Current U.S. Dollar Currency Controls

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investorzzo's picture
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Current U.S. Dollar Currency Controls

Currency controls, or foreign exchange controls, are imposed by governments on the purchase, sale, convertibility, or use of foreign currencies. They are gross interferences with the unalienable human right to freedom of contract.

Most people think that currency controls are only implemented in ruthless socialistic, communistic or fascist countries like Russia under Stalin or Lenin, Germany under Hitler, Zimbabwe under Mugabe or other oppressive regimes like China, Argentina, etc. Viewing explosive history through the lens of monetary policy reveals a common thread. Dictators attempted to abrogate monetary rights and the people either killed them or were killed.

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