The Coming Capital Controls Are Designed To Protect The Banks From You

by Simon Black via Sovereign Man blog
ZeroHedge.com
05/26/2015

If governments have proven anything to us over the last seven years, it is that they will do anything to keep the banks from going down. If just 10% of people hit their breaking points and withdrew their money in cash – there wouldn’t be enough cash in the system to support this demand. And the banks would subsequently collapse. When a government is bankrupt, the central bank is nearly insolvent, the banking system is illiquid, and an entire population suffers from interest rates that are either negative or below the rate of inflation, capital controls are a foregone conclusion. In fact, we expect the next round of capital controls will be designed to protect the banks… from you.

The Rest…HERE

This entry was posted on Tuesday, May 26th, 2015 at 5:47 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.