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The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth
The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth
Authored by Chris Macintosh via InternationalMan.com,
There is a term called “gating” in the fund management world.
It refers to blocking investors from redeeming their funds. Funds do this sometimes as a precaution… and other times when they are in the poo.
Well, governments are the same. When they are in the poo, they also resort to their version of gating. It’s just called taxes.
I’ve always loved the Dutchies. Growing up in South Africa with the Afrikaners — descendants...
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After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction.
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