The #1 Warning Sign Capital Controls Are Coming Soon And 4 Ways To Beat Them

Argentina, Lebanon, Venezuela, Iceland, Greece, Cyprus, Turkey, Russia, Ukraine, China, India, South Korea, and governments in countless other countries have recently imposed capital.

by Nick Giambruno

Argentina, Lebanon, Venezuela, Iceland, Greece, Cyprus, Turkey, Russia, Ukraine, China, India, South Korea, and governments in countless other countries have recently imposed capital.

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 $242,000 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 prohibiting private ownership of gold bullion for 41 years until they reluctantly allowed the plebs to own it again 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 52 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 openly talk about what they want to 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.

Expect it to happen.

Why and How Governments Impose Capital Controls

Capital controls are government restrictions on how people can use their money—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.

A propaganda campaign is also necessary to gaslight people into believing such actions are required to protect the average person.

Expect politicians to make disingenuous claims to make them appear as saviors instead of aggressors.

The mainstream media will amplify this false narrative and demonize those opposed to capital controls as disloyal citizens or worse.

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Kenny Palurintano is a voluntaryist author, activist, vegan chef, nomad and sage.  He wanders the planet with a backpack and a decade-old laptop running Windows 7, and barely smart phone, making an outsized impact in every place he lands.  His knowledge spans anarchist thought to crypto to hip hop to health.  He facilitates events that combine spiritual improvement and the leading artists of the liberty movement.   He creates community and brings the vibe from the Rainbow Gathering to the White Rose. He can be found on Odysee at https://odysee.com/@palurintano:d and will be at the Greater Reset in Morelia, Mexico in January with Etienne, Derrick Broze, Ramiro Ramani, and more! The Art of Liberty Foundation is pleased to offer a collection of his writings in the Government-Scam.com/Store

Etienne de la Boetie² is the founder of the Art of Liberty Foundation, the author of “Government” – The Biggest Scam in History… Exposed! and the editor of the Art of Liberty Daily News on Substack and Five Meme Friday, which delivers hard-hitting voluntaryist memes and the best of the alternative media. All his important links can be found at LinkTr.ee/ArtOfLiberty

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