'Capital controls'- are they here or coming soon?

And beef jerky

 

There's no future in beef jerky.

 

A future without beef jerky is a future I want nothing to do with. :tut:

 

It's exactly this sort of statement that drives the political elite and their Wall Street co-conspirators to want to control our money, lest it be spent on such frivolities as beef jerky and chub. Shame on you, Pickled Egg.

 

A man has his limits, and when they outlaw beef jerky, only outlaws will have beef jerky.

 

Precisely! Is it any wonder why we need 'capital controls' then, to prevent beef jerky-crazed outlaws from running amuck?

 

Hell Charles, not only was the thread hijacked, it was hijacked then driven off a high cliff to be dashed to bits on the rocks below.

I fear that most are thinking that you mean the use of the shift key on the keyboard.

 

You're right, Orvis…I am like Diogenes, wandering around the dark with my beacon of hope…only to find beef jerky.

 

Capitol controls is a pretty broad topic. Controls can be put in at lots of levels and can be industry specific, or not. They can be taxes on transactions to keep the day trading and micro second trades for $0.01 gains to a minimum, which is one I am not sure I am completely against, but I am not sure I would be for it either. I would have to see the details.

What specific controls are being considered that have you concerned?

 

This is the thing: who knows for certain which specific controls are being considered?

 

While I know this is something some of the hardcore socialist type countries are big on, I'm not 100% it will ever fly here (at least not for a while). This type of thing will most affect the wealthy/big money. Our political process is run by big money. Unless they can engineer a way to get around it, or better yet, to profit from it (ie: it only hurts the middle and upper middle class that they commonly rape anyway), I cannot see how the people that fund our politicians would ever let this happen.

 

I understand what you're saying here, but I am finding evidence to the contrary…there are some financial types on this board (y'know, suits) who are better able to get into this and explain.


"You don't have to do this. I'm a day trader, I could just go home…"

 

It already is flying here, it's called "Internal Revenue Code".

What is.nt being grasped here is that capital controls are enacted to *protect* the rich & well-connected, artificial barriers of entry to others into protected markets.

 

I went to the convenience store today to buy some bottled water, but they were sold out. They said that some dude put the candy aisle in alphabetical order, then bought all the water.

 

There's a lot more not being 'grasped' here.