Posted on 02/16/2024 8:37:55 PM PST by SeekAndFind
Weekends and holidays are the perfect time to catch people off guard…
Like a street thug committing a mugging, capital controls blindside most people—otherwise, they wouldn’t be effective.
The government declares a surprise bank holiday and shuts all the banks—mere hours after they denied they were even thinking about such actions.
They impose capital controls to stop citizens from taking their money out of the country.
Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports and border crossings.
At this point, your money is like a lobster in a trap. It doesn’t require much imagination to see what comes next.
Once a desperate government has your money within its reach, it’ll find a way to take as much of it as possible.
Don’t be surprised if your local currency suffers a massive devaluation, bank deposits are suddenly worth a fraction of what they were just yesterday, or the government imposes an emergency tax.
Whatever the method or pretext, the outcome is always the same: a wealth transfer from you to the government.
This familiar story has played out in many countries in recent years. The pattern is clear and should surprise no one the next time it happens.
It’s all but certain governments in financial trouble will turn to capital controls as a desperate, misguided solution—with devastating consequences for ordinary people.
Argentina, Lebanon, Venezuela, Iceland, Greece, Cyprus, Turkey, Russia, Ukraine, China, India, South Korea, and governments in countless other countries have recently imposed capital.
The lesson from these examples is capital controls can happen anywhere and anytime.
Although it seems unthinkable to most, there is an excellent chance capital controls are coming to the US—they’ve happened before and could happen again soon.
Remember, in 1933, through Executive Order 6102, President Roosevelt forced Americans to exchange their gold for US dollars under penalty of 10 years in prison and a $10,000 fine (or more than $235,000 in today’s debased confetti).
Of course, the official government gold exchange rate was unfavorable. It amounted to around a 41% confiscation of purchasing power.
The US government continued prohibiting private ownership of gold bullion for 42 years until they reluctantly allowed the plebs to own it again in 1975.
So, there is a clear historical precedent for implementing capital controls in the US, especially during a crisis.
Today, it’s self-evident the fiat currency system centered on the US dollar is crumbling at an alarming rate.
It’s been over 50 years since Nixon ushered in the fiat currency system by severing the dollar’s last link to gold in 1971.
The fiat currency system is long past the end of its shelf-life, like a carton of spoiled milk.
Even the global elites running the system can see that and openly talk about what they want to come next.
That’s why there’s all this talk about a “Great Reset,”… and without a doubt, capital controls will be part of it.
All it would take is a crisis—real or contrived—or some other pretext and the stroke of the president’s pen on a new executive order.
Expect it to happen.
Capital controls are government restrictions on how people can use their money—something that should be abhorrent to anyone who believes in property rights and a free society.
Here’s how capital controls work…
Governments might allow people to buy foreign currency (or gold) only at an “official” rate that they set, which is always less favorable than the free-market rate. The difference between the fake official rate and the real free-market rate amounts to a wealth transfer to the government.
Another form of capital controls is steep taxes on international money transfers or purchasing foreign assets.
Governments could also flat-out prohibit ownership of foreign assets or moving any form of wealth outside the country.
No matter what flavor they come in, capital controls always help a government trap money within its borders so it’s easier for them to take.
A propaganda campaign is also necessary to gaslight people into believing such actions are required to protect the average person.
Expect politicians to make disingenuous claims to make them appear as saviors instead of aggressors.
The mainstream media will amplify this false narrative and demonize those opposed to capital controls as disloyal citizens or worse.
Capital controls are always a prelude to something worse.
That’s because once governments trap money inside a country, it’s probably only a matter of hours before there is wealth confiscation. Anything they don’t steal immediately, they box in for future thefts.
That’s why you must act BEFORE they impose capital controls.
How much time do you have?
While it’s impossible to know, acting well in advance is advisable. It’s better to be a year early than even a minute late.
However, there is one common feature I’ve noticed when countries impose capital controls that indicates the situation is imminent. It’s like someone waving a big fat red flag.
That warning sign is a government official denying that they are considering imposing capital controls.
Whenever you hear a central banker or politician say something won’t happen, you can almost be sure it will happen. And probably soon.
Coming from a bureaucrat, the real meaning of “no, of course not” is “it could happen tomorrow.”
It’s like the old saying: “Believe nothing until it has been officially denied.”
These deceptions have a purpose: Politicians and central bankers must surprise the public to get the desired results.
When you hear the official denial, you probably have only a matter of hours before they impose capital controls. Urgent action is required.
The solution is simple.
Place some of your savings outside your home country so it’s not trapped when the government imposes capital controls. It will be waiting for you safely on the other side.
Below are four ways you can do that.
First, obtain a foreign bank account. Capital controls imposed in your home country are unlikely to affect a bank account in another country.
Second, real estate in a foreign country is an excellent way to store significant capital abroad. Your home government won’t be able to seize it without a literal act of war.
Third, there’s Bitcoin, which enables anyone to send and receive value worldwide without relying on any third party.
Fourth, another solution is physical gold bullion coins held in a non-bank vault in a wealth-friendly foreign jurisdiction.
However, it’s crucial to emphasize that you should NOT put gold in a bank’s safe deposit box. They will be among the first targets if and when governments decide to declare a bank holiday and confiscate private wealth.
Holding the physical gold bullion in your own possession or a private non-bank vault in a wealth-friendly jurisdiction like Singapore, Switzerland, or the Cayman Islands is a good idea. (More on this below).
The current dollar-based monetary system is on its way out. Even the central bankers running the system can see that.
They are preparing for what comes next as they attempt to “reset” the system. It’s a virtual certainty they will impose capital controls.
I suspect it could all go down soon… and it won’t be pretty for most people.
We are likely on the cusp of a historic financial earthquake…
One that could alter the direction of the US forever and mark the biggest economic event of our lifetimes.
Yet few people are aware of what is happening.
And even fewer know how to prepare.
Bitcoin. Gotta remember that it has a public ledger of every transaction.
Gold. It can be outlawed again, and will be tough to trade for cash and probably illegal to carry across a border.
Foreign property. Subject to the whims of the other country.
Lots of risk in any choice.
Precisely the moment the majority of Americans turn against the government at all levels and massive bloodshed erupts in every corner of the country.
Then it gets very interesting.
It’s not going to matter as the world becomes a one-world government under fascism.
Indeed.
666 will soon be making his appearance.
First nobody in this day and age is going to turn in their gold. If you haven’t hoarded cash away by now well......
In 1933 A lot of people didn’t turn in their gold.
yes ... that's why I'm looking forward to capital controls.
Making my own decisions is hard. So many options.
An then what if I am wrong.
If only my choices were limited to one .... like a government savings bond, life would be so simple.
Let's let the EXPERTS guide us ... and the life long professional bureaucrats protect us.
We could all be equal ... we could all be the same ...
We could all own nothing ...we could all be happy
Forget gold, buy lead, in all calibers. It will be easier to exchange 15 rounds for a gallon of gas than a Krugerrand, and less costly.
I’v been hearing that for years ... so
I have some of all kinds..
beach lead
deep water lead
trolling lead
river lead
fresh water deep lake lead
shallow shoals lead
brim shot lead
and so much more .....
I think I'll buy a pole soon.
... and maybe a tackle box ...
Isn’t this a buy or invest in this or that - whatever they are selling - scare scam?
It’s the cycle of precious metal currencies:First, gold is taxed and it all ends up in the hands of government. Next the silver gets taxed and collected until it ends up in the hands of the government. Then copper, zinc, nickel. Finally we get to lead, the currency of last resort which goes to the government and makes all the other metals go back out to start the cycle over.
TPTB will all proclaim, “ I knew we should have got the guns first”.
If I was younger I would learn a critical skill, such as HVAC repair, and obtain the tools for that trade. A little investment in that direction could help greatly during troubled times.
Also, they may not confiscate silver, which may be more practical for day-to-day exchanges.
In the worst case people will trade in IOUs, but you must have something to trade. Antibacterial ointment might become worth its weight in gold, and under those circumstances ammo would become a currency.
The screws are tightening 🪛🪛🪛
😇😇😇
Revelation 14:9-12
King James Version
9 And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand,
10 The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb:
11 And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name.
12 Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus.
https://www.biblegateway.com/passage/?search=Revelation+14%3A9-12&version=KJV
Revelation 20:4
King James Version
4 And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years.
https://www.biblegateway.com/passage/?search=Revelation+20%3A4&version=KJV
Titled... ?
Don't leave us hangin', man!
Regards,
Ammunition
Won't happen. Will you do it? I wouldn't. There's no fight left in Americans. The amount of pain required to get people to take notice is so exceptionally high that even the government wouldn't go that far. They know they can "boil the frog," they've been doing it for years, and eventually we'll all wake up on the other side of a dictatorship without even realizing it happened.
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