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Category Archive for: ‘Capital Controls’

Billions moving offshore from China through Macau

Billions moving offshore from China through Macau Special Report: How China’s official bank card is used to smuggle money (Reuters) – Growing numbers of Chinese are using the country’s state-backed bankcards to illegally spirit billions of dollars abroad, a Reuters examination has found. This underground money is flowing across the border into the gambling hub of Macau, a former Portuguese …

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Credit Suisse: Venezuela economy to continue decline

Credit Suisse: Venezuela economy to continue decline (hyperinflation), oil production dropping A Dire Economy Causes Unrest in Venezuela Six people have died as a result of protests in Venezuela and concern is growing that the situation may become prolonged and increasingly disruptive. The dire economic conditions fueling the demonstrations only seem likely to deteriorate further. It’s been a tragic two …

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Loss of Trust in Banks – Jim Rogers, Chairman of Rogers Holdings recommends to get your uninsured deposits out as soon as possible

Loss of Trust in Banks – Jim Rogers, Chairman of Rogers Holdings recommends to get your uninsured deposits out as soon as possible Jim Rogers, Co-founder of Quantum Fund with George Soros and Chairman of Rogers Holdings states that he has already started to diversify his deposits and recommends anyone to do the same. Jim Rogers: The IMF and the …

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Loss of Trust in Banks – Cyprus Bank “Bail-In” to be the blueprint for future bailouts globally

Loss of Trust in Banks – Cyprus Bank “Bail-In” to be the blueprint for future bailouts globally Taken from Global Research: The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-In” Proposal s the Cyprus Bank “Bail-in” a “dress rehearsal” for things to come? Is a “Savings Heist” in the European Union and North America envisaged which …

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Audio Interview with Cyprus Client Regarding Deposit Confiscations

Dear friend and client of AFE, Recent confiscations directly from bank accounts in Cyprus are having continued repercussions throughout the world. Overseas transfers of funds from Cyprus have been limited to €5000, and daily withdrawals have been limited to €300. These direct confiscations of depositor money have been heralded as the blue-print for future bank bailouts for the EU, and …

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Loss of Trust in Government – In order to avoid Millionaire Tax, Ex-French President Sarkozy is planning to move to London

Loss of Trust in Government – In order to avoid Millionaire Tax, Ex-French President Sarkozy is planning to move to London Ex-French President Sarkozy is planning on moving completely out of French jurisdiction and open a Private equity firm in London. The reason for this is the speculation of France in creating a burdensome millionaire tax. Taken from Forbes: Ex-French …

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Geo-Political Diversification – Bloomberg: Gold Confiscation

Geo-Political Diversification – Bloomberg: Gold Confiscation AFE has been saying for years that it is necessary for holders of gold to get some of it out of the jurisdiction they live in. Today it seems, Bloomberg agrees.

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Capital Controls – Currency Controls – Argentina Limits Credit Card Purchases

Capital Controls – Currency Controls – Argentina Limits Credit Card Purchases Even making a small internet purchase is getting considerably more difficult for Argentinian citizens with the Currency controls imposed by president Cristina Fernandez. Travelling has also been affected as the amount of Dollars or Euros available for each person is limited depending on the amount of days they are …

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Capital Controls – To stop the Franc’s appreciation against the cost of living for Switzerland is Possible a Measure.

Capital Controls – To stop the Franc’s appreciation against the cost of living for Switzerland is Possible a Measure. Switzerland National Bank President has announced that Capital Controls is one of the measures being considered as a counter-action for the strong Franc against the Euro. Swiss Policy Markers have imposed a limit of 1.20 Francs per Euro in order to …

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Capital Controls – Currency Controls – Coming to a Nation near you?

Capital Controls – Currency Controls – Coming to a Nation near you? Argentinian Authorities are tightening currency controls in order to stem capital flights as all major transactions and savings account are in USD. Article taken from Business LIVE: Argentina tightens currency controls to stem capital flight Despite criticism from business circles, Argentine authorities are pressing ahead with their policy …

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