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The Forum > General Discussion > Going cashless, what could go wrong.

Going cashless, what could go wrong.

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People got angry because the train wiring and signalling equipment
got hit by lightning. What the hell do they think happens when
lightning strikes ? There is enormous power inserted into whatever
is hit and everything around it.
The railways did not have buses waiting there for the strike.
Gord people are dumb.

When the crash comes this year or next, they will have no money worries
because there wont be any. The dogs seem to be barking in the street
that will be a crash later this year. One symbol that some are worried
about is that the US's interest bill is larger than the defense budget.
Most of those nominally in the know are concerned about various ratios.
It does seem many of those ratios such as GDP/Debt are in a bad space.
Could we end up a bit like Venezuela ?
Yes, I know Aiden, we can just issue more, or is that what Zimbabwe did ?
Posted by Bazz, Wednesday, 2 January 2019 3:06:38 PM
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Bazz in total agreement people think a fairy looks after them
And that crash can not be avoided lets hope those who assured me in threads about it remember they said it would not come
Posted by Belly, Wednesday, 2 January 2019 3:44:36 PM
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Bazz,
Lightning happens. Railway signalling systems should be designed to withstand (or at least quickly recover from) lightning strikes.

Zimbabwe and Venezuela both had official currency values set by the government, which effectively meant they had limited credit. In both cases the government spent too much, the country lost the means to guarantee the currency value, and the currency collapsed.

Such a collapse is impossible here where the currency value is set by the market. We can always issue as much as we need.
Posted by Aidan, Wednesday, 2 January 2019 4:19:48 PM
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We couldn't shop for two days when lightning struck some tower. First, because the eftpos didn't work & the next day the roads were flooded. Luckily, the power stayed on & all the coolers kept working.
Just to think that most of our internet is in the hands of people in other countries is enough to make anyone shudder.
Posted by individual, Wednesday, 2 January 2019 11:48:18 PM
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Lightning strikes so we want every thing built bullet proof?
The very lard heads Bazz has spoken about would then tell us it cost too much
A few years ago a tsunami warning went out for the NSW coast, Bazz,s people flocked to the beach with chairs to watch it come to the beach they sat on
Right now someone is getting the blame for every thing
Someone should fix it, unless it is a road half the world calls for it to be fixed then abuses those fixing it for not doing it at some other time
Posted by Belly, Thursday, 3 January 2019 5:06:37 AM
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Bazz,

Good comment. Heaven help those owing money when the whoopsy hits the fan.
Posted by ttbn, Thursday, 3 January 2019 7:08:45 AM
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