Quote:
Originally Posted by Strange Brew
What kind of jam does $100 get you out of?
And good luck with those screen shots at the airport.
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Obviously smaller ones but $100 USD/EUR is approx $150 CAD.
It's the little things like getting something to eat or buying some basic groceries. Fuel in case of a card issue. Things are magnified all the time now with mobile payments and people not having a basic wallet and cards. In a lot of countries they pick pocket like crazy phones and more, what happens when you have access to nothing?
People have problems all the time with their cards or go to foreign countries with expectations that everything works the same as a wealthy countries financial system.
Even here in Canada we have issues. Scotiabank had payroll concerns for a number of clients. If you actually don't have access to cash or cash payments, you don't realize how concerning it can be.
People discount these things all the time but Rogers had a massive outage 2 years ago that affected people in many many ways. We had the 2008 financial crisis where things got very close to the point where ATM's almost went dry and milk wasn't on the store shelf. That was from either the Treasury Sec. (Hank Paulson) or Fed Chair (Bernanke).