That IS why I’d want to remove it from Spud’s control!!
Van_Patten
1 hour ago
In fairness to him his logic is totalitarian as he is a totalitarian. North Korea has extensive capital controls and indeed extensive controls on travel which he also favours.
john77
1 hour ago
And you may only spend your money in the state shops
Er, no … the Nomenklatura will have access to the foreign-currency shops like Harrods that cater to tourists. All the proles can buy potatoes and beetroot from the state shops.
dearieme
3 minutes ago
I warned our family’s younger generation about capital controls – they could scarcely believe that they had ever happened. Their instinct was that you couldn’t do that nowadays. My instinct was that you should make sure your investments are spread across at least three countries.
Unfortunately I haven’t a clue how I could achieve that for us: how could we store cash or equities in CHF or SG? Dunno. Is it simple, cheap, safe? Dunno.
Ah well, if it hadn’t been for capital controls after The War, I’d have been a Canadian.
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Can you help support The Blog??
If you can spare a few pounds you can donate to our fundraising campaign below. All donations are greatly appreciated and go towards our server, security and software costs. 25,000 people per day read our site and every penny goes towards our fight for free and fair journalism. We don’t take a wage and do what we do because we enjoy it and hope our readers enjoy it too.
I don’t think Spud sees it a ‘your money’ at all.
That IS why I’d want to remove it from Spud’s control!!
In fairness to him his logic is totalitarian as he is a totalitarian. North Korea has extensive capital controls and indeed extensive controls on travel which he also favours.
And you may only spend your money in the state shops
… if your Social-Credit score is high enough to permit it.
Er, no … the Nomenklatura will have access to the foreign-currency shops like Harrods that cater to tourists. All the proles can buy potatoes and beetroot from the state shops.
I warned our family’s younger generation about capital controls – they could scarcely believe that they had ever happened. Their instinct was that you couldn’t do that nowadays. My instinct was that you should make sure your investments are spread across at least three countries.
Unfortunately I haven’t a clue how I could achieve that for us: how could we store cash or equities in CHF or SG? Dunno. Is it simple, cheap, safe? Dunno.
Ah well, if it hadn’t been for capital controls after The War, I’d have been a Canadian.