After the 2008 global financial crisis, the U.S. Gov’t and Federal Reserve spent trillions of dollars bailing out the banks and propping up the markets. In the process, the national debt exploded to unsustainable levels and the Fed exhausted all its ammo. So with the U.S. rapidly going bankrupt, something else needed to be done to prevent the entire banking system from collapsing again. The solution: Congress enacted laws that give the U.S. Gov’t power to freeze & seize citizen bank accounts in order to save the banks. But there’s ONE asset that can’t be touched.
(NaturalNews) As we predicted, the cash crisis in America is beginning, and the occasion has been marked by a recent announcement from one of the country's largest banks. Beginning May 1, JPMorgan Chase will begin charging certain (wealthy) depositors for the "right" to keep their money in JPMorgan Chase banks.