Skip to main content

  877.543.5970 ext. 102   christopher@atlasindicators.com
  •  
  •   Client Login

  • Home
  • About 
    • Our Team
    • Our Philosophy
    • Our Process
  • Our Services 
    • Our Services
    • Investments
    • Insurance
    • Retirement Planning
  • Resources 
    • Useful Websites
    • Financial Calculators
    • Video Library
  • Blog
  • Contact

    You are here

  1. Home
  2. Blogs
  3. Hurricane Seismic Waves

Hurricane Seismic Waves

Submitted by Atlas Indicators Investment Advisors on November 30th, 2017

When Hurricane Maria knocked out 90% of Puerto Rico's power, the populace found it necessary to revert to a cash economy.  In the first month after the storm hit, all around the island there are still many places where credit cards don't work, debit cards don't work, ATMs don't work, bank wires don't work, electronic fund transfers don't work.

 

The largest bank in Puerto Rice, Popular, said corporate clients were requesting hundreds of thousands of dollars in cash for payrolls.  But even when funds were available, security concerns (enough armored cars and qualified drivers) along with passable roadways hampered delivery efforts.  What ATMs and banks did have actual cash saw all of it drained within a few days.  People with cash began hoarding it, buying only the barest of essentials.  Those stores that did have water or batteries often couldn't sell them because no one had money--at least not in smaller denominations. 

 

Huge devastations like the one that hit Puerto Rico can happen anywhere, and most may not even have the early warning system in place that can alert you to a pending disaster.  Atlas feels it is extremely important to remind everyone that they should have a disaster-preparedness kit, box, or backpack ready to go.  Learning from the experience in Puerto Rico, be sure it includes some cash, enough to cover bare necessities for several weeks.  And be sure it consists of smaller bills: ones, fives, and tens are preferable; twenties may even be too large at times.  And try to never allow your car's gas tank to fall below half-full.  If the power grid goes down, neither ATMs nor gas pumps will work.   (by J R)

Tags:
  • Friday

Book a Meeting

Tell a Friend

Looking to learn more?

Get in touch today

Contact Us

Additional info

  • Sitemap
  • Legal, privacy, copyright and trademark information

Contact info

  •   560 W Foothill Pkwy, Corona, CA 92882
  •   877.543.5970 ext. 102
  •   christopher@atlasindicators.com

Investment Advisory Services offered through Independent Advisor Representatives of Cooper McManus, a Registered Investment Adviser Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, to residents of: CA, HI, MA, MT, OR, PA, and TX. Cambridge and Atlas Indicators Investment Advisors, Inc. are not affiliated.​

Cambridge's Form CRS (Client Relationship Summary)

Please see the following for our services disclaimer: Asset Allocation: Diversification seeks to reduce the volatility of a portfolio by investing in a variety of asset classes. Neither asset allocation nor diversification guarantee against market loss or greater or more consistent returns. Asset allocation does not guarantee a profit or protection from losses in a declining market. Precious Metals: Investments in precious metals such as gold involve risk. Investments in precious metals are not suitable to everyone and may involve loss of your entire investment. These investments are subject to sudden price fluctuation, possible insolvency of the trading exchange and potential losses of more than your original investment when using leverage. Real Estate: Specific-sector investing such as real estate can be subject to different and greater risks than more diversified investments. Declines in the value of real estate, economic conditions, property taxes, tax laws, and interest rates all present potential risks to real estate investments. Diversification: Diversification seeks to reduce the volatility of a portfolio by investing in a variety of asset classes. Neither asset allocation nor diversification guarantee against market loss or greater or more consistent returns. Index: An investor cannot invest directly in an index.

This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.

© 2025 Atlas Indicators Investment Advisors. All rights reserved.

Website Design For Financial Services Professionals