Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls. Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.
UPDATE: Chase Bank confirmed to Infowars that all business account holders were being subjected to these new regulations.


Abubakar Bello of Niger State, Nigeria, has uncovered the withdrawal of N70 billion cash by a few officials from two bank accounts of Government House in the state. 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.





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