Ferfal discusses the benefits of a money belt and mentions a decoy wallet too. For those who don’t know, Ferfal is the guy that talks about his experiences during the economic woes in Argentina. Anyway, such tactics may become useful and necessary in the near future and even in any emergency scenario for that matter.
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It’s sad to think that we not only have to worry about muggings but how to hide our money from that very real possibility. I would suspect that criminals will get more “thorough” when times get tough so even a money belt may not be good enough.