A non-profit educational site
What happens if everyone over 50 tries to get their lump sums out in a panic?
FDR's seizure of privately-held gold in the USA also gives one pause for thought
DM: shhh...ND: see DM above. Perhaps it should be in some more portable/transmissible form - a sum in a bank that could be wired abroad and converted to foreign currency while the Great Dictator is still addressing the House. But even better, do what Onassis did - have stashes put away in different countries, just in case. He never forgot his family's flight from Smyrna in 1922 when the Turks invaded.
Sackers, I suspect this alone wouldn't do the trick (unless you also planned to do a bunk) because I presume the govt would pass laws requiring you to hand over anything you owned, wherever I realise the bunk scenario was indeed part of the Onassis thinking
Nick, If you're prepared to run away, you should also be prepared to lie.
Post a Comment