Wednesday, April 13, 2005
Currency exchange controls going into place?
In September I included in a post a reference to a quote by Jim Rogers, cofounder of the Quantum Fund—
I suspect there will be exchange controls in the US in the foreseeable future ... Whoever is elected President is going to have serious problems in 2005-06. We Americans are going to suffer.
- New bankruptcy law (last week)
- Announcement that travel to other parts of North America will require a passport (papers please)
- New compliance standards for foreign banks (this past year)
- Elimination of foreign accounts for US residents (one by one)
If you have some dollars to put into a more promising currency, I wouldn't wait much longer.
Something you should know about your dollars