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Justice Department Rolls Out An Early Form Of Capital Controls In America

Justice Department Rolls Out An Early Form Of Capital Controls In America Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the “all important” FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR “evil […]

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Are Greek Capital Controls Now Inevitable?

Are Greek Capital Controls Now Inevitable? While the trading algos are blissfully honing their headline-scanning skills (it should take no longer than a few nanoseconds to find whether “patient” and “international” are in the FOMC statement) ahead of tomorrow’s Fed announcement and avoiding any macro developments from around the globe, the biggest international news hit […]

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Head Of Largest Swiss Cantonal Bank Says Swiss Capital Controls Are “Certainly Possible”

Head Of Largest Swiss Cantonal Bank Says Swiss Capital Controls Are “Certainly Possible” Yesterday, when we reported that the SNB had hinted at that most dreaded of possibilities for central planners, one which always implies full loss of central bank credibility, namely capital control, for some inexplicable reason various readers and even contributors (“Another misleading headline by the Tylers. What […]

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Iceland Unleashes Confiscatory “Exit Tax” On Wealth Deposits | Zero Hedge

Iceland Unleashes Confiscatory “Exit Tax” On Wealth Deposits | Zero Hedge. While on the one hand, Iceland’s decision to inch towards lifting its capital controls is a positive step, it appears what they give with one hand they are taking with another. Just as we predicted three years ago,the muddle-through has failed and there are only hard […]

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China’s Vicious Growth Circle by Keyu Jin – Project Syndicate

China’s Vicious Growth Circle by Keyu Jin – Project Syndicate. LONDON – Most economists have a reason to be worried about China’s economy – whether it be low consumption and large external surpluses, industrial overcapacity, environmental degradation, or government interventions like capital controls or financial repression. What many fail to recognize is that these are […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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