This is a very interesting Reuters article that has slipped out without much fanfare a few days ago.
While the media shrieks about German football players not being allowed to wear certain colours… their central bank and others are quietly preparing for the very real possibility of widespread civil disorder this December - "discontent" and "aggressive altercations" because of foreign policy creating an energy crisis and the now strong possibility of blackouts.
Bread and circuses…
The media in this country has also been hinting about a return to the 70’s and power blackouts.
What wasn’t in the 70’s though, was a near total reliance on digital infrastructure. If you can’t use a credit card, cash is king. ATMs are electric…
If it’s a few hours, we’ll all live - apart from Twitter users obviously…But if the power were out for a day or two…?
In this area, when there was a flood and there was ironically a threat to drinking water, there were violent fights at supermarkets over free drinking water. That was about a day into the problem. People go feral very quickly when in a fear state. The same was true during the early 2020 situation.
Lack of heating and basic necessities will turn some people nasty, especially with now crippling gas bills expected.
Lack of lighting will see an increase in burglary and street robbery as well as other crimes. Police responses are already not reliable in many areas, imagine with no power.
It is worth considering the possibility of this now and making plans for it, especially if you have elderly or vulnerable family or friends.
J
“November 15, 2022 Last Updated 10 days ago
Germany steps up emergency cash plans to cope in blackout
FRANKFURT, Nov 15 (Reuters) - German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.
The plans include the Bundesbank, Germany's central bank, hoarding extra billions to cope with a surge in demand, and possible limits on withdrawals, one of the people said.
Officials and banks are also looking at distribution, discussing for example priority fuel access for cash transporters, said others, commenting on preparations that accelerated in recent weeks after Russia throttled gas supplies.
The planning discussions involve the central bank, its financial market regulator BaFin, and multiple financial industry associations, said the people, some of whom spoke on condition of anonymity about plans that are private and in flux.
Although German authorities have publicly played down the likelihood of a blackout, the discussions show both how seriously they take the threat and how they struggle to prepare for potential crippling power outages caused by soaring energy costs or even sabotage.
They also underscore the widening ramifications of the Ukraine war for Germany, which has for decades relied on affordable Russian energy and now faces double-digit inflation and a threat of disruption from fuel and energy shortages.
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.
There was a rush for cash at the beginning of the pandemic in March 2020, when Germans withdrew 20 billion more euros than they deposited. That was a record, and it worked without a hitch.
But a potential blackout raises new questions about possible scenarios, and officials are intensively revisiting the issue as the energy crisis in Europe's largest economy deepens and winter nears.
If a blackout struck, one option for policymakers could be to limit the amount of cash individuals withdraw, said one of the people.
The Bundesbank processes cash moving through Germany's shops and economy, removing fakes and keeping circulation orderly. Its massive stocks make it ready for any spike in demand, that person said.
NO JUMPING THE LINE
One weakness that planning exposed involves security firms that transport money from the central bank to ATMs and banks.
The industry, which includes Brinks and Loomis , is not fully covered by law guiding priority access to fuel and telecommunications during a blackout, according to the industry organization BDGW.
"There are big loopholes," said Andreas Paulick, BDGW director. Armoured vehicles would have to line up at petrol stations like everyone else, he said.
The organization hosted a meeting last week with central bank officials and lawmakers to press its case.
"We must preventively tackle the realistic scenario of a blackout," Paulick said. "It would be totally naive to not talk about this at a time like now."
More than 40% of Germans fear a blackout in the next six months, according to a survey last week published by Funke Mediengruppe.
Germany's disaster office said it recommended people keep cash at home for such emergencies.
German financial regulators worry that banks are not fully prepared for major power outages and view it as a new, previously unforeseen risk, said an official with direct knowledge of the matter.
Banks consider a full-scale blackout "improbable", according to Deutsche Kreditwirtschaft, the financial sector's umbrella organization. But banks nevertheless are "in contact with the relevant ministries and authorities" to plan for such a scenario.
It said finance should be considered as critical infrastructure if energy is rationed.
At times politics can get in the way of blackout planning.
In Frankfurt, Germany's banking capital, one city council member proposed requiring it to present a blackout plan by Nov. 17.
The politician, Markus Fuchs of the right-wing AfD party, told the council it would be irresponsible not to plan for one. But the other parties rejected the proposal, accusing Fuchs and his party of inciting panic.
Fuchs later said in a phone interview: "If we found a solution for world peace, it would be rejected."
The issue also underscores the dependence of commerce on technology, with transactions increasingly electronic, and where most cash machines have no emergency power source.
Cash would be the only official payment method that would still work, said Thomas Leitert, chief of KomRe, a company that advises cities on planning for blackouts and other catastrophes.
"How else will the ravioli cans and candles be paid for?" Leitert said.
He said that he has long been warning authorities of blackout risks but that planning has been inadequate.”
Cash IS king, even beyond the media induced fear porn threat of electrical blackouts.. at least for anyone who is even mildly concerned by the WEF's so called Great Reset.
Or even just for anyone who wants any degree of autonomy - because they sure as heck won't have any of that if we allow a wholly digitised monetary system to eradicate the use of cash.
I mean, ask yourself, is your social credit score going to be high enough that the government will grant you permission to spend on whatever you want? Or do you maybe just maybe eat a bit too much junk food? Drink a little bit too much wine? Drive too frequently (look at what they're trying to implement in Oxford as we speak)? Will big brother perhaps need to 'guide' you into 'correct' behaviour by way of restriction?
Personally I use cash as often as I can, I - like many others - boycott businesses that don't accept cash, and I applaud the people organising street protests over the loss of the use of cash (even if the MSM won't report on it).
Very interesting. I think you need a society that still predominantly uses cash for even cash to still work in a black out. You’d need a till that can be opened manually, and people able to add things up! The idea that everyone would be storing cash in their homes - seems like a burglar’s dream.
Surely if people can’t pay for things - there’s lots of looting. And if the electric doors won’t open, you smash the windows?
I had also read that Germany has been stock-piling gas including Liquid Natural Gas, and that they had bought fuel reserves at eye-watering prices.
It’s going to be interesting.