Marty's Bent

Issue #641: The capital controls get tighter

Do you have control?

2 min read
Issue #641: The capital controls get tighter
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Here's something that took me by surprise earlier this week; German citizens rushing to gold dealers and lining up around the block to anonymously acquire gold for cash before the limits for doing so are lowered by 80% in the new year. If you've been paying attention over the course of 2019, capital controls have been getting more and more severe across the world. Whether it's Argentina, Venezuela, China, Hong Kong, Zimbabwe, or even the U S of A, the powers that be are clamping down on the ability of the common man to have agency over his own life. To exercise the natural right of financial sovereignty and privacy.

One must ask, "Why is the State and its banking apparatus doing this? Why do they want this much control over individuals' lives?" And in this specific case, "Why do they want to track gold ownership so closely for such small amounts?" The answer is provided by our good friend Giacomo while talking about bitcoin exchanges that force KYC/AML on their users:

These are all moves that are made in preparation for future confiscation. This will be made even more possible if apathy rules the day. If people lay down and let the kleptocrats who run the central banking and political institutions run over them again as they have time and time and time and time and time and time and time again throughout history. The tools exist to break free from the cycle and leave these kleptocrats behind. My biggest fear is that the collective confidence and will power needed to realize this and build a new reality completely separated from these systems won't be there. Too many people are unable to think for themselves.


It's your life...

Do you really have control? Or are you passively wandering through a labyrinth designed to make you act in certain ways?


Final thought...

Feels like a big movie afternoon.

Enjoy your weekend, freaks.

News and analysis, not financial, investment, legal, or tax advice. Figures and quotes are verified against primary sources where possible. See our editorial and financial disclosures.

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