Here comes capital controls.

Mark Moss recently put out a video talking about some of the sneaky treachery that is embedded in the biden 3.5 trillion spending plan.  Watch the 2-3 minutes of that video from this time offset link.  The implications of what is going on are clear for those who have studied history of dying economic regimes.  What is going on is called capital controls.  They are put into place when it is determined by the system that too many people are at risk of taking their cash out of the banking system.  This is called a run on the bank.  It happens when people who have generally been calm suddenly decide that calmness is a bad plan and so they begin to remove their cash from the system to do things like buy hard assets, hoard food, etc.

When these things happen, it begins to increase the velocity of money.  I already explained in this post that the fed's balance sheet was going up and that meant we would finally begin to see rising prices, or what many consider to be inflation.  Well, rising prices are now happening just as expected by that post and so government is planning to lock down bank withdrawals, just like they always do when the stupid sheeple sudden figure out they are being played.

When other countries figured out in the late 60s that we were gaming the bretton woods dollar system, they came for their gold.  When nixon shut down the gold window, that was a form of capital control.  It was completely amoral and broke every tenet of contract law, but since the US was too big to go to war with, all the suckers did was complain and grumble.  But had the US let everyone have their gold back, the US would have had hyperinflation in the dollar instead of just really bad stagflation.

And so as people lose confidence in the issuing authority, which I warned all of my readers a long long time ago was going to happen,the government is going to make it more and more difficult to remove their wealth from the banking system.  It's definitely coming.  The goal will be to lock your cash in their banks so that they have time to inflate the value of your savings away.  This is a time tested method for all big corrupt governments and no it won't be different this time.