from Stansberry & Associates Investment Research LLC
Could Capital Controls be coming to America?
One outspoken financial analyst, Porter Stansberry, believes the wheels are already in motion.
If you’re unfamiliar with the term, Capital Controls are essentially a way for the government to “lock down” the financial system, by limiting everything from how much cash you can withdraw at an ATM… to what investments you can legally make… to whether you can hold alternative currencies like gold and silver.
Typically, Capital Controls are invoked for “patriotic” reasons.
And that’s what appears to be happening in the U.S., right now.
The a recent 36-page report from two employees at the Federal Reserve claims that Capital Controls could protect the U.S. dollar from the effects of rapid cash movements…
Most Americans aren’t lining up at the bank to withdraw all their life savings… at least not yet. So the question is – Why is the Fed so worried? And why might they anticipate rapid cash movements in the near future?
Stansberry says, for clues, we can look to a number of other countries around the world.
Look what’s happening right now:
All these countries have one thing in common: They’re all in the midst of a currency crisis.
Up recently, Americans have been spared this fate. The U.S. dollar is the world’s “reserve currency.” We are the only country in the world that does not have to pay for imports in a foreign currency. We can rack up enormous debts and then print more money.
But history shows this kind of exorbitant privilege does not last forever. And there are signs that this privilege is unraveling faster than most people think.
In addition to the Fed’s report on Capital Controls we recently came across another warning sign – a little-known law that was passed by the Obama Administration… that could effectively destroy the dollar as of July 1, 2014.
Our analysts have put together a report on this mysterious law… Why it may be the Obama Administration’s biggest blunder, to-date… and how will it affect you, your money, and the U.S. dollar in the weeks ahead. We’ve posted our full analysis online, here, free of charge.
SEE ALSO: The catastrophic events planned for July 1, 2014