Got Cash? Internet Outage In Canada Makes Digital Payments Worthless

We’ve been following the war on cash for years and advising readers on elite efforts to eliminate cash. The idea is to make all payments digital and to force individuals into digital accounts that can be frozen, seized, or reduced by negative interest rates, tax withholdings, and other charges.

In the more extreme version (already true in China and not that far away elsewhere), tracking digital payments at the point of purchase can result in surveillance, investigation, or worse if you give money to the wrong candidate or purchase the wrong book.

All of this is the goal of the global elites. Yet, a funny thing happened in Canada last week, as reported here. Canada has two major telecommunications companies, Rogers and Bell. The Rogers system failed, which resulted in massive outages in internet service, wireless communications, and cable systems.

Cell phones didn’t work, ATMs were shut down, and credit and debit cards did not work at the point of purchase. Banks shut down their e-transfer businesses, including Royal Bank of Canada, Bank of Montreal, and TD Bank, among others. Online shopping was closed because the internet didn’t work at all.

Businesses that stayed open quickly posted “cash only” signs at the check-out counters. Society was back to a cash transactions system in a heartbeat.

The systems failure lasted several days before service was gradually resumed. It was not the end of the world, but it may have been a great preview of the shape of things to come.

This episode is one reason I have always recommended keeping some physical cash at home or in a safe place. I wouldn’t recommend too much cash because the time may come when cash is declared illegal and you have, say, 60 days to hand in your cash for digital credit. Handing in too much cash may cause you to be put on a watchlist from a tax or money laundering perspective, even though the money is yours and you obtained it legally.

But it’s a good idea to have some cash just for these emergency situations. An amount of $10,000 for the average citizen or $100,000 if you want to go large is about right.

The bigger question posed is what to do when the all-digital monetary system arrives, and cash is not an option in the first place. Power outages and internet outages will still happen no matter what the elites claim. The only solution, in that case, is the oldest monetary solution in the world – silver and gold coins.

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