>> (p.1)
    Author Topic: Oh crap. I was afraid of this.  (Read 6041 times)
    billyjoeallen (OP)
    Legendary
    *
    Offline Offline

    Activity: 1106
    Merit: 1007


    Hide your women


    View Profile WWW
    June 26, 2011, 04:00:06 AM
     #1

    http://www.smh.com.au/business/economists-shortchange-the-benefits-of-capital-controls-20110624-1gjnb.html

    The IMF is sending signals that capital controls are coming in Europe. This is huge and this is bad. Insolvent governments will forcibly prevent their own citizens from sending their money out of the country. The IMF used to categorically condemn this practice as economically unsound and downright tyrannical. Now? not so much.

    "The big intellectual change has come from the International Monetary Fund, once an outright enemy of capital controls.

    IMF economists have stopped treating the issue as one of good versus evil, and have started treating it as a run-of-the-mill economic choice: capital controls have costs and benefits that can be measured and compared. The IMF now argues that they should be one more tool for prudent policymakers to use as circumstances require."

    Time is running out for the Greeks, Italians, Spanish, Irish and Portuguese to protect their assets.  Bitcoin is one way to do so. If your money is locked in a cage by someone else, is it really yours anymore?

    insert coin here:
    Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



    1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
Page 1
Viewing Page: 1