“Welcome to America, where your assets are literally the government’s business, and freedom is anything but free.”—Claire Bernish, The Free Thought Project
For some time, I’ve been forewarning readers that, as the governments of the former “free” world unravel, they’ll introduce capital controls, both to continue to fund their failing policies and to limit the freedom of their citizenries.
I’ve envisioned this as a “pincer” of sorts.
First, it would be necessary to institute laws that allow authorities to confiscate the assets of anyone whom they “suspected” of a crime. (It’s essential to understand that an actual arrest is unnecessary, as that would allow the individual the opportunity to prove his innocence in a trial. No trial means he can never regain the confiscated assets.)
The second half of the pincer would be a law requiring the reporting of assets – a detailed declaration of all monetary holdings. (Of course, it would not be possible to keep such reporting thoroughly up to date, as it would be ever-changing. This would ensure virtually continual guilt through the failure to report.)
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