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Must Read: Fed Employees rollout a bold idea to trap the entire countr


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Must Read: Fed Employees rollout a bold idea to trap the entire country’s wealth

 

Free market economists are not going to be happy about this…

A major financial news source just published shocking details about a research report by two employees at the Federal Reserve Bank. The 36-page report applauds the use of “capital controls” in global markets.

If you’re unfamiliar with the term “capital controls,” it’s probably because we tend to avoid them in the United States in favor of a free market economy.

Capital controls are simply laws that regulate and restrict what you are allowed to do with your money by regulating the flow of cash in and out of a national economy. The laws define such things as where you can invest your cash and how you can allocate your assets.

If you take a look around the globe, you’ll see several recent example—almost always from countries experiencing a currency crisis:

  • In Cyprus…some citizens cannot withdraw or write checks for more than €300 per day from their own accounts. These controls were put in place after the Greek debt crisis of 2012 and are set to continue until year-end.
  • In Iceland…capital controls imposed in 2008 have blockaded offshore investors from selling $7.2 billion in assets.
  • In Argentina…citizens must pay an extra tax on vacations abroad.
  • In the Ukraine…recent tensions sparked a series of capital controls. Ukrainians must wait six working days before making any type of foreign currency purchases. In addition, they cannot exchange more than the equivalent of $5,800 USD within a given time period.

 

You might be wondering… how are these draconian laws “a useful tool for managing financial stability” as the recent Fed paper says?

Well, the Fed research claims that capital controls would protect the U.S. dollar from the effects of rapid cash movements…

Of course, the only countries that are worried about capital controls are those deeply worried about a currency crisis.

According to Steve Hanke, a professor of applied economics at Johns Hopkins University in Baltimore, “Capital controls signal that a country is very worried about preserving its foreign exchange….That means bad things are in the wind.”

SEE ALSO: Is your state as broke as these places?

For more than 50 years, Americans have never really thought twice about the value of our currency.

But times are rapidly changing. And most Americans don’t realize that the greatest weapon in our nation’s arsenal is not our military might or our education system, but the simple fact that the U.S. dollar is the world’s “reserve

currency.” As such, our money forms the basis of the global financial system. And banks around the world hold our dollars in reserve against their loans.

That’s why, for the past few decades, we have been able to print and borrow trillions of dollars, with no real negative impact.

We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money.

But this exorbitant privilege could soon expire, because many of the most powerful countries around the world (including China and Russia) are looking for a new world reserve currency.

And when the U.S. dollar is no longer the world’s reserve currency… when we can no longer print money and borrow absurd sums without consequence– we are in trouble.

One financial guru, Porter Stansberry, believes this currency collapse in America is actually going to happen much sooner thanmost people think. He says that’s how currency collapses happen… gradually… slowly… then all of a sudden. And Mr. Stansberry has an uncanny track record of predicting some of the biggest moves in the economy over the past decade. In 2006 he announced GM would go bankrupt and in 2007 he predicted Fannie Mae and Freddie Mac would also soon go bankrupt. Both of his predictions came to fruition.

WATCH: Learn more from Porter Stansberry, here.

Now Stansberry says the next big collapse could be America’s currency. And even though most Americans think this could never happen… not here…Stansberry believes new laws set to go in place on July 1st 2014 will dramatically accelerate this process.

What is this law that was secretly passed by the Obama Administration… and how will it affect you, your money, and the U.S. dollar?

Stansberry and his Baltimore-based research team have put together a free slide presentation that explains everything you need to know. Get the facts and protect yourself here.

 

http://lifeandinvestments.com/must-read-fed-employees-rollout-a-bold-idea-to-trap-the-entire-countrys-wealth/?utm_source=taboola&utm_medium=referral

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Wow!!! Didnt see TH A T coming!!!!!

 

 

I mean...when you constantly devalue your own currency, WHY would anyone else want it???? Gee batman. Lets borrow our way to solvency!!!!

 

Damn but libs are incredibly stupid

The Fed, IMF, World bank, and central banks are not run by libs.

 

They are run by the Bilderberger monies elite....who are not libs, they are greedy crooks!

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The collapse of the dollar will happen sooner or later.

 

And be replaced by a new currency.

 

But, you must realize, that all these nations hold HUGE amounts of dollars, and they would also suffer a huge loss if the dollar goes down. So the transition to a new currency is already being planned, and easing the pain will be foremost.

 

The next economic collapse will have Cypress type money confiscation on your bank accounts. Keep your money LIQUID, as in hard assets like physical gold, silver that you can hide and hold, food, ammo, guns and land.

 

Gold will skyrocket up to $ 10,000 an ounce, with a dollar collapse! So stockpile gold & silver and platinum metals! Keep an eye out on Central banks hoarding and buying gold. That will be the tipoff its coming!

 

I think China and Saudi Arabia will major players in the transition.


"What Obama and I Learned at Columbia: How to Destroy America From Within"

 

 

 

http://www.theblaze.com/contributions/what-obama-and-i-learned-at-columbia-how-to-destroy-america-from-within/

 

The Blaze, Glenn Becks gold sales platform, ripping off the buyers!

 

Gold Bugs create fear and panic. Buy gold elsewhere!

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Does that make cons incredibly arrogant? Anyone who disagrees with a con does so from a lack of intelligence and not because of a different set of values. Yeah that sounds smart.

Yep that's number one on their attack machine. idiots,morons,tiny brains,stupid. They just pick one and stick it on the end of their arrogant comments.

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We already have capital controls. I'm sure you know that the Fed only allows six withdrawals from a standard savings account per month, well, that's capital controls. It's not extreme, but it's certainly not new here.

 

I'm curious to see the absurd controls our dear leaders will come up with when the flood of overseas dollars comes crashing to our shore.

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