Warning Signs Of Capital Controls Coming

The #1 Warning Sign Capital Controls Are Coming Soon

by Nick Giambruno

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.

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.

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