Jack Spirko explains, "Right now more and more [[capital]] controls are being put in place by financial institutions and governments alike, not just in the US but around the world. Many [[The Survival Podcast|TSP]] listeners sent me copies of letters from their banks strictly limiting or eliminating their ability to transfer money out of the country. This is but on example of coming capital controls. In [[England]] now customers must show good cause to withdraw money over a certain amount from their own bank accounts. This is all about control folks. The problem for the [[elitist|elite]] is bitcoin can be held in a huge variety of ways, many of which make it impossible for authorities to control or seize. For instance you can set up a paper wallet, this means your bitcoins are in the block chain somewhere but you don’t have an account to log into, there is nothing to attack."<ref>Ibid</ref>
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Jack Spirko explains, "Right now more and more [[capital]] controls are being put in place by financial institutions and governments alike, not just in the US but around the world. Many [[The Survival Podcast|TSP]] listeners sent me copies of letters from their banks strictly limiting or eliminating their ability to transfer money out of the country. This is but one example of coming capital controls. In [[England]] now customers must show good cause to withdraw money over a certain amount from their own bank accounts. This is all about control folks. The problem for the [[elitist|elite]] is bitcoin can be held in a huge variety of ways, many of which make it impossible for authorities to control or seize. For instance you can set up a paper wallet, this means your bitcoins are in the block chain somewhere but you don’t have an account to log into, there is nothing to attack."<ref>Ibid</ref>