Chase Bank limiting cash withdrawals and banning international wire transfers

I admit that when I saw today's breaking news on InfoWars.com about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn't believe it, either. So just to check it out, I called my own accounting team to ask if we had received a similar letter from Chase, announcing that no international wire transfers would be allowed after Nov. 17th.

Sure enough, we were sent the same letter! I've posted a JPG image of the letter below so you can read it for yourself.

Or Click here to see the hi-res scan of this letter. This is the letter that we received directly from Chase. This is not secondhand information.

The letter clearly states that beginning November 17:

< snip >

This is the beginning of the capital controls we've been warning about for years. Throughout history, when governments are on the brink of financial default, they begin limiting capital controls in exactly the way we are seeing here.

Following that, governments typically seize government pension funds, meaning the outright theft of pensions for cops, government workers, etc., is probably just around the corner.

Finally, the last act of desperation by governments facing financial default is to seize private funds from banks, Cyprus-style. The precedent for this has already been set in Cyprus, and when that happened, I was among many who openly predicted it would spread to the United States.

This 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 you've deposited there.

Learn more: http://www.naturalnews.com/042529_Chase_bank_capital_controls_financial_red_alert.html#ixzz2hwENxItZ




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IMF Proposal to Tax Bank Deposits

[FONT=Arial,Helvetica,sans-serif][FONT=arial,helvetica,sans-serif]A report by Agence France-Presse, the [/FONT][FONT=arial,helvetica,sans-serif]International Monetary Fund strongly suggests countries tax the rich to fix deficit[/FONT][FONT=arial,helvetica,sans-serif], is a caveat for a bigger risk. "The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes. In its Fiscal Monitor report, subtitled "Taxing Times", the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities."

[/FONT][FONT=arial,helvetica,sans-serif]Before all those occupy supporters, rejoice and start their partying, the sober reality of the actual methods that the financial elites would use to implement revenue enhancement, needs a closer examination. [/FONT]

http://www.batr.org/negotium/101613.html

While admitting that it is imposing limits on cash transactions and banning international wire transfers for business customers, Chase Bank claims the measures do not represent “capital controls” and instead are merely about “streamlining” and “derisking,” labeling concern about the new measures an “overreaction.”

The claim is in response to an Infowars story which went viral after appearing on the Drudge Report, which revealed that business owners were receiving letters from Chase informing them that cash activity on their accounts would be limited to $50,000 dollars a month and that international, and in some cases domestic, wire transfers were being withdrawn.

Financial analyst Celente calls new draconian measures “unprecedented”

http://www.prisonplanet.com/chase-bank-claims-concern-about-capital-controls-is-an-overreaction.html[/FONT]

LOCK DOWN: Your Cash Is No Longer Your Own: “Everything Is Fine”

This is nothing short of a capital control, which is an economic strategy designed to limit the transfer of money. It is a strategy implemented only during times of economic or financial distress, most often as a precursor to wealth seizures by the state.

Be warned, Chase bank is the first of likely many banks to begin the lock-down of the financial wealth of private individuals in the United States of America.

The new restrictions are particularly ironic because JP Morgan Chase (along with other large banking conglomerates) is a primary shareholder, and thus owner, of the Federal Reserve, which has been responsible for sending trillions of freshly printed dollars outside of the country over the last several years.

There is absolutely no legitimate reason for why one of the world’s biggest banks just restricted the outward flow of cash from domestic businesses to their international contacts, especially considering that we are repeatedly told we live in a globalized world where we need to learn to work with our foreign partners.

It makes no sense.

Unless, of course, you stop to consider that the United States is and has been on the brink of collapse, literally, for nearly a decade. This was first confirmed in January of 2011 in a letter to Congress by then Treasury Secretary Tim Geithner when he spoke of the U.S. debt ceiling.

http://www.shtfplan.com/headline-ne...o-longer-your-own-everything-is-fine_10162013