MONEY: Currency controls portends worse things to come

Currency control efforts worry Argentines
By Kelly Hearn – Special to The Washington Times
Saturday, November 12, 2011

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In 2008, Mrs. Fernandez surprised markets when she nationalized the country’s private pension funds. She also stripped the central bank of its independence by firing a former bank director for refusing to make foreign reserves available to service the nation’s debt.

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When the USA’s Federal Gooferment needs trillion and they cast their eyes around for big pots of money, “IRAs and 401Ks” looks like the pot of gold at the end of the rainbow.

Remember all those trial balloons? “IRAs and 401Ks are tax expenditures”! And, “In exchange for an enhanced social security benefit”. Plus, my personal favorite, “is to the savers’ benefit to eliminate market risk.”

(No mention of “sovereign risk”!)

Sigh, how stupid can “We, The Sheeple”be?

“Capital Controls” and all the “foreign account” “barbara streisand” is all about the “drug addicts” in DC jonesen for a fix of cash!

It CAN happen here! Because it has. Look at the FDR gold confiscation.

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