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I understand the sentiment. This has already happened in Argentina in 2000 (the infamous "corralito"). Many people lost the savings of their lives. After this a
by liendolucas 4y ago
I understand the sentiment. This has already happened in Argentina in 2000 (the infamous "corralito"). Many people lost the savings of their lives. After this a big distrust against banks was installed and people decided to put their money not in bank accounts but in bank safe boxes, which in theory can't be touched. At the time I was a teenager in school but after that experience I've learnt not leave a single dollar in Argentinian banks. There seems to be literally no difference to what's happening there than what happened to us 22 years ago.
Edit: Some corrections and modifications.
- deleted 4y ago[deleted]
- danuker 4y agohttps://en.wikipedia.org/wiki/Economic_history_of_Argentina https://en.wikipedia.org/wiki/Economic_history_of_Argentina > Since independence from Spain in 1816, the country has defaulted on its debt nine times
- dotancohen 4y agoAmazing for a nation which is literally named for its reserves of precious metals.
- layer8overhere 4y agoI know the Chicago boys get some flak for what they didn't get right but it sounds like Argentina would have benefited greatly from a few of them... jeez
- vbezhenar 4y agoI don’t trust safes either. Buy gold and bury it. Other means are not solid.
- mFixman 4y agoThe amount of people keeping life savings outside banks after the 2001 crisis caused a huge increase in the amount of kidnappings and violent crimes. Those were difficult times.