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Germany to limit cash withdrawals in the event of blackouts

 
Anonymous Coward
User ID: 84777594
Germany
11/17/2022 05:36 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


Germany is part of the us- spoil of war.
There was never a chance to decide this; all relevant politicians are us puppets, organised in Atlanticbridge, Aspen Institute, WEF, CFR, Bilderbeg,..

Faeser, the german Minister who has to push that forward, is known as a strong communist. Also like most of the others....
Remember the big Painting at denver airport, from sword to plows..
Anonymous Coward
User ID: 73846507
Costa Rica
11/17/2022 05:44 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


So get your useful things now.
They are available and cheaper now.

It is called prepping.

The alternative is "f*cking around, then finding out"
Anonymous Coward
User ID: 73234572
United Kingdom
11/17/2022 05:52 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


Since when did taking money out your account meant Anonymity? LOL your putting in your card and taking it from your account and its all logged so how is this Anonymity?
Anonymous Coward
User ID: 31596103
United States
11/17/2022 07:05 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


Since when did taking money out your account meant Anonymity? LOL your putting in your card and taking it from your account and its all logged so how is this Anonymity?
 Quoting: Anonymous Coward 73234572


I believe the anonymity comes with purchasing using cash instead of a card, not withdrawing the cash.
Anonymous Coward
User ID: 78350988
Austria
11/17/2022 07:22 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
man, if there wasn't a bank run there will be now..
Germans buy on fear, like can't buy firewood or stoves, and a little while ago flour, cooking oil, tp...

If you wanted to sell something just tell them that its about be to regulated..

same ole story over and over..
Phoenixe2

User ID: 84776537
Germany
11/17/2022 07:34 AM
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Re: Germany to limit cash withdrawals in the event of blackouts
man, if there wasn't a bank run there will be now..
Germans buy on fear, like can't buy firewood or stoves, and a little while ago flour, cooking oil, tp...

If you wanted to sell something just tell them that its about be to regulated..

same ole story over and over..
 Quoting: Anonymous Coward 78350988



Yeah, talk about msm fueling that! Nearly every local newspaper has had its "prepare for blackout " article and some cities like Munich even having courses on how to scrape by without power promoted by the city, so no wonder things sold out.

Same with stoves and firewood, everyone who could has got one or reactivated am old one because if no gas no power we will freeze.

Myself had my gas heating/warm water off for 3 weeks in ocotber because something broke, it wasn't fun at all.
I had no wood stove or electric heater then.
16 degrees Celsius inside -ok!
But constantly over 85% humidity inside and everything becoming damp - not ok, you could watch mold appear and grow.
No warm water for anything, using the electric kettle for warming water doing dishes and occasionally a shower...
The availability of warm water was the most important I think - and fear of mold growing inside (along with what this would mean health wise and future repairs of my home).

Hindsight, people who bought tp, flour,oil and so on were right, they bought before massive inflation hit and might be good for a while on these goods. So everyone who didn't buy has to pay a lot more for those essential durable/storable things now. With everything being more expensive, I applaud everyone who had the money to prep long ago.
Big Daddy D  (OP)
Chaotic Constitutionalist

User ID: 82123025
United States
11/17/2022 08:40 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.
 Quoting: Agent 99


Yeah, and Wells and others are "experimenting" with a digital currency very soon.
HWR
The US is a One Party State controlled by a small cadre of Financiers
Big Daddy D
Big Daddy D  (OP)
Chaotic Constitutionalist

User ID: 82123025
United States
11/17/2022 08:41 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


Since when did taking money out your account meant Anonymity? LOL your putting in your card and taking it from your account and its all logged so how is this Anonymity?
 Quoting: Anonymous Coward 73234572


I think the anonymity is they can't track the cash purchases. With a CC they know exactly what you bought.
HWR
The US is a One Party State controlled by a small cadre of Financiers
Big Daddy D





GLP