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Saturday, April 21, 2012

If You Ever Need To Escape With Your Wealth From a Totalitarian State... by Robert Wenzel

If You Ever Need To Escape With Your Wealth From a Totalitarian State... by Robert Wenzel: Keep this story in mind, which was told to me yesterday.

During the height of the Soviet Empire a physicist was planning to escape the USSR. He was cleared to travel, but, of course, he was not allowed to take with him any wealth he had.

The man cleared the Soviet checkpoint with one piece of luggage and a couple of suits thrown in. And, oh yeah, he managed to take all his wealth with him.

How did he do it?

Before he left, he sold off all his assets and bought platinum with the funds. He stretched the platinum into wire and made coat hangers out of the wire. He threw his suits over the "hangers" and cleared the checkpoint without incident.

Reprinted with permission from Economic Policy Journal.

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