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A comment on Bank of America just lost all Zelle transfers, for many customers. Parent comment

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.

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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

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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.
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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.

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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.
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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.
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