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

Argentina is know for such tactics

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

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

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

Now that is scary!!

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.

Thanks for the 10 year old news....

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

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

By a safe.
Cash your checks at Walmart.

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..:helpme
</sarcasm>

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.

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.

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.