FinancialAdvisor's College Class (FACC)

[roguedolphin]

Argentina had a massive financial crash and government instability about 3 years ago or so. There was massive rioting and unrest and governments were overthrown in a short time frame.

The banks were shut down over there and when they were reopened months later the Argentina $/US dollar peg was broken and the savings of the nation was decimated.

Some people were wiped out....I imagine some had benefitted from the economic chaos.

Can the US dollar /China dollar unbreaking of the peg cause similar problems? We have so many "imbalances" in our financial system it's only a matter of time before chaos.

Buffet even said as much....it could happen in 3 months or 5 years was pretty much HIS qoute.

Rogue


Rogue