Confirmed: Chase bank drops the hammer on capital controls; no money allowed to transfer out of USA starting Nov. 17th
By Mike Adams
I admit that when I saw today’s breaking news on InfoWars.com about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn’t believe it, either. So just to check it out, I called my own accounting team to ask if we had received a similar letter from Chase, announcing that no international wire transfers would be allowed after Nov. 17th.
Sure enough, we were sent the same letter! I’ve posted a JPG image of the letter below so you can read it for yourself.
Or Click here to see the hi-res scan of this letter. This is the letter that we received directly from Chase. This is not secondhand information.
The letter clearly states that beginning November 17:
• All international wire transfers will be disallowed.
• All cash activity, including cash withdrawals and deposits, will be halted at “$50,000 per statement cycle.” How are businesses who deal with a lot of cash (such as restaurants) supposed to function under such restrictions?
Chase Bank representatives told Natural News “everything is fine”
We called and spoke with Chase Bank to ask why these capital controls were being implemented on November 17th.
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.