- Oct 25, 2005
pericles said:What is stopping the Banking system in USA from not collapsing and people not accessing their money?
The US both can and is willing to create more money to shore up the banks and protect bank accounts. Granted, this creates more inflation and/or is a subsequent burden to tax payers.
What happened in Argentina in 2001 can happen anywhere as proven just this week with a country that was rated with the highest standard of living and now is Bankrupt.
But not to the USA: it can print more dollars. An options that wasn't open to Argentina as its foreign debt wasn't denominated in pesos.