Saturday, April 6, 2013

Capital controls having been gaining steam since 2007

That's when I closed the Goldmoney account.  What the US government did back then was akin to capital controls.

Capital controls will equal less trade.  The "Great Recession" started in 2007.  See a connection?  Trade has decreased since 2007, has it not?

The Great Depression got worse when the governments of that time began to restrict trade.  Capital controls are just history repeating itself.

When politicians and central bankers get into trouble, capital controls will find its way onto the docket.  It's that way in Cyprus now, it was that way in America in 2007 onward.  It's going to get worse because they aren't solving any problems.  They're just making the existing ones harder to see.


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