Europe Crisis Unfolding
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It is amazing what it happening in Europe as the crisis unfolds.Every move the bureaucrats take are affecting the average citizen in profound ways. European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro. On Tuesday there were discussions that can be done legally, imposing limits on movement of people and money across national borders within the EU if it's necessary to protect public order or public security - "but not on economic grounds". What? That is crazy.
The problem is all economic. What a red herring. Could we see similar draconian measures taken in America if our system experiences the problems now seen in Europe? Will the elected officials protect our rights as citizens to access our own money and travel freely with it? I don't know the answers but just the fact we may have to ask the questions should awake all Americans to the need to own gold and assets outside of the electronic banking system. Could you imagine needing your money and not being allowed to access it? Welcome to the new Euro zone. Hopefully not coming soon to a neighborhood near you.Who would have thought the world could have changed this quickly with such serious measures as limiting the flows of money to it's rightful owner. Scary!Michael Weiner
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