Greek Capital Controls Lessons Learned

Dear ferfal here is a link to the observations o fmine on the subect.
http://greekpreparedness.blogspot.gr/2015/07/greek-capital-controls-lessons-learned.html

-Greekman

Thanks Greekman. This very much confirms what we’ve been observing and commenting in previous posts regarding cash being king, the problem with importations and how invaluable a bank account abroad can be in times like these.
I’ve also read that many Greeks are using Bitcoin to get around the restrictions.
Digital Dodge: Some Greeks Using Bitcoin to Evade Currency Controls
This could be yet another tool in the tool box, both to avoid the problems with closed banks as well as keeping savings in a different denomination. This advice may be particularly useful for people using weaker currencies or those concerned with fiat currencies in general and looking to diversify for greater security.
FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.

 


Comments

Greek Capital Controls Lessons Learned — 1 Comment

  1. Thanks for posting this…

    I am kinda sceptical on the Bitcoin usability in the particluar situation. It is OK if one took care beforehand uping his account and used it for off-country purchases, but as a reserve currency Bitcoin should be monitor for price/exhange fluctuations. In that regard the Euro is better suited. But that is an opinion

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