The next weapon in the war on cash: capital controls

[LiteCoinGuy]

The next weapon in the war on cash: capital controls

Walking past Poundland this week, I saw a sign in the window: “Free to use cash”. Gosh, I thought, has it come to that already? Let me explain. I had been thinking about Haruhiko Kuroda introducing negative interest rates at the Bank of Japan. I’d been thinking about just how much of the bond market in Europe offers a negative yield to maturity (about 30%, UBS’s Bill O’Neill told me this week). And I had been reading an article written by one of my colleagues about what might bring negative interest rates to the UK.

http://moneyweek.com/the-next-weapon-in-the-war-on-cash-capital-controls/

[The Sceptical Chymist]

Interesting read, thanks for posting the link.   Too bad it didn't mention bitcoin, which is definitely an alternative to holding foreign currency or precious metals. 

[yenxz]

The next weapon in the war on cash: capital controls

Walking past Poundland this week, I saw a sign in the window: “Free to use cash”. Gosh, I thought, has it come to that already? Let me explain. I had been thinking about Haruhiko Kuroda introducing negative interest rates at the Bank of Japan. I’d been thinking about just how much of the bond market in Europe offers a negative yield to maturity (about 30%, UBS’s Bill O’Neill told me this week). And I had been reading an article written by one of my colleagues about what might bring negative interest rates to the UK.

http://moneyweek.com/the-next-weapon-in-the-war-on-cash-capital-controls/

after money laundering,i think capial control will appear as good weapon to make goverment considering to make more tight rules.

[Redrose]

I wait with a lot of impatience the say where people will be aware that the governments are manipulating them and that they're money is worthless and can be restricted whenever the government wants. This day, Bitcoin will be the solution for their redemption !

[markj113]

Until they ban bitcoin and impose long prison terms for those caught using it.

[Redrose]

Until they ban bitcoin and impose long prison terms for those caught using it.

That would make us all rich, because like it has been proven again and again through History, everything which is banned or restricted become really expensive.

[indiemax]

By reading the tea leaves it does appear the world economy is going down the shitter and like the guys says, it's worth considering what Governments will do

I'd say start looking at Bitcoin, anon coins ,how to mix,VPN's tunnels etc, secure messaging,PGP etc etc

as we all know they are watching every move we make