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> The only way cash savings can be wiped out is rampant inflation, currency devaluation, or the currency being no longer accepted. Also bail-ins. Any significa
by rapsey 7y ago
> The only way cash savings can be wiped out is rampant inflation, currency devaluation, or the currency being no longer accepted.
Also bail-ins. Any significant amount of cash in a bank account is a sitting target if real trouble starts. This is more likely in smaller countries like Greece.
- oceanghost 7y agoYes. This. Greece was the test for the latest wealth-transfer mechanism. Why wait for unreliable governments to bail you out when you can just confiscate deposits?