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Bank Holidays Coming: Get Ready For US Banks To Reduce Hours, Limit Withdrawals

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by Monica Davis

While Europe twitches and waits for the other shoe to drop in the bank crisis, as usual Americans are sleeping through it. Despite the banking crises of the last five years, Americans are acting as if they never existed. Many look at the crisis in Europe as if it is happening on some distant planet in a galaxy far, far away.

In fact, there have been many bank crises in the US and abroad. How can we forget the Wall Street Crash, the Housiing Crash, and the still bubbling Student Loan meltdown?

The United States has a 250 year history of bank crises and panics, beginning with the 1763 crisis which began in Europe. As Wikipedia note, bank crises tend to spread, often far beyond national borders:

Banking panics and systemic banking crises

[edit]18th century

[edit]19th century

[edit]20th century

[edit]21st century

Today’s crisis in the European Union is just the latest in a string of soon to be global bank crises–many caused by liquidity crises, regulatory failures, corruption and so forth. Regulators fail to regulate. Corrupt officials allow their institutions to be used for money laundering—and, reportedly in the Cyprus catastrophe, allow corrupt criminal depositors to withdraw their funds and leave small depositors to take the fall.

Many pessimists believe the contagion will eventually cause American banks to react to the EU crisis.  Today some of them are sounding the alarm: withdrawal limitations, nationalization of accounts, “haircuts”, currency devaluation–and change of currency are all possibilities they are looking at.

Jim Rodgers, a long time investor and critic says that Americans are liing in a dream land of debt, consumption and denial.

“The United States is the largest debtor nation in the history of the world,” Rogers says. “No nation in history that’s gotten itself into this kind of situation has woken up one morning and said, ‘Oh well, that’s behind us now, let’s move on.’ It leads to problems, and unfortunately, most people don’t seem to understand [that].” MOREHERE

 

 

 

 

GUIDE

Bank Manager Verifies Cash Withdrawal Limits and Reduced Hours coming to US Banks within 60 Days



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    • CHRISTIAN WHISTLEBLOWER

      And as soon as they reduce hours, and limit withdrawals, they will pull out the biometric RFID Microchipping the population excuse.

      /alternative/2013/03/americas-cyprus-crisis-all-u-s-banks-to-go-fullblown-biometric-within-3-weeks-2602080.html

      Oh where for art thou have all of the govt trolls went who claimed this is not gonna happen? This site use to have at least 50 gov. trolls per article, but now that the real authors, and the real evidence has become reality, the trolls have disappeared.

      You people better get ready,because in the days to come that feeling that you have had will be played out before you.

      Only Jesus can protect you.

      Peace.

    • clockwork angel

      Yeah most likely will happen however I believe it will take an event like a U.S. orchestrated attack by NK to impose Martial Law on America and the implementing of executive order 51 to give Obama “dictator power”… US citizens wont fall for the BS thats going on in EU test ground called Cyprus, we would need something big to happen here before we would just give up our money to bail out a sunken government….we already have limits imposed on the amounts you can withdraw or spend from your bank account…the electronic fund balance that you have is just a number and not actual “paper” funds amount…try taking your money out and see what a hassle it is, thats why there are limits to what you can withdraw…its coming more sooner than later, keep an eye on what is going on in the UK …thats where most of the big banks have your money invested.

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