Banking restrictions

[Gerard Zwaan]

There seems to be internet problems going on. Is this connected to Planet X? [and from another] http://money.cnn.com/2014/01/26/news/world/uk-lloyds-atm-outage/ind...  A Lloyds Banking Group spokeswoman said the three-hour outage had been resolved. A technical problem left customers at the U.K.'s largest bank unable to make purchases or withdrawals using their payment cards. [and from another] http://www.bbc.co.uk/news/business-25861717  Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it. [and from another] http://iacknowledge.net/breaking-hsbc-bank-and-china-out-of-cash-ch...  The People’s Bank of China, the central bank, has just ordered commercial banks to halt cash transfers. In short, there will be a three-day suspension of domestic renminbi transfers.  There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency. The specific reason given—“system maintenance” at the central bank—is preposterous.  It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31—the central bank would schedule an upgrade and shut down cash transfers. [and from another] http://en.ria.ru/business/20140127/186966541/Russias-Central-Bank-B...  Russia’s top monetary authority slammed digital currencies, warning that Bitcoin use can lead to criminal charges in the country. The anonymously produced “virtual currencies” can be intended by its producers for money laundering and terrorism funding purposes, the Central Bank said in a statement. This means that Russian digital currency users can become involved in criminal activity simply by using the Bitcoin and its analogues.

Suddenly banks are tightening the rules and the reins, all in the weeks ahead of the anticipated announcement admitting that Nibiru exists and is nearby. Is there a relationship? We predicted that banks would limit their hours, limit their withdrawals, and even be closed temporarily if a panic ensued. The likely time when such steps would be viewed as necessary would be during the announcement and shortly thereafter. One of the first reactions in a populace taken by surprise by the announcement would be to stock up on food, gasoline, and cash. The banks are anticipating a run on their ready cash, which frankly is not in hand! 

The complicated world of paper money is such that banks are not required to hold what is technically owned to depositors in the form of cash. It is, therefore, technically impossible for a bank to payout savings to depositors, on demand. This likewise guts their standing, as to issue loans they have to have backing for the loans, and savings is one of the pillars their house of cards stands upon. For both those reasons, a run on a bank, whereby depositors try to pull out their savings, would be sharply limited during a panic. The steps taken by banks in the UK and and elsewhere are only part of the picture, as most limitations already in place have not yet hit the media. 

Source: ZetaTalk Chat Q&A for February 1, 2014

[Ecosikh]

and for a change...

a bitcoin exec is sadly found dead

just so sad to read this news.

http://www.dailymail.co.uk/news/article-2573863/Bitcoin-exchange-CE...

[Howard]

After 5 banker deaths in January, a 6th yesterday.

J.P. Morgan Executive Jumps to his Death in Hong Kong (Feb 18)

Across the world, bankers are plummeting to their deaths.

In the latest of a series of fatal falls, a 33-year-old J.P. Morgan employee leapt from the roof of J.P. Morgan’s Hong Kong headquarters on Tuesday, above, plunging thirty stories to his death.

The employee’s role at the bank was unknown. Witnesses say police tried to stop the man from jumping to no avail. The employee’s death is just the latest in a string of seeming suicides that have wreaked havoc in the moneyed class over the past months.

On Jan. 26, a former Deutsche Bank and Merrill Lynch executive with close ties to the co-chief executive of Deutsche Bank was found dead in London after police received reports of a man found hanging in his house. On Jan. 27, a senior manager at J.P. Morgan’s European headquarters plunged to his demise from the bank’s headquarters in the same city. And several days later, in Washington state, the chief economist for Russell Investments fell down a 50-foot embankment and died.

Police categorized all three deaths as non-suspicious. The Russell Investments economist was reported to be having “problems at work;” the J.P. Morgan executive landed on an adjacent roof and could be seen from the office kitchen (a building employee said other staffers “avoid[ed] entering the room as a result,” even though the body wasn’t removed until four hours later), and the former Deutsche Bank exec was passed over to become chief risk officer for his company in 2012.

But that’s not all.

- Two weeks ago, Richard Talley, 57, the founder of American Title Services, was found dead with up to eight wounds to the torso and head after apparently shooting himself with a nail gun.

- Last Thursday, 37-year-old JP Morgan executive director of equities Ryan Henry Crane died in his Stamford, Connecticut home. No reason was given; the cause of death will be formalized when a toxicology report is released in six weeks.

- And also in January, U.K.-based communications director at Swiss Re AG, Tim Dickenson, was found dead; the circumstances surrounding his death remain unknown.

There’s also the matter of a missing commodities journalist.

Police have yet to find any trace of David Bird, 55, a 20-year veteran of the Wall Street Journal who covered commodities markets and was last seen leaving his New Jersey home Jan. 11. Reports the Journal:

The Long Hill police department, which is leading the effort, had three searchers out Friday… The Federal Bureau of Investigation is assisting as needed, a bureau spokeswoman said.

Mr. Bird was putting away Christmas decorations with his wife, Nancy, when he put on his red rain jacket and said he wanted to take a quick walk before an expected rainstorm. He left the house at 4:30 p.m.

He didn’t take his phone or the twice-daily medication he needs as a liver-transplant recipient. The couple has two children, ages 12 and 15.

But today in Hong Kong, coworkers say the 33-year-old man who leapt to his death Tuesday had complained about being under “heavy work-related stress.” No suicide note was found.

Source

http://www.voiceofthevalley.com/community_news/news/article_593408a...

[Howard]

Another banker suicide, making it 4 in one week. The same day William Broeksmit was found hanged in the UK on January 26, India's Tata Motors managing director Karl Slym was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he could have committed suicide.

Financial World Shaken by 4 Bankers' Apparent Suicides in One Week (Feb 3)

http://rt.com/business/russell-investments-chief-economist-dead-564/

http://www.firstbiz.com/biztech/tata-motors-down-4-after-md-karl-sl...

[Howard]

Third Prominent Banker Found Dead in 6 Days (Jan 31)
Federal Reserve economist Mike Dueker was found dead in an apparent suicide near Tacoma, Washington.

Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

He may have jumped over a 4-foot (1.2-meter) fence before falling down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday. He said the death appeared to be a suicide.

Dueker had been missing since Jan. 29 and was reportedly having troubles at work.

Dueker is the third prominent banker found dead in the past week.

On Sunday, William Broeksmit, 58, former senior manager for Deutsche Bank, was found hanging in his home, also an apparent suicide.

On Tuesday, Gabriel Magee, 39, vice president at JPMorgan Chase & Co’s (JPM) London headquarters, apparently jumped to his death from a building in the Canary Wharf area.

Sources

http://www.bloomberg.com/news/2014-01-30/russell-investments-chief-...

http://www.housingwire.com/articles/28796-third-prominent-banker-fo...

http://www.dailymail.co.uk/news/article-2550025/Chief-economists-ap...

"Coinciding almost exactly with tightening restrictions on savings or ATM withdrawals in the UK, these supposed suicides look highly suspicious. Neither was a suicide, but will never be proven otherwise by the careful assassins who left no trace of their handiwork. The withdrawal restrictions were to test the public’s tolerance for restrictions on what is essentially their own money held by the bank, a matter which will likely become critical after the announcement admitting that Nibiru exists and is positioned for a passage past Earth. To survive, banks will need to hold onto savings, and hoping to preserve their opulent lifestyle many in senior positions want to stifle all criticism of their roles.

"Who will the public blame when they realize they have taken out mortgages on properties in cities due to become unlivable, along the coastlines and in low lying areas? One day the senior banking executives are encouraging the status quo, encouraging the public to become indebted to the bank, and on the next day savings withdrawals are to be restricted and, no doubt, homes foreclosed if the mortgage payments are not made. This forces the public to live in unsafe areas, to work jobs in unsafe areas, or lose their investments entirely. This was of course all by design by the elite of the world, who want the common man to continue as their debt slaves."

ZetaTalk Chat Q&A: February 1, 2014