Survive this one LOL

Discussion in 'Preparedness & Survival' started by Just Jim, Jun 12, 2012.

  1. Just Jim

    Just Jim Well-Known Member

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    On Capital Controls | ZeroHedge

    "Some of these measures have already been implemented sporadically; customers of Italian bank BNI, for example, were all frozen out of their accounts starting May 31st upon the recommendation and approval of Italy’s bank regulator. No ATM withdrawls, no bill payments, nothing. Just locked out overnight."

    "Simply, capital controls are policies which restrict the free flow of capital into, out of, through, and within a nation’s borders. They can take a variety of forms, including:

    - Setting a fixed amount for bank withdrawals, or suspending them altogether
    - Forcing citizens or banks to hold government debt
    - Curtailing or suspending international bank transfers
    - Curtailing or suspending foreign exchange transactions
    - Criminalizing the purchase and ownership of precious metals
    - Fixing an official exchange rate and criminalizing market-based transactions"
  2. chemist

    Beaverton OR
    Well-Known Member

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    So long as they don't go trying to call lead a precious metal.
    Burt Gummer and (deleted member) like this.

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