Bank Holiday Coming to America ?
BANK MANAGER VERIFIES CASH WITHDRAWL LIMITS AND REDUCED HOURS COMING TO US BANKS WITHIN 60 DAYS
Gentlemen: Just received a call from a highly agitated bank manager who stated that within 60 days, banks will be greatly reducing their hours, days of operation, amount of withdrawals and a requirement to fill out "paperwork" if the amount is questioned by bank officials. Unless the form is completed, money will not be disbursed. What really irritated this manager is that after hearing our statements on the air, and receiving years of assurance that our positions and contacts were so much bravo sierra, now he hears from corporate people that it is apparently true after all. He said, "screw them, grab the money while you can." The parameters given were banks open two days a week for four to five hours with below minimum staffs, increased security and greatly reduced amounts of actual cash in the vault. Amount of withdrawal will be held to $500-2000 per day per customer account--not customer. So my account could only have either my wife or I withdraw, not both. That level could change at ANY time. There is no plan (at least known) for automatic confiscation from accounts--yet, and he said that the banks hold the "ownership" authority and final disposition of any items found in safety deposit boxes. (surprise, surprise!) Withholding mortgage payments could result in expedited (30) day foreclosures and 15 day Sheriff's locks on your front door.
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