The U.S. Wants Capital Control & They’ll Happily Throw People in Jail to Get It

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Capital control is the government policy of restricting locals from acquiring foreign assets (capital outflow) and/or restricting foreigners from acquiring local assets (capital inflow). .
The U.S. appears to want capital control. Our finances are in dire straits so what they are going to do is aggressively tax people, chase them down, throw them in jail. That is in lieu of leadership which would include cutting spending and streamlining the government smartly as Obama purports to want to do.

The HIRE Act which was passed in 2010, increased reporting requirements for US citizens holding assets overseas. They are now pursuing it aggressively.

If people don’t comply, they will seize all assets as they have already done in one case.

Martin Armstrong from ArmstrongEconomics.com gives the following advice, “…from an international perspective, the best advice I could tell people is that, is to get out. If you’re going to do business in the United States use an agent. Get your branches out of this country. It’s going to get far worse.”

Americans cannot even compete on an International scale because we start out with with much higher taxes…Read more: Financial Sense

ASK YOURSELF, ARE WE MOVING TOWARDS GOVERNMENT CONTROL OF PRODUCTION?

 

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