{"id":426615,"date":"2024-02-14T19:20:02","date_gmt":"2024-02-15T00:20:02","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=426615"},"modified":"2024-02-14T00:28:57","modified_gmt":"2024-02-14T05:28:57","slug":"the-1-warning-sign-capital-controls-are-coming-soon-and-4-ways-to-beat-them","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2024\/02\/the-1-warning-sign-capital-controls-are-coming-soon-and-4-ways-to-beat-them\/","title":{"rendered":"The #1 Warning Sign Capital Controls Are Coming Soon and 4 Ways To Beat Them"},"content":{"rendered":"

by Chris Menahan, Information Liberation<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

Weekends and holidays are the perfect time to catch people off guard\u2026<\/p>\n

Like a street thug committing a mugging, capital controls blindside most people\u2014otherwise, they wouldn\u2019t be effective.<\/p>\n

The government declares a surprise bank holiday and shuts all the banks\u2014mere hours after they denied they were even thinking about such actions.<\/p>\n

They impose capital controls to stop citizens from taking their money out of the country.<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports and border crossings.<\/p>\n

At this point, your money is like a lobster in a trap. It doesn\u2019t require much imagination to see what comes next.<\/p>\n

Once a desperate government has your money within its reach, it\u2019ll find a way to take as much of it as possible.<\/p>\n

Don\u2019t be surprised if your local currency suffers a massive devaluation, bank deposits are suddenly worth a fraction of what they were just yesterday, or the government imposes an emergency tax.<\/p>\n

Whatever the method or pretext, the outcome is always the same: a wealth transfer from you to the government.<\/p>\n

This familiar story has played out in many countries in recent years. The pattern is clear and should surprise no one the next time it happens.<\/p>\n

It\u2019s all but certain governments in financial trouble will turn to capital controls as a desperate, misguided solution\u2014with devastating consequences for ordinary people.<\/p>\n

Argentina, Lebanon, Venezuela, Iceland, Greece, Cyprus, Turkey, Russia, Ukraine, China, India, South Korea, and governments in countless other countries have recently imposed capital.<\/p>\n

The lesson from these examples is capital controls can happen anywhere and anytime.<\/p>\n

Although it seems unthinkable to most, there is an excellent chance capital controls are coming to the US\u2014they\u2019ve happened before and could happen again soon.<\/p>\n

Remember, in 1933, through Executive Order 6102, President Roosevelt forced Americans to exchange their gold for US dollars under penalty of 10 years in prison and a $10,000 fine (or more than $235,000 in today\u2019s debased confetti).<\/p>\n

Of course, the official government gold exchange rate was unfavorable. It amounted to around a 41% confiscation of purchasing power.<\/p>\n

The US government continued prohibiting private ownership of gold bullion for 42 years until they reluctantly allowed the plebs to own it again in 1975.<\/p>\n

So, there is a clear historical precedent for implementing capital controls in the US, especially during a crisis.<\/p>\n

Today, it\u2019s self-evident the fiat currency system centered on the US dollar is crumbling at an alarming rate.<\/p>\n

It\u2019s been over 50 years since Nixon ushered in the fiat currency system by severing the dollar\u2019s last link to gold in 1971.<\/p>\n

The fiat currency system is long past the end of its shelf-life, like a carton of spoiled milk.<\/p>\n

Even the global elites running the system can see that and openly talk about what they want to come next.<\/p>\n

That\u2019s why there\u2019s all this talk about a \u201cGreat Reset,\u201d\u2026 and without a doubt, capital controls will be part of it.<\/p>\n

All it would take is a crisis\u2014real or contrived\u2014or some other pretext and the stroke of the president\u2019s pen on a new executive order.<\/p>\n

Expect it to happen.<\/p>\n

Why and How Governments Impose Capital Controls<\/h2>\n

Capital controls are government restrictions on how people can use their money\u2014something that should be abhorrent to anyone who believes in property rights and a free society.<\/p>\n

Here\u2019s how capital controls work\u2026<\/p>\n

Governments might allow people to buy foreign currency (or gold) only at an \u201cofficial\u201d rate that they set, which is always less favorable than the free-market rate. The difference between the fake official rate and the real free-market rate amounts to a wealth transfer to the government.<\/p>\n

Another form of capital controls is steep taxes on international money transfers or purchasing foreign assets.<\/p>\n

Governments could also flat-out prohibit ownership of foreign assets or moving any form of wealth outside the country.<\/p>\n

No matter what flavor they come in, capital controls always help a government trap money within its borders so it\u2019s easier for them to take.<\/p>\n

A propaganda campaign is also necessary to gaslight people into believing such actions are required to protect the average person.<\/p>\n

Expect politicians to make disingenuous claims to make them appear as saviors instead of aggressors.<\/p>\n

The mainstream media will amplify this false narrative and demonize those opposed to capital controls as disloyal citizens or worse.<\/p>\n

What Happens After Capital Controls<\/h2>\n

Capital controls are always a prelude to something worse.<\/p>\n

That\u2019s because once governments trap money inside a country, it\u2019s probably only a matter of hours before there is wealth confiscation. Anything they don\u2019t steal immediately, they box in for future thefts.<\/p>\n

Read More @ InformationLiberation.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

by Chris Menahan, Information Liberation: Weekends and holidays are the perfect time to catch people off guard\u2026 Like a street thug committing a mugging, capital controls blindside most people\u2014otherwise, they wouldn\u2019t be effective. The government declares a surprise bank holiday and shuts all the banks\u2014mere hours after they denied they were even thinking about such […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153989,154020,153896,153899,126466],"tags":[173560],"_links":{"self":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/426615"}],"collection":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/comments?post=426615"}],"version-history":[{"count":2,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/426615\/revisions"}],"predecessor-version":[{"id":426617,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/426615\/revisions\/426617"}],"wp:attachment":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/media?parent=426615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/categories?post=426615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/tags?post=426615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}