“Foreign exchange controls are coming to the US. The UK had exchange controls by 1939, and they remained in place until Thatcher repealed them,” “They never work. But politicians always resort to them.”
“So, while it’s still legal, and ethical, to do so, I would recommend diversifying your money outside of the US.”
"To my knowledge, no country to date has expropriated money from overseas that was already there before exchange controls were instituted – but the US is always an exception,” - Jim Rogers told a journalist at www.minyanville.com
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