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. Cyprus bail-in.
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.
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.
If there's one thing that should be clear, it's that nothing the government or their banking partners have done to solve the economic crisis has been for your benefit. They've enriched themselves, yet again, on the backs of the American people.
Celente Warns: The Collapse of 2014: "If You Don't Have Your Money In Your Pocket It's Not Yours"
The timing of the training is interesting when analyzing America's current economic state, which is bordering on collapse. American investment broker, businessman, author and financial commentator Peter Schiff warns us that we are in worse shape now economically than we were just before the 2008 financial crisis, which we still have yet to recover from.
Soldiers whose training has always revolved around enemies in foreign combat zones, is now focused on American civilians. Troops underwent "crowd and riot control" training at Fort Hood's Elijah urban training site last week.
The exercises, which were originally reported by Killeen's local news and painted in a very positive light, also involved the use of "role players." The report states the potential uses for the crowd control training ranges from "peaceful protestors to full on riots," and also includes how to deal with natural disasters, such as Hurricane Katrina. run on the banks
His statement to the paper defending the training is to be expected, however, we know that the training is not meant to help soldiers deal with civil unrest peacefully, but in a police state-like manner meant to suppress, injure, arrest and potentially kill peaceful protestors.
All the while, they've told us that everything is getting better. But anyone who's paying attention know that nothing of the sort has happened.
We continue to shed jobs. Hundreds of thousands of people are still losing their homes. Personal debt is rapidly approaching 2007 levels. The U.S. government has borrowed more money than what we can ever hope to repay. EBT Foodstamp riots
Trend forecaster Gerald Celente predicted the collapse of 2008 in remarkable fashion. And now he's warning of a similar crisis to come next year.
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