Capital
controls imposed on small business owners
UPDATE: Alex Jones: The fact that these
letters were being sent out to Chase customers was confirmed at the time that
we published, but in the last 24 hours we have confirmed that even large
businesses doing international transactions have also received the same letters.
I personally
visited Chase Bank and inquired about setting up an account and asked if I
could wire money out of the country or withdraw the amounts of cash listed in
their letter. I was told no, and that I would have to “qualify” with them for a
special type of international bank account and would have to deposit huge
amounts of money and pay fees to be able to access those services.
What this
constitutes is a war on cash and a war on small business and individuals. Two
years ago we saw a giant backlash against Bank of America when they announced
customers would be charged for using their own money via their debit
card. We have crossed the Rubicon where
now the currency has been so devalued that you will have to pay fees to have
your money in a bank or use a debit card.
In saying that
international wire transfers are too much of a risk, Chase Bank might as well
be bankrupt because it is telling you there is no money to withdraw.
This is where
the mega banks have wanted to take us all along – a total cashless society that
destroys all privacy and allows them to fine and fee the general population
into serfdom. This is clearly a major step towards capital controls as we saw
with the Cyprus bail-in.
We are now
receiving reports from business partners who we know well that they are being
told by their banks that similar regulations to those adopted by Chase are
coming within the next few months.
Chase would not
be implementing a business killing strategy like this unless all other major
banks were also planning to follow suit. What we see is mega banks leading the
way to set the precedent that all the others will follow.
Chase needs to
issue a statement clarifying exactly why they are imposing these capital
controls.
It is clear
that these regulations are being enacted for three different but equally
plausible reasons, all of which contribute to the ultimate goal of sacrificing
the global economy on the altar of derivative monster zombie banks.
1) Capital
controls to prevent money leaving the country as the US dollar continues to
devalue. Note that Chase will allow international wire transfers coming in, but
not going out of the accounts. Note that they are only concerned about “risks”
when the money is being moved out of the account.
2) Forcing
businesses to abandon cash and switching everything over to digital currency
that can be more easily tracked, traced and controlled.
3) Part of the
preparatory phase for Cyprus-style bail-ins where the government announces a
new “tax” to gouge out a percentage of people’s savings.
Customers need
to rally and speak out against this and immediately move their money to smaller
and local banks that will promise to give them good service and not rake them
over the coals. We need diversity and competition within the banking system,
not giant zombie banks endangering the world economy with derivatives and
cheating their customers.
It should also
be noted that JPMorgan Chase runs most of the welfare system and EBT cards and really constitutes the top of the pyramid in the
corporate-banking-governmental structure.
Finally, we’ve
seen the IRS attempting to bar Americans from leaving the
country simply if the IRS has opened
an investigation on them. This isn’t shades of tyranny, this is hardcore
authoritarianism and everyone should be concerned. If you were planning on
getting your money out of the country, now is the time. If you haven’t
withdrawn your cash from the bank, you should have done it yesterday.
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.
Source:
Infowars.com, Updated October
17, 2013, Paul Joseph Watson, BREAKING: Chase Bank Claims
Concern About Capital Controls is an “Overreaction”
Comments:
Over the years,
I’ve gotten to know the stories of capable immigrants moving to the U.S. from
other countries. These are stories about selling their property and smuggling
their cash out of their home countries, because their laws banned the removal
of their money. Many were Christians who
saw the writing on the wall as their home countries became hostile to them.
Others were business owners and professionals who foresaw political change that
would result in economic decline.
In the US, we
are at the stage of making jokes about moving to Belize as economy killing laws
are passed, in the hope that voters will join us in forcing lawmakers to
reverse this economic suicide.
Norb Leahy,
Dunwoody GA Tea Party Leader
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