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Author Topic: Cash withdrawal limits and reduced hours coming to US banks within 60 days.  (Read 920 times)
Monster Tent
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March 23, 2013, 01:30:36 AM
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http://www.freethinker.com.au/bank-manager-verifies-cash-withdrawal-limits-reduced-hours-coming-to-us-banks-within-60-days/

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Mike Christ
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March 23, 2013, 01:33:40 AM
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Nice; screw the citizens, and the bank employees, all in one fell swoop.

In other news, the bank of me is open for as long as it's not my nap time Grin

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March 23, 2013, 01:40:53 AM
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wtf.
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March 23, 2013, 04:05:41 AM
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The source of the story is Steve Quayle.

http://www.stevequayle.com/

http://www.stevequayle.com/index.php?s=28

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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March 23, 2013, 07:10:14 AM
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This article is kind of stupid. I guess people don't realize that there already is a limit to the amount of cash you can withdraw. The daily limit from the ATM is $300 for me. I don't know what the limit is if you walk up to a teller, but I'm sure there must be one. The bank only holds so much cash.

The article said nothing about restrictions on writing checks, using a debit card, or transferring funds. Anyway, who uses cash any more?

This article is based on the myth that money deposited in an account at a bank is stored as cash in the bank's vault, which of course is completely false.

Buy bitcoins with cash from somebody near you: LocalBitcoins
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Sage
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March 23, 2013, 07:33:39 AM
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It feels like a bit of an alarmist piece to me.  But it's only a matter of time... the same playbook is repeated again and again.

With 16.4T debt (108% of GDP), there are few options left.  No country in history has ever recovered from a debt load to GDP greater then 1:1 without a default.  Short of some technological and/or innovation miracles USA will be no different.

Ever tighter capital controls clamped on those in the land of the "free" are coming.  What's it going to take for the "freeman" to see it?
TradeFortress
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March 23, 2013, 07:47:06 AM
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This article is kind of stupid. I guess people don't realize that there already is a limit to the amount of cash you can withdraw. The daily limit from the ATM is $300 for me. I don't know what the limit is if you walk up to a teller, but I'm sure there must be one. The bank only holds so much cash.

The article said nothing about restrictions on writing checks, using a debit card, or transferring funds. Anyway, who uses cash any more?

This article is based on the myth that money deposited in an account at a bank is stored as cash in the bank's vault, which of course is completely false.
What account do you have where the daily limit is $300??
odolvlobo
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March 23, 2013, 08:27:13 AM
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This article is kind of stupid. I guess people don't realize that there already is a limit to the amount of cash you can withdraw. The daily limit from the ATM is $300 for me. I don't know what the limit is if you walk up to a teller, but I'm sure there must be one. The bank only holds so much cash.

The article said nothing about restrictions on writing checks, using a debit card, or transferring funds. Anyway, who uses cash any more?

This article is based on the myth that money deposited in an account at a bank is stored as cash in the bank's vault, which of course is completely false.
What account do you have where the daily limit is $300??



Buy bitcoins with cash from somebody near you: LocalBitcoins
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March 23, 2013, 11:25:37 AM
 #9

Bitcoin also have 21 million BTC withdrawal limit. But it operates 24/7/365

The centrally managed cashless society will be forced upon in small steps, this is one of them.

And Bitcoins are like cash and even better.

1LEaxxAh1LKFUvDKYVhiMEVAHRM7K5o7cF
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