HSBC Restricts Large Cash Withdrawals

[Leasy]

Smh about to hit the fan

 

[Starman]

they clearly dont have it certs

Anyway, I'm tempted to be on some money under the mattress shyt. No Court dog.

Bank interest rates suck and there something to be said for getting the amount you want when you want.

 

[Meta Reign]

it's finally happening. . . The inevitable.

 

[yeahisaidit]

It's about to go down, literally.

 

[Mr. Somebody]

@alybaba Are you concerned about this in regards to your investments. I have a lot of mutual funds and these stories worry friends a bit. How safe are mutual funds in this market.

Im beginning to wonder if the people calling doomsday are people without much in the bank which makes it hard to tell if people are just happy to see something burn or are themselves legitmately concerned, friend.

 

[Kritic]

@alybaba Are you concerned about this in regards to your investments. I have a lot of mutual funds and these stories worry friends a bit. How safe are mutual funds in this market.

Im beginning to wonder if the people calling doomsday are people without much in the bank which makes it hard to tell if people are just happy to see something burn or are themselves legitmately concerned, friend.

none of that sh1t will matter. the only thing that will matter is how many bullets you have. bullets will get you food and money.

 

[Mr. Somebody]

none of that sh1t will matter. the only thing that will matter is how many bullets you have. bullets will get you food and money.

How much money do you ahve exposed in the market.

Why does the thought of me losing money make you laugh, friend.

Thats my nest egg

 

[Kritic]

How much money do you ahve exposed in the market.

Why does the thought of me losing money make you laugh, friend.

Thats my nest egg

none. real niccas don't have wallets.

for the same reason i like laugh watching videos of people violently dying.

 

[Mr. Somebody]

none. real niccas don't have wallets.

for the same reason i like laugh watching videos of people violently dying.

You're a demon, i see.

Please take that filth somewhere else. It bothers me.

 

[Kritic]

i was kiddin...

 

[Mr. Somebody]

i was kiddin...

This is real life. I could lose everything here friend. Lets not be happy for misfortune. Alot of people could be hurt while you're swimming in your pile of bullets like Scrooge Mcduck.

 

[Uncle Kingpin]

Chase did something similar late last year, banning outgoing intl wire transfers and cash activity of more than 50,000 a month for small business accounts. Lately i been saying fukk an atm and been withdrawing in lump sums, and lately they have been giving me a hassle, one time they wouldn't let me withdraw the amount in cash only cashier's check, I had to go to a diff branch. Physical cash can rapidly become a problem, especially if emerging markets stay unstable. The dollar is the world's currency, and they want cash not credit.

 

[TLR Is Mental Poison]

Chase did something similar late last year, banning outgoing intl wire transfers and cash activity of more than 50,000 a month for small business accounts. Lately i been saying fukk an atm and been withdrawing in lump sums, and lately they have been giving me a hassle, one time they wouldn't let me withdraw the amount in cash only cashier's check, I had to go to a diff branch. Physical cash can rapidly become a problem, especially if emerging markets stay unstable. The dollar is the world's currency, and they want cash not credit.

Cash is like 5% of the money in existence

 

[Kritic]

Argentinas banking archives are destroyed in unexplained fire

07 Feb 2014

While we are sure it is a very sad coincidence, on the day when Argentina decrees limits on the FX positions banks can hold and the Argentine Central Bank’s reserves accounting is questioned publically, a massive fire – killing 9 people – has destroyed a warehouse archiving banking system documents.
As The Washington Post reports, the fire at the Iron Mountain warehouse (which purportedly had multiple protections against fire, including advanced systems that can detect and quench flames without damaging important documents) took hours to control and the sprawling building appeared to be ruined. The cause of the fire wasn’t immediately clear - though we suggest smelling Fernandez’ hands…
“There are cameras in the area, and these videos will be added to the judicial investigation, to clear up the motive of the fire and collapse,” Montenegro told the Diarios y Noticias agency.

http://www.hangthebankers.com/fx-co...g-archives-are-destroyed-in-unexplained-fire/

 

[Kritic]

http://www.hangthebankers.com/harvard-economist-fears-bank-runs-are-coming-very-soon/
Harvard Economist fears bank runs are coming very soon
07 Feb 2014

Former Harvard Professor of Economics Terry Burnham fears starting a “run” on Bank of America after he made public his decision to withdraw $1 million dollars from his checking account as a protest against Janet Yellen beginning her term as Federal Reserve head this month.

Burnham explains that Bank of America may be “unwilling or unable” to return his money should one of a number of different circumstances arise, such as depositors demanding their money back en masse, or if the investments on which 90% of depositors’ money Bank of America has loaned out to cover go bust.


In an article for PBS entitled Is your money safe at the bank? An economist says ‘no’ and withdraws his, Burnham, an ardent critic of the Fed, writes, “Why do I risk starting a run on Bank of America by withdrawing my money and presuming that many fellow depositors will read this and rush to withdraw too? Because they pay me zero interest. Thus, even an infinitesimal chance Bank of America will not repay me in full, whenever I ask, switches the cost-benefit conclusion from stay to flee.”
A recent spate of banker suicides has stoked fears that a major financial crash could be just around the corner, one indication of which could be banks like HSBC imposing capital controls on customers attempting to withdraw larger sums of money. Last week, Russian lender ‘My Bank’ also temporarily banned all cash withdrawals.

http://www.hangthebankers.com/harvard-economist-fears-bank-runs-are-coming-very-soon/