Kal Kotecha PhD
1
All posts from Kal Kotecha PhD
Kal Kotecha PhD in Junior Gold Report,

Germans Warned To ‘Stockpile’ Cash In Case Of ‘War’

The German government is warning its people to ‘stockpile’ food, water and cash in case of ‘war’.

For the first time since the end of the Cold War, the German government is set to tell citizens to stockpile food, water, medicine, fuel and cash in case of war, an attack, catastrophe or “national emergency”, the Frankfurter Allgemeine Sonntagszeitungnewspaper reported on Sunday.

Angela Merkel, Francois Hollande and Matteo Renzi on Aircraft Carrier Garibaldi yesterday. Photo: Guido Bergmann / DPA

Angela Merkel’s government is to “encourage the population” to have their own “personal supplies” including having some reserves of cash in their homes. People will also be urged to keep supplies of medicines, warm blankets, coal, wood, candles, torches, batteries and matches.

Regarding the advice to own cash outside the banking system, Deutsche Welle pointed out that:

“A wad of cash is another important part of any household’s emergency supplies. There may not be time to rush to a bank, and ATMs won’t work if the power is out.”

This is one of the primary reasons that one should own physical gold coins and bars outside the banking, financial and indeed the “technological system” and its dependence on electrical grids and supplies. Many of these systems are antiquated and vulnerable to attack such as from electromagnetic pulse (EMP) warfare that could quickly take out a large city or indeed a nation’s electricity infrastructure and supplies.

Frankfurter Allgemeine Sonntagszeitung reported that the

“Population should be able to protect themselves before government measures start to ensure an adequate supply of food, water, energy and cash.”

“The population will be obliged to hold an individual supply of food for ten days,” the newspaper quoted the government’s “Concept for Civil Defence” – which has been prepared by the Interior Ministry – as saying. According to information leaked toFrankfurter Allgemeine Sontagszeitung they include advice to citizens to stockpile enough food for ten days and clean drinking water for five days.

“The population should be urged by appropriate means to keep two litres of drinking water per person per day,” the newspaper quoted a government paper as saying.

The 69-page report does not see an attack on Germany’s territory, which would require a conventional style of national defense, as likely. However, the precautionary measures demand that people “prepare appropriately for a development that could threaten our existence and cannot be categorically ruled out in the future,” the paper cited the report as saying.

The government is to increase stocks of smallpox vaccine and antibiotics in case of biological attack, and set up reserves of petrol and oil at 140 locations around Germany to ensure a supply for 90 days. Other provisions include setting up decontamination sites outside hospitals in case of nuclear, biological or chemical attack.

German newspapers like Deutsche Welle have complied handy checklists such as What emergency supplies do you need?

It is important to note that another global financial crisis and collapse of the global banking and financial system would also necessitate citizens being prepared. Deutsche Bank’s share price has all the hallmarks of that of Lehman Brothers prior to Lehman’s collapse.

Political and financial complacency reigns today as it tends to do regarding geopolitical risk. The complacency of the world between 1900 and 1914 is the best example of this. There is little analysis of the potential impact of terrorism and war on the lives of citizens or indeed on their personal finances.

Owning some gold coins and bars outside the banking and financial system will protect from these scenarios. As ever, it is prudent to hope for the best but be prepared for less benign scenarios.

Full Article: Germans Warned To ‘Stockpile’ Cash In Case Of ‘War’

Disclaimer© 2010 Junior Gold ReportJunior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions. Consideration for Services: JGR, it’s editor, affiliates, associates, partners, family members, or contractors may have an interest or position in featured, written-up companies, as well as sponsored companies which compensate JGR. JGR has been paid by the company written up. Thus, multiple conflicts of interests exist. Therefore, information provided herewithin should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. No Offer to Sell Securities: JGR is not a registered investment advisor. JGR is intended for informational, educational and research purposes only. It is not to be considered as investment advice. Subscribers are encouraged to conduct their own research and due diligence, and consult with their own independent financial and tax advisors with respect to any investment opportunity. No statement or expression of any opinions contained in this report constitutes an offer to buy or sell the shares of the companies mentioned herein. Links: JGR may contain links to related websites for stock quotes, charts, etc. JGR is not responsible for the content of or the privacy practices of these sites. Release of Liability: By reading JGR, you agree to hold Junior Gold Report its associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Forward Looking Statements

Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "has potential to", or "intends' or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company's business model; future operations, products and services; the impact of regulatory initiatives on the Company's operations; the size of and opportunities related to the market for the Company's products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.