Is Chase Bank Preparing For the Collapse Of The Dollar?

 (Photo credit: RealAlexJones)

Chase Bank branch (Athens, Ohio, USA) Wikipedia)

According to the Alex Jones' INFOWARS web site:
"...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..."

Paul Joseph Watson, writing for INFOWARS explains that Chase Bank confirmed that all business account holders "...were being subjected to these new regulations. They indicated that customers would have to pay a fee on every dollar withdrawn over the limit. 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..."

"...Chase told us customers would have to upgrade to much more expensive accounts to avoid the capital controls, meaning larger corporations will not be affected. The bottom line is that banks think your money is their money and will do everything in their power to prevent you from withdrawing it in large quantities..."

Watson provided redacted copies of Chase documents (letters to customers) that state:

"...You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We'll cancel any international wire transfers, including recurring ones, you scheduled to be sent after this date..."

And:

"...Your cash activity limit for these account(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs..."

What does this mean?
Watson explains:

"...Why has Chase announced such a ludicrous and restrictive policy change? Speculation is rife that the bank is preparing for some kind of economic crisis by "locking down" its customers’ money...Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar..."

Note: While Watson reports on Chase's action, he is speculating.

"...Whatever the truth behind the policy change," he says, "Chase really needs to publicly explain its reasoning in order to quell the speculation..."

See Watson's article HERE...

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