According to Wikipedia, “Capital Controls” are defined as such…
Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that governments use to regulate flows from capital markets into and out of the country’s capital account. These measures may be economy-wide, sector-specific (usually the financial sector), or industry specific (for example, “strategic” industries). They may apply to all flows, or may differentiate by type or duration of the flow (debt, equity, direct investment; short-term vs. medium- and long-term.)
In other words, the tools of desperate governments; terrified of the “capital flight” that could implode a nation’s currency…
This is what textbook capital controls look like
Such government fear occurs when it knows its financial position is untenable; as is the case today in nearly ALL Western nations. Sadly, the END RESULT of fiat currency systems is ALWAYS the same…
Research shows ALL Paper Money Systems Failed
…and after 41 years of history’s most insane MONEY PRINTING experiment; the GLOBAL banking system is on that precipice…
Nixon ends Bretton Woods International Monetary System – August 15, 1971
I cannot emphasize enough that this is not a question of when; as it is happening NOW, in all corners of the Earth. If this spring’s Cyprus debacle hasn’t gotten the point across, I’m not sure what will…
Cyprus to keep capital controls through summer tourist season
Perhaps you think Cyprus is not a “first-world” country; although most Europeans would beg to differ. If so, how about India – as discussed in “INDIAN IMPLOSION”…
India Central Bank Prohibits Sales of Gold Coins – June 6, 2013
…France…
France prohibits Sending Currency, “Coins and Precious Metals” by Mail – June 7, 2013
…Switzerland…
Swiss Capital Controls escalate as Credit Suisse sets negative CHF deposit rates
…Germany…
European Central Bank considers Negative Interest Rates
…and the “Home of the Free” itself…
“FATCA – ANOTHER REASON TO OWN REAL MONEY”
If there was EVER a 100% correlation between ANYTHING; it’s between deteriorating political, economic, and social conditions and capital controls. There’s a good reason Jim Sinclair is traveling the globe to impart his message of PROTECTION…
GOTS – Get out of the System – Jim Sinclair
…as he knows better than most, that “CAPITAL CONTROLS, HERE WE COME”…