I will never put my money in a bank again !! - GoFuckYourself.com

halfpint · 12-02-2011, 04:17 PM

Scary times

Journalist Carina Etchegaray will never forget 3 December, 2001.
She and her family were buying a flat in the Argentine capital, Buenos Aires.
Within hours, her hopes of being a property owner had vanished into thin air.

Faced with a mounting economic crisis, the government had announced a new decree to limit bank withdrawals or transfers to the equivalent of $250 (£160) a week.
The aim was to stop a run on the banks.

At a stroke, Ms Etchegaray and millions of her fellow citizens were unable to access all their savings.
Long queues formed at banks across Argentina as people tried to get hold of their money. Soon frustration turned to anger.

"It was something we had never seen before. You did not know what to do or where to go to ask for your savings, because all the banks were closed," says Ms Etchegaray.

"You would knock on their doors and nobody answered."
Upheaval

The decree, known as the "corralito" or "ring fence", sparked such unrest that the elected government fell, and many feared for the survival of the political institutions.
Demonstrators bang on the door of the branch of Banco Frances in the financial district of Buenos Aires, 6 February 2002. "I want my dollars back": Many Argentines went through months of desperation

Riots started in the main cities and there was widespread looting.

A state of emergency was declared, but it only made things worse. By 20 December, some 40 people had died in clashes with the police.

"Coming up to this 10th anniversary, I've been thinking about those moments of tension, uncertainty and sadness," says Ms Etchegaray.

You had to get on with life, she says, but it was a very anxious time.

"When you went to buy food for your children, it was common to find that the supermarket had been looted.

Video and more here http://www.bbc.co.uk/news/world-latin-america-15981406

Solace · 12-02-2011, 04:18 PM

Argentina is know for such tactics

lagcam · 12-02-2011, 04:26 PM

Those of us with funds in Argentine banks thank you for the heads up...... oh wait, that was 10 years ago.

halfpint · 12-02-2011, 04:32 PM

Quote:

Originally Posted by lagcam

Those of us with funds in Argentine banks thank you for the heads up...... oh wait, that was 10 years ago.

yep it was, but can you imagine if a similar thing ever happens in the US and EU We alsmost had it happen to the Northen Rock Bank in 2007 when hundreds of people were queing up trying to get their money out of the bank

SmokeyTheBear · 12-02-2011, 06:44 PM

Quote:

Originally Posted by Jesus H Christ

It also happened in Russia in 1998, as it almost happened here in 2008-9. I remember watching CNBC as the head of PIMCO told his wife, as they were cutting to a break, to quickly hit the ATM as the market was crashing. PIMCO is one of the worlds largest retirement fund management companies.

lol . stop eating bonbons bitch , get to the atm and hit empty !!!!

wehateporn · 12-02-2011, 06:54 PM

The Wife lived there are the time. There were some people in the know just before it happened, they made big money.

adultchatpay · 12-02-2011, 11:26 PM

Now that is scary!!

HandballJim · 12-03-2011, 12:00 AM

wasn't there some hinting on the news that hackers in China were trying to do a cyber attack towards the U.S. to erase all our banks financial data. If this happened we would all be fucked.

Chosen · 12-03-2011, 01:11 AM

Thanks for the 10 year old news....

EddyTheDog · 12-03-2011, 01:21 AM

I am in the red this month - bet the fuckers wont forget that....

Barry-xlovecam · 12-03-2011, 08:35 AM

http://en.wikisource.org/wiki/Emerge...ing_Relief_Act
Emergency Banking Relief Act
Public Law 73-1
To provide relief in the existing national emergency in banking, and for other purposes
by the 73rd Congress of the United States

◄ Public Law 73-0 Pub.L. 73−1, 48 Stat. 1, H.R. 1491, enacted March 9, 1933.
During the Great Depression the withdrawal of funds was temporally stopped in the USA but for short time ...

EukerVoorn · 12-03-2011, 08:51 AM

Withdraw all your money from all your bank accounts now before it's too late!

RyuLion · 12-03-2011, 08:56 AM

By a safe.
Cash your checks at Walmart.

blackmonsters · 12-03-2011, 09:03 AM

Yeah, but in America they call you a criminal and confiscate your money if they
find you with a lot of cash that's not in a bank.

http://www.cnn.com/2009/CRIME/05/05/...lice.seizures/

RyuLion · 12-03-2011, 09:11 AM

Quote:

Originally Posted by blackmonsters

Yeah, but in America they call you a criminal and confiscate your money if they
find you with a lot of cash that's not in a bank.

http://www.cnn.com/2009/CRIME/05/05/...lice.seizures/

Wow..thanks for that News. I love America even more now..

</sarcasm>

Paul&John · 12-03-2011, 09:35 AM

But again it's no use if you have cash at home in your countries currency, and it gets devalued... actually I was thinking about holding some cash at home in foreign currencies.. we are part of EURO zone, so maybe it would be safe to have like 3.000 USD and 3.000 CHF (Swiss Frank) at home.

EukerVoorn · 12-03-2011, 09:48 AM

Devalued cash money under your bed still has more value then money completely vanished from your bank account - and devalued cash money can revalue again. We need to have that big crash now, after that we can recover.

VikingMan · 12-03-2011, 10:26 AM

It will be so much fun watching the willfully ignorant Americans around me freak out when they realize their money is worthless and that the grocery stores are empty. Fucking faggots.

12-02-2011, 04:17 PM	#1
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	I will never put my money in a bank again !! Scary times Journalist Carina Etchegaray will never forget 3 December, 2001. She and her family were buying a flat in the Argentine capital, Buenos Aires. Within hours, her hopes of being a property owner had vanished into thin air. Faced with a mounting economic crisis, the government had announced a new decree to limit bank withdrawals or transfers to the equivalent of $250 (£160) a week. The aim was to stop a run on the banks. At a stroke, Ms Etchegaray and millions of her fellow citizens were unable to access all their savings. Long queues formed at banks across Argentina as people tried to get hold of their money. Soon frustration turned to anger. "It was something we had never seen before. You did not know what to do or where to go to ask for your savings, because all the banks were closed," says Ms Etchegaray. "You would knock on their doors and nobody answered." Upheaval The decree, known as the "corralito" or "ring fence", sparked such unrest that the elected government fell, and many feared for the survival of the political institutions. Demonstrators bang on the door of the branch of Banco Frances in the financial district of Buenos Aires, 6 February 2002. "I want my dollars back": Many Argentines went through months of desperation Riots started in the main cities and there was widespread looting. A state of emergency was declared, but it only made things worse. By 20 December, some 40 people had died in clashes with the police. "Coming up to this 10th anniversary, I've been thinking about those moments of tension, uncertainty and sadness," says Ms Etchegaray. You had to get on with life, she says, but it was a very anxious time. "When you went to buy food for your children, it was common to find that the supermarket had been looted. Video and more here http://www.bbc.co.uk/news/world-latin-america-15981406 __________________ Get FREE website listings on Cryptocoinshops.net

12-02-2011, 04:26 PM	#3
lagcam Confirmed User Industry Role: Join Date: Jul 2007 Posts: 2,892	Those of us with funds in Argentine banks thank you for the heads up...... oh wait, that was 10 years ago. __________________ Working Cam site for sale - NOT affiliate.

12-02-2011, 06:54 PM	#6
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	The Wife lived there are the time. There were some people in the know just before it happened, they made big money. __________________ Sexy Girls Teasing

12-03-2011, 12:00 AM	#8
HandballJim Confirmed User Industry Role: Join Date: Sep 2008 Location: NYC Posts: 4,024	wasn't there some hinting on the news that hackers in China were trying to do a cyber attack towards the U.S. to erase all our banks financial data. If this happened we would all be fucked. __________________ HOW I MAKE LOTS OF $$$

12-03-2011, 08:35 AM	#11
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	http://en.wikisource.org/wiki/Emerge...ing_Relief_Act Emergency Banking Relief Act Public Law 73-1 To provide relief in the existing national emergency in banking, and for other purposes by the 73rd Congress of the United States ◄ Public Law 73-0 Pub.L. 73−1, 48 Stat. 1, H.R. 1491, enacted March 9, 1933. During the Great Depression the withdrawal of funds was temporally stopped in the USA but for short time ...

12-02-2011, 04:18 PM	#2
Solace So Fucking Banned Industry Role: Join Date: Nov 2011 Posts: 995	Argentina is know for such tactics

12-02-2011, 11:26 PM	#7
adultchatpay Let's Make Money Industry Role: Join Date: Dec 2008 Posts: 8,784	Now that is scary!!

12-03-2011, 01:11 AM	#9
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	Thanks for the 10 year old news....

12-03-2011, 01:21 AM	#10
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12-03-2011, 08:51 AM	#12
EukerVoorn So Fucking Banned Industry Role: Join Date: Aug 2011 Location: Les Alpes, France Posts: 1,423	Withdraw all your money from all your bank accounts now before it's too late!

12-03-2011, 08:56 AM	#13
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12-03-2011, 09:03 AM	#14
blackmonsters Making PHP work Industry Role: Join Date: Nov 2002 Location: 🌎🌅🌈🌇 Posts: 20,578	Yeah, but in America they call you a criminal and confiscate your money if they find you with a lot of cash that's not in a bank. http://www.cnn.com/2009/CRIME/05/05/...lice.seizures/ __________________ Make Money with Porn

12-03-2011, 09:35 AM	#16
Paul&John Confirmed User Industry Role: Join Date: Aug 2005 Location: YUROP Posts: 8,612	But again it's no use if you have cash at home in your countries currency, and it gets devalued... actually I was thinking about holding some cash at home in foreign currencies.. we are part of EURO zone, so maybe it would be safe to have like 3.000 USD and 3.000 CHF (Swiss Frank) at home. __________________ Use coupon 'pauljohn' for a $1 discount at already super cheap NameSilo! Anal Webcams \| Kinky Trans Cams Live \| Hotwife XXX Tube \| Get your Proxies here

12-03-2011, 09:48 AM	#17
EukerVoorn So Fucking Banned Industry Role: Join Date: Aug 2011 Location: Les Alpes, France Posts: 1,423	Devalued cash money under your bed still has more value then money completely vanished from your bank account - and devalued cash money can revalue again. We need to have that big crash now, after that we can recover.

12-03-2011, 10:26 AM	#18
VikingMan Exploiting human weakness Industry Role: Join Date: Jan 2008 Location: next to a salmon stream Posts: 6,530	It will be so much fun watching the willfully ignorant Americans around me freak out when they realize their money is worthless and that the grocery stores are empty. Fucking faggots. Last edited by VikingMan; 12-03-2011 at 10:37 AM..