The carnage always comes by surprise… weekends and holidays are the perfect time to catch people off guard.
The government declares a surprise bank holiday and shuts all the banks—mere hours after they denied they were even thinking about such actions.
Capital controls are imposed to stop citizens from taking their money out of the country.
Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports and border crossings.
At this point, your money is trapped. The government is free to help itself to as much of it as it wants, like an all-you-can-steal buffet.
The currency suffers a massive devaluation, and bank deposits are suddenly worth a fraction of what they were just yesterday.
This familiar story has played out in many countries in recent years. The pattern is clear and should surprise no one the next time it happens.
It’s all but certain governments in financial trouble will turn to capital controls as a desperate, misguided solution—with devastating consequences for ordinary people.
Argentina, Lebanon, Venezuela, Iceland, Greece, Cyprus, Turkey, Russia, Ukraine, China, India, South Korea, and governments in countless other countries have imposed capital in recent times.
The lesson from these examples is capital controls can happen anywhere and anytime.
Although it seems unthinkable to most, there is an excellent chance capital controls are coming to the US—they’ve happened before and could happen again soon.
Remember, in 1933, through Executive Order 6102, President Roosevelt forced Americans to exchange their gold for US dollars under penalty of 10 years in prison and a $10,000 fine (or more than $235,000 in today’s debased confetti).
Of course, the official government gold exchange rate was unfavorable. It amounted to around a 41% confiscation of purchasing power.
The US government continued to prohibit private ownership of gold bullion for 41 years until it was legalized in 1974.
So, there is a clear historical precedent for implementing capital controls in the US, especially during a crisis.
Today, it’s self-evident the fiat currency system centered on the US dollar is self-destructing at an alarming rate.
After more than 50 years, it’s long past the end of its shelf-life, like a carton of spoiled milk.
Even the global elites running the system can see that and are openly talking about what they’d like to see come next.
That’s why there’s all this talk about a Great Reset… and without a doubt, capital controls will be part of it.
All it would take is a crisis—real or contrived—or some other pretext and the stroke of the president’s pen on a new executive order.
Why and How Governments Impose Capital Controls
Capital controls are government decrees restricting how people can use the money of their choice—something that should be abhorrent to anyone who believes in property rights and a free society.
Here’s how capital controls work…
Governments might allow people to buy foreign currency (or gold) only at an “official” rate that they set, which is always less favorable than the free-market rate. The difference between the fake official rate and the real free-market rate amounts to a wealth transfer to the government.
Another form of capital controls is steep taxes on international money transfers or purchasing foreign assets.
Governments could also flat-out prohibit ownership of foreign assets or moving any form of wealth outside the country.
No matter what flavor they come in, capital controls always help a government trap money within its borders so it’s easier for them to take.
Governments always make disingenuous claims that capital controls are needed for stability and to protect the average person, among other nonsense that attempts to make them appear as the savior instead of the aggressor.
That’s why capital controls are often paired with a jingoistic media campaign to demonize anyone opposed to these repressive policies as disloyal citizens or worse.
Is there any doubt regime economists like Paul Krugman and other clowns in the media would cheer capital controls?
What Happens After Capital Controls
Capital controls are always a prelude to something worse.
That’s because once governments trap money inside a country, it’s probably only a matter of hours before there is wealth confiscation. Anything they don’t steal immediately, they box in for future thefts.
That’s why you must act before they impose capital controls. If you’re too late, you’ll be like a lobster that stumbled into a trap.
How much time do you have?
While it’s impossible to know, acting well in advance is advisable. It’s better to be a year early than even a minute late.
However, there is one common feature I’ve noticed when countries impose capital controls that indicates the situation is imminent. It’s like someone waving a big fat red flag.
That warning sign is a government official denying that they are considering imposing capital controls.
Whenever you hear a central banker or politician say something won’t happen, you can almost be sure it will happen. And probably soon.
Coming from a bureaucrat, the real meaning of “no, of course not” is “it could happen tomorrow.”
It’s like the old saying: “Believe nothing until it has been officially denied.”
These deceptions have a purpose: Politicians and central bankers must surprise the public to get the desired results.
When you hear the official denial, you probably have only a matter of hours before they impose capital controls. Urgent action is required.
Four Ways To Beat Capital Controls
The solution is simple.
Place some of your savings outside your home country so it’s not trapped when the government imposes capital controls. It will be waiting for you safely on the other side.
Below are four ways you can do that.
First, obtain a foreign bank account. Capital controls imposed in your home country are unlikely to affect a bank account in another country.
Second, real estate in a foreign country is an excellent way to store significant capital abroad. Your home government won’t be able to seize it without a literal act of war.
Third, another solution is physical gold bullion coins held in a non-bank vault in a friendly foreign jurisdiction.
Last, there is Bitcoin, which is like kryptonite to capital controls.
Bitcoin is the most portable asset in the world. It’s a digital bearer asset that can achieve final international settlement in 10 minutes for pennies.
Anyone with a smartphone can use Bitcoin to send and receive value anywhere in the world—capital controls be damned.
Going through airports and crossing borders with Bitcoin is much more practical than other forms of wealth.
If you hold Bitcoin on your phone, laptop, or flash drive, it can be accessible to border agents if they search you and you reveal your password. However, those things are much less conspicuous than gold or stacks of cash.
Further, many popular Bitcoin wallets use a 12-word phrase to recover your funds. If you memorize the 12-word phrase, you can potentially store billions of dollars worth of value just in your head with nothing else.
That’s why Bitcoin skyrockets in popularity in countries with capital controls.
Conclusion
The current dollar-based monetary system is on its way out. Even the central bankers running the system can see that.
So they are preparing for what comes next as they attempt to “reset” the system. It’s a virtual certainty they will impose capital controls.
I suspect it could all go down soon… and it’s not going to be pretty for most people.
We are likely on the cusp of a historic financial earthquake…
One that could alter the direction of the US forever and mark the biggest economic event of our lifetimes.
Yet few people are aware of what is happening.
And even fewer know how to prepare.
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These “solutions” might be great for the wealthy but they are not particularly useful for the average person. Who can afford to buy real estate in a foreign country when they’re struggling to feed their kids? And Foreign bank accounts are not a good idea when the great reset is GLOBAL. You’re probably better off buying hard goods you can barter. Or just digging a hole in your backyard and throwing some gold in it.
Exactly. Just hunker down for the parallel economy and hope you know how to hunt or are married into a hunting family.
And have a woodstove.
And a well.
Other than that, good luck.
Really really hard to eat bitcoin or get your bitcoin or use it when there’s no internet or power.
there is not enough wild animal life or wild forage to feed three hundred and thirty million people for any conceivable length of time. In short order all the game is gone. White tail deer and wild turkeys were completely hunted out of eastern Kansas in the 1930’s during the depression in short order with far, far less human population than now. The deer were not re-established until the late 1960’s and 1970’s, and turkeys 20 years after that.
Fish were also fished out during that same time period. Populations of some species were decimated by over fishing. Water foul populations were heavily impacted as well. My mother, a depression era young woman, showed us how to construct sparrow traps so they could harvest the breast meat. Stop this insanity now, it can get worse folks.
Sparrows “taste just like chicken”.
Side note, BB guns and pellet guns work well on sparrows as long as one has the “ammo”.
Did you watch any of those rat hunting vids I posted? One thing about rats I know from experience, it doesn’t take long to be over run by them. If you see one you can be sure there is 100s more (or 1000s). It really is hard to control them by physical means. I would also suggest stocking up on rat poison if you don’t think you would ever eat them, but you better be good and sure.
Big rats. Largest and definitely most scary were the Norwegian Roof Rats last I lived in Northern Tarrant County Texas Motor Speedway territory. Most folks have 6′ wooden privacy fencing in the hoods there making excellent runs for those scary things. They are flat ugly and nasty mean looking.
Rats scary? Their Just another small species trying to survive. A male Griz protecting his hunting grounds and mating territory is scary, especially if encountered with nothing more than a dick in your hand.
Those that remembered the whitetail deer depletion during great depression days in Parker County Texas are deceased yet exactly as they described. People along the Brazos River were SOL what had been a reliable wild game resource.
Well, my well requires electricity in order for the submersible pump to pressure the water lines serving the home. However , being the type well it is, I can lower #10 size can and draw water.
Well stocked on toilet paper, lesson learned, so ok on that. 🙂
What about soap? Gotta stay clean or you’ll get sick.
When I was learning the ins and outs of prepping I read a list of “essential” prepping items., some listing 100 or more items. I never stocked the entire lists. On the list of course is toilet paper and other “sanitary” items. Many prepping web sites would mention sanitation items. Reasons for stocking such included the SHTF scenario in which water and sewage systems would be inoperable thus increasing the number of nasty rodents in and around one’s home. Soap is an essential of course. Wash those hands and “hope” one has water reserves in order to do so. The lists would also recommend the hand sanitizing liquids yet soap is by far the number one go to.
Dude…as long as the foot valve on your submersible pump (or jet pump for that matter) is in proper working order, you can get water up from the well by raising and lowering the pump line. The foot valve will trap water in the line only allowing it out the top. Just have someone stand there with a bucket to catch it as you “hand pump” your well water.
you can & should have a hand pump that can be attached to the top of your wellhead in case power goes out 4 a long time —
I’d like to see a demonstration. Do you have a link?
Here is the type submersible pump I have:
https://redlionproducts.com/cleanwater/4-submersible-well-pumps/
I do have a whole house generator running on propane so no problem as long as there is propane and the pump or pressure tank do not fail. I replaced the pressure tank two years ago and the sub pump with built in check valve at top of the pump is original (14yrs) with a new one stored for future use (prepping). The well is a big hole type with a “doughnut” hole in a 2″ concrete cover at ground level basically with a 30″ depth x 30″ dia. concrete tile resting on that housing a 20gal pressure tank and plumbing. The top tile is covered by anther 2″ concrete cover 30″ in dia. The sub pump which is attached to 1″ black poly tubing and plumbed to the pressure tank with the bottom of the pump resting at about 75′. The well maintains 20-25″ of actual water depth. It’s not the easiest to lift the pump up and down as the pump itself has considerable weight especially when dealing with it down hole. I’ve raised it one time by hand about 1-2′ up from the original installed depth to resolve a slight cloudy water situation due to sand disturbance by the pump on the bottom of the big hole ( 30″ dia. concrete tiles). No issues with cloudy water since. I can lower a #10 size can down the hole if needed. A hand pump would not work at the depth of the water and while I’ve not been faced with the situation would probably prefer dealing with the can than raising and lowering the pump. I do have a friend in the business with a fancy device for replacing or raising or lowering a pump which makes for a better method than an awkward situation raising or lowering the pump by hand. I know folks that have old pumps resting at the bottom of their big hole wells trying to work them by hand only. No “worries”. I can retrieve water regardless.
Here is what I’ve found suggested when no electricity:
info & companies below in the link —
i know very little about them b/c i can’t have one since my well runs a trailer park & the hand pump is prohibited 4 me —
you are risking mucho $ by lifting that submersible yourself –technically it is pretty simple but if you drop it & it goes back down the casing wrong you can ruin your well-
around here it can run $8-10,000 to drill a new well–pay a wellman to do that —
https://www.google.com/search?q=hand+pump+that+mount+on+top+of+a+well+that+can+be+used+when+the+electricity+is+down&rlz=1C1CHBF_enUS775US775&oq=hand+pump+that+mount+on+top+of+a+well+that+can+be+used+when+the+electricity+is+down&aqs=chrome..69i57.53575j0j15&sourceid=chrome&ie=UTF-8
When I priced 4″cased wells here 14 years ago estimates ran from 14k-16k. Generally in the area cased wells are drilled 270-320′. Maybe because I was a newbie from the city and others took for granted I did not know a damned thing about living in the country and the fact there is no commercial source of water for my location like the crappy co-op water systems in some areas, the people giving estimates may have had some “gouging” in mind.
Thanks for the link. I’ll have to research possibilities of a hand pump that can be relied on for my particular well.
TPTB will always want a working internet to help control the sheeple. Except for some natural disaster, cell phones and computers will continue. People will hunt the countryside dry and bitcoin will be handier than gold or silver. peer tp peer in a cold wallet. better than any centralized system.
I read passages from a book that I cannot recall the title. Maybe TBP knows the book. It was written by a survivor of Sarajevo and was more or less a day by day diary. From the pages, the forests were completely silent and stripped of all wildlife in a month or two.
My grandfather who I hunted with never talked about a shortage of deer but I’ve seen trophy deer go from being a rarity to almost commonplace in my lifetime. Now deer are so common they are almost long-legged rats.
Also, Bitcoin became a thing because it was used by Chinese to get their $ out of the country without carrying anything. Buy bitcoin, fly to San Fran, sell bitcoin and buy real estate or other hard items. Bitcoin wasn’t meant to be an investment.
” It was written by a survivor of Sarajevo and was more or less a day by day diary.”
This dude?
https://www.theorganicprepper.com/selco-truth-violence-shtf/
I think maybe, yes. Thanks. If not the same book it looks similar enough that I’d like to read it.
Seriously? Bitcoin in an online wallet? You mean like FTX?
Here are some real options:
Brass and Lead – You can “trade” them for anything.
Consider buying a real sterling silver silverware set. One with a verifiable makers mark. Each piece will always be literally worth its weight in silver and it’s useful in the meantime (and hidden in plain sight).
Bags of Junk Silver
Fractional Oz gold coins
If you have to do BTX, do it in a cold wallet under your physical control.
Brass and lead will hold their value.
I’ll be givin’ that shit away like it was free…one round at a time. 3 per customer…2 chest, one head.
Seriously joking, talk like that has not resulted in a “red flag” placed on your property?
“take the guns first” Seriously, people “trust” the one that said this?
>>>Foreign bank accounts are not a good idea when the great reset is GLOBAL. You’re probably better off buying hard goods you can barter.
Basically agree. Still, for those who want to stash some cash outside the FUSA, one way to do so is to open an account with one of the “reputable” (cough. cough) Australian banks which will do so online, even for an American who is not resident there. The trick is that you have twelve months to physically show up in OZ, with your passport ID; showing up in OZ these days does require some sort of COVID vaccination I’m pretty sure.
FWIW, the specific banks I know will do the above are Westpac and ANZ.
I understand what the author of the article is saying. However, once
“invested” in foreign real estate or having moved one’s currency or whatever form of “wealth” one deems “wealth”, will one even be able to travel outside the US without the jab? I keep reading the idea of mandatory jabs among “governments” for travel outside the US is still being discussed. Would this be yet more
“capital control”?
I suppose in lieu of showing up in person in some foreign country in order to close the deal on the sale of foreign property one could do the art of the deal via the internet just like they may be able to deal with that wad of money in whatever form stashed in some other country. However, would “capital control” possibly also include inability to conduct personal finances online? My small piece of the pie will likely remain in the US and for some folks their financial stash may equate to some of the lyrics of an Alabama song Song of the South :
Well somebody told us Wall Street fell
But we were so poor that we couldn’t tell
” It will be waiting for you safely on the other side.” (?)
Buy Tulipcoins, and do so quick!!1!
FTX, you ask? Just a single bad apple!
I guess I’m more concerned that we will be forced into the CBDC system. If the government goes that route it will make everything else less possible. PM’s etc
When that level of “bad” money is in circulation, and everyone knows what is going on with it, the likelihood of folks operating “outside” of the system with PMs, etc. is much higher. And at some point, its going to have to come to blows.
What are you all going to buy with this hidden wealth if the system all goes to shit and no one is selling anything as there is nothing to be bought? Look at what you have right now. More than likely that is ALL you will have to work with if this ever does go down. Be mentally prepared to run with the clothes on your back and the gun in your pocket if need be. That could be all you have…if that.
So true Bob. I would like to add to that, have a skilled trade in your head & ability in your hands.
Buy tons of protein bars. You can trade them for whatever you need. 10 protein bars for a couple gallons of water or gas when people are hungry. Have booze handy too. Your nerves will be shot and it can disinfect wounds too.
Get yourself a small still, even better! Great idea the protein bars.
I grew up next to a man who lived in Belgium in the 1940’s. The family ran to the bomb shelter when the sirens sounded one night. At day break they climbed out of the shelter, pulled what few items they could find from under the bricks and rubble then started the miserable trek of near starvation that lasted just about the next four years of his life. Any “wealth” the had disappeared when the bombs fell. His telling of this had a great deal more detail but the outcome was what remember…grinding poverty, misery and near starvation every day for four years.
“you can potentially store billions of dollars worth of value just in your head ”
yep
I am just going to eat Hoover pigs an grasshoppers. I hardly see deer since we got the great pyr.
I’m just exhausted with the madness.
OMG me too. Some days I just don’t even care what happens. I just want to ignore the shit and forget about it. I figure I only have a few months (or weeks) left before the daiper/jab/$$disaster happens so might as well just go out to dinner or walk the park and pretend everything is normal.
Probably a good idea to ignore. At least ignore a few days out of the week.
Most of my younger relatives are jabbed if not all of them and unfortunately most of the older knowing this as a result of “casual” conversation in the past. They seem totally unconcerned when the topic of discussion (perhaps during Thanksgiving holidays yet happy they came) turns to prepping, SHTF or heaven forbid a discussion about the jab. Life is certainly rosy if ignoring the “bad” stuff. 🙂 One has to do it occasionally though IMO.
Incidentally, during most appreciated and thankful to the Lord for visits from younger relatives , sometimes I would question myself being around all the jabbed would the spike protein or whatever that is about suddenly jump off the jabbed and onto me the un-jabbed. Yikes!
Problem:Capitol Controls
Solutions:
Where the f#$k does the Constitution say “precedent rules the day”…..or anything to that nature???The theft of gold from the average Joe is blatantly UN-Constitutional!
The “rights”belong to us as individuals,and NOBODY ELSE!…..
No one is going to beat any capital controls. We all have to say no and that will never happen.