Capital Controls and Other Mischief

I wrote in a previous blog that the government would be coming for our 401Ks and IRAs and now that appears to be happening. That's going to hurt a lot of people, but even more thefts of our money are on the horizon.

This stuff isn't hard to predict once one awakens from the State-induced slumber. Official government policy appears to be loot everything in the shortest possible time, so in addition to grabbing retirement accounts, they will do lots of other nasty stuff. For example, we will be required to pay higher taxes (sales tax, value-added tax, financial transaction taxes, “global-warming" taxes, etc.) The tried-and-true technique of hyperinflation will be used to extract money from us through stealth (as if one can't tell!). Eventually, there will be a currency devaluation where over a weekend--or a "banking holiday"--the currency will be declared to be worth one half or less of its current value.

Capital Controls Coming
Traveling outside of the U.S. we have met a lot of people who are very aware of the things I've described and it is refreshing for us to be able to talk openly about topics that get a negative or defensive reaction from mainstream Americans. And while it is good to meet people who are awake and are moving themselves and their assets to friendlier jurisdictions, their growing numbers will create a defensive reaction on the part of the U.S. government: it will pass laws to prevent money from leaving the country. These are called “capital” or “foreign exchange” controls (and they are usually imposed before a currency devaluation.)

What Can One Do?
Here are some ideas:
Open a Goldmoney account
Get out of the U.S. (or the U.K., etc.) and travel around, perhaps acquire residency status somewhere and think about acquiring another passport
Open a foreign bank account
Buy foreign real estate

Longer term:
Never, ever again vote for a Republican or Democrat. That system is being used to enslave us.
Pay no more taxes than what are legally required (losthorizons.com).
Boycott multinational corporations, especially Wall Street banks.

Remember that taking these steps will be characterized as “unpatriotic”, so be ready for that. The U.S. is basically at the same point right now as Nazi Germany in 1933, and Americans' sloppy sentimentality for their country isn't just a frustration; it may well turn quite dangerous for those who question it. You should hurry.