This exact scenario could happen in USA. Already the FED has the power.
Greece crisis deepens as banks close for a week after weekend that shook euro
On Monday morning Greeks will find their savings blocked and their banks closed for a week following a fateful weekend that has shaken Europe’s single currency. The Greek government decided on Sunday night it had no option but to close the nation’s banks the following day after the European Central Bank (ECB) raised the stakes by freezing the liquidity lifeline that has kept them afloat during a six-month run on deposits. The Athens Stock Exchange will not reopen on Monday either. The dramatic move, after 48 hours of sensational developments in Greece’s long-running battles with creditors, was sparked by the ... (full story)