If You Ever Need To Escape With Your Wealth From a Totalitarian State...
by Robert Wenzel
Economic Policy JournalRecently by Robert Wenzel: My Small Contribution to the History of the JFK Assassination
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.
April 19, 2012
©2012 Economic Policy Journal
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