Per infowars, Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. They indicated that customers would have to pay a fee on every dollar withdrawn over the limit. 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. Chase told Infowars that customers would have to upgrade to much more expensive accounts to avoid the capital controls, meaning larger corporations will not be affected.
The bottom line is that banks think your money is their money and will do everything in their power to prevent you from withdrawing it in large quantities. Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls.
I got my letter in the mail yesterday. So, what's really going on? Should we be using the "under the mattress" approach for saving our money?
The Treasury Department has invested about $200 billion in hundreds of banks through its Capital Purchase Program in an effort to prop up capital and support new lending. Didn't the U.S. taxpayers bail out JPMorgan/Chase at the tune of $25,000,000,000?
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Well people, here we go. Hope you are ready! Runaway spending to please constituents with giveaways for decades is starting to catch up with us.
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