U.S. Capital Controls Firmly in Place Now

October 18, 2013

By: Bobby Casey, Managing Director

us capital controlsI’ve been saying that capital controls in the US are inevitable for the past four years.  Blinded by the irrational belief America is still the best place on earth, most Americans disregarded me and called me a conspiracy theorist. 

“That would never happen in the US,” they said. 

“How could the US possibly close its doors to international business,” I have heard repeatedly.

“What would currency controls even look like?” said by many of our subscribers.

Well folks, capital controls have finally hit the mainstream.

Just today one of my clients sent me this letter.  This was the actual letter he received from his US bank, Chase:

 

Chase PNG

 

You can see the dates.  My client received this letter on October 7th.  As of November 17th, he is no longer able to make any outgoing international wire transfers. 

In addition to that, he is now limited to $50,000 in monthly cash transactions.  Wow. 

Literally as I was writing this article, another client emailed me with exactly the same letter, also from Chase.

I hate to say it folks, but – I told you so.  I’ve been telling our readers this for years.  Take action before it’s too late.

DO SOMETHING NOW!!!

At this time, it may only be Chase. Maybe your bank still allows international wires.  But what about next week?  Or next month?  Will it still be allowed?

This is nothing more than an effort to stem the flight of capital.

The slave masters are scared. 

They are afraid.  They know you can see the cracks in the foundation. 

The banking aristocracy is taking drastic measures to ensure your capital stays right where they want it – with their banks in the good ole US of A.

These capital controls underscore a more deep seated problem in the US. 

What company – large or small – will invest in factories, offices, or staff in the US, home to capital controls, out of control government spending, and the highest corporate tax rate on the planet? 

Long term this does not play out very well for the economic activity in Amerika.  The more the slave masters try to control the masses, the more the shackles are broken. 

I would highly encourage you to act now.  At a minimum, get a portion of your cash outside the US while it is still possible. 

We can help you open offshore bank accounts at more than a dozen banks in several different countries (at least while they still accept Americans).  We have a variety of strategies to help you diversify your wealth offshore to ensure you are not devastated as the American banking system continues to worsen.

Our GWP Insiders members get significant discounts on setting up offshore companies, trusts, foundations, bank accounts and more. 

For non-members, please contact us today to learn how you can move a portion of your money offshore before it’s too late.

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Comments

  1. Fred Scott says

    Scary stuff, indeed.

    If true.

    Which it isn’t.

    You can copy-n-paste this into your browser:

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

    All the banks are doing is eliminating a lot of free perks that used to go with these low-level banking plans.

    Wanna send wire transfers overseas?

    You can send ALL YOU WANT.

    But you gotta PAY FOR THEM!

    Wanna do withdrawals for more than the maximum amount?

    Knock yourself out.

    But when you exceed that amount, you gotta pay a FEE!

    And if you don’t pay individually for each specific instance, you get UPGRADED to the next level of banking plan.

    WHICH INCLUDES ALL THOSE TRANSACTIONS, but at a HIGHER MONTHLY COST.

    AIN’T NOTHIN’ FREE.

    Simple bank greed, not ‘Capital Controls’.

    And these types of changes are ubiquitous within the banking sector.

    Best Regards,

    Fred Scott

    • Kelly Diamond says

      The wording of these notices don’t exactly indicate that. Why not just say, “Hey, you currently have a plan that will soon no longer offer international wire transfers, and has no limits on your bank transactions. That will be changing soon, but we offer a new premium service package that has those features if you are interested called the Knock Yourself Out Plan…”

      Cynic that I am, I would say that this is a way of calling out the people who are avid international money movers. The banks like Chase probably have a particular plan which is exclusively for international money movers, so that they can just point the feds at a list of customers with a certain plan. Okay, the services are still available at a premium… for now. But the way the letters were worded, and the way the feds are hunting down international money movers through legislation like FATCA tells me that this is just an intermediate stage before the other shoe drops…

  2. Jay Jacobs says

    LOL! Yes if you bank with Chase, Skank of Amerika or Wells Fargo that’s only the tip of the iceberg. I can’t imagine why anyone would bank with these clowns.

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