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King River Resources Ltd T.KRR.W


Primary Symbol: KRCLF

King River Resources Limited is an Australia-based exploration and mining company. The Company operates through two segments: ARC High Purity Alumina (HPA), and Exploration and Evaluation. ARC HPA Project segment develops the ARC HPA process and precursor compound to produce HPA. Exploration and Evaluation segment is engaged in exploration and evaluation activities of its gold projects in Australia. The Company’s projects include Rover East Project, Tennant Creek East Project, Barkly Project, Mt Remarkable Project and Kurundi Project. The Mt Remarkable Project is located 200km southwest of Kununurra in the East Kimberley, Western Australia and covers over 2,100 square kilometers of adjacent and/or nearby granted exploration licenses. The Tennant Creek Project is located to the East, Southeast and South of the rich historic goldfields of Tennant Creek comprising gold-copper exploration leases and applications measuring some 6,000 square kilometers.


OTCPK:KRCLF - Post by User

Post by Symbioticon Jul 09, 2022 10:01am
266 Views
Post# 34812721

Debit card crash

Debit card crashI was out buying a variety of things at various places.I mostly use cash so it wasn't a big deal to me but others surprised me how readily they adjusted, stores as well as individuals. If the electronic transaction money stopped working people would adjust easier than I thought. If the cash itself stopped working due to value crash/failure gold or silver could step in easily enough. The initial problem would be that it is not as distributed and as easily available as say cash would be. It would become distributed over a time but not right away. It's strange how the situation should have revealed the systems strength but in doing so revealed  its weaknesses. When the system money failed people were willing to do what worked and that is hopeful as that came from the people, not the system. It has a danger as well in the willingness to do what works part. I found the situation interesting. The bank machines (cash)worked but the banks system was down. If the bank machines(cash source) we're down as well one could see something such as a silver coin becoming a negotiable before a barter system would. The sellers of goods such as a grocery store wouldn't as easily be able to deal with goods for goods barter but a value(silver coin) for goods would be more easily adopted. The people became generally nicer as the possibility of needing to negotiate makes such a desirable trait. In a right to demand situation(currency) niceties are not so much a requirement. Like I said we have fiat( permission) currency and permission is a right to demand and no niceties required. The situation was interesting anyways.
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