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Uh-oh! Capital Controls, Currency and Credit Default Swaps (US Purchasing Power Fell from 3.413 in 1913 to 0.143 Today)

confoundedinterest.wordpress.com | January 26, 2014

By Anthony B. Sanders

Yesterday, I wrote about the dramatic currency devaluations in Argentina, Venezuela, Turkey and Japan.

To be fair, the U.S. has seen a dramatic decline in purchasing power since 1913, the year The Federal Reserve system was created. Wow, the purchasing power of the dollar has fallen from 3.413 is 1913 to 0.143 today.

At least the U.S. 5 year credit default swap (CDS) price is 31.51. Chronic capital control freaks like Argentina and Venezuela have seen a massive spike in their 5 year CDS prices.

Watch for a growing trend in capital controls coming to a neighborhood or country near you. Capital controls are residency-based measures such as transaction taxes, other limits, or outright prohibitions that a nation’s government can use to regulate flows from capital markets into and out of the country’s capital account.

Capital controls sure aren’t working for Argentina and Venezuela.

All is NOT quiet on the western front.


Back to January 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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