http://www.silverdoctors.com/chase-banking-customers-reporting-0-balances-on-online-accounts/
CHASE BANKING CUSTOMERS REPORTING $0 BALANCES ON ONLINE ACCOUNTS!
Multiple reports from numerous sources tonight (including multiple emails from panicked readers) indicate that Chase.com online bank balances are showing $0 for all accounts.
Submitted by and the confusion is really set to jump off as the week continues.... Sooner or later , Cyprus has to reopen their banks and allow electronic transfers. Are additional capital controls apart from halting transactions seen this weekend in the offing ?
http://www.arabianmoney.net/gold-silver/2013/03/17/58bn-to-flood-out-of-cyprus-banks-due-to-10-deposit-confiscation-by-the-eu-and-into-gold-and-even-uae-banks/
$50-58bn to flood out of Cyprus due to 9.9% bank deposit confiscation by the EU and into gold and even UAE banks
Posted on 17 March 2013 with 2 comments from readers
Depositors who are waking up to find that up to 10 per cent of their bank accounts in Cyprus have been confiscated as a part of a European Union rescue operation are unlikely to leave their money in the country because of the risk of it happening again. ATM machines have already emptied on the Mediterranean island in a bid to drain accounts. All electronic money transfers have been stopped.
An estimated $50 to $58 billion of deposits are being subject to the so-called tax or special levy, which gets around what was supposed to be an EU bank deposit guarantee scheme. This is the first EU banking bailout to involve such a mandatory confiscation of depositors’ money and was agreed by finance ministers yesterday.
Ending money laundering
It is aimed squarely at the huge offshore funds held in Cyprus by Russians, much of it said to be from money laundering though how an offshore banking centre is suppposed to adjudicate on the source of offshore funds presented to them by depositors is unclear.
The EU would evidently rather not have this money deposited inside the bloc and has made its draconian ruling to frighten this money away as well as to help refinance the beleaguered Cypriot banking sector. Ironically the impact of this $50 to $58 billion leaving the system will of course be devastating and almost certainly result in another crisis for the banking system.
The cost of securing German support for the rescue package has been high indeed: the whole future of Cyprus as an offshore banking centre. Will depositors risk leaving their money in such a jurisdiction for a second round of this banking system’s collapse?
How much more of depositors’ money will the EU want then? Depositors, who are far from all being Russian oligarchs and mainly ordinary people and pensioners are hardly likely to stick around to find out. That’s why there has been a run on the banks and ATMs.
German finance minister Wolfgang Schaeuble commented: ‘The Cypriot banking sector will be significantly reduced to a sustainable level and business model.’
Gold to benefit
Where will this flood of money leaving Cyprus go? Mr. Gold, veteran trader Jim Sinclair says gold will rise past $1,600 on Monday and never look back as a consequence. Rival offshore benking centres will benefit and the nearest outside the EU are Istanbul, Beirut, Bahrain and Dubai.
Russian President Vladmir Putin will undoubtedly be furious at this confiscation of Russian savings. Mr. Sinclair thinks Russia might now signal that its central bank is going to raise its gold holdings further. Perhaps Mr. Putin might also try to tempt depositors to bring some of their money back home.
But the real beneficiaries will be rival banking centres outside the EU who are shown at a stroke to be more reliable custodians. Confiscating depositors’ money will be suicidal for the Cypriot banks but a boost for offshore banking rivals elsewhere.
ArabianMoney thinks this is a terrible precedent for the EU to set as it means it no longer guarantees the security of all bank deposits within its territory. That has not happened before. Where will it happen next? Greece? The eurozone financial crisis is back with a bang!
and......
http://www.homelandsecurityus.com/archives/7978
DHS insider update: “It has begun”
Our current financial situation was not bred out of incompetence, but by design.
18 March 2013: Much like my high-level source within the U.S. Department of Homeland Security outlined in a series of interviews beginning last year, the orchestrated collapse of the U.S. dollar and the entire world’s economic system has begun. The first shots in a global economic take-over were fired in Cyprus as my esteemed colleague and founding editor of Canada Free Press, Judi McLeod laid out in frank detail in hercolumn yesterday. Please read it and heed her advice, or suffer the consequences of your own normalcy bias that such an event will not happen in the United States, Canada, or from wherever you might be reading this. It will, and the plan appears to be on schedule for a shot across the bow later this spring here in the West, with a more aggressive take-over starting sometime this fall, according to my source.
The Plan
To those needing a quick refresher, the plan is quite simple and can be summarized by the Clinton-era quip attributed to political strategist James Carville, “the economy, stupid” and the June 9, 2010 statement by former Obama czar Van Jones, Socialist extraordinaire, “top down, bottom up, inside out.” It is a plan for a one world Communist economy where the “middle class” will be wiped out through a series of events that will have the same ultimate effect as we are seeing in present day Cyprus.
Based on the events in Cyprus, it should be quite clear to even the most vocal critic of the legitimacy of the information provided to me by my source within the DHS as published on this web site is no longer at issue. The U.S. dollar, the backbone of world currencies and the proverbial firewall preventing the erosion of our national sovereignty, is the ultimate target of a takedown by the global banking interests controlled by a handful of banks and families of the “royal elite.”
The plan for a global currency or a one world economic order is a matter that transcends political parties. Those who continue to argue in the Republican-Democrat meme are doing nothing more than providing entertainment to distract people from the real issue, that of the global elite versus the rest of us. The top of the pyramid in this Ponzi scheme is filled with members of both U.S. political parties who are systematically pillaging us and our future generations into financial debt, bondage and slavery. It is a plan that has been in the works for centuries. The problem, however, is that we have been conditioned not to think that big. Yet, the lie is that big.
The parties
Our current financial situation was not bred out of incompetence, but by design. The occupancy of Barack Hussein Obama as the putative President of the United States was a plan in the making long ago, to usher in this oppressive system where we will be left at the mercy of the global ruling class. It is not by accident that we have been prevented from knowing exactly who this man is, from the controversy of his birth records to his college transcripts and even his social security number. Contrary to what the state-controlled media wants you to believe, these questions have never been answered with any measure of authenticity.
For example, does anyone honestly believe that it is merely a coincidence that Obama’s alleged mother, Stanley Ann Dunham-Soetoro, just happened to work with Timothy Geithner’s father, Peter Geithner, at the Ford Foundation in Indonesia? Is it reasonable to believe that the Republican party had no knowledge of the background of Barack Hussein Obama? Yet not one word from the Republican establishment as they not only watched, but facilitated the takeover of the United States from within. As I’ve written before, our nation is a captured operation.
The plan was set into motion long ago, stemming back to the founding of the United States and the temporary resistance to the central banking system. In 1913, the creation of the Federal Reserve set the countdown clock in motion for the complete subjugation of the United States to the interests of the global bankers and the global elite. The secret supra-governmental cabals such as the Council on Foreign Relations and the Trilateral Commission worked behind the scenes, under the cover provided by the complicit media, to bring us to this point in history. Perpetual wars were induced to occupy the masses while the chess pieces were placed into their current positions. We are now about to pay the price for our inability or unwillingness to confront the establishment and incremental advancements leading to our own demise.
DHS source: Everything is not “coming up roses”
According to the most recent information provided to me from my source within the Department of Homeland Security known as “Rosebud,” the final preparations are being made to deploy heavily armed federalized forces onto the streets of America. They will be deployed under the pretext of “restoring and maintaining order from the chaos brought about by the economic collapse,” adding that “many will demand and embrace their deployment on the streets of America. They will get what they ask for, and more.“
Much like the security theater we have seen following the attacks of 9/11, we will be subjected to the jack-booted control of a federal army whose allegiance is not to the American people, but to the very architects of the chaos.
“This is the reason that drones are flying over U.S. cities and farmland, and gun control legislation is on the fast track for complete implementation,” stated this source. “How can people look at the situation in Cyprus and not think it won’t happen here? It will, and the blowback will be unlike this country has ever seen. Surveillance, disarming the public, and conditioning the people to believe it’s for their own safety is and has been part of the plan all along. Anyone owing a gun will be demonized and described as contributing to the problem.”
“What happens when the middle class loses much of their wealth, or it is confiscated, by the stroke of a pen or a keyboard? What will the stores look like when people, unprepared due to the damn lies of the corporate media and the shills for the ruling elite, run to empty out everything they can get their hands on as the world, as they know it, collapses around them?”
It was during my most recent contact with my source yesterday that he admitted that the situation will be blamed not on the bankers and the elected leaders who are raping us of our wealth and buying power, but on “right-wing, gun-toting Conservative ‘militia’ groups who believe that the situation is orchestrated.” And, of course, it is orchestrated.
“There is no Republican-Democrat argument to be made anymore. It’s all political theater to keep the majority of the masses occupied while the true enemy has already captured both parties,” he added. “They are all in on it, either knowingly or unwittingly, the takeover, that is. And it’s getting harder to believe that there are any who are unwitting accomplices at this point.”
“When the curtain is pulled back to reveal the true agenda of a single digital world currency, the people who have been yelling the loudest about such ‘conspiracy theories’ will be specifically singled out and demonized. They will be blamed for causing the panic we will see, and of course, dealt with by the army we asked for, accepted and even tolerated.”
Anyone who still believes that the information provided by this insider is “doom porn” or some self-created fantasy need to look at the events taking place in Cyprus. It’s coming to America. It has already begun.
and......
EU theft of private bank accounts a “sacrifice” to mainstream media
 | - Judi McLeod (Bio and Archives) Monday, March 18, 2013 (13) Comments | Print friendly | Subscribe | Email Us |
The mainstream media downplaying of what is happening in the Mediterranean Islandof Cyprus this weekend is already muddying the water.
Media downplaying notwithstanding, the unvarnished truth about what is happening in Cyprus is both precedent setting and staggering in dimension.
Yet mainstream media reports are already describing the robbery of ordinary depositor’s money as a “one-off levy”, and writing “the first time a deal has called for savers to sacrifice some of their cash holdings”.
As the Brits, who have already come to the rescue of their military personnel and ex-patriots would say: “Bollocks!”
Outgoing President Demetris Christofias of Cyprus is a Communist. They say Christofias was the “only” Communist in the EU, but how far away from Communism is Socialism?
An indication about how the EU socialists feel about communists? Under the EU’s rotating chairmanship, Christofias, the communist, chaired EU meetings from July 1st until the end of 2012.
Describing the 9.9% levy on savings over C100,000 and a 6.75% levy on savings below C100,000 as a “one-off levy” would be akin to a caught-in-the-act bank robber saying he was only planning to rob the bank once. Stealing money from savers then describing it as sacrificing some of their cash holdings, is an outrage.
The governments of our day never sacrifice, many getting rich while serving public office.
The story of the Cyprus levy on savings is further clouded by media chatter about the Russian banks’ cross-board loans to Cypriot-based Russian companies which totaled $30-40 bn at the end of 2012, or equal to 15-20 per cent of Russian banks’ capital base in Russia, and 5-6 per cent of their gross corporate loans.
Ordinary bank depositors should not lose out no matter how many cross-board loans to Cypriot-based Russian companies exist.
Nor are big banks in bed with big government politicians an anomaly peculiar to the beleaguered Island of Cyprus.
The hypocrisy of socialists in bed with big banks is jaw-dropping.
Two days before Cyprus depositors were relieved of their cash, the Deutsche Bank’s global head of FX strategy, Bilaf Hafeez gave a speech indicating the euro area needs a role model that people across Europe can respect.
“I can only think of one figure that is respected by most Europeans and has never sinned, Jesus!” Hafeez said. (Business Insider, March 14, 2013)
Incredible to note that the Deutsche Bank’s research department transcribed Hafeez’s speech and sent it out to clients in a note.
The EU threw the image of the Savior over at their formation 14 years ago, replacing His image with that of Europa, Woman on a Bull, whose image is permanently parked in front of the EU Parliamentary Building in Strasbourg with a corresponding statue in front of the EU Commission Building in Brussels.
Meanwhile, pray that what is happening in Cyprus this weekend is not precedent setting for other nations. If this blatant EU rip-off of its own people is allowed to stand, unscrupulous socialist politicians in office will set policy that forces their populations tosacrifice some of their cash holdings to greedy governments the world over.
No comments:
Post a Comment