Warning Signs That Capital Cpntrols are Coming Soon

sunny225
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Posts: 3,233

Warning Signs That Capital Cpntrols are Coming Soon Sept 18, 2023 3:22:38 GMT Ozarks Tom, wildhorseluvr, and 1 more like this

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Post by sunny225 on Sept 18, 2023 3:22:38 GMT

www.zerohedge.com/crypto/1-warning-sign-capital-controls-are-coming-soon-and-4-ways-beat-them

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 savings are like a lobster in a trap. It’s not hard to see what comes next…

more at the link

Last Edit: Sept 18, 2023 3:23:16 GMT by sunny225

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Ozarks Tom
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Warning Signs That Capital Cpntrols are Coming Soon Sept 18, 2023 15:42:25 GMT sawmilljim, paisley2, and 2 more like this

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Post by Ozarks Tom on Sept 18, 2023 15:42:25 GMT

My guess has always been a hedge fund/big bank somewhere there's less oversight taking down the derivative market. It nearly happened a couple years ago when a hedge fund in Singapore defaulted to Goldman-Sachs and Citi Bank. Took them for billions overnight.

But yeah, it'll happen with no warning. Maybe a denial, but I doubt it, it's something that'll happen so quickly, probably over a week-end, that by the time news of a collapse somewhere the freeze notice is already written.

The only major fault I saw in the article was the recommendation of using Bitcoin as a safe haven. If there's a money freeze there's no reason to expect the Bitcoin system won't be shut down just like the banks. Just a few keystrokes from DC/CIA and it's frozen also.

The recommendation of having bank accounts and real estate in a foreign country works great from a millionaire, but us poor schlubs with a few thousand here or there aren't likely to be able to do that. My recommendation is to start or redouble prepping, have PM's physically under your control, and enough small bills on hand to cover immediate needs.

Oh, and expect chaos throughout the country when EBT/SNAP no longer functions, or is greatly reduced. Maybe beside those PM's some lead might be in order.

Flannigan's Law: Murphy Was An Optimist

Show me a rich politician, and I'll show you a crook. - Harry Truman

"The trouble with our Liberal friends is not that they're ignorant; it's just that they know so much that isn't so." - Ronald Reagan

sunny225 Senior Member Plus Posts: 3,233	Warning Signs That Capital Cpntrols are Coming Soon Sept 18, 2023 18:42:14 GMT Ozarks Tom, wildhorseluvr, and 3 more like this Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by sunny225 on Sept 18, 2023 18:42:14 GMT Yep, I don't trust bitcoin either. After thinking about it, there's not much I DO trust out there.
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