Page 1 of 2 12 LastLast
Results 1 to 10 of 16
  1. #1
    Jesus Christ is Lord

    Join Date
    Apr 2010
    Local Union
    89
    Employer
    Allied
    Posts
    8,564
    Rep Power
    0

    Default UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    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.

  2. #2
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    new penn
    Location
    Northeastern PA
    Posts
    21,960
    Rep Power
    0

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    Uh oh the bad guys got limits again...

  3. #3
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,977
    Rep Power
    922

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    I dont really know how to look at this.
    On one hand it could be good that they are finally trying to keep the cash here. The reason we have been heading into this money problem has probablly been building since Carters crisis. Volker took over and this is kinda the stuff he did. He favored the banks and the little guy suffered. But now the money is not just here. Its all over the globe and it dont come back. I would think that maybe the desire to be the world reserve currency would be to gave the worlds money here...not our money gone.... But the greedy globalist freetrade people who have just used our dollar and our market, used it in their own selfish interests instead of having any sort of repect for the nations name who is on it, and the working people who made it worth the weight of gold to begin with, and they have brought it to the point of destruction. All in the deception of freedom and liberty ideals....lies. Selfish lies using a nation and a people.

    Maybe its good to keep it here.
    Volker made things very difficcult on the little guys to eventually make Reagan look good. It trickled down and jobless people were commiting suicide and all. But the 1% makes out on these deals because they run the banks and they dont want their dolar or bonds losing value. They really dont care about the country either. They care about their wealth no matter how much it hurts anybody else...REaganomics favoring the very wealthy is what we are seeing. IT NEVER REAALLY LEFT. They gained extreme power under Reagan/Volcker/Thatcher/ Freidman and have held it ever since. But this seems a little more protective to me. Keeping the cash here. So i dont know what their up to.
    Knowing where the money is, is a big deal to the FED and the FED is run by private bankers, pretty much. They probably wont hold positions of power in a commy if China wins this currency war. So maybe they will wise up eventually wise up and realize the importance of some of the things unions stand for which is keeping american jobs and money in america. ITs the most conservative way to look at things.

    I've said it 100x but the best book on our economic history and what the banks, govt, and fed, do is "Secrets of the Temple" by William Greider...very thich detailed book on history with alot of light shed on Reagan and Volker.......They cared not for the little guy...and it never changed since.....thats why we are here, imo. ALl about the bigshots.
    ANd the small business guy is just being used just the same by the biggest bigshots.

  4. #4
    I Am Rocking Now

    Join Date
    May 2008
    Local Union
    81
    Employer
    Retired; OHFL
    Location
    Oregon
    Posts
    2,236
    Rep Power
    294

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    Here you go strap. I know Forbes site isn't quite as trashy as miss-InfoWars but much more accurate.
    That’s the fear after a couple of reports from Drudge and Zero Hedge noted a change in the bank’s withdrawal and wire transfer policies for small business checking accounts.

    Chase says the fear is unfounded.

    First, a quick visit to the bank’s business banking website shows that international transfers are still available–you just have to pay up for them.
    No, JPM Isn't Banning International Wire Transfers, No Limits On Withdrawals Either - Forbes

  5. #5
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,977
    Rep Power
    922

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    "Chase Bank claims concerns about capital controls are an overreaction", Thats the newest update on the story strap. The writers are sticking to their story even though Chase has tried to debunk it

  6. #6
    Jesus Christ is Lord

    Join Date
    Apr 2010
    Local Union
    89
    Employer
    Allied
    Posts
    8,564
    Rep Power
    0

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    hmmm


  7. #7
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,603
    Rep Power
    342

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    Could be they simply want to limit their exposure ... and liability ... with transferring cash out of the country, which may be used to avoid income and other taxes ?
    I know there has always been a limit on the amount of cash a person can carry when they leave the country.

    Obviously, I am not a lawyer, but I suspect that between the Dodd-Frank act and the CFPB ( consumer financial protection bureau ) there might be some rules and regulations that concern the bank with liability and other issues.
    Of course, that is my opinion only.

  8. #8
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,977
    Rep Power
    922

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    Quote Originally Posted by fxstc07 View Post
    Could be they simply want to limit their exposure ... and liability ... with transferring cash out of the country, which may be used to avoid income and other taxes ?
    I know there has always been a limit on the amount of cash a person can carry when they leave the country.

    Obviously, I am not a lawyer, but I suspect that between the Dodd-Frank act and the CFPB ( consumer financial protection bureau ) there might be some rules and regulations that concern the bank with liability and other issues.
    Of course, that is my opinion only.
    I'm surelly not an expert. If I was i wouldnt be driving a truck. Although these stories are coming from "conspiratorial type" sites they are using facts. There is some kind of similar thing going on in Cyprus and it looks the same. And although Glen Beck isnt really "news" he also brought this up on national radio today and he is saying there definitelly eventually is gonna be a system breakdown eventually. But he has said other things which have not transpired. I dont go out of my way to listen to him and dont really trust him but sometimes i listen to find out what kind of nonsense he is trying to feed people so his rich buddies can pick my pockets.

    Nonetheless he did bring up about this story this morning. I didnt hear the whole thing either. He also uses it as an endtimes sky is falling type scenario. Why they do it is beyond me. Surelly it is a group scare tactic if it is not a fact. IS it to drum up ratings or money? OR is it true concern? It's like fundamentalist preachers matching up this and that as a biblical apocalypse. Its weird kinda scary type media.....like the war of the worlds on a dailly basis, when wells was doing it and people actually thought aliens were atacking.
    Is it real or not? I dont know.
    But it doesnt take much for me to not trust the financial sector.

  9. #9
    Retired !

    Join Date
    Feb 2009
    Local Union
    107
    Employer
    Retired - New Penn
    Location
    South Jersey
    Posts
    15,603
    Rep Power
    342

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    I don't trust the financial sector ... lawyers, insurance companies, big corporate oil, or any suit and tie.
    Now if Glenn Beck mentioned it ... well then, surely we can believe that it must mean something, but whatever it is ... we'll only know after we install our tin foil hats and stand on top of the nearest mountain and ...
    Well ... you know. Maybe ... I think ...

  10. #10
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    YRC
    Posts
    13,977
    Rep Power
    922

    Default Re: UPDATED: Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers

    Quote Originally Posted by fxstc07 View Post
    I don't trust the financial sector ... lawyers, insurance companies, big corporate oil, or any suit and tie.
    Now if Glenn Beck mentioned it ... well then, surely we can believe that it must mean something, but whatever it is ... we'll only know after we install our tin foil hats and stand on top of the nearest mountain and ...
    Well ... you know. Maybe ... I think ...
    I am not stating that he's totally credible by any means. But the station that he's played on around here is a station which alot of business type people listen too. The show before him is a local right winger and alot of callins from local gop type business people are on the show, meaning alot of people listen to the station. Beck comes on from 9-noon. Then Limbaugh. Then Hannitty.

    So, credible or not, alot of businesspeople probably listen. And he actually brought up this Chase story.

    Tin Hats. LOL.

 

 
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101