I've heard them too. My poor grandpa's savings overnight dissapeared as a currency (soviet ruble) in a inexistent  institution (he stored them in post...). Then there was MMM, 2 months obligations in russia, and other scam shit. In moldova a billion buccs swinged away from 4 banks 10 years ago. Also some insane amount of monis, like half trillion of rubles got washed from russia into other states.

drlh

bitcoin

How much financial education did you get growing up?

stack_harder

i think spending wisely is good advice and so is never trusting the banks, especially now.

in the West, we never experienced those things in recent times you you just grow up on blind trust.

i spent over a decade in russia from the mid 00s and heard a ton of stories from people that got wiped out in the 90s, 98 default and more. that stuff causes generational trauma. 