JP Morgan Chase Bank Preparing for Collapse

[M590a1]

They are limiting withdrawls and ELIMINATING international wire transfers.

http://www.youtube.com/watch?v=CZonisszisw

[Gravlore]

When? Still up and running...

https://www.chase.com/business-banking/online-banking/wire-transfer

Cant find anything from JPM Chase on the withdrawl limits. They must announce such things but cant find a source (scoured CNBC, chase.com etc). No 3rd party sites please as it turns out to be a game of telephone in many cases.


Please read the comments and the vast majority hold my view on this type of 'news'. It may happen but if it is puked up by AJ and cited by his own articles it is most likely BS.

http://www.reddit.com/r/Bitcoin/comments/1okwk7/chase_bank_limits_cash_withdrawals_bans/

[M590a1]

I can't imagine a mainstream media announcement on these things.  *shrug*  Another item that is considered a conspiracy now and will soon be matter-of-fact leaving no credit or respect to those who broke the story.  Don't forget, you heard it here first

[Gravlore]

It seems it is for business wire transfers. This could be because of tax loopholes and money being funneled to offshore accounts. Not sure but may be a reason.  Many businesses funnel millions of taxable dollars into tax havens. I will look into it more.

[icrcc]

Chase  bank seem to be doing the same thing according to this article.

http://beforeitsnews.com/economy/2013/10/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers-2561750.html

[Gravlore]

Canada's version and so far it seems to be what I figured. Tax evasion is a real problem as we have witnessed in Saskatchewan with Cameco. This is about who it is reported to.

http://www.stikeman.com/cps/rde/xchg/se-en/hs.xsl/17691.htm

[icrcc]

Here is another reference:

http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/

[Primus is Scrounger]

http://www.forbes.com/sites/halahtouryalai/2013/10/17/no-jpm-isnt-banning-international-wire-transfers-no-limits-on-withdrawals-either/

[icrcc]

So if I read that correctly they (financial institutions) are (limiting some wire transfer's) , letters were sent, they say that they are but really they are not?
If it looks like a duck, walks like a duck and quacks like a duck its probably a duck.

[JustABear]

It would seem that what is seen or presented can be a product of information manipulation and / or context. Withholding a portion of the information can result in an entirely different bit of "knowledge" than when all the facts or information is there. Media manipulation again?  Thoughts?

[JustABear]

So if I read that correctly they (financial institutions) are (limiting some wire transfer's) , letters were sent, they say that they are but really they are not?
If it looks like a duck, walks like a duck and quacks like a duck its probably a duck.

I would say... the bank has a number of different levels of accounts that provide service thresh holds for a certain fee. With the account the letter from Chase was addressing perhaps the limits are what you can do for that fee. If you go over you would have to pay increased fees / penalty. It would be interesting to see the actual service agreement the letter was addressing and how it applies. I have had letters from my bank and insurance company that in reading them I had to call and clarify their position before I removed all my business. In the end it was my misinterpretation of the wording... not the actual intent ...  that caused the problem. Possibly the same thing with this?

[icrcc]

Yes we will have to wait and see. They had an intent when they sent out the letter. Time will reveal the intent.

[Gravlore]

Thanks for the Forbes link Primus. It looks like they need to make up some bucks for their shady whale scandal.