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Title: Alex Jones Tv 2/5: Alex Takes Calls on Bank Holiday
Added: Feb 23, 2010
Author: TheAlexJonesChannel
Duration: 9:46
Description:
Update: Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals Announcement stokes fears of old fashioned bank runs if economy takes a turn for the worsePaul Joseph WatsonPrison Planet.comMonday, February 22, 2010A new advisory being sent by Americas third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.An almost identical advisory to the one being sent out can be read on page 22 of Citbanks Client Manual effective January 1, 2010, which can be read here from Citibanks own website.We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past, states the manual.According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future, reads a statement released by the bank.Over the last 18 months, numerous rumors of bank runs, bank holidays, and limitations on access to cash at ATMs have been floating around. Citigroups new policy to restrict withdrawals wont do anything to calm such fears.As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to insure about $1 trillion in assets across the nations financial institutions.This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html
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Channel: Nonprofit
Tags: paul craig roberts economist author former asst treasury reagan wall street journal business week alex jones infowars.com endgame police state martial law 9/11 false flag event glenn beck fox news
paul craig roberts economist author former asst treasury reagan wall street journal business week alex jones infowars.com endgame police state martial law 9/11 false flag event glenn beck fox news
Youtube Comments: 32
herzogsbuick Says:
Feb 23, 2010 - lmao that power plant! "That's pollution, I don't want to be breathing that!!"
majikninja07 Says:
Feb 23, 2010 - all i like about Agw is that when the rare news reporter and one i've seen the guy said no1 ever interviews ppl from his conference tehy were having and they all say climate change is real, co2 is a green house gas, it is not the end of the world, science will solve this problem it is not for politics <- his words
vacinestoxic Says:
Feb 23, 2010 - Thanks Alex.
JESUSSDAD Says:
Feb 23, 2010 - alex should have told that girl to listen more often.
ThisIsSephiroth Says:
Feb 23, 2010 - i work in refineries and the fog is insane during winter, and its not just water. fuck me.... you should see some of the toxic sh!t they use there is fuckin wild. but there are giant boiler in coal powerplants that put off a lot of fog. and these places are always by rivers or lakes.some of the tuff i ve seen go into our rivers is disgusting to say the least.
goeleet Says:
Feb 23, 2010 - Search The Rothschilds Exposedor check out my channel!
esfes1025 Says:
Feb 23, 2010 - actually I was that caller... and I didn't mean to blabber... I just kind of panicked as it was my first time on live air... and he said right before I went on that he wanted to get through calls quickly... so I panicked. I agree that was the best part in End Game, and my question was more what he would say to people (especially Christians) who object to this... as many I know do.
WJValente Says:
Feb 23, 2010 - Haha! I have never had something quite like that happen. I apologize for being rude, sometimes I just say things. What do the Christians object to exactly?
esfes1025 Says:
Feb 23, 2010 - well I think its just from along the lines that many Christians have been brainwashed into believing 2 things... first Christians should just not get involved and Romans 13 "submit to your government." of course they leave out that this only apply if the government is being honorable. Secondly, the reason I think they object is that they think Jesus was always this nice guy... failing to see confrontations he had with the pharisees the government leaders and when he cleared the temple.
esfes1025 Says:
Feb 23, 2010 - thats how I view the objection anyway.
sevyb29 Says:
Feb 23, 2010 - I am not a jew, muslim, catholic, or a budist. I am a christian and I am most definitly against the nwo ... Alex Jones continue your calling. thank you all ...and wake up people research these Bills of LAW
dasgilde Says:
Feb 23, 2010 - the caller at 7.45 sound like fozzey bear.
tristansmother2 Says:
Feb 23, 2010 - I really get annoyed when Alex talks calls... people drive me nuts. It bores me to tears, and they are so rushed you dont learn anything from them.
rebelstang Says:
Feb 23, 2010 - ? maybe if they control the fridge,Fat Americans(obiese), might loose whieght?Possible? But i'd rather do it the old fashioned way! Work it off!Speaking of work? Where are the jobs?osamabama & friends, have lied, from the beginning!
rebelstang Says:
Feb 23, 2010 - Good "OL Mountain Dew Throwback!Made with Real Suger! I Like It!Us Throw Backs Need To Stick Together!GO Patriots!LONG LIVE THE REBELLION!
leeforder Says:
Feb 24, 2010 - So frustrating when people who can't even put their words together call in and waste time rather than letting people get better informed. ;P
almirakum Says:
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sjdss Says:
Feb 25, 2010 - caller at 0:22 sounds sexy !
roforio83 Says:
Feb 26, 2010 - You're a liar. You say you want freedom from U.S.. And you support that we continue uninsured. We should more and more money. paying hospitals and doctors. Are a hypocrite. And I say by God I see you're a liar. Those in favor of freedom then deliver me from the payments to the doctor. I have a sick mother Cancer.y my family is sick in poverty. that the insurance is inadequate. Where is freedom when you live pay hospitals
Treazurer Says:
Feb 28, 2010 - damn.. this is scary
Inconsonace Says:
Mar 1, 2010 - @roforio83Your placing your hate on the wrong people. Stop taking your freedom for granted.
hungarylnnjsd Says:
Oct 7, 2010 - Free Energy is real and its here! The Oil companies are doing everything they can to stop this information. If you want a Free energy magnet motor , get the blueprints at LT-MAGNET-MOTORdotCOM , Join the revolution!
Taxidriver987 Says:
Feb 23, 2010 - Manmade Global Warming is a scam too. Brought to you by the same people who brought you 9/11.