A operated with Argentine bank deposits took place in 2001. The natives were understandably restless with the continued failure inside government's economic policies. People wanted to leave the Argentine peso for the refuge within the USD. As you might expect, the government froze accounts for around a year and limited customer distributions. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to using the poor financial state of banks in a 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 phrase 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 besides an ever faltering "full faith and credit" belonging to the U.S. Executive. Since the Federal Reserve Act of 1913 the dollar has lost 92% of its purchasing electrical.
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