Chase Bank Initiates Capital Controls, Limits Cash Withdrawals & Bans International Bank Wires!

***Personal comment***

Chase bank users beware, remove your money now. The bank will be in control of your business if you do not move your assets out of this bank now. The limit imposed on your trade ability is a travesty. Small bank users (non-commercial) move out now. Let the behemoth died as is fit, but do not allow it to take you with it!

Read very carefully the areas that mention the amounts of money that are stated for usage in a one month period. It not only affects transfers out of the country, it includes deposits!!!

How can a small business or any business for that matter function without the ability to transfer funds through a wire outside of the united states? A few years ago it would have been no problem because we still had an economy based on production, we made things. We used to be the leading supplier of goods to the world!! Now this country is broken and can not even maintain our own people above poverty level.

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It appears that any small American business not already shut down by Obamacare regulations will be helped along by the banksters.
In an apparent effort to front-run official government capital controls, JP Morgan Chase has issued letters to ALL Business account holders notifying them that as of Nov 17th, the bank will limit all cash transactions (including deposits, withdrawals, and ATM usage) to $50,000/month, and will ban all outgoing international bank wires!
Bank officials confirmed Wednesday that the new capital controls apply to all business account holders, the bank will stop processing any outgoing international bank wire, and that any monthly cash transactions in excess of the new $50,000 limit will be subject to penalties and fees for each dollar over the $50k cap.

Read this carefully at: http://www.silverdoctors.com/chase-bank-initiates-capital-controls-...

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Permalink Reply by truth on October 18, 2013 at 11:12pm

Chase Bank Claims Concern About Capital Controls is an “Overreaction”

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Permalink Reply by Misteri on October 18, 2013 at 11:46pm

This behemoth is trying to assure the customers they will be safe, what a laugh that is, it would almost be funny if it weren't so perverse!!

I would venture to say if you believe this propaganda then you would surely deserve what cometh your way!!

BS is just that BS, if you can not read the writing on the wall then you should get a better education. OOps, that may not be possible since they are breaking the peoples backs and forcing them to adhere to banking laws that will cripple the business sector. Therefore denying the working class and small business owners our right to earn a living and in so much also our children the right of a education that was deemed our right as an American!!

"The New Colossus" is a sonnet by American poet Emma Lazarus (1849–87), written in 1883. In 1903, the poem was engraved on a bronze plaque and mounted inside the lower level of the pedestal of the Statue of Liberty.

...Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!"

http://en.wikipedia.org/wiki/The_New_Colossus

I am tired,I am poor, soon we will all be huddled masses. When my fellow Americans does the injustice stop?

Shortly after the dedication, on October 28, 1886,( take note of the date), the Cleveland Gazette, an African American newspaper, suggested that the statue's torch not be lit until the United States became a free nation "in reality":

"Liberty enlightening the world," indeed! The expression makes us sick. This government is a howling farce. It can not or rather does not protect its citizens within its own borders. Shove the Bartholdi statue, torch and all, into the ocean until the "liberty" of this country is such as to make it possible for an inoffensive and industrious colored man to earn a respectable living for himself and family, without being ku-kluxed, perhaps murdered, his daughter and wife outraged, and his property destroyed. The idea of the "liberty" of this country "enlightening the world," or even Patagonia, is ridiculous in the extreme.

http://en.wikipedia.org/wiki/Statue_of_Liberty

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Permalink Reply by Central Scrutinizer on October 18, 2013 at 11:17pm

exactly how it started in Cypress folks, that alone should make one nervous.

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Permalink Reply by Vincent L. Guarisco on October 18, 2013 at 11:29pm

I keep a very small amount of funds in my account. Just enough to cover a few monthly transactions and a few bucks here and there (as needed) for internet shopping.