Re:Bank of America just lost all Zelle transfers, for many c...
by notch656c on Wednesday January 18, 2023 @01:41PM
(#34430959)
I acknowledge neither of our theories can be proven but it just seems too far fetched to me the unrest was attributable to everything but the banking measures.
Re:Bank of America just lost all Zelle transfers, for many c...
by JumpCrisscross on Wednesday January 18, 2023 @02:01PM
(#34431290)
> it just seems too far fetched to me the unrest was attributable to everything but the banking measures
Temporary and permanent capital controls have a long history of peaceful implementation. Economic collapses do not.
Re:Bank of America just lost all Zelle transfers, for many c...
by notch656c on Wednesday January 18, 2023 @02:19PM
(#34431549)
An important consideration here is unrest is in part in response to perceived factors in the economic collapse. Even if one takes the position the measures are not the cause of the collapse they can still be a cause of unrest.
Re:Bank of America just lost all Zelle transfers, for many c...
by JumpCrisscross on Wednesday January 18, 2023 @02:33PM
(#34431784)
> if one takes the position the measures are not the cause of the collapse they can still be a cause of unrest
You’re missing that the measures have been taken in other contexts without unrest, e.g. Iceland, Cyprus, FDR’a gold confiscation. If X always precedes Y, and Z sometimes does but sometimes doesn’t (and when it does, is twinned with X), and we witness X, Z and Y, X is the dominant explanation for Y.
Re:Bank of America just lost all Zelle transfers, for many c...
by notch656c on Wednesday January 18, 2023 @03:00PM
(#34432184)
" there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina."
-- Simon Kuznets
Re:Bank of America just lost all Zelle transfers, for many c...
by JumpCrisscross on Wednesday January 18, 2023 @04:44PM
(#34433557)
Kuznets' quote is about international finance. Not social unrest. The factors that lead Argentina to collapse are uniquely Argentinian. What happened after that is unsurprising.
Re:Bank of America just lost all Zelle transfers, for many c...
by notch656c on Wednesday January 18, 2023 @05:34PM
(#34434097)
>Kuznets' quote is about international finance.
>Not social unrest.
This is a contradiction. You said social unrest is caused by financial collapse. International finance in a globally integrated economy like Argentina then necessarily becomes a piece of the financial collapse that causes unrest.
Re:Bank of America just lost all Zelle transfers, for many c...
by JumpCrisscross on Wednesday January 18, 2023 @09:03PM
(#34435861)
Can’t tell if you’re trolling at this point, but it’s not a contradiction, and you’ve ignored the numerous counterfactuals more applicable to America.
Re:Bank of America just lost all Zelle transfers, for many c...
by notch656c on Wednesday January 18, 2023 @10:11PM
(#34436276)
Lol while we're going with the troll accusation (yeah I realize you said "trolling" not "troll" but it's just a back-door to the ad-hominem attack), I'd like to point out the person refusing the relation of the banking measures which came immediately before the riots (and even have a wikipedia page which describes the subsequent anger and violence) as somehow being not a cause of the unrest, is a self described ex "investment banker." Who'd of guessed it.
This jumps the rhetorical shark. Nobody said they’re unrelated. Just that the unrest is a response to the collapse. It would have occurred if the government seized dollars or not. The dollar seizure was a response to the collapse.