October 16th, 2013
“Economic martial law will be declared… restrictions will be set on the amounts, times and frequency of withdrawals.”
Forecaster Gerald Celente
Trends Journal – Summer 2011
We hope you’re paying attention.
If there were ever a red flag warning about the economic and financial destruction to come, JP Morgan Chase Bank began flying it this morning.
In a shocking report from Infowars we learned that mega-behemoth Chase has issued letters to thousands of business customers indicating that they will no longer be allowing international wire transfers or cash deposits/withdrawals in excess of a $50,000 monthly cap.
Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. Given that even a relatively small grocery store or restaurant is likely to turnover more than $50k a month in cash payments, this appears to be part of a wider move to shut down businesses who mainly deal in cash.
When Mike Adams of Natural News received the same letter he contacted Chase Bank and was able to confirm the new policies.
According to Chase, “everything is fine,” and customers need not worry.
Their response was that these changes were being implemented “to better serve our customers.” They did not explain how blocking all international wire transfers would “better serve” their customers, however.
Chase Bank specifically denied any knowledge of problems with cash on hand, or government debt or any such issue. They basically downplayed the entire issue and had no answers for why capital controls were suddenly being put into place.
This is nothing short of a capital control, which is an economic strategy designed to limit the transfer of money. It is a strategy implemented only during times of economic or financial distress, most often as a precursor to wealth seizures by the state.
Be warned, Chase bank is the first of likely many banks to begin the lock-down of the financial wealth of private individuals in the United States of America.
The new restrictions are particularly ironic because JP Morgan Chase (along with other large banking conglomerates) is a primary shareholder, and thus owner, of the Federal Reserve, which has been responsible for sending trillions of freshly printed dollars outside of the country over the last several years.
Continue reading at LOCK DOWN: Your Cash Is No Longer Your Own: “Everything Is Fine”.