Confirmed: Chase bank drops the hammer on capital controls; no money allowed to transfer out of USA starting Nov. 17th

Natural News | October 16, 2013

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.

Read the entire article here

2 Responses to Confirmed: Chase bank drops the hammer on capital controls; no money allowed to transfer out of USA starting Nov. 17th

  1. Heatblizzard says:

    I call it *forward thinking* as they know a panic is about to happen and that way there won’t be a run on the bank.

    Most people won’t withdraw 50,000$ dollars unless you are a large corporation or big business with a dozen lawyers so most people won’t even be aware of the ban.

    My parents and I who don’t agree to the Stimulus bill that nobody read joked about it at our local Chase bank and learned that Chase is one of the few businesses that did not cave in to the Government bail outs.

    All the remodeling that was done out after 2008 was out of JP Morgan’s own pockets. He did not use ANY government assistance.

    Here in Salem Oregon several car dealers went out of business and they all took stimulus funds. Our local Ford dealer did not and are still doing good.

    If you own a business DO NOT I REPEAT DO NOT GIVE IN!! THEY WILL CONTROL YOU AND PUT HIDDEN RULES!!

  2. Heatblizzard says:

    Hell we test drove some of the cars at those dealers just before they went out of business in 2009.

    The Ford and Honda places are the only ones still standing because they both didn’t give in and had people who knew what they were doing.

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