|
|
|
|
Title: Alex Jones Tv 1/5: Alex Takes Calls on Bank Holiday
Added: Feb 23, 2010
Author: TheAlexJonesChannel
Duration: 10:19
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
Related Videos:
Videos related to 'Alex Jones Tv 1/5: Alex Takes Calls on Bank Holiday'
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: 66
ShenSpectre Says:
Feb 26, 2010 - That doesn't mean National Health Care is the answer, in fact it would be worse. The government would be able to decide you don't need treatment if its not cost effective for them. If you not important enough, then your rights to certain procedures would be massively limited. Regulation of doctors and hospitals charges and fees is one thing, but to let the government outright take over health care in any country is just giving up your freedoms needlessly, your being foolish.
roforio83 Says:
Feb 27, 2010 - Yes you sure about what you say. So because you're afraid. Have you read the reports that already have global universal health insurance. England or France. What you're saying is a lie. Ask the slaves and the interests of a new world order. They want to be richer when you get sick and do not spend money. just less rich more money all the world order. and if we already pressuring Obama to do so now for us to review the information of Congress. and not say stupid things by ignorant
roforio83 Says:
Feb 27, 2010 - Hey by chance do not work in any hospital or laboratory. Or maybe sell insurance. I mean to be so sure. that we will have to impose rules. you must be really well informed. but if I read it. I have university education. I say you can not tell what you're talking about. And if you want to be free from the oppression of insurers. that harms the people. that do not cover the needs of Americans. Then it's time to change and if you save one life has only one life more.
roforio83 Says:
Feb 27, 2010 - and I agree that we need to stop hypocrisies. Let's make things right. It dies the same number of children in Honduras at birth in the united states of america. We are working retirees to buy drugs. and many of them. caring for orphaned children of the son who died of cancer. is an insult to God. Besides widows mourn their dead husbands have to work to care for their children. Where is the generosity, where is the kindness. We are truly the best country in the world.
roforio83 Says:
Feb 27, 2010 - And if we're the best country in the world as we allow. why they are begging on the streets the most important people. the wealth generated by the worker. Tax a dollar more to stop suffering. A person with cancer. A sick child. Or that the government orders that have to save lives. It really is that bad. I invite you to read the proposals that Congress must approve. And we see the scope of this Act. Because if we get rid of excessive health care payments. and so we pay something real to everyone
roforio83 Says:
Feb 27, 2010 - do we call all of us to stop having. interpreters liars. Let's give them a better future for the Americans of the future. The tranquility of not having to lose their homes. The tranquility of having a decent medical care. Not that we do what we said Alex jones. The pope. or rasputin. Let's do it for the good of all read health reforms. Give us the original text. Our politicians liars. for a few dollars are going to lie so that we read the text of the proposal and recommend changes all
2besavedcom Says:
Mar 2, 2010 - Over many years we have all been lied to by our Govts. Not just our Govts but by Religous Leaders. We have been taught things that are not in Scripture & many have swallowed many lies by these false prophets. If you are a truth seeker please visit the web site which is displayed in our user name & take the time to read some of the articles.You will be shocked. THERE IS A GREAT AUDIO FOR YOU TO LISTEN TO. You WILL COME AWAY ASKING MANY QUESTIONS. REAL SHOCKING.Blessings as you seek truthBen
prototype007 Says:
Mar 2, 2010 - your an asshole. his mother is dying of cancer. he wants help. hes disagreeing with the way US is being run from a health standpoint. His main point is that there is osmething seriuosly wrong with the country. THERE IS.you call this poor man a fool? you sir are the fool.
Knuxes Says:
Mar 2, 2010 - This guy who called-in 1st about Reagan having to accept Bush as VP is an idiot. Forget about Reagan & Bush in his rambling, just listen on how he talks about insignificant things like hotels names.... who cares? It dudes like these who cause AJ to interrupt & cut you off. Bottom line: do every1 a favor: quit rambling!
4g63gen1 Says:
Mar 3, 2010 - ya sir you are the foul. I got your back proto
Aurinkohirvi Says:
Mar 3, 2010 - I live in a country with public health care. Mind explain what freedoms we gave up, as you seem to have an opinion there.Among the OECD countries the United States has the most expensive health care system, no matter if you count it per capita or per GDP. And you still have the higest amount of people outside of regular health care. Think of it. All the other OECD countries have a public health care system.
billytwoful Says:
Mar 5, 2010 - alex jones smells a conspiracy every time he takes a shit
theguvnorjimmy Says:
Mar 6, 2010 - If you get cancer this is the classic reason why you should work and pay for healthcare when you are young. You can also get a good job. Dont be a fool, stay in school.
prototype81 Says:
Mar 6, 2010 - your an idiot. some people are born into this world with little options.You and shen are fucking morons and blind.
theguvnorjimmy Says:
Mar 6, 2010 - No moron, (by the way, I think you mean 'you're' lol). I agree that since US has gone against Capitalism, it is much harder for people to 'make it', but if you work hard you can. 99% of losers are that way because it is down to them, fact.
clevebrowns3 Says:
Mar 6, 2010 - It would be very irresponsible for our country to implement public health care. We are already swimming in massive debt and public health care would only bring us around to an economic collapse quicker.
IndraGami Says:
Mar 6, 2010 - Free Gary MckinnonGary Mckinnon hacked into NASA looking for evidence of ZPE (Zero Point Energy) and UFO coverups.Currently, he is being extradited to the US for hacking into NASA and seeing files they photoshop so we don't see the alien crafts.During his hacking adventures, he saw spreadsheets called "Non Terrestrial Officers" with names and military ranks.
Aurinkohirvi Says:
Mar 7, 2010 - You missed my point. Public health care is less expensive than private one. Private health care wastes money because the doctors and patients both consider it fine to use the insurance companies' money. They do unnecessary procedures, use unnecessary and more expensive drugs and so on. And in the very end it is always the people who pay these insurances.Besides, I think it is irresponsible not to give people treatments they need.
clevebrowns3 Says:
Mar 7, 2010 - No, I do understand your point and I too am very unhappy with americas health care system, but I think it would be the wrong move for our country to have public health care. One of the reasons is that we can't afford it.
industrialhemprocks Says:
Mar 13, 2010 - how bout alex jones and obama talk about why the oil industry is the richest capitalist industry? wen hemp is a perfectly economically and ecologically friendly alternative...
Knuxes Says:
Apr 2, 2010 - This guy in AZ who says he's actually from Wyoming has called-in be4. Am I the only 1 who recalls this self-obsessed rambling idiot? STFU dude. Reagan robbed this country by racking-up more than 5 trillion in debt. He was a scumbag like every other Prez.
offertorycardiacml Says:
Oct 7, 2010 - The big Oil corporations are trying their best to stop free energy ideas from spreading to common ppl.We need to put an end to this corruption ,start generating your own electricity now.Visit LT-MAGNET-MOTORdotCOM and get the blueprints . Join the Revolution!!
tiblon1 Says:
Dec 25, 2010 - Помощь. Кредит 17%. М МО. Без справок и поручителей. Консалтинг 25%. Другие варианты. (495)2200660 2200660@mail.ru
tiblon1 Says:
Dec 25, 2010 - Помощь. Кредит 17%. М МО. Без справок и поручителей. Консалтинг 25%. Другие варианты. (495)2200660 2200660@mail.ru
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