Was immer die Politik in Washington nun unternimmt: Es ist eine klassische Insolvenzverschleppung.
Regardless of what politicians in Washington do: It is a classic bankruptcy delay.
Die größte Industrie-Nation der Welt wandelt damit auf den Spuren Griechenlands.
The largest industrial nation in the world is changing to follow the footsteps of Greece.
Die Auswirkungen auf die Psychologie der Märkte dürften von den zerstrittenen Parteien übersehen worden seien.
The impact on the psychology of the markets is likely being overlooked by the conflicting parties
Wenn die Banken jetzt schon Angst vor einem Bank-Run haben, ist das ein äußerst bedenkliches Signal für alle Investoren. Denn auch die US-Notenbank Federal Reserve ist wegen der massiven Aufkäufe von Staatsanleihen faktisch insolvent. Ihre aufgeblähte Bilanz-Summe ist eine Zeitbombe, die es ihr schwer macht, Obama in der Not zu helfen.
If the banks are already fearing a bank-run, then such is an extremely serious signal for investors since the Federal Reserve Bank Note is factually insolvent due to the massive purchases of government bonds. Its bloated balance sheet is a time bomb which complicates its ability to help Obama.
Das System nähert sich seinem Ende.
The system is nearing its end.
High Noon in Washington – und kein Retter in Sicht.
High noon in Washington – and no savior in sight.
Translated from Deutsch Türkische Nachrichten 04.10.13, 10:12
@notamused
I’ve not set foot in the US in 8 years. I personally severed all financial ties with the US then after liquidating all my assets. Problem is that many of us still work with firms based in the US. I will find a way around this problem for now, but it’s obvious that this is only part of a trend in the US as it continues it’s social, moral and financial collapse.
Yitzi,
I just received this as an email so do not have a link for it… but will probably eventually show up here… (I am not a paid marketer for this site and do not endorse any products or sales solicition)
However, in light of your posting above, it caught my eye this morning…
October 16, 2013
Santiago, Chile
The path to tyranny is almost always paved with good intentions.
And so, enter stage left, the innocuously named Consumer Financial Protection Bureau (CFPB).
These government agencies with the catchy, high-sounding names are always the most dangerous. After all, it was the ‘Committee for Public Safety’ that was responsible for wanton genocide during the post revolution Reign of Terror in France.
Recently, the CFPB ‘encouraged’ retail banks in the Land of the Free to ‘help’ their customers regarding international wire transfers. And by ‘help’, they mean prohibit.
Of course it’s all for ‘consumer protection’.. So under the guise of safety and security, several banks will curtail retail customers’ abilities to send international wire transfers.
Chase, for example, will start to limit cash withdrawals and ban business customers from sending international wire transfers from November 17 onward.
And starting October 20th, HSBC USA’s Premier clients will have to wait a minimum of five days before transferring funds to their OWN international accounts!
This is the very nature of capital controls– restricting the free flow of capital across borders until it is trapped inside the country and forcibly denominated in a rapidly devaluing currency.
And this is exactly how it starts… making it more difficult to move money abroad.
I had posted on a thread (can’t remember which one) that I had received an email from one of my banks in mid-September indicating that HSBC and JPMorgan had ceased to provide check clearing services for USD funds outside the US and that they therefore could no longer offer USD cheque clearing.
Several months ago, I spent nearly an hour on the phone with Fidelity trying to perform a wire transfer and finally gave up. They asked all sort of questions that I didn’t think they were entitled to know the answer to. I resorted to a cheque, though it took five weeks for the funds to clear. Now that you can’t use a cheque to transfer money anymore, I feel like they’ve just trapped my USD funds in the US.
This also presents a major issue for US taxpayers abroad. Many file estimated taxes by 15 June and get an extension for the return itself. This often means you overpay and get the difference back. If you don’t happen to have an account in the US, what do you do with the refund cheque? Does the USG expect you to burn it?
@Edelweiss, I’m guessing I’ll probably have to write my refund off.
@yitzi, I’m kind of getting the impression that some interests are giving the good folks in Israel some bad advice.
Some comments to this article are helping me to get that Impression and I tried to correct them:
.
http://www.jpost.com/Opinion/Editorials/Americans-abroad-328898#comment-1085344255
Confirmed: Chase bank drops the hammer on capital controls; no money allowed to transfer out of USA starting Nov. 17th
Better serving their customers??
(NaturalNews) I admit that when I saw today’s breaking news on InfoWars.com about Chase Bank limiting cash withdrawals and banning international wire transfers, I was skeptical. Many readers didn’t believe it, either. So just to check it out, I called my own accounting team to ask if we had received a similar letter from Chase, announcing that no international wire transfers would be allowed after Nov. 17th.
Sure enough, we were sent the same letter! I’ve posted a JPG image of the letter below so you can read it for yourself.
Or Click here to see the hi-res scan of this letter. This is the letter that we received directly from Chase. This is not secondhand information.
The letter clearly states that beginning November 17:
• All international wire transfers will be disallowed.
• All cash activity, including cash withdrawals and deposits, will be halted at “$50,000 per statement cycle.” How are businesses who deal with a lot of cash (such as restaurants) supposed to function under such restrictions?
Learn more: http://www.naturalnews.com/042529_Chase_bank_capital_controls_financial_red_alert.html#ixzz2i1Jnu7Ki
From Forbes…
No, JPM Isn’t Banning International Wire Transfers, No Limits On Withdrawals Either
http://www.forbes.com/sites/halahtouryalai/2013/10/17/no-jpm-isnt-banning-international-wire-transfers-no-limits-on-withdrawals-either/