⌛ $ Acct vs Peso Acct Conundrum

I wouldn't put all my eggs in one basket. Personally, I still have BOA in the states where my pension goes and my daughter's SSI goes into BOA in the states. I write a check from my BOA account and deposit it here, it takes 25 days for them to credit it to my account here, so that first month is really tough. I have USD acct here in BPI, where my Social Security gets deposited and we withrdraw $$, take to the exchange at the mall (they usually have the best exchange rates IMHO), however, if I don't want to mess with doing the withdrawal/exchange/deposit thing, I can do online transfer between the accounts, but the bank exchange rate is usually a bit lower. We haven't had any problems with the banks, except like was mentioned earlier, the slow processing....we also have a peso account at a rural bank, but we don't have much there, but I have no complaints with them at all, they just can't do $$, only pesos.

 

History Will Never Fail You

Just to name two, Argentina and most of Europe . Hyper-Inflation is a run away train . It will kill any economy and take its currency down the drain with it . I dont even know what 1 trillion is let alone 14 or 16 or whatever it is by now . The USA is holding on by a tiny thread and its just a matter of time . Problem is , the good O'l USA has got its greasy hands in way too many countries and , unlike Argentina , when it goes I have a feeling too many other unsuspecting countries may find some big trouble as well . Very sad state of affairs right now . Greed and corruption prevails again . I think fertile soil may be your best bet .