“Is it really so far-fetched to think politicians wouldn’t somehow restrict the movement of gold if their currencies and/or economies were failing? Transferring dollars internationally would certainly be tightly restricted as well. Moving almost any asset across borders could be declared illegal. Even your movement outside your country could come under increased scrutiny and restriction. The hint that all this is about to take place would be when politicians publicly declare they would do no such a thing. You could quite literally have 24 hours to make a move. Even the most nimble of us would have a very hard time making arrangements.”
http://www.caseyresearch.com/cdd/two-chess-moves-away-capital-controls
Related posts:
The Tragic Failure of Ken Burns’ “The Vietnam War”
Why Snowden's Passport Matters
Five Reasons Washington Should Leave Bitcoin Alone
Senior Italian parliament economist on Ludwig von Mises and the current economic crisis
Liberty: A Muslim-American Perspective
An Armed People in Mexico and Their Threat to the State
Thoughts Have Consequences
How a Pacifist Accidentally Infused the FBI with Cash
The Magic of Monetary Figures
Bill Bonner: What I'm Doing With My Money Now
"The Biggest Growth Opportunity in the History of Capitalism"
Japan's Debt Problem Visualized
John Hussman: On the Completion of the Current Market Cycle and Beyond
Detlev Schlichter: ‘Positive Money’ and the fallacy of the need for a state money producer
Our Huge, Stinking Mountain of Debt: Student Loans