10/16/13. Chase Bank Initiates Capital Controls, Limits Cash Withdrawals & Bans International Bank Wires! silverdoctors.com
“It appears that any small American business not already shut down by Obamacare regulations will be helped along by the banksters.
In an apparent effort to front-run official government capital controls, JP Morgan Chase has issued letters to ALL Business account holders notifying them that as of Nov 17th, the bank will limit all cash transactions (including deposits, withdrawals, and ATM usage) to $50,000/month, and will ban all outgoing international bank wires!
Bank officials confirmed Wednesday that the new capital controls apply to all business account holders, the bank will stop processing any outgoing international bank wire, and that any monthly cash transactions in excess of the new $50,000 limit will be subject to penalties and fees for each dollar over the $50k cap.
We have been contacted by numerous SD readers this afternoon who have apparently all received their own personal copy of the letter below:
Paul Joseph Watson of Infowars has also confirmed the story with Chase officials:
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 They indicated that customers would have to pay a fee on every dollar withdrawn over the limit.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. 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.
For those with eyes open to read the handwriting on the wall, it appears the window is rapidly closing on the opportunity to extricate funds from the Fascist USSA system.”