正文
Philips article
With the market still absorbing the frank and open statements from Ben Benanke, that: -
* Foreigners would, at some point be sated, with U.S. $' and $ investments,
* The Trade deficit is unsustainable,
itis inevitable that the Fed will act to prevent the withdrawal ofcapital from the States, at some point in time. Foreign selling of U.S.Treasuries was very heavy lately giving rise to speculation that Chinais trying to drop some of its positions already, bringing ExchangeControls closer by the day. Saudi Arabia's action on top of this andothers still unreported, is causing the $ to drop to historically lowlevels, so maybe exchange controls are almost here?
It is closeto a forgone reality that the States will do something about foreignerswithdrawing capital from the States en masse, unhappy with their $investments. In our recent issues we have warned of Capital andExchange Controls for some time now, [and described some possibilitiesin previous issues] so let's prepare you a little better, because whenthey arrive, they're suddenly a past event and you find yourself lockedinside without a way out. [Of course any such warning from theauthorities would defeat the purpose of the controls, namely to blockfunds from fleeing a bad situation]
Such action would not onlylock in the capital of foreigners inside the U.S., but that of all homebased U.S. citizens, unless they had planned against it ahead of time?
With the market still absorbing the frank and open statements from Ben Benanke, that: -
* Foreigners would, at some point be sated, with U.S. $' and $ investments,
* The Trade deficit is unsustainable,
itis inevitable that the Fed will act to prevent the withdrawal ofcapital from the States, at some point in time. Foreign selling of U.S.Treasuries was very heavy lately giving rise to speculation that Chinais trying to drop some of its positions already, bringing ExchangeControls closer by the day. Saudi Arabia's action on top of this andothers still unreported, is causing the $ to drop to historically lowlevels, so maybe exchange controls are almost here?
It is closeto a forgone reality that the States will do something about foreignerswithdrawing capital from the States en masse, unhappy with their $investments. In our recent issues we have warned of Capital andExchange Controls for some time now, [and described some possibilitiesin previous issues] so let's prepare you a little better, because whenthey arrive, they're suddenly a past event and you find yourself lockedinside without a way out. [Of course any such warning from theauthorities would defeat the purpose of the controls, namely to blockfunds from fleeing a bad situation]
Such action would not onlylock in the capital of foreigners inside the U.S., but that of all homebased U.S. citizens, unless they had planned against it ahead of time?
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