European Capital Controls in the Wings? [General] - MarketTicker Forums


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User Info	European Capital Controls in the Wings? in forum [General]
Avianphlu Posts: 4127 Incept: 2008-12-03 Ulster NY	http://www.zerohedge.com/contributed/201.... snip and will it come here to the US? No, the move to create border controls is about one thing only: stopping people from fleeing with their money when the collapse comes. The political elite in Europe are watching the bank runs in Spain and Greece and know that when the big Crash comes similar runs will occur throughout the EU. 2012-06-06 07:20:53 Permalink
Gen_maximus57 Posts: 4585 Incept: 2007-09-03 Tampa	So, what you gonna do with your dollars anyhow? Buy some Euros? 2012-06-06 10:59:05 Permalink
Arpwatch Posts: 3091 Incept: 2009-11-06	Euro trip! 2012-06-06 11:14:55 Permalink
Peterm99 Posts: 5180 Incept: 2009-03-21 SoCal	Don't we already have all the elements in place to actually institute capital controls in the US whenever the gov't so desires? Currently, they restrict the amount (over 10k, I believe) we can take out of the country without reporting, IRS requires us to disclose any foreign financial accounts we may have, they've got all sorts of agreements for other countries to disclose Americans' accounts to the IRS, they've made it prohibitively expensive to expatriate with our assets intact, probably lots of other stuff for individuals and businesses as well that I'm not aware of. ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed 2012-06-06 12:47:24 Permalink
Bozonian Posts: 19963 Incept: 2007-09-01 Saratoga Springs, New York	That would coincide with this: If The Man can get his hands on your money, he will. Make sure he cannot. ---------- The most expensive thing you can have is a closed mind. -- Geoffrey Filburt Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. 2012-06-06 12:52:08 Permalink
Jstanley01 Posts: 8282 Incept: 2008-07-30 San Antonio, Texas	T'would be the Smoot-Hawley of the Greater Depression. ---------- You can't cheat an honest man. ~P.T. Barnum 2012-06-06 13:42:49 Permalink