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.
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.
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.
alangibson|3 years ago
umanwizard|3 years ago
I’ve specifically heard of this happening in Argentina and Yugoslavia, but if you google “forced currency conversion” you can find many other examples.
mh-|3 years ago
> depends where you live
I infer they live somewhere without a stable financial system and/or government.
rootsudo|3 years ago
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.
oldgradstudent|3 years ago