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12/11: Episode 11. Due to the some logistical conflicts discovered ourselves without a guest this week, but what obtain instead is lots of strategy talk and a cameo from Gareth Chantler. [Visit Website] [Download MP3].
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A run using Argentine bank deposits happened 2001. The natives were understandably restless with the continuing failure of the government's economic policies. People wanted to emerge from the Argentine peso for your refuge from the USD. While might expect, the government froze banking accounts for a great deal as a year and limited customer distributions. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to deal with the poor financial associated with banks within this country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did generate losses though expression used was the more euphemistic "tax".
