Quote:
Originally Posted by crockett
btw just think about it.. pulling your money out isn't gonna do much. If everything crashes then the money will be worthless anyway..
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This is completely untrue, you're the one pulling this out of your ass yet you accuse others of doing the same; typical GFY overconfidence effect.
10 years ago during the Argentine financial crisis, there were limits on how much you could withdraw from your account. They placed the limits there for a number of reasons, one being that they didn't want you to withdraw all of your Pesos and covert them into another currency, as this would have pushed the Argentine Peso to a total collapse. The Pesos did lose a lot of their value, but they were not worthless like you suggest. If the banks had put their restrictions in place sooner the Peso wouldn't have devalued to the same extent; it's when people start dumping a currency that it's value goes down (and during quantitative easing of course)