“Given the rise of inward-looking and panicked politicians around the globe and the monetary policy extremes after the 2008 crisis, a financial repression via blanket capital control regime could be the policy response to the next crisis. In this process, the global financial system would be totally fragmented, while wealth would be transferred from the private sector to the government. Investors could be caught by surprise; liquidity would evaporate in an instance, with devastating effects for asset prices. In this new paradigm shift, capital mobility will become a thing of the past.”

• Jason Manolopoulos is the co-founder of Dromeus Capital and author of Greece’s ‘Odious’ Debt

LINK HERE to the article

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