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Keyword: capitalcontrols

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  • The Reason For Bitcoin's Recent 60% Surge Revealed

    11/02/2015 8:45:53 PM PST · by Another Post-American · 26 replies
    Zero Hedge ^ | 11/2/15 | Tyler Durden
    It was precisely two months ago, on September 2nd, when we explained that as a result of China's recent currency devaluation, in order to mitigate the inevitable capital outflows that such an FX move would unleash, China was "scrambling to enforce capital controls" in order to prevent the exit of hot (and not so hot) money from China's economy. We then said the following to explain why "this is great news for bitcoin": Which is why we would not be surprised to see another push higher in the value of bitcoin: it was earlier this summer when the digital currency,...
  • China (Unofficially) Authorizes Bitcoin, Price Turns Bullish [UPDATE]

    10/28/2015 9:19:31 AM PDT · by Another Post-American · 4 replies
    Coin Telegraph ^ | 10/27/15 | Joseph Young
    UPDATE: CoinTelegraph has been informed that the annoucement, on which the following article is based, was originally published in People's Daily, the official newspaper of the Chinese Communist Party with the CAC reposting it on their website. So while the article doesn't represent the opinion of the CAC, the People's Daily is a major publication in China, whose main readers are Chinese officials. *** While many media outlets and financial experts have pointed to the large influx of funds from China to Western bitcoin exchanges as the cause of the recent bitcoin price spike, China’s Internet watchdog has announced that...
  • They’re Coming For Your Savings

    10/18/2013 7:39:48 AM PDT · by Rusty0604 · 78 replies
    Dollar Collapse ^ | 10/12/2013 | John Rubino
    Another of history’s many lessons is that governments under pressure become thieves. And today’s governments are under a lot of pressure. Before we look at the coming wave of asset confiscations, let’s stroll through some notable episodes of the past, just to make the point that government theft of private wealth is actually pretty common... Will more countries introduce capital controls or asset confiscations in the next few years? Duh, of course. Debt levels are unmanageable, so they have to be lowered. And there are only three ways to do it: deflationary collapse that wipes out the debt through default,...
  • Is Germany preparing for future capital controls? The reason why it is bringlng home it's gold?

    01/31/2013 2:39:00 PM PST · by dennisw · 20 replies
    caseyresearch. ^ | January 31, 2013 | Jeff Clark,
      The best indicator of a chess player's form is his ability to sense the climax of the game –Boris Spassky, World Chess Champion, 1969-1972You've likely heard that the German central bank announced it will begin withdrawing part of its massive gold holdings from the United States as well as all its holdings from France. By 2020, Bundesbank says it wants half its gold reserves stored in its own vault in Germany.Why would it want to physically move the metal from New York? It's not as if US vaults are not secure, and since Germany already owns the gold, does...
  • Control Freak

    03/02/2007 7:38:36 PM PST · by Kitten Festival · 4 replies · 494+ views
    IBD Editorials ^ | 2 Mar 2007 | Staff
    Political Economy: Hillary Clinton says our trade deficit and reliance on foreign investors are big problems, and wants to fix them. But her cure would be far worse than the disease, and should be rejected out of hand. Can't say we're surprised. Given a choice, Clinton has always opted for government control over market magic. This was true in the early 1990s, when she and a handful of secretive bureaucrats and leftist advisers tried to nationalize our health care system — 15% of the economy. It was true last month when, outraged at soaring oil company profits such as Exxon's...