This could be "UGLY" or it may be fabricated Bull-Spit.
- Thread starter Sourdough
- Start date
Help Support Homesteading & Country Living Forum:
- Joined
- Dec 13, 2017
- Messages
- 9,661
yeah the story been showing up--cuba banking system collapses. in another place i read the banks closed atms, then closed doors as people lined up to get their money out. then in anger people broke into the bank and the vault doors were all open and all empty, all safety deposit boxes empty and no bank employees around anywhere.
coming here folks. it seems the us banks have less than 10% of physical cash on hand for all customers. when the banks close their doors it will get ugly. my dad who grew up in the drepession said several times, never leave any money in the bank you cant afford to lose.
coming here folks. it seems the us banks have less than 10% of physical cash on hand for all customers. when the banks close their doors it will get ugly. my dad who grew up in the drepession said several times, never leave any money in the bank you cant afford to lose.
april 27,2024
march 25,2024 the bigger picture of whats going on
- Joined
- Dec 3, 2017
- Messages
- 23,612
That article Sourdough posted said that they were forced to go digital
It will happen here!
I always try to keep enough cash on me to buy a tank of gas and a basket of groceries.
That's some big bucks these days
- Joined
- Dec 8, 2017
- Messages
- 8,808
And after the CBDC push, you'll see something like this. Poof......it's all gone!
WallStreetSilver on X posted this:
UniSuper, an Australian pension fund that manages $135 billion worth of funds and has 647,000 members, had its entire account WIPED OUT at Google Cloud, including all its backups that were stored on the service.
WallStreetSilver on X posted this:
UniSuper, an Australian pension fund that manages $135 billion worth of funds and has 647,000 members, had its entire account WIPED OUT at Google Cloud, including all its backups that were stored on the service.
i got an idea..lets stop our sanctions on cuba and lets see how private citizens go forth and build and live...especially since the govt there has been allowing citizens to have and own private lands and businesses..they might fool everyone...case in point...two guys designed and built a new tractor for poor farmers specifically for cuba and all was a thumbs up for easy build and exports to cuba..then biden shut it down..the tractor guys designed and built for ease of operation and SELF REPAIR...and they got blueprints etc. and all list of parts and sources to build more themselves...farmers first says i...!
Oggun (pronounced oh-goon) may be an odd name for a tractor, but that's the latest entry into the market, originally designed for Cuba, made in Alabama, and resembling the Allis Chalmers G made in the 40's and 50's. Here's a link to their website: http://www.thinkoggun.com/.
The Oggun Tractor is the brainchild of the partners in Cleber, LLC, Horace Clemmons and Saul Berenthal, who had previosly owned a software company together. Berenthal left Cuba at the age of 16 and always had a dream of returning and starting a business there. When relations between the two countries started to warm late in 2014, he contacted his former partner to discuss fulfilling his vision and starting a software company in Cuba. Clemmons researched the potential and found that while Cuba isn't ready for computer software, what they do need are tractors, because of their aging Russian-made fleet and their newly-privatized small farms.
The first prototype was made in 2015 and this past week Clemons completed a trek across the mid section of the country promoting the concept. I caught up with him at a demonstration in the southwest part of Missouri and he told me the Oggun story.
Cubans actually provided the name for the tractor. Clemmons told me, "As our tractor defines the transition from livestock to mechanization we described it as the Iron Horse Tractor. While working in Cuba, the Cuban farmers had an idea for a name - Oggún, the mythical god for metalworks and protector of the people. And so, our Iron Horse Tractor is called Oggún.
"The tractor is designed mainly for close-in cultivation of vegetable-type crops, but there will be finish mower and rotary cutter attachments available soon. It's powered by a Honda engine, has a three point and PTO, but it's only two wheel drive, and there is no loader available for it. It will sell for $12,500, and only directly to customers, there will be no dealer network. Parts for the tractor, though, are readily available and Clemmons says the design is so simple that people with even limited mechanical abilities and tools will be able to service it.
Long term plans are for the Oggun to be built and sold throughout the world and possibly morph in to a skid loader or utility vehicle. It's a new concept, a very unique business model and it will be interesting to see if the company has hit on a magic formula to reach farmers in Cuba and around the world with their new tractor concept.
The Oggun Tractor is the brainchild of the partners in Cleber, LLC, Horace Clemmons and Saul Berenthal, who had previosly owned a software company together. Berenthal left Cuba at the age of 16 and always had a dream of returning and starting a business there. When relations between the two countries started to warm late in 2014, he contacted his former partner to discuss fulfilling his vision and starting a software company in Cuba. Clemmons researched the potential and found that while Cuba isn't ready for computer software, what they do need are tractors, because of their aging Russian-made fleet and their newly-privatized small farms.
The first prototype was made in 2015 and this past week Clemons completed a trek across the mid section of the country promoting the concept. I caught up with him at a demonstration in the southwest part of Missouri and he told me the Oggun story.
Cubans actually provided the name for the tractor. Clemmons told me, "As our tractor defines the transition from livestock to mechanization we described it as the Iron Horse Tractor. While working in Cuba, the Cuban farmers had an idea for a name - Oggún, the mythical god for metalworks and protector of the people. And so, our Iron Horse Tractor is called Oggún.
"The tractor is designed mainly for close-in cultivation of vegetable-type crops, but there will be finish mower and rotary cutter attachments available soon. It's powered by a Honda engine, has a three point and PTO, but it's only two wheel drive, and there is no loader available for it. It will sell for $12,500, and only directly to customers, there will be no dealer network. Parts for the tractor, though, are readily available and Clemmons says the design is so simple that people with even limited mechanical abilities and tools will be able to service it.
Long term plans are for the Oggun to be built and sold throughout the world and possibly morph in to a skid loader or utility vehicle. It's a new concept, a very unique business model and it will be interesting to see if the company has hit on a magic formula to reach farmers in Cuba and around the world with their new tractor concept.
- Joined
- Dec 3, 2017
- Messages
- 23,612
Still am looking for crash in Cuba, and not finding anything yet.
There is enough information in a thread over on SB to understand what is (and has been) happening. Actually, in my opinion the facts about the several year histories, and the government motivate for its actions is more frightening then an out of the blue crash. It seems worth studying, as a probable USA financial manipulation. It is interesting the governments perceived identification of a problem, and their "flawed" regulations to mitigate the problem, and the business reaction to protect themselves.
Last edited:
- Joined
- Oct 18, 2020
- Messages
- 1,797
Wow, yah.. 'Another Brick in the Wall' to just ABSOLUTE NOPE to 'Cloud ANYTHING' that is important to You / Yer Fam.. from even 'just Photos', to iWhatever backups, to 'Security Cam footage hosting', to Any financial stuff, On.. IF there's a 'choice' (and there Always is.. at least For now..) Just NOPE-out, and find another provider and/or storage paradigm.
Simply Not 'secure', imo... Totally subject to NWO-cartel pilfering / nefarious .gov 'Social-scoring purposes', etc.. Just Nope.
.02
jd
Simply Not 'secure', imo... Totally subject to NWO-cartel pilfering / nefarious .gov 'Social-scoring purposes', etc.. Just Nope.
.02
jd
I searched for "cuba bank currency crisis" and got a bunch of mainstream news hits.
- Joined
- Dec 3, 2017
- Messages
- 23,612
Well, yep, they've been having a crisis, but I don't see a collapse and a forced digital currency.
Ah. Perhaps "crash" is too strong? Not sure what the word would be. The original link said collapse, which certainly sounds like a crash. Personally, I was unaware that there was a currency shortage in Cuba. Will be interesting to see how this develops. Not a good situation for a national economy to have all your ATMs running out of cash, and businesses not wanting to deposit cash in the banks for fear of not being able to get it when they need it.
As far as digital currency, the only articles I see discuss Cuba passing a law to recognize certain cryptocurrencies like bitcoin for payments. I don't see anything indicating a forced digital currency. The linked article seems to have exaggerated that point...at least as far as I can tell.
Amen, we’re going to need a wheelbarrow to buy a loaf of bread soon.That's some big bucks these days
The way I read it the banks emptied the ATM’s or they intentionally let them run out, probably both. When the people broke into the banks the vault s were open and empty and the safe deposit boxes had been emptied. They are not letting the people get to their money. US currency used to be the preferred payment in Cuba. This was true as recently as the turn of the century. I lost track after that.
My MARINE standing by Nephew is married to a Cuban Woman Batista refugee's daughter, I will ask them what's up They are still connected.
keep this in mind...Lebanon's bank failed..well they stole depositors money...but still yet people still living their grinding out daily life...its rough..but its being done..some left...but majority stayed...not saying they wouldnt leave if give half chance in both places..but reality is people stayed put..even now in Venezuela...most stayed put..anything short of being bombed people will stay.
It's going to happen here eventually.
Gee, who woulda thunk that a centralized economy would fail?!
Capitalism is a proven recipe for success of the economy, and for every citizen.
Capitalism is a proven recipe for success of the economy, and for every citizen.
- Joined
- Dec 3, 2017
- Messages
- 21,509
We've been heading in that direction for a while. Checks, Credit cards, debit cards, cashless apps, Venmo.
We need to send some government types down to Argentina to learn from the masters about how to handle it. Their economy has collapsed so many times I've lost count. Then they bounce back. Then they collapse again. They are a trend leader in defaulting on national debt. As reliable as Old Faithful.It will happen here!
<----Anarcho-capitolist.
Farmer's markets, yard sales and flea markets forever!
and gods bless the rhubarb and rutabagas!
Farmer's markets, yard sales and flea markets forever!
and gods bless the rhubarb and rutabagas!
That's called "Bailing In" they take peoples money and give them stocks in the bank and it's going to happen here in the USA due to the Keynesian banking system we go by.
and bless the horseradishes! We need a horseradish thread, great stuff.
Anyway, I don't trust banks, but then who does. If I could find a way to not have a bank account, I wouldn't have one.
