Currency Controls At Chase

Chase-Bank-10-08-2013-Blackout-900

We have been given several letters from readers all saying the same thing addressed to different firms around the country and all are dated October 8th through October 10th. This is very strange to be cancelling all international wires and preventing cash withdrawals. Nothing has yet surfaced from any other bank but we have our feelers out right now. We have UNBLACKED OUT versions with client names and account numbers.

Nevertheless, this proves the risks with banks. Whatever is there can be simply frozen. This is one reason why capital is moving into equities.