“For the United States and other debt-addicted countries, years of profligate spending have more or less sealed their economic fates. With the stage set, further encroachments of privacy are practically guaranteed. Faced with economic uncertainty, governments will search for new ways to plunder the productive members of society. These may include capital controls, more onerous regulations, or wealth confiscation, either explicitly or by way of the printing press. The developing NSA story along with the crisis in Cyprus prove that desperate governments will stop at nothing to prevent their house of cards from collapsing, no matter how futile.”
Related posts:
Driver’s Taxes and Other Money-Grabbing Schemes Throughout History
Know your rights, read the Constitution
Doug Casey Refutes Common Hesitations to Internationalize
I Wish My Job Didn't Exist
Bitcoin is a Startup
The FBI: An American Cheka
Doug Casey on Orwell's Nightmare – the Darker Side of Modern Technology
A Great Handicap of Economies Run by Political Authorities
An Inflection Point for US Global Hegemony?
How To Lose a War Before Even Starting It
The hustlers and parasites who make up Washington's establishment
Doug Casey on ISIS, Gold, Oil, and What to Expect in 2015
Robert P. Murphy: Market for Security
The enduring mystery of U.S. offshore cash
Admit It. You Just Want Your Own Dictator