OTCPK:KRCLF - Post by User
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Symbioticon Jul 09, 2022 10:01am
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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.