Any government in desperate need of cash – what will it do?
Here is an interesting summary from Simon Black:
1. Direct confiscation
4. Capital Controls
5. Wage and Price controls
6. Wage and Price controls– on STEROIDS
7. Increased regulation
8. War and National Emergency
We got 1+4 in an EU country this week and they are on top of 2+3 as well. Let’s hope they will be sensible enough to not move down the list.
Full story via the link below:
Expect these eight steps from the government’s playbook sovereignman.com
Reporting from Sovereign Valley Farm, Chile To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes.