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FSN: Why Gov’t Control over Financial Markets has to Grow
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Julian D. W. Phillips, GoldForecaster.com
Gold Seek
Growth of control by banks and government
Quietly, but thoroughly, governments and the banking system have taken an ever increasing role in every aspect of the economy and individual’s lives. Where in the distant past cash was the only means of exchange, cash is now controlled by the banking system and cash transactions reduced to a miniscule role in all our lives. Even in Cyprus after the ‘confiscation’ of deposits, cash is rationed and transactions within the banking system are allowed up to €200,000 before a ‘bank committee’ has to approve them. The banking system is answerable only to government. Government is grateful to the banking system because government has a means of visible monitoring and controlling its citizen’s financial affairs. Through the banking system, government is able to control our financial lives as never before. Cyprus demonstrates how that control will be increased even in crises caused by themselves.
Continue Reading at GoldSeek.com…
2013-04-09 12:33:01
Source: http://silveristhenew.com/2013/04/09/why-govt-control-over-financial-markets-has-to-grow/
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