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Germany to limit cash withdrawals in the event of blackouts

 
Big Daddy D
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11/17/2022 12:18 AM

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Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
HWR
The US is a One Party State controlled by a small cadre of Financiers
Big Daddy D
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11/17/2022 12:29 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Umm that’s your que get it out now
Anonymous Coward
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11/17/2022 12:32 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
No cash no guns no heat no food

Germany 4th world country.
Anonymous Coward
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11/17/2022 01:01 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


LOL if the power is out you can't get money out anyway what kind of fucking dumb ass news story is this

also what kind of fuckin bitch uses banks?????
Anonymous Coward
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11/17/2022 01:02 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
No cash no guns no heat no food

Germany 4th world country.
 Quoting: Anonymous Coward 84146480


LOL
TerraFirma's Esoterrorist

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11/17/2022 01:27 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Progressive Social Democrat Darwinism Award 2022.


lemmings
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Anonymous Coward
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11/17/2022 01:29 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


This was all coming long ago. Nothing new. Europe is fucked.
MAGA Republican BrainGuy
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11/17/2022 01:32 AM

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Re: Germany to limit cash withdrawals in the event of blackouts
...

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


schultz
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Don't care.
Still voting Trump!
t5a
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zzbudzz

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11/17/2022 01:47 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Umm that’s your que get it out now
 Quoting: Anonymous Coward 80181100


If you still have money in the bank or crypto on exchanges you already lost! They are gonna steal as much as they can get their hands on! Remember the laws only apply to us wage slaves!
Banned often
BrainGuy, MAGA Republican
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11/17/2022 01:51 AM

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Re: Germany to limit cash withdrawals in the event of blackouts
You can't say "blackouts" anymore.

tyrone1
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Don't care.
Still voting Trump!
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zzbudzz

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11/17/2022 02:02 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
You can't say "blackouts" anymore.

tyrone1
 Quoting: BrainGuy, MAGA Republican


Lmao! So true
Banned often
16 Blocks

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Germany
11/17/2022 02:09 AM

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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


WHat a bsflag

So, I can not get cash when blackout hits but I can pay with a CC?

bsflag bsflag bsflag bsflag bsflag
Emotion beats reason
Don't let it be that way
Anonymous Coward
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Canada
11/17/2022 02:42 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Isn't that how the Weimar Republic started out?
Phoenixe2

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Germany
11/17/2022 02:58 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Here comes the fun part:

They're calling on a cash limit of under 10,000 euros for purchases.

But

They also advise to have enough cash at hand for a blackout situation


So.. have cash but not enough to purchase enough and useful things if things go down.
Phoenixe2

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Germany
11/17/2022 02:59 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
You can't say "blackouts" anymore.

tyrone1
 Quoting: BrainGuy, MAGA Republican


That's why they're calling it brown outs now...
Phoenixe2

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Germany
11/17/2022 03:01 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Isn't that how the Weimar Republic started out?
 Quoting: Anonymous Coward 83865988


Naaa, it started because our money lost its value so much and so fast, you had to carry your daily payout for work in wheelbarrows to purchase a loaf of bread.and you had to be quick else you wouldn't get one for it.

I remember my grandma telling me as a young girl she once stole a 100,000 note from her dad to go to the "milk hut" and buy some chocolate and share it with her friends. Day later she wouldn't have got the chocolate bar for this amount of money.

Last Edited by Phoenixe2 on 11/17/2022 03:02 AM
Anonymous Coward
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United Kingdom
11/17/2022 03:44 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D



Germany should have never gone in with the European currency plan. Would have been better off doing everything in house with the Deutschmark. That way they would have been independent of the nonsense which takes place in various European countries.

Also Germany needs to seriously rethink its energy plans as they are too reliant on external factors such as Russian gas.

EU is quickly becoming a sinking ship with its technocratic and bureaucratic practices.
Anonymous Coward
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United Kingdom
11/17/2022 03:52 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Isn't that how the Weimar Republic started out?
 Quoting: Anonymous Coward 83865988


Naaa, it started because our money lost its value so much and so fast, you had to carry your daily payout for work in wheelbarrows to purchase a loaf of bread.and you had to be quick else you wouldn't get one for it.

I remember my grandma telling me as a young girl she once stole a 100,000 note from her dad to go to the "milk hut" and buy some chocolate and share it with her friends. Day later she wouldn't have got the chocolate bar for this amount of money.
 Quoting: Phoenixe2


Yes. Thats why your better investing the money or buying a item worth some value. Gold or Silver as an example. This will always maintain its value, but it will not buy food at the local shop, so that is why it is recommeneded to be able to grow your own food.
Anonymous Coward
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11/17/2022 03:55 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


As if paper currency is useful when shtf. Looting on a massive scale would be happening. Who are the bozos standing in line to pay with their euros?
Agent 99

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11/17/2022 04:00 AM

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Re: Germany to limit cash withdrawals in the event of blackouts
Will happen in US also.

Already has. Last month Wells Fargo limited my withdrawals.
Anonymous Coward
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United States
11/17/2022 04:20 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Here comes the fun part:

They're calling on a cash limit of under 10,000 euros for purchases.

But

They also advise to have enough cash at hand for a blackout situation


So.. have cash but not enough to purchase enough and useful things if things go down.
 Quoting: Phoenixe2


Take that Putler!
Billxam, MAGA+, ABATE, AWHA

User ID: 56270897
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11/17/2022 04:24 AM

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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


What's more interesting is how they expect people to withdraw cash when there's no power to operate the ATM or bank.
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Anonymous Coward
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United Kingdom
11/17/2022 04:29 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Best keep as far away as possible from the "diversity" when the blackouts start... who knows how they will react.

Why do they have to limit anything, if the electric goes off there wont be any ATMs working or banks opening.
Anonymous Coward
User ID: 80621179
United Kingdom
11/17/2022 04:31 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


What's more interesting is how they expect people to withdraw cash when there's no power to operate the ATM or bank.
 Quoting: Billxam, MAGA+, ABATE, AWHA


Putting cash into the bank now uses a machine. No bank tellers in in many modern banks, instead you might get a cash machine helper who shows you how to operate the machines.
Anonymous Coward
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Poland
11/17/2022 04:51 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


What's more interesting is how they expect people to withdraw cash when there's no power to operate the ATM or bank.
 Quoting: Billxam, MAGA+, ABATE, AWHA


putin-thiss
Anonymous Coward
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11/17/2022 05:04 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Best keep as far away as possible from the "diversity" when the blackouts start... who knows how they will react.

Why do they have to limit anything, if the electric goes off there wont be any ATMs working or banks opening.
 Quoting: Anonymous Coward 84777076


No. Electric off means everything off.

Mobile phone cell masts only have batteries which last a few hours and eventually they go off, so no mobile phone. I doubt the engineers who maintain these cell masts have a full fleet of diesel generators ready to go.

So no electric means your back in the stone age as many modern houses do not have any means of heating other than use of electricity, water comes from a pumping station which is reliant on electricity and a diesel generator.
Anonymous Coward
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United Kingdom
11/17/2022 05:06 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Interesting read.

[link to www.investing.com (secure)]

---------------------------

Access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

Roughly 60% of everyday purchases are paid in cash, according to a recent Bundesbank study that found Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

A parliamentary report a decade ago warned of "discontent" and "aggressive altercations" in case citizens were unable to get their hands on cash in a blackout.
 Quoting: Big Daddy D


This was all coming long ago. Nothing new. Europe is fucked.
 Quoting: Anonymous Coward 84769979

I'd say they are just as fucked as Canada.
Anonymous Coward
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Germany
11/17/2022 05:16 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Ca(r)sh is KD

fatlady
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11/17/2022 05:22 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Progressive Social Democrat Darwinism Award 2022.


:lemmings:
 Quoting: TerraFirma's Esoterrorist


But they won the war on climate change lol.
Anonymous Coward
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Germany
11/17/2022 05:27 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
Fear mongering to the nth degree.

GLP = Copium of Doom.

We're all fucked regardless. Don't matter where you live, how much cash you got.

Unless you can gather, hunt and be one with your surrounding - you ded.

Above all.. the ones that survive the coming calamity will need a new type of virtue.

If you're a pacifist, you'll be eaten.

If you're an alpha, you'll be eaten.

Gen 0 will bring peace to the globe only after A-Z has left this plane.

Also a pipe dream.

We

are

fucked.

bsflag brucelee2 bsflag
luisaywhitehat

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Germany
11/17/2022 05:36 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
bsflag





GLP