The FAL Files  

Go Back   The FAL Files > News & Political Discussion > Economics & Investing

Notices

Reply
 
Thread Tools Display Modes
Old October 11, 2017, 11:55   #1
Bawana jim
Registered
 
FALaholic #: 17482
Join Date: May 2005
Location: west coast
Posts: 15,712
the power goes out in a cashless world

http://www.freerepublic.com/focus/f-news/3593975/posts


William Dudley, the*New York Fed president, put the word out within minutes,*and ultimately a jet loaded with an undisclosed amount of cash landed on the stricken island...

[Business executive in Puerto Rico] described corporate clients’ urgent requests for hundreds of thousands in cash to meet payrolls, and the challenge of finding enough armored cars to satisfy endless demand at ATMs. Such were the days after Maria devastated the U.S. territory last month, killing 39 people, crushing buildings and wiping out the island’s energy grid. As early as the day after the storm, the Fed began working to get money onto the island,

For a time, unless one had a hoard of cash stored up in one's home, it was impossible to get cash at all. 85 percent of Puerto Rico*is still without power, as of October 9.*Bloomberg*continues: "When some generator-powered ATMs finally opened, lines stretched hours long, with people camping out in beach chairs and holding umbrellas against the sun."*
__________________
Keep telling apocolypse jokes like there is no tomorrow.
Bawana jim is online now   Reply With Quote
Old October 11, 2017, 15:42   #2
RG Coburn
Registered
 
FALaholic #: 27406
Join Date: Mar 2007
Posts: 19,273
Hey...maybe they could just print their own money,on tee shirts and hats..just like the San Juan mayor was wearing. It would solve two things..having money and having clothing. You'd just have to wear 5 or 10 tee shirts to make change. You'd throw clothing AT strippers....
RG Coburn is online now   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 06:18.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
©1998-2015 The FAL Files