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<p>[QUOTE="princeofwaldo, post: 1264819, member: 24091"]Explain that to everyone when they are simultaneously running all the banks in a state of panic. Your logic assumes such a scenario is a black swan event. Truth is, it isn't. </p><p><br /></p><p>If you have any doubts about that, just ask the Russians or Argentinians. And no, their situation wasn't much different than our own current situation before their currency failed. And why did they demand currency when it looked apparent the currency itself was near failure? Because it was better than having nothing at all. Think Cuba 1959, suit cases stuffed with 100 Peso notes from the fallen regime turning up everywhere in Miami. The woman in this story isn't nearly as crazy as you seem to think she is. At least with the cash in hand, she can trade it for something --anything-- before it becomes entirely worthless had it been trapped in a failed institution at a time when the currency became hyperinflationairy.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 1264819, member: 24091"]Explain that to everyone when they are simultaneously running all the banks in a state of panic. Your logic assumes such a scenario is a black swan event. Truth is, it isn't. If you have any doubts about that, just ask the Russians or Argentinians. And no, their situation wasn't much different than our own current situation before their currency failed. And why did they demand currency when it looked apparent the currency itself was near failure? Because it was better than having nothing at all. Think Cuba 1959, suit cases stuffed with 100 Peso notes from the fallen regime turning up everywhere in Miami. The woman in this story isn't nearly as crazy as you seem to think she is. At least with the cash in hand, she can trade it for something --anything-- before it becomes entirely worthless had it been trapped in a failed institution at a time when the currency became hyperinflationairy.[/QUOTE]
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