from Sovereign Man:
I recently received some disturbing news that I felt critical to pass on to you.
As we’ve been writing for over four years now, it’s long been a common approach for government sliding into insolvency to confiscate wealth from their own citizens.
Charles I of England infamously commandeered 200,000 pounds of his own citizens’ gold right before the English Civil War in 1638. Roosevelt confiscated his entire nation’s gold holdings roughly three centuries later.
And of course, Cyprus raided domestic bank accounts earlier this year in a desperate attempt to bail-in the national banking system.
It’s foolish to think that these things cannot happen, especially when you look at the numbers.
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