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IPFS News Link • Economy - Economics USA

LOCK DOWN: Your Cash Is No Longer Your Own: “Everything Is Fine”

•, By Mac Slavo
 We hope you’re paying attention.

If there were ever a red flag warning about the economic and financial destruction to come, JP Morgan Chase Bank began flying it this morning.

In a shocking report from Infowars we learned that mega-behemoth Chase has issued letters to thousands of business customers indicating that they will no longer be allowing international wire transfers or cash deposits/withdrawals in excess of a $50,000 monthly cap.
Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations. 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.

1 Comments in Response to

Comment by Hoyt Stearns
Entered on:

That'll have a good side effect -- more people will use BitCoins for international transfers.