Capital control and government confiscation could catch you off guard. Nick Giambruno, founder of The Financial Underground and contributor to International Man, sounds the alarm in his conversation with Daniela Cambone. He reveals why it’s crucial for everyone to wake up to the urgent financial realities we face. Your money in the bank isn’t what you think, he warns. Are we living in a financial illusion? Giambruno thinks so, and he’s here to prepare you for the storm. Dive into the discussion for four essential solutions to safeguard your wealth. Don’t wait until it’s too late – tune in now!
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📖 CHAPTERS:
0:00 Definition of Capital Controls
5:10 Capital Controls in Canada and the U.S.
6:26 Four Ways to Prepare for Capital Controls
10:33 Benefits of Gold and Bitcoin
13:09 Avoiding ETFs
14:11 Potential Failure of CBDCs
17:07 Economic Reforms in Argentina
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35 Comments
Wow all this sounds good. If that country do the same shit
Crypto has counterparty risk. It has 0 intrinsic value. No guarantee anyone would value it tomorrow.
Excellent interview and guest!!
This interview certainly leaves a strong impression for me.. thank you
If the system collapses how will we use gold in everyday life? 🤔
So where do we keep our money? Under the mattress?
🤯
Our government is weaponized against it cizens
I agree with Peter Schiff on everything. I agree with Nick on everything except Bitcoin.
Can’t eat Gold or BTC. The value of these are purely subject to people willing to exchange it for goods.
Take a look at Argentina…good luck trying to live there with Gold or Bitcoin!
Buy land in Vermont!
Can someone help me out here? The case for precious metals and junk silver is easy to make. I think there is a case for Bitcoin as well. But with any asset class, there is risk of either confiscation, boating accidents, or prohibition. But I would think with Bitcoin that it suffers from grid down vulnerability or at least internet accessibility controls. What am I missing here?
ITM's I love content God bless all ❤❤❤❤❤
You can buy Bitcoin , Gold and Silver all you want until your government outlaws it…..
What is scary is that Milei is a genuine british creation of the global controller! A pure fabian leftist masquerade. They are infiltrating, as usual, the opposition, taking control of it and using against itself. Another clue that tihis is the case is the choice of Argentina for it, a country completely devoid of any kind of real jurisprudence. Land for any kind of experiment. Same thing for BTC in San Salvador.
He's assuming a lot to say Bitcoin should persist if a nuclear event occurred. Also, bitcoin is dependent on internet services and electricity.
Thus, these things can be controlled via government. I believe Venezuela government use to trace mining operations via power draw. Government can impose restrictions on what industries can draw what amount of power. Governments don't need to stop it. Simply working to reduce the amount of users (or actually increase it given high volume leads to a poor experience) on the system is enough to reduce faith in the platform. Why? Mining cost money and with every halving event less bitcoin is earned. The lost of income has to be made up via transaction fees. By reducing the volume of transactions. It'll reduce the amount of total fees and miners lose money operating.
The beauty about digital currencies is the distributed nature of the platforms. However, we can't keep assuming government can't impact it.
Swap
Bitcoin ETFs will be ripe for the plunder. He is proof from multinational finance lawyer group Norton Rose Fulbright, quoted verbatim.
Source: Norton Rose Fulbright
“On July 13, 2022, the Uniform Law Commission approved the final draft of its joint proposal with the American Law Institute Emerging Technology Committee for amendments to the Uniform Commercial Code (UCC). These proposed UCC amendments aim at establishing ground rules for transferring property rights in certain digital assets — notably cryptocurrencies such as Bitcoin and Ether, stablecoins, and non-fungible tokens (NFTs) — and in particular setting up a regulatory framework to use such assets as collateral in secured transactions. “
Note the last 3 lines. These assets are to become collateral to save the 29 “too big to fail” world banks.
People in this space take for granted how clueless people are. The bank could annouce what they are doing and people would miss it. I tell people this stuff and they look at me like i have 3 heads
king333
He lost me when he said Bitcoin 😂 He probably just wants more suckers to give him some profits before he splits
was analyzing most of companies but 90% aren't making any revenue for next 10-15 yrs also mining companies aren't digging for precious metals and don't even wanna even talk about banking system it's insanity you can't keep your money in the banks jim rickards wrote about this in his books about wealth loss for middle class now bitcoin is contaminated and don't even look at crypto charts all big banks creating etfs no sense investing into crypto etf lets talk semiconductors ai all remember 2000's inflation is here for stay and government expend 1 trillion every trimester OMG just unpaid debt good day Danielle
Communism is alive and well I'm afraid.
What about credit unions
The thing is what military does Canada have to make us do anything we dont want, it must be the 8 million immigrant men age 20 to 40 coming across the US border in military fatigues and combat boots they will be used by the government to take control.
They cannot ban Bitcoin itself, but they can make all transactions and everything acquired with it illegal. And if you can't buy bread, milk, a TV set or a house with it, what good is it gonna be?
On the point of "communism" – people, please understand that communism has NEVER existed! It was a socialist system, under the rule of communist parties. And if you think that's the same as communism, you should do some reading.
Did not US & UN just use "capital controls" on Russian Oligarchs? Maybe they used the SWIFT system but they still did what Putin didn't. Then President Xi in China is actually restricting "capital flight" which is also a capital control.
Be poor, just have enough to survive. Huge network of friends worldwide. See Bond movies, see Grand Budapest Hotel for strategies. Basically what they just said in here, cash, gold, silver etc will be pointless if World Govts kybosh 1930s style all wealth…..enjoy yr smugness sure. But just become lower class and understand we will go there via wars, famines, pandemics and you can't take it with you.
Money is what people agree it is It doesn't matter what the criminals in banking & government want it to be.
No country in the world will give an American a bank account. You must be a dual citizen as an American to bank outside of the U.S…
I live in Norway and this other day i had problem withdraw 8700Euro or 100k NOK from my bank. I had to sit in a 10 min interview over the phone before the did oppen the block they had on my account.
We no longer use cash in restaurants and in clubs and bars. You have to pay with a visa card and the max amount to withdraw from the ATM is 200$ or 2000 NOK.
Cash is on the way out and the banksters wont let you spend you'r hard earnd noney how you want.
Owning #Silver and #Gold in 2024 is not a bad idea.
Even if you had physical metals and wanted to store it in the jurisdictions, how would you get it there safely?
This guy needs to research whom created Bitcoin…a d there are no nukes!😂😂
The world needs a "people money" that is tangable and backed by the value of its physical value which is by law free of usery/interest amd manipulation and where a persons work value is the same regardless of where you live on this earth
Everyone is looking for a safe place to protect their wealth. The truth is that on this earth there is no safe place only less dangerous places.
Only one thing grows in other people hands. Penise !