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To: benwood who wrote (394895)9/24/2009 6:40:59 PM
From: NucTrader  Respond to of 436258
 
Agreed. I think they're following the Agentina model rather than the Zimbabwe model. In the former case, citizens were coverting their currency to USD. They shut down the Argentine banks, allowing $300 a month max withdrawal for 6 mos or a year, I forget. When it was done, Argentine currency had devalued by nearly 70%. Some variation of that will be the playbook. Hint: have some gold on hand (20 oz of physical stuff sounds nice) and cash.



To: benwood who wrote (394895)9/24/2009 7:05:09 PM
From: Terry Maloney  Respond to of 436258
 
It's got to, if this is going to end badly... <g>