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On Capital Controls
Submitted by Simon Black of Sovereign Man
It starts: the government’s plan to steal your money
There are consequences to being flat broke.
There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency.
There are consequences for ignoring reality and pretending that everything is normal.
This is one of them: European officials yesterday flat out admitted that they were discussing rolling out a series of harsh capital controls across the continent, including bank withdrawal limits and closing down Europe’s borderless Schengen area.
Some of these measures have already been implemented sporadically; customers of Italian bank BNI, for example, were all frozen out of their accounts starting May 31st upon the recommendation and approval of Italy’s bank regulator. No ATM withdrawls, no bill payments, nothing. Just locked out overnight.
In Greece, the government has taken to simply pulling funds directly out of its citizens’ bank accounts; anyone suspected of being a tax cheat (with a very loose interpretation in the sole discretion of the government) is being releived of their funds without so much as administrative notification.
It’s no wonder why, according to the Greek daily paper Kathimerini, over $125 million per day is fleeing the Greek banking system.
European political leaders aim to put a tourniquet on this wound in the worst possible way.
So what are capital controls?
Simply, capital controls are policies which restrict the free flow of capital into, out of, through, and within a nation’s borders. They can take a variety of forms, including:
- Setting a fixed amount for bank withdrawals, or suspending them altogether
- Forcing citizens or banks to hold government debt
- Curtailing or suspending international bank transfers
- Curtailing or suspending foreign exchange transactions
- Criminalizing the purchase and ownership of precious metals
- Fixing an official exchange rate and criminalizing market-based transactions
Establishing capital controls is one of the worst forms of theft that a government can impose. It traps people’s hard earned savings and their future income within a nation’s borders.
This trapped pool of capital allows the government to transfer wealth from the people to their own coffers through excessive taxation or rampant inflation… both of which soon follow.
The thing about capital controls is that they’re like airine baggage fees; ultimately, all governments want to do it, they’re just waiting on the first guy to impose them so that they can shrug their shoulders, stick it to the people, and blame ‘industry standards’.
Moreover, capital controls were a normal part of the global economic landscape for most of the 20th century, right up to the 1970s. It’s been a long time coming for governments to return to that model.
Since the inception of this letter, it has been a constant theme for us to talk about the increasing threat of capital controls. Your money, your savings, your livelihood are all under attack by insolvent governments, and it’s critical to take steps to reduce your exposure.
When European financial leaders all openly admit that they’re making plans to establish continent-wide capital controls, it really begs the question– what additional warning sign does one need?
The dominos have already started falling. Iceland. Ireland. Greece. Spain. Portugal. Italy. Cyprus. Soon even France and the rest of Europe. And it will come to the United States as well. There are over 15 trillion reasons why.
So what are the most critical steps to take now?
1) Buy precious metals and store in a secure jurisdiction.
Holding gold and silver overseas is a great way to (a) ensure your savings is protected against inflation, and (b) ensure that your precious metals cannot be confiscated in the event that gold ownership is criminalized in your home country.
I strongly recommend Singapore, Hong Kong, and Abu Dhabi as three potential safe jurisdictions for your gold and silver.
2) Open a foreign bank account.
For funds that need to be maintained within the financial system (as opposed to precious metals), make sure you have a safe home for your money abroad in a safe, well-capitalized bank.
3) Have a place to go overseas
Economic turmoil brought on by governments stealing people’s savings generally goes not bode well for social stability. If things get hairy, you’ll want to have a place to wait it out. And you don’t want to be deciding on the location while you’re packing your bags.
As an example, I’ve picked up an 1100-acre farm in central Chile that won’t skip a beat when the financial system implodes. The sovereign debt bubble does not affect whether or not my trees will bear fruit or my vegetables will grow.
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Your Central Planners know best.
Move along....
You, Sir, are advocating economic terrorism.
Get used to that phrase. Notice how the officials making the statement were clear that this would not be done for economic reasons, but rather for national security and citizen safety reasons.
You know... You gold bugs are terrorizing currencies = our national security. You're either with us, or you're against us.
"Money power denounces, as public enemies, all who question its methods or throw light upon its crimes." - Jennings Bryan
The ultimate capital control will be to turn your imbedded chip off.
Your Central Planners know best.
Move along....
___________________________
They have built 'America'
They've built America - stacking card on card... And now the wind is freshing up.
Dalek "BLUE PILL ALERT, BLUE PILL ALERT"
i think you will eventually see a different type of 'capital controls'. I suspect that futures trading of things like oil and corn will be limited to producers and real hedgers (e.g airlines or food processors). And currency trading will be restricted to those who actually take delivery of the currency. This is in the cards. It will certainly dampen liquidity but will also (in the long run) dampen the pure 'finance' side of our economies. Look for at least a partial start to these rules within a year
That would hurt the pigmen. Don't see that happening.
agree
+1
Or instead of confiscating gold - they put a 50% tax on any sales other than to the government. You should also consider which countries will basically collude and extradite financial information. If the US is doing this, you can bet assure they'll have all of the EU doing the same at the same time.
Wait until the ATM's get ripped out of the walls.. LOL!!
Good luck with the cap controls!
Would not suggest that.
Made the original prototypes for NCR.
If you get it out of the wall,the cash incinerates as a failsafe.
Proof? I've seen news reports over the years of ATM wall yanking and none of them said anything about incineration.
I think they modified it later on to;
out the wall and opened.
The ones I worked on were the very first ATM's back in the 70's.
That had a mercury switch.
I'm sure the feature is still in there.The bank just returns the metal
strips in the money to the CB and gets refunded.See what happens if
you try it.
nowadays they use ink that soakes the paper to make it almost illegible.
Good luck paying with them.
Dye packs probably make more sense. thanks for replying to all
http://www.wmbfnews.com/story/18740265/atm-stolen-from-bank-off-highway-...
Lot's of people talkin this down. What's up with that? Maybe the banks want a monopoly on robbing?
That is correct. Just make sure you stockpile cucumbers as high as the sky. Also, do not under any circumstance share it with the government nor the locals, for it is the American way.
1) Steal underpants
2) ?
3) Profit
Excellent stuff.
OT - how can you confirm if a stock is in the HFT Tractor beam?
ZNGA is moving sideways with higher than average volume, with movements of $0.01 at a time it seems.
Where do you get 25 ms stock charts from?
follow https://twitter.com/#!/BadAlgo for fun HFT algo news
Can't up tick you PI.. so, +1 thx..
Check out CLWR.
Yes the govt is going to steal our money. hell they are going to limit how much you can withdrawl in the eu soon.
http://govtslaves.info/eu-could-limit-withdrawals-from-cash-machines-if-greek-exit-tips-eurozone-into-deeper-crisis/
Indentured servants shouldn't feel any need to own money.
Hold PM's outside your home country...........easier said than done
Yea, I feel safe with my gold 5000 miles away
Ruffian says........keep your PM's close !!!
Yeah as a citizen of Dog Breath, Michigan, I've just flown to Singapore and back to deposit my 5 Eagles outside USG jurisDICKtion
http://dollarcollapse.com/gold/where-you-hide-it/
Yup. My metals are within reach on short notice. I am sure I can find a way to move them across a border if I have to.
might need a couple just to bribe those border guards
Keister the rest!
The first line from that link reads: "Deciding to buy physical gold or silver is a no-brainer."
I believe the author just called most of the people I know, or ever met for that matter, brainless. How could he have known?
Do both and more!
+1
Always take delivery! !! Fuck, just take delivery!! If you can't hold it you don't own it!!
THEN YOU DON'T F'IN OWN IT! RRRRRRRRRAGHHHHHHHHHHHHHHHHHHHHH!
...and your enemies closer, huh?
Send them to me! I'll give you a paper that says they're yours!
I agree with you ruffian, Simon Black sounds like Karl Marx,
good analysis but wrong conclusions and horrible calls for action. Save jurisdictions, foreign bank accounts, odd city states that years ago announced full cooperation with OECD
demands on so called money laundering... so much 90`s and
a parody of what to do now : back to your tribe and make
sure everything and everyone dear is close.
It's coming everywhere.
WTF, Black. Yeah sure so many of us can PU an 1100-acre farm in Chile for shitsake like it's buying a donut 2 ride this out.
I live in Arkansas
Does Oklahoma qualify as a foreign territory?
Thank God for Mississippi ... eh?
Yes
shit, arkansas damn near qualifies as a foreign country itself
Yeah Simon, tell us where your farm is and we'll all move in with you when the shit hits the fan. 1100 acres, you'll hardly know we are there.
Can you get a double-wide in Chile?
Well at least until the Chilean Gov't confiscates it.
Black likes to frequently remind us in his posts that he is more well off than us. He is the guy who tweets "Fuck, I crashed my Range Rover so Im stuck driving the Mercedes to the golf course today."
It most likely boils down to an issue with penis size.
Well, you know, once you go Black you never go back.
Perhaps Black is the inspiration for the "Most interesting man in the world" Dos Equis beer commercials.
At museums, he’s allowed to touch the art. . . . Sharks have a week dedicated to him. . . . He once had an awkward moment, just to see how it feels. . . . The police often question him, just because they find him interesting. . . . . His small talk has altered foreign policy. . . . Even his enemies list him as their emergency contact
Seizing PMs in the US might be a problem... at least in Texas.
"Seizing PMs in the US might be a problem... at least in Texas."
Seizing PMs in the US will be a problem... especially in Texas.
Fixed!
Remember what Hirohito said lies behind every blade of grass in America!!!
Betty Grable?
An illegal alien gardener?
Remember what Hirohito said lies behind every blade of grass in America!!!
The Gov of Indiana just signed a bill that its legal to shoot police, if they try and enter without a warrant or just cause.
Folks are getting fed up.
You sure about that, DZ? I ask because of a recent ruling by the Indiana Supreme Court saying people have NO right to resist ILLEGAL police entry.
http://www.nwitimes.com/news/local/govt-and-politics/article_ec169697-a1...
EDITED TO ADD: Hey, you're right!!! Nice to see some good news on the liberty front.
http://www.courierpress.com/news/2012/mar/21/no-headline---ev_barnes/
That was Yamamoto, not Hirohito.
"Come And Take It" - Texan for "Molon Labe"
""Come And Take It" - Texan for "Molon Labe""
All Y'all Come And Take It" - True Texan for "Molon Labe"
Fixed!
I'm Texan. Trust me, my version is correct. It's what's on the flag in question.
Texas history, bitchez :)
Well, pardner, ya didn't say nuttin' 'bout our first battle flag at Gonzales. Course, they didn't have all that much room on the flag for "All y'all". :)
Was fixin' to get around to that.
His handle says it all! Anyone one around here know what a post turtle is? I laughed when I read it because I assume it reflect some reality of his actual profession.
Regards,
Cooter
The old rancher said, "Well, ya know, Obama is a 'post turtle'."
Not being familiar with the term, the doctor asked him what a 'post turtle' was. The old rancher said, "When you're driving down a country road and you come across a fence post with a turtle balanced on top, that's a 'post turtle'."
The old rancher saw a puzzled look on the doctor's face, so he continued to explain.
"You know he didn't get up there by himself, he doesn't belong up there, he doesn't know what to do while he is up there, and you just wonder what kind of a dumb @ss put him up there in the first place!"
"1) Buy precious metals and store in a secure jurisdiction.
Holding gold and silver overseas is a great way to (a) ensure your savings is protected against inflation, and (b) ensure that your precious metals cannot be confiscated in the event that gold ownership is criminalized in your home country.
I strongly recommend Singapore, Hong Kong, and Abu Dhabi as three potential safe jurisdictions for your gold and silver."
Riiiiiiiiiiiiiiiiiiight.
Yeah. I especially like the suggestion, Abu Dhabi. The last time I checked, dhimmi have NO legal rights in Islamic countries.
I suspect dhimmitude is directly proportional to your net worth and/or political clout.
Abu Dhabi? You must be fucking insane
What about teh Isle of Man? Or Switzerland?
Would anyone consider those safe places to store gold?
yap but only in vaults of private banks, Reichmuth, Bär, Rothschild, etc or as an exception the Kantonalbanken, banks of the various cantons. However make sure how high the insurance coverage on your litlle vault is, mostly it is way to low.
Ou can book a flight via ZRH and deposit it at the airport, however only UBS and Credit Suisse. Then again the vault treasures do not belong to the debtholders of UBS nor CS.
If you are a US citizen, no chance to open anything in Switzerland, then rather rent a f24h accessible reezer box in Switz and store it in there.
There are some private companies that store it for you in the mountains. not sure if that,s a safe proposition. do your own reapsearch.
guernsey, Jersey is another option for US citizens
is he implying we can't trust the swiss?
People controls are just as easy as capital controls. Good luck getting to your farm in Chile when you can't board a plane. It's also hard to pay for extended ground/sea travel and Mexican bribes because your gold is in some vault in Abu Dhabi.
Yeah, watch for this guy 2 be stuck on a NJ turnpike when the SHTF reporting from his cell on his next move.
TSA: Oh you're Simon Black, sure come right on through!
No TSA when you fly private on a G5
Chartered flights are for smugglers and will be recognized as such. Remember, your seat can also act as a floatation device.
lmao
There is a "slight logistical issue" as well...which is why Bank Nationalizations must pre-cede any move towards re-establishing not just capital but border controls as well. Right now there are a multitude of "war departments" on Wall Street war gaming this now very real scenario with the goal of maximizing advantage for themselves and their clients. When your clients are "Exxon Mobil" and "IBM" and "Boeing" there is much to be and IS BEING done. Since leverage given the Fed's zero bound policy is theoretically unlimited there is a lot of "more than mere assets" that can be had...basically "for free." again "do not short this thing." the amount of firepower the Pentagon can toss in here must now be included in every and all financial analysis as well.
Not how it was in the UK .
We had capital controls right up until Thatcher I think.
You could export capital,but had to pay the 'dollar premium'.
In effect a devaluation without an official devaluation.
Doesnt really matter,the Govt is coming for any money the banks haven't
alreasy stolen
I do not suggest keeping PM's in any bank anywhere.
If you can't see it and protect it yourself,it will be Corzined for sure.
We shall never surrender! (the precious)
France had capital controls, when? ... in the 70's? Anyhow, I knew this French guy who bought sailboats, sailed to the BVI and sold them. Voila!
I hope i am far gone before i hear the speech by Obama on how capital controls are patriotic
'patriotic' was rather the talk of a pOr - a pre-Obama rascal. Hang 'em all, family and siblings included.
I hope i am far gone before i hear the speech by Obama on how capital controls are patriotic
I PRAY HE is far gone before the idiot gets the chance.
People get controlled at the borders all the time, thanks TSA thugs & Cons. Why should capital, which is to serve the people, travel more freely?!?
One word: Bitcoin.
So they will set up some form of EMP device that targets thumb drives and other storage devices!
Or, sorry sir it is a matter of national security that NO computer devices of any sort, leave the country!
Or they throw the internet kill switch!
Bitcoins are great in a world with eletricity..oh and other people actually using them.
Yes, well, for now we still have electricity, so Bitcoin remains the perfect solution to evade capital controls.
Write your private key on a piece of paper, laminate paper, eat. Then poop your wealth out at your destination. Or memorize it if you're not into picking through your fæces.
You can move a billion dollars this way if you want to. Just 64 hex digits is all you need to transmit.
Like gold, Bitcoin does not require people willing to trade goods directly for it to serve as portable store of value. All you need is an exchange to convert it back to the local currency at your destination.
There are quite a few exchanges now, in several countries. https://en.bitcoin.it/wiki/Trade
BitCon
Capital control, another name for bank holiday?
selling Bitcoins for food stamps ..guns ..etc :)
Good Lord sovereign man. I am glad you have the luxury of traveling the globe, opening bank accounts where ever you choose, and buying property in any nation you find safety (until it strikes there too). But most of us are of modest means and apart from the precious metals recommendation, I might as well be reading Teen Vogue.
Yeah, no shit. I'm lucky to have two-months living expenses in the bank (credit union, actually). Even with no debt to speak of, times are pretty tight for a lot of us.
To be fair, and like every business, Black has a natural clientel, and they are mostly relatively well-off. It isn't realistic to expect him to be giving advice to those who have very little free capital, as how could they rationalize spending hundreds to become "insider" or premium subscribers?
Re. times are pretty tight for a lot of us.
yeah well ... I have no money in the bank and have to grow my own stuff just to survive. We don't have to play if we don't want to.
http://www.youtube.com/watch?v=93S_l0qZrXA
Unfortunately, what led to the 2008 crisis was the near-absence of capital controls, leading to over a quadrillion dollars in unregulated derivatives.
plus the absence of (real) capital.
Legal tender laws are one of the most restrictive capitol controls. It is government regulation which gives a monopoly on money creation and distribution to the banks. Without that ability and the government guarantee of bail outs for the TBTF entities 2008 would never have happened. In other words, it's the regulators fault.
monopoly on money creation and distribution is an invitation to corruption
To my knowledge SwissQuote bank still accepts accounts of US Persons:
swissquote.ch.
While Swissquote can't allow US persons who have trading accounts to directly purchase securities that are not available to citizens of the "land of the previously free", the account can be used to send/receive funds to GoldMoney and thereby facilitate the holding of allocated gold and silver.
Sounds like a sure means of obtaining abrogated gold.
Go ahead. Deposit all your stash in any of the 3 places and see what happens when things get real ugly across the world. China owns HK and China will own YOUR gold right with it. Singapore can be overrun by Malaysians in minutes and Singapore wouldn't have anything to defend itself. Abu Dhabi is allowed to exist at the mercy of the current pro-Western regime. When America falters and Pax Americana falters with it, then all bets are off in the ME and YOUR gold will belong to whomever can loot that "safe jurisdiction" fastest. How would you even get there? Commercial flights will be non-existent for the most part. Do you have a fully tanked private jet on standby? Good luck getting a permission to land anywhere during absolute pandemonium and chaos.
EPIC FAIL
You live in Chile. Why don't you recommend storing gold there? Not as safe as you thought perhaps?
When the shit hits the fan, there is no "safe" jurisdiction anywhere and least of all in a place where you are guaranteed to stick out like a sore thumb and don't understand the local language and culture.
Best to stay at home, right where you are. Get to know your neighbors really well and build trusting relationships. Store your metals within a gas tanks reach from your house in a remote area that cannot be found by anyone else unless they have your GPS coordinates.
Use your brains, folks. Don't fall for folklore.
In US citizenism, the group is all.
In Chicom Citizenism, roadside shitting (and online trolling) is all.
What nut case coined "U.S. citizenism"? Do people who use it actually think it means something?
Sheeh!
seriously
who thought of that?
Friend, you got to work a bit on your phantasy. There's always some dhow sailing towards Stambul, and from there you can easily join a friendly carawane to the holy land of Mecca. Relax a bit in the oasis with the twenty seven virgins there, and later in the week join another camel train towards Abu Wats'ere Lev't.
Better you choose a good looking camel!
walküre - I agree, especially about Abu Dhabi, but know this walküre, when you begin your post with italics, you disable the up/down arrow widget.
Thanks.
I wonder if Chile's making other SHTF plans for Black he's not aware of yet.
I'm going to argue another way. Capital controls are essential. Without capital controls the people with all the capital control world. Today, billionaires move their capital willy-nilly to the lowest common denominator states i.e. usually the most lawless states. Capital controls are firewalls that prevent manipulation and destruction of nations by firestorms of social Darwinism overseas. If you like George Soros a lot then you really don't want capital controls. Like all firewalls they prevent contagion from one area from spreading to the next. Witness Europe today. Had there been reasonable controls they wouldn't be where they are today.
This is not to say that capital controls can't be used excessively by governments. Like all laws, they need to be used sparingly and without malice.
Agree, see my comment a couple of posts below.
Right. The government always looks out for the little guy. Regulations are not written and enforced by the powerful people with their own agendas. Government is for the good of the people and always acts in a just and fair manner.
don't worry about him and his appeals to authority...
Whats yours is mine and whats mine is mine!
This author is your typical US citizen entrepreneur. He is in good position to herd the flow of US citizens who will want to rebuild 'America' elsewhere.
Haven't you ground your anti-American axe right down to the handle by now?
akak asked:
No, he axe intacting now is still, but have to going through lead-fortified Chinese citizenism grinding wheels now of several dozen completely consumption thereof diligently.
Him using axe of dullness being. It matching with French Indo-Chinese Antarctic citizenism wit exhibiting of him commentationariness.
Akak and 4th-Stooge. As a friend, I recommend ... Give it a rest. You're both wasting your talent.
It takes its fingers off the keyboard or else it gets the hose again.
Forcing citizens or banks to hold government debt
Pretty much that's your only option w/ FRNs
Consensus wisdom prior to the financial crisis was that capital controls (via exchange controls, transaction taxes etc) should not be used. The Asian crisis of 1997-1998 however, did give some support to introducing capital controls in times of financial crisis, with stabilisation as a result. By the time of the Icelandic meltdown in 2008, the IMF actively endorsed capital controls to manage the situation, and in February 2010 was fully supporting the use of capital controls as a regular policy tool.
The removal of capital controls post dismantling of Bretton Woods led to higher volatility economically and more crises everywhere. Freedom of capital to charge around unchecked exacerbates boom bust, and subsequent crisis. If you're trying to stabilise an economy or region after a debt binge, and subsequent deflationary hangover, then don't let the capital 'aspirin' disappear at the crucial moment.
Now bring on the red arrows.
Gave you a green one just to mess with your head.
Excellent. We have an individual in the house.
The best capital control is Constitutional gold and silver, with some Mint Act 1792 copper...
http://silversenator2012.blogspot.com/
I always thought the best place to keep your money was in your pocket, and if someone tries to take your money, punch 'em in the face. The only capital control there is called self-discipline. The last I checked, I was getting a 'unsatisfactory.'
I am currently controlling over 6 figures of capital on my property. Wanna see? Come and get it
Europeans buying Bitcoins !!!
http://www.bitcoinmoney.com/post/24829207943/euro-trading-growth
I hear all real estate held by foreign nationals just got vaporized by the Chilean government.
I hear all real estate held by foreign nationals just got vaporized by the Chilean government.
Barbaric Relics 1 Fiat 0
Seriously?
I used to frown at those who advocated the, "Hold a passport for one country, Be a resident in another, and keep your assets in a third" chaps who post regularly on ZH. I always thanked them for their advice of course, but didn't think it was a good strategy for someone like me who likes to do things nice and legal with no shades of impropriety. I mean, who does that sort of thing unless they deal in illicit businesses? But I guess they had it right all along.
I almost got it right. I'm Spanish, I'm resident in Italy and I just bought a house in Portugal! Oh dear.
Easy there Tyler! I'm still sifting through, " subordination".
I live in Colombia......but I think its wrong to think you are "safe" by moving to a foreign country...the host country will be just as pissed when they lose money...sales...income...jobs... when the markets collapse...they will blame you...and you will become a target to get their money back....you better have a good game going...or you might be safer in Detroit...at least you know who your enemy is there....
Maybe we are past the window of prepare-by-moving? The time to get into the local scene before the reset may no longer exist.
this would be the perfect moment for some inane RobotTrader post. ;)
There is nothing to fear but fear itself.
Trust in God and keep your powder dry. And your gold in a safe place.
You've obviously never met my mother-in-law.
Touche!
No border controls of illegals leads to illegal capital controls...
http://silversenator2012.blogspot.com/
I respectfully disagree (STRONGLY DISAGREE) that travelling/relocating to a foreign country is advisable - Singapore, HK, & Dhabi are all small places that don't necessarily like Americans. They don't allow citizens to posses firearms or any means to protect themselves, and their banking laws can change overnight, as well as foreigners owning property. So what the H*LL are you thinking about giving this kind of advice - there is no place as good as the USA (& I don't mean L.A. or N.Y.), even when things fall apart. In all those other places there will not be an armed cadre of like minded Americans around you like you'll find in places like Oklahoma or Texas. If you are a non-citizen or foreign born citizen and you have contacts or roots overseas maybe you are entitled to a different perspective, but NTL, when the SH*T happens, it is unlikely that there will be a safe place - anywhere.....
Hey Banjo - Can you still get busted for smoking weed in the Lone Star State?
Open a foreign bank account? Not as easy as it once was thanks to FATCA.
http://www.thedailycrux.com/Article/40251/Banks
Only Constitutional gold and silver are free money, plus a little Mint Act of 1792 copper...
http://silversenator2012.blogspot.com/
Many of the critics on this thread make the dubious assumption that everything will fall apart at once, and at warp speed. Not only is that highly unlikely, but it is entirely possible that the U.S. could place capital controls that initially restrict the buying and selling of PMs within the country, while those with outside holdings may well have time to take delivery, relocate, and/or sell their PMs that are stored in certain countries abroad (I'd probably opt for a vault in Switzerland).
Tyler Durden,
I appreciate being able to read this article, but am dismayed that ZH still does not have a category tag for the term "capital controls." See this:
http://www.zerohedge.com/category/tags/capital-controls
Am I missing something??
-- Paul D. Bain
paulbain@pobox.com