The Empty ATM

Discussion in 'YouTube Digest' started by ozcopper, May 13, 2015.

  1. ozcopper

    ozcopper Administrator Staff Member

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    [youtube]http://www.youtube.com/watch?v=cQ-DB2eZLyA[/youtube]
     
    Number 47 likes this.
  2. TeaPot&ChopSticks

    TeaPot&ChopSticks New Member

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    My God Man ! Head shaking contemplation viewing there. Thank you for sharing.
     
  3. Daniel6544

    Daniel6544 New Member

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    Any chance either of you have a copy of this video?
     
  4. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Comes up as a private vid Oz. Can't watch it.:(
     
  5. Daniel6544

    Daniel6544 New Member

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    Oddjob, Number 47 and boneyard like this.
  6. ozcopper

    ozcopper Administrator Staff Member

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    It used to be a public video. I've heard that someone has been trying to scrub it from the internet,
     
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  7. Number 47

    Number 47 Well-Known Member

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    Argentina's example is good but hard lesson about keeping savings in the bank.

    It's also a lesson about government guarantees.

    Too bad most people unaffected by it wouldn't believe for a second that it could happen to them.
     
    66rounds likes this.
  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Lets chuck into the mix a little Cyprus Bail In.

     
  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Not surprised.
     
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  10. Timmy88

    Timmy88 Member Silver Stacker

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    Anyone got a link to this ? I struggled to find one online

    Timmy
     
  11. Timmy88

    Timmy88 Member Silver Stacker

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  12. classic

    classic Member

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    The Empty ATM: Inside Argentina's Broken Economy
    ©2002

    In December 2001, the Argentine government defaulted on $155 billion in public debt. This Wide Angle documentary describes the economic disintegration of the once affluent country, examining its political quagmire and the collapse of its currency. Showing various methods that citizens use to survive in a broken economy—ranging from the ingenious, such as barter clubs for exchanging goods and services, to the brutal, including outbreaks of rioting—the program demonstrates what happens when basic government services vanish. It also asks: how can the people of Argentina put their society back together? In addition, former World Bank Chief Economist Joseph Stiglitz talks with anchor Jamie Rubin. (57 minutes)



    Playing preview clip:
    Frozen Savings Accounts in Buenos Aires
    Due to political and financial meltdown, Argentina's banks limit withdrawals to no more than 1200 pesos each month and the value of the peso has sunk to 30 cents per U.S. dollar. Many citizens have lost their life's savings.
     
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  13. Daniel6544

    Daniel6544 New Member

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    Here's a copy:
     

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