT
by
freedumb2003
(Establishment Republicans don't like that totalitarian thing unless it is THEIR totalitarian thing!)
To: Vince Ferrer
The back story here is the Russian mafia meaning Russian capitalists had loots of ill gotten gain stashed in Cyrus. Why?. Because their loot was held in Euros far from the Russian ruble which is OK but they like to hedge and diversify. I would do the same if I was in the millionaire category
5
posted on
03/24/2013 10:21:53 AM PDT
by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: Gay State Conservative
So do you propose to have the US rescue the EU? I think they’re big boys now, and have to deal with Putin themselves.
To: Vince Ferrer
...and we all await the Palm Sunday Miracle in Brussels
The Guardian is providing updates.
7
posted on
03/24/2013 10:32:37 AM PDT
by
bunster
To: Vince Ferrer
good old “physical cash”?
you mean, paper printed by the govt with a promise on it?
like Confederate dollars?
If shtf and I am selling land, a car, a furnace, drilling you a well, or anything .... I take gold or silver coins over a wheelbarrow full of paper notes that tomorrow you need two wheelbarrows full of cash to buy the same stuff
8
posted on
03/24/2013 10:39:23 AM PDT
by
silverleaf
(Age Takes a Toll: Please Have Exact Change)
To: silverleaf
If shtf and I am selling land, a car, a furnace, drilling you a well, or anything .... I take gold or silver coins over a wheelbarrow full of paper notes that tomorrow you need two wheelbarrows full of cash to buy the same stuffAnd what about the times when you are buying, and no one wants gold, because they still have to buy things in cash?
To: freedumb2003
To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...
11
posted on
03/24/2013 11:58:41 AM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: silverleaf; Old Sarge; blam; The Duke; ChocChipCookie; Marcella; JRandomFreeper; metmom
I like beans, bullets and pullets
12
posted on
03/24/2013 12:01:20 PM PDT
by
Kartographer
("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
13
posted on
03/24/2013 12:04:53 PM PDT
by
SunkenCiv
(Romney would have been worse, if you're a dumb ass.)
To: freedumb2003; Kartographer
I just heard on Fox News an hour or so ago, that the next several hours would determine what would happen in Cyprus. I suppose that means some kind of meeting is going on right now to deal with this one way or another.
14
posted on
03/24/2013 12:13:05 PM PDT
by
Marcella
(Prepping can save your life today. Going Galt is freedom.)
To: silverleaf
“If shtf and I am selling land, a car, a furnace, drilling you a well, or anything .... I take gold or silver coins over a wheelbarrow full of paper notes that tomorrow you need two wheelbarrows full of cash to buy the same stuff”
If it’s bad and there is no food or anything else, you might sell those items for food or soap or in exchange for medical care, etc..
15
posted on
03/24/2013 12:18:13 PM PDT
by
Marcella
(Prepping can save your life today. Going Galt is freedom.)
To: Marcella
16
posted on
03/24/2013 12:26:14 PM PDT
by
blam
To: blam
Maybe “delayed” means it will still happen today, just later today.
There is a discussion here whether to have gold or silver or cash. I would add barter goods people need and have a mixture of all those means to be able to purchase. I would have more silver than gold.
17
posted on
03/24/2013 12:41:36 PM PDT
by
Marcella
(Prepping can save your life today. Going Galt is freedom.)
To: Vince Ferrer
18
posted on
03/24/2013 12:41:39 PM PDT
by
TEXOKIE
(We must surrender only to our Holy God and never to the evil that has befallen us.)
To: Marcella
"There is a discussion here whether to have gold or silver or cash. I would add barter goods people need and have a mixture of all those means to be able to purchase. I would have more silver than gold. " I agree with you. I have a wide range of things...
19
posted on
03/24/2013 12:53:05 PM PDT
by
blam
To: Marcella
Along with knowledge and a few skills. Those can be bartered with, too.
20
posted on
03/24/2013 1:09:19 PM PDT
by
Ellendra
("Laws were most numerous when the Commonwealth was most corrupt." -Tacitus)
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