Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls.
Natural Newsâ€™ Mike Adams also confirmed his company received the letter. â€śThis is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that youâ€™ve deposited there,â€ť writes Adams.
Meanwhile, financial expert Gerald Celente said the news was a sign that Americans should prepare for a bank holiday....
Penny, thanks for bringing that up, there is a later follow-up to that.
Birgit Jennen wrote: "The Americans are taking good care of our gold,â€ť Norbert Barthle, the budget spokesman for Merkelâ€™s Christian Democratic bloc in parliament, said in an interview. â€śObjectively, thereâ€™s absolutely no reason for mistrust."
Jim, did you know that Germany asked to repatriate their gold that was being held "safely" by the feds after concerns arose? did you know that they were told they would have to wait some years for it? you think they are going to take kindly to that?
Lady and gentleman, I'm glad you're paying attention!
AP wrote: Criminal charges against individual bank executives couldnâ€™t come soon enough for some consumer advocates and critics of the financial industry.
â€śBanks do not commit crimes; bankers, executives, supervisors and traders do,â€ť Dennis Kelleher, president of Better Markets, a group that advocates strict regulation, said in a statement. â€śYet not one single executive is being punished individually and none of the banks even have to admit wrongdoing or disclose the details of their misconduct.â€ť
Banks are eligible to pay back TARP bailout money as of yesterday the 19th. JP Morgan Chase announced paying back 25 billion. They are limiting cash withdrawals as of the 17th. Think there's a connection? And the fines (referenced in Jim's link) of banks by govt regulators is much loved, because it gathers much money for govt regulators. The people who actually lose money due to bank shenanigans don't benefit by the fines. They just can't get all their money out of the banks, which for some reason seem to be short of cash.
why did it happen in La only? who was the first over run purchase who could have tweeted it? we live in an age of "paper trails" where a lot of things we do are recorded, why is there no investigation and prosecutions or even talk thereof? so much theft yet no one is going to pay save for the stores? why are the stores not demanding justice?
I didn't find the sudden run, the flashmob scene, strange since we're living in the age of instant communication, i.e., Facebook, Twitter, etc. Get a message on your wall, your friends see it and share it, re-tweet it, etc, grab the shopping carts from their backyards, throw the kids in their wagons, and it's off to Walmart.
would that be the same alex jones that reported the food stamp run but did not report how strange it was that it happened in the space of two hours, and it was like a flashmob robbery? Only a few media outlets are reporting on how odd this flashmob was ...