Discussion in 'YouTube Digest' started by ozcopper, May 13, 2015.
My God Man ! Head shaking contemplation viewing there. Thank you for sharing.
Any chance either of you have a copy of this video?
Comes up as a private vid Oz. Can't watch it.
https://www.films.com/dealerpreview/36163 - a preview. I think the full video goes for an hour.
It used to be a public video. I've heard that someone has been trying to scrub it from the internet,
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.
Lets chuck into the mix a little Cyprus Bail In.
Anyone got a link to this ? I struggled to find one online
I only found this this preview
The Empty ATM: Inside Argentina's Broken Economy
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.
Here's a copy:
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