This is why I recommend that people start holding private cryptocurrency (Monero and Zcash), precious metals, and durable goods (bullets, canned food, etc).
When government currencies collapse, they seize people's bank accounts, impose bank holidays, and restrict capital movement (in or out of the country). Wage and price controls often follow, so there are shortages of staples, fuel, and common household consumables. See Argentina, Weimar Republic, Zimbabwe, South Africa, for example.
When government currencies collapse, they seize people's bank accounts, impose bank holidays, and restrict capital movement (in or out of the country). Wage and price controls often follow, so there are shortages of staples, fuel, and common household consumables. See Argentina, Weimar Republic, Zimbabwe, South Africa, for example.