Capital control
12
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5
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5
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Search complete. 12 mentions across 5 episodes found for "Capital control".
Sep 28, 2026
Spencer NicholsHOST
it's taxes, it's...
Spencer NicholsHOST
Capital controls.
Per BylundGUEST
Yeah, capital controls, and you're probably going to get caught for money laundering, for moving the money between your own accounts and all this nonsense, right? So at that point, it becomes a whole lot easier and safer to just keep your money on your phone and just take it with you wherever you go.
Per BylundGUEST
And of course, that also means that you can avoid taxes, which is not necessarily a bad thing, right? Because you keep more of your money.
Per BylundGUEST
This development puts a lot of, from the state's perspective, it puts a lot of pressure on the banking system and the banking regulations that you have in place and also on taxation, on control.
Per BylundGUEST
But I think a lot of people are going to choose something that they control themselves rather than something that politicians and bankers control.
Spencer NicholsHOST
Mm-hmm.
Spencer NicholsHOST
When it comes to this idea of capital controls being a necessity, so the state has its own self-interest in mind, trying to continue its evolution into the future, capital controls and protecting its tax base, ensuring that it has revenue coming in to pay its bills, those things are necessities.
Michael WeinerGUEST
no more transfers so that'll make you that won't make you well you know i'm happy where i'm at no big deal you should not be happy because you now lost your financial freedom you can't move your account well when the
Brannon HowseHOST
market goes down starts going down and you're like i think i'm seeing a 30 40 50 correction they could put in capital controls and stop people from leaving because they cannot let there be a, you know, too big to fail.
Brannon HowseHOST
You know, we can't let these pensions fail.
Brannon HowseHOST
These retirement accounts fail.
53 MINS LATER
Brannon HowseHOST
Well, I got to let you go, Michael Weiner.
Brannon HowseHOST
People better figure this out fast.
Brannon HowseHOST
I think there are capital controls coming.
Brannon HowseHOST
I think there are capital controls coming because they cannot afford everybody taking all of their assets and moving them around.
Sharnie WongGUEST
Secondly would be diversification, right? Like you can't put all your eggs in one basket.
Sharnie WongGUEST
And China has had capital controls for, a long, long time, and a lot of money is still stuck onshore.
Sharnie WongGUEST
So these cross-border channels, it is the fastest and easiest and legal way for people to shift their wealth offshore.
John LeeHOST
Okay.
Michael WeinerGUEST
I mean, that's as simple as it is.
Michael WeinerGUEST
So what you're talking about is capital controls, capital controls.
Michael WeinerGUEST
Exactly.
Michael WeinerGUEST
And then you have, you know, for those people who go to Starbucks, I'm going to tell you, don't go.
Matthew FraserHOST
But there's now new elements that have been pushed through this socialist, radical Labor government.
Matthew FraserHOST
which are now capital controls, and they're talking about putting a veto in.
Matthew FraserHOST
The ATO has a veto to stop people moving their industry super funds into an SMSF.
Matthew FraserHOST
What are your thoughts on this, and what does this really tell you about the Labor Party as a whole?
13 MINS LATER
Matthew FraserHOST
They're not even hiding it anymore.
Matthew FraserHOST
We want to close down your super fund.
Matthew FraserHOST
We're going to restrict it, capital controls.
Matthew FraserHOST
And now we're talking you can't even allocate to Bitcoin, which for you and me who hold a lot of Bitcoin in our own self-custody in an SMSF.