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Author Topic: "Capital Controls" - Compulsory Savings and Mandated Non-Liquidity  (Read 1064 times)

AZRedhawk44

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"Capital Controls" - Compulsory Savings and Mandated Non-Liquidity
« on: October 12, 2012, 12:00:59 PM »
http://www.sovereignman.com/expat/is-the-imf-now-recommending-capital-controls-8975/

IMF recommending to Spain that it should prohibit citizens from extracting money from Spanish banks and depositing into banks in more stable countries (Switzerland, Andorra, etc).

http://lewrockwell.com/williams-w/w-williams141.html

Walter Williams postulating how deficit-spending States in the US might affect a similar control, using the 10th amendment to abridge personal liberty.


Me:  Money is safest when "the bastards" can't find it.
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"But whether the Constitution really be one thing, or another, this much is certain - that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist."
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longeyes

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Re: "Capital Controls" - Compulsory Savings and Mandated Non-Liquidity
« Reply #1 on: October 12, 2012, 12:45:26 PM »
Inevitable, wouldn't you say, baked into the cake?

What good is a worthless currency you can escape from?  It's not about the money, it's about the control.
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