Speaking of PROTECTING yourself – which I did this week by purchasing more PHYSICAL gold, and withdrawing more funds from my Charles Schwab non-margin brokerage account; I have long written of how CAPITAL CONTROLS will eventually “swamp” attempts to flee the burning American building. They were widely discussed during the 2008-09 crisis – including capital withdrawal limits and IRA confiscations – and to this day, such talks have only accelerated, oftentimes in full public view. “Bail-in” policies are on the verge of becoming official, and additional calls for government “management” of retirement plans are only the start; not to mention the FBAR and FATCA regulations monitoring your international financial holdings (which, according to what we have been advised, do not apply to our Brink’s Canada PM storage program).
And now, the following news that JP Morgan is apparently – as of next month – initiating “cash activity” limits of $50,000 per account per month; and worse yet, terminating the ability to send international wires. In fact, if such wires were already scheduled, they will be promptly cancelled! And no, this is not anecdotal evidence – but instead, based on REAL company communications, like this letter…
At this point, I don’t know what else you need to see to realize America’s days of financial freedom are all but over – not to mention, the ability to exercise countless, previously sacrosanctrights of ALL kinds. Whether the current financial system lasts a month, a year, or more is immaterial – as the writing is on the wall, as loudly as at any time in our lives. The time to prepare is running low – as “the day the dollar died” is nearing rapidly. Only PHYSICAL precious metals will help you to bridge the “financial gap” between the current system and the new one, whatever it may be; while holding other LIFE’S NECESSITIES may well prove the difference between life and death.
