And suddenly overnight...............from Rico

Financial "panic" can (and will) happen suddenly overnight.

Belarus is having an inflation panic.
- Suddenly.
- Overnight.

Bank run. People.
- The people are scrambling to save their savings by turning now-worthless BYR (belarus rubles) into physical assets, emptying bank accounts first and then store shelves.

Capital controls. Government.
- The government is also scrambling blocking online stores and websites, halting FX trading, and announcing a 30% tax on foreign currency purchases.

No plan?
- Neither the people nor the government apparently had a "plan" for this event, but not to 'worry'...neither does the FED, ECB, or BOJ.

Plan in one hand, or HOPE in the other.
- The prudent mariner would be better served by having a "plan" for the day after, and not trusting in the government to save them. And no, HOPE is not a plan..........