Quote:
Originally posted by ethan
What happens when they go bankrupt?
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When a country goes bust, the pain is felt on very deep levels. The most basic systems and institutions that people have come to depend on simply disappear. Power companies stop operating, the police stopped working, gas stations close, grocery stores run out of food, postal workers stop delivering mail, retirement checks stopped coming, and banks close their doors with bankers fleeing the country, taking people’s life savings with them.
This is what happened in Argentina in 1999.
The unemployment rate soars
Agriculture is affect.
It's like when a person goes bankrupt.
http://www.wfs.org/blogs/thomas-frey...es-go-bankrupt