Bank holiday?

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I get this as a possibility from someone I think is, if a bit goofy *poke poke*, is working hard at getting it right. This could be a mistake, a false alarm. But the cost of prepping for it is minimal. So, I decided to put out the alarm myself. Not always do I or will I do this. It is simply that, at this time, I think he may have a serious point. Why would the banks take a holiday?

I am not an economist. Then again, I do not think most economists are. Most are political yes men, maleducated wannabes, or various forms of bureaucratic cogs. What I do know is that, in our current economic situation, putting a stop to bank foreclosures is something akin, medically, to using a tourniquet... on three or four limbs. It is really bad news. Add in that 49 states have loosed their attorney generals on the banks. Right.

Credit, which is how our economy works, functions much like blood. What foreclosure stoppage does is sort of a wild card. To what degree and what the government might try to introduce as a stopgap is merely speculation (and somewhat frightening itself). What I am sure about is that this will cause a mess in the financial industry. In the state of the economy we are facing, even a hiccup could be devastating. The advice advanced, and what I will forward, is simple.

Pull out enough cash, in smaller bills, to see you through real expenses for the next two weeks, as you are able. Enough for gas in the vehicle or whatever travel expenses might be needed, enough for food if you have nothing stocked (and even if you do), enough for bills showing up in the next couple of weeks. He does not suggest money for debt payments, which I am unsure about. Perhaps with banks down, that would be useless anyway? I know, if I can get going today but certainly tomorrow, I will be pulling out enough for two weeks, gassing up the X, buying groceries of the more perishable sort at least, and pulling out an additional small wad of funny money. It is not exactly like I am making any money on the money I have in the bank, so...

Thankfully, this month is not so lean as last. I have enough of a deep pocket to put a few ducks in a more accessible place. Cash, the dollar, may be dying. But it probably will not become worthless with this particular incident, if it occurs. Probably being the operative word. Hey, if it all falls flat and someone figures out how to use more fiction and keep the train on the tracks for a while longer... are you really out anything?