by Tekoa Da Silva, Bull Market Thinking:
I had the chance yesterday to speak with Fernando Aguirre, author of a book entitled, “Surviving The Economic Collapse“, based on his first-hand experience of the 2001 economic collapse in Argentina. It was a powerful interview as Fernando and his family lived through one of the more extreme financial crises of Argentina’s modern history.
Part of what he experienced was a full banking-system shutdown cycle, a dramatic currency write-down, and the witnessing of human desperation that always follows. All of which he explained, is happening again in Cyprus, which may be, “the guinea-pig experiment” for the rest of the European Union.
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