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A are operated with Argentine bank deposits happened in 2001. The natives were understandably restless with the continuing failure their own government's economic policies. People wanted to leave the Argentine peso for that refuge on the USD. While you might expect, the government froze banking accounts for significantly 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 state of banks within this country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did throw money away though the used was the more euphemistic "tax".
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One, is history. Fiat currencies never last. The U.S. Dollar is a fiat currency, no longer backed by anything individuals an ever faltering "full faith and credit" among the U.S. United states government. Since the Federal Reserve Act of 1913 the dollar has lost 92% of its purchasing influence.
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