How to Avoid This Sneaky Trick That Governments Will Use to Steal Your Money

8 months ago
11

Governments use all kind of illusions to steal your money. Taxes and duties are the most obvious but there are many others. Capital controls and inflation are the most destructive.

Capital controls have beenused often in te past They are used today incountries like China and South Africa to prevent money leaving the country.

You could even call FATCA a soft form of Capital controls as it makes it more difficult for US residents to open foreign bank accounts and therefore move money outside the country.

The US last directly confiscated capital in the 1930s when they forced citizens to turn in their gold before it was devalued.

It's inevitable it will happen again.

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