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VISA network crashes all over Europe


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10 hours ago, Ah-so said:

Today's incident shows what a massive single point of failure it is across the financial system. A few hours was a big problem but imagine if it had been days.

Yes, we would have to use cash, but there is not even enough cash in circulation to meet requirements. The BOE probably has some cash in reserve for this kind of incident, but I wonder if it could be deployed that quickly. 

 

I am rather disappointed in the lack of imaginative shown by our conspiracy theorist friends on this topic. Kim, after ignoring America's attempts to progress talks, finally sends his big envelope on the very day somebody managed to crash one of the West's most important payment systems. Maybe the talks will include Pyong Yang's offer to stop 'rogue' elements in NK from repeating the incident on a bigger scale?

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4 hours ago, Sledgehead said:

I am rather disappointed in the lack of imaginative shown by our conspiracy theorist friends on this topic. Kim, after ignoring America's attempts to progress talks, finally sends his big envelope on the very day somebody managed to crash one of the West's most important payment systems. Maybe the talks will include Pyong Yang's offer to stop 'rogue' elements in NK from repeating the incident on a bigger scale?

If it's conspiracy theories you want ... is it pure coincidence that half the western world experiences "visa problems" only a few days after Roman Ambramovic gives up on his?

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18 hours ago, GregBowman said:

New boy on the block is Curve all your cards under one umbrella - app on the phone and 1 card , you use the card and by the app tell it which card to process through - so in theory you only need 1 card and cash. Haven’t got yet but a mate swears by it 

Had one for a while. It’s foreign exchange rates are worse than Revolut etc and I can’t see much difference between carrying 1 card or 3. Seems a bit meh. 

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18 hours ago, Mikhail Liebenstein said:

I’ve got some Gold buried, but that is only for when TSHTF.

The trick is to drill a hole, and put the sealed gold inside a sealed pipe and the bury it.

 

.....and then hope hope you don't ever suffer some form of permanent memory loss through illness or injury.  :--D

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8 hours ago, Yellow_Reduced_Sticker said:

...So does this mean the power elite WON'T be banning cash anytime soon ? :rolleyes:

Are you kidding?!  IF this latest outage was due to nefarious casues you can be sure that, if anything, the elite will be carefully scrutinising/analysing all the disruption to see how they can do better next time - and these incidents are just 'dry runs'.

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20 hours ago, Mikhail Liebenstein said:

I’ve got some Gold buried, but that is only for when TSHTF.

The trick is to drill a hole, and put the sealed gold inside a sealed pipe and the bury it.

That is not such a great idea. It could work but you are vulnerable to inquisitive metal-detector hobbyists unless you mean putting it inside an actual pipe which could be awkward.  You need to bury it somewhere that you would expect to be very metallic anyway. This is why you hear stories about second-hand pianos having gold in them and so on.

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2 hours ago, anonguest said:

.....and then hope hope you don't ever suffer some form of permanent memory loss through illness or injury.  :--D

Millions of pounds, or other currency must be lost that way, left in bank accounts, accounts and passwords that nobody knows about, nobody will ever know existed, dormant lost forever.....?

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2 hours ago, winkie said:

Millions of pounds, or other currency must be lost that way, left in bank accounts, accounts and passwords that nobody knows about, nobody will ever know existed, dormant lost forever.....?

There is a subtle, and non-trivial, difference.   Any such money you refer to that was stored in a bank will ALWAYS be 'known about' by the bank and, eventually, it will be reappropriated IF the original owners do not claim it.

https://www.gov.uk/government/news/government-unlocking-330-million-from-dormant-accounts-to-build-a-fairer-society

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7 hours ago, anonguest said:

There is a subtle, and non-trivial, difference.   Any such money you refer to that was stored in a bank will ALWAYS be 'known about' by the bank and, eventually, it will be reappropriated IF the original owners do not claim it.

https://www.gov.uk/government/news/government-unlocking-330-million-from-dormant-accounts-to-build-a-fairer-society

As so much now is based on-line, no paperwork, accounts and passwords never shared with others or written down......IF the original owners forget, become ill or confused or die, who would ever know of their existence??

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2 hours ago, winkie said:

As so much now is based on-line, no paperwork, accounts and passwords never shared with others or written down......IF the original owners forget, become ill or confused or die, who would ever know of their existence??

You're referrring to anyone knowing of the money owners existence? 

No chance of TPTB 'forgetting' about your existence.  They need our taxes!  ?

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20 minutes ago, anonguest said:

You're referrring to anyone knowing of the money owners existence? 

No chance of TPTB 'forgetting' about your existence.  They need our taxes!  ?

Good point.....if they know of us they must know of the debt, the assets and money held and where.....is that why people buy gold then forget where they hid it or tell nobody they have it??

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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