Dear Greece, Take Your Money Out of the Bank NOW

What's the best thing to do with your savings or checking account in a Greek bank?

Take it out of the bank, go to Switzerland or Germany, and stick your Euros in one of their banks. And if possible, don't go back to Greece because it will be riddled with riots, cuts in social services -- pretty much everything that will make life in Greece miserable.

When Greece gets kicked out of the Euro, EU, Eurozone, or whatever it's called that enables it to use the Euro, Greece will do what Argentina did to its people -- screw them. It will do this by declaring a bank holiday, converting all accounts denominated in Euros into Drachmas, and before the banks reopen, the Drachma will have devalued vs. the Euro, USD, AUD, etc. by 30-40%.

Here's Citi's research on budget deficits of countries that experienced banking crises:

Government debt as a % of GDP:

Exchange rate depreciation 1 month, 3 months, 1 year, and 3 years after the crises:

Ok, so it looks like you're all well on your way. Now, Spain. Follow their lead.

Source: http://www.businessinsider.com/this-is-what-happens-if-greece-exits-the-euro-2012-5
Source: http://willembuiter.com/grexit.pdf
Source: http://twitter.com/EdConwaySky/statuses/203105940503924736