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Posts Tagged ‘Capital Controls’

The War On Cash: Why Now? What Does It Mean?

A war on cash means, governments are limiting the use of cash & a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are restricting the amount of cash that can be withdrawn from banks & limiting what can be purchased with cash. Who ultimately benefits by this war on cash? Government & central banks – pure and simple.

Gold Price Weaker on Greek Bailout Despite Strong Physical Demand

Once again, investors remain perplexed about the price action of gold, especially after Greece defaulted on its debt owed to the IMF & imposed bank closures & capital controls amid its debt crisis. But, it is unlikely that the price of gold will remain suppressed for too long as global demand for gold remains strong despite the recent price dip in U.S. dollar terms.

Greece Preparing "Alternative Currency", Kathimerini Says

It now appears increasingly likely that Greece will be forced to return to the drachma currency or will at least be compelled to issue some manner of scrip in the face of an acute cash shortage and a worsening credit crunch which together threaten to leave government employees in the lurch and cut off the flow of imported goods.

Gold Is A Necessary Insurance Against Dysfunctional Governments

It seems that there is a very clear purpose for governments wanting to create a cashless society and that is, once they have your money in the system, it belongs to them. In order to protect your funds against this shameless act, put some of it into gold and silver. Gold and silver bullion coins and bars are traditional diversification tools.

Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion

European investors are increasing purchases of gold & customers globally added 1.4 metric tons of gold to their account, the biggest increase since 2012. More people want their gold stored in Switzerland, a country that isn’t in the European Union. But despite this demand, gold prices are gettiung hammered after an initial spike.

The War On Cash: Officially Sanctioned Theft

Why are governments suddenly declaring war on cash, the oldest officially issued form of money? Governments say – Physical cash has the potential to evade both taxes. The real Reason: Physical cash can evade officially sanctioned theft via bail-ins and negative interest rates. In short, physical cash is extremely difficult for governments to steal.

Government Control of Currency A Good Reason To Hold Physical Gold and Silver

Governments want total control of your money & if they need your money they won’t hesitate to steal it from your account. Average savers can no longer rely on the state to protect their deposits. This is a good reason for depositors to allocate some of their funds to physical gold and silver stored outside of the banking system.

At The End Of The Road - Greece Prepares For Default, FT Reports

A default would almost certainly lead to the suspension of emergency ECB liquidity assistance for the Greek financial sector, the closure of Greek banks, capital controls & wider economic instability. Unfortunately for Greece, the default threat has been used, abused & denied so many times, nobody cares, or believes it will be used.

Capital Controls, Confiscation of Savings - What to Expect Further

The Capital Controls evidence is overwhelming and has already alarmed most investors; our greatest risk is not a bad investment but our political exposure. And yet most of these same investors do not see any need to stash bullion outside their home countries. They view international diversification as an extreme move.

An Invaluable Lesson for U.S. Citizens from the Bank Confiscation in Cyprus

When countries, central banks, and commercial banks accumulate too much debt, and specifically too much debt relative to assets, you can be certain there is trouble ahead in the system. The U.S. government’s financial statements show net equity (ALL assets minus liabilities) of MINUS $16.9 trillion.

More Leading Economists Call For Capital Controls

Historically, capital controls have been used in ‘desperate times’ – Too much of debt, deficit spending, trade deficit or wars. The simple idea behind capital controls: Create barriers to restrict the free flow of capital. And if you’re on the receiving end, capital controls can be enormously destructive.

14 Key Questions on Gold, Money and Markets for 2014

Gold and silver have protected purchasing power and assets for 5,000 years. In this twilight period of the current debt based monetary system it seems likely gold and silver will increasingly be necessary for protection of purchasing power and assets. Are you prepared?

India Seems To Be Sliding From Bad To Worse

India’s Sensex stock market is down 11% in the last 3 weeks to 11 month-lows, Rupee at an all-time record low of 63 / US dollar and bond market has imploded from a 7.1% yield in May for the 10 Year to 9.25%

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