4 ms·

i am not even 40 and got my money robbed from the bank by the government twice. depends where you live, a bank is not that good of a place to keep your savings.

alangibson 4y ago
We're definitely going to need details on this.
- mh- 4y ago
  from the parent comment > depends where you live I infer they live somewhere without a stable financial system and/or government.
  - notch656a 4y ago
    Nah the IRS has frozen bank accounts multiple times merely because people owned cash businesses where they made sub-10k deposits on the regular without any intention to structure it. It's frighteningly easy to lose access to your bank account in the US.
    - mh- 4y ago
      But that's not at all what happened in the thread we're replying to..
      - notch656a 4y ago
        >But that's not at all what happened in the thread we're replying to.. Don't think you have the information to say that. OP didn't say what happened. I don't think we can say anything in particular is exactly what did happen without more information. Unless you don't consider the US a place with "a stable financial system and/or government" -- which may be accurate -- then this very well could have taken place in the US. I'm not sure you can infer where this took place.
- rootsudo 4y ago
  This is a pretty common scenario in South America, e.g. Argentina, Colombia, Venezuela and then you can look over at some African reasons and even Asia nowadays too - e.g. Sri Lanka. You can also go as far as even the USA does this on money it deems "did a crime" or was related, or just in the proximity because the law enforcement officer said so. civil forfeiture.
- School-Cotton 4y ago
  Not the OP but there are plenty of examples of countries where the government stole everyone’s deposits — usually by forcibly converting accounts denominated in a hard foreign currency to the local currency at a farcical “official” rate. I’ve specifically heard of this happening in Argentina and Yugoslavia, but if you google “forced currency conversion” you can find many other examples.
oldgradstudent 4y ago
Could you share a bit more?

alangibson 4y ago

We're definitely going to need details on this.

mh- 4y ago
from the parent comment > depends where you live I infer they live somewhere without a stable financial system and/or government.
- notch656a 4y ago
  Nah the IRS has frozen bank accounts multiple times merely because people owned cash businesses where they made sub-10k deposits on the regular without any intention to structure it. It's frighteningly easy to lose access to your bank account in the US.
  - mh- 4y ago
    But that's not at all what happened in the thread we're replying to..
    - notch656a 4y ago
      >But that's not at all what happened in the thread we're replying to.. Don't think you have the information to say that. OP didn't say what happened. I don't think we can say anything in particular is exactly what did happen without more information. Unless you don't consider the US a place with "a stable financial system and/or government" -- which may be accurate -- then this very well could have taken place in the US. I'm not sure you can infer where this took place.
rootsudo 4y ago
This is a pretty common scenario in South America, e.g. Argentina, Colombia, Venezuela and then you can look over at some African reasons and even Asia nowadays too - e.g. Sri Lanka. You can also go as far as even the USA does this on money it deems "did a crime" or was related, or just in the proximity because the law enforcement officer said so. civil forfeiture.
School-Cotton 4y ago
Not the OP but there are plenty of examples of countries where the government stole everyone’s deposits — usually by forcibly converting accounts denominated in a hard foreign currency to the local currency at a farcical “official” rate. I’ve specifically heard of this happening in Argentina and Yugoslavia, but if you google “forced currency conversion” you can find many other examples.

oldgradstudent 4y ago

Could you share a bit more?