QE and Capital Controls Create Worldwide Demand for Bitcoin

India’s new PM, targeting people who skirt taxes, outlawed 500 and 1,000 rupee bills – a staple in ATMs in the country. He did it in what’s being called a “shock and awe” manner so that black market savers didn’t have enough money to figure something out to do about it. People have stood in line at banks to receive new currency and ATMs, no longer stocked with the larger denominations, are running out of money. The moves will likely lead to an increase in demand for Bitcoin in India. When Beijing issued new capital controls late 2015 to ensure money didn’t leave mainland China, Bitcoin....

Since the European Central Bank has declined to increase its emergency fund to Greece and the country has missed its debt deadline to the IMF, capital controls have already been put in place. This means that some banks are closed, stock market trading is halted, and withdrawal limits have been imposed. These controls are geared at preventing a bank run, wherein Greeks scrambling to get their money wind up draining the liquidity in the country's financial system. With the possibility of reverting to a potentially worthless drachma, majority of the Greek population is trying to move their....

Assuming there is any truth to these rather optimistic claims, the next step will come in the form of the ECB giving Greek banks access to cheap funding. In an incredibly surprising turn of events, it looks as if Greece is getting ready to lift capital controls but the end of the year.After facing an economic disaster not too long ago, the country has tried to recover. For some unknown reason, things seem to be going a lot better than most people expected. Many people have been following the news about Greece and feared the situation in the country would only become worse over time.....

The groomed, nurtured and thoroughly manufactured "War on terror" is just about ready to claim another casualty if you live in modern Westernized society. It used to be just a tool of oppression in the U. S., but now statists around the world are using "terrorism" as a catchphrase to rule with an iron hand. Now that every modern government in the industrialized world has a new "Boogie Man" to hide behind, no good crisis shall go to waste. And really the statists don't even bother with creating the Hegelian Dialectic anymore. Now a nation-state can create a press release, say "Terrorism",....

The deadly combination of tight capital controls and inflation slowly starve the people’s life savings. Luckily, Bitcoin can help escape from capital destruction. Capital controls are a structure used by governments to restrict, or prevent, the flow of capital out of the country. China, for example, recently tightened regulations on moving money out of the country when faced with a devaluing yuan. Unfortunately, when paired with a penchant for inflating the national currency, capital controls can have a devastating effect on the long-term wealth of the people. The people are forced to use....