International Man’s Jeff Thomas writes about the increasing level of legislation that controls what individuals are allowed to do with their own wealth – financial repression .. “Many people who see the writing on the wall are doing whatever they can to exit the banking system as much as possible, in spite of the fact that the banking system is essential to most types of economic transactions.” .. Thomas sees a move towards electronic money, away from physical cash .. “After this is completed, confiscations will occur. Again, these will be implemented by the banks. But in order to maximize the amount that will be taken, it will be necessary to force people out of other forms of wealth storage and into bank deposits.” .. Thomas highlights the potential effects on bank-based safety deposit boxes – governments & the banking sector will likely try to herd the wealth from safety deposit boxes into bank deposits to make it easier to do bailins .. “Banks are now a time bomb for depositors. Wealth storage in safe deposit boxes looks to become a thing of the past.” .. Thomas advises non-bank wealth-storage facilities for storing precious metals.