If the banks cut access to your money , are you prepared?
"The welfare of humanity is always the alibi of tyrants."- Albert Camus
I just spoke with a friend who has close relatives in Lebanon. The Banks cut the access to their money. You can not use your money, you can't use your credit cards, you are poor. You can only take USD 50 a month at the official rate, you are poor one day to the next!
are you ready for this?
Is this impossible to happen, don't bet on that Lebanon is a country with a big banking tradition. Government officials can kill the people to help the people! Argentina did it but Lebanon was a decent country.
5 strategies to prevent disaster (if you are interested contact me directly)
a)have some money in a country that is not your country
b)have some bitcoins
c)have a corporation with some real business and let the money in the company not on a personal account
d)....................
e).....................
Don't buy gold if there is a crisis and you need food, you will exchange a kg of gold for a bag of rice. Gold is to speculate not for a disaster. In crises food , energy, soap and water become very very expensive, gold and jewelry are worthless.
Meanwhile, customers are still fighting the banks for their own cash. For nearly a year banks have restricted access to deposits, citing fears of a bank run when mass protests broke out over corruption and inequality last October. Richard Howes, a British retiree who was born in Beirut and lives in Greece, says the small sums his Beirut-based bank releases to him are barely enough to get by. The 74-year-old says he can withdraw just $100 a month on a credit card and zero from his current account. “Spending is just on food and things like electricity,” he says. As for non-urgent medical care, “you say, ‘that can wait’.”
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