2.12.2014 BY W.K. COBB
A shocking and potentially very harmful trend may be quietly sweeping
America and the rest of the globe.
Many banks are now refusing to allow customers to make large
Account holders at HSBC banks, the second largest bank in the
world, have been met with surprising resistance when attempting to
withdraw money from their own accounts, for example.
It’s unclear exactly what is going on, but some
experts believe banks are starting to take desperate measures to
hoard their customers’ cash in case of a potential crisis.
The Washington Times, for example, reports the story of
Stephen C., who tried to withdraw cash from his HSBC savings account
to pay back a $11,500 loan from his mother. 1
The bank refused his request—saying they needed proof of what the
money was being used for.
He was then forced to negotiate with the bank in order to access
his own money, and could only withdraw a fraction of his money. 2
Perhaps even worse, HSBC admitted in a statement, reported by the
BBC, that it did not inform customers of this change in policy.
While the bank argues such policies are for the protection of
their clients, others believe there may be ulterior motives.
Banks limiting cash withdrawals is often a sign of an insolvent
banking system. Historically, banks institute capital controls like
this when cash on hand isn’t sufficient to supply withdrawals.
Reports of banks refusing to customers to withdraw large sums of
cash are quietly trickling in…
In Atlanta, for example, a Bank of America branch reportedly
refused one customers’ request of an $11,800 withdrawal. They would
only allow him to withdraw $2,000. 3
JP Morgan Chase enacted a similar policy of limiting cash
Dr. Steve Sjuggerud, financial analyst at Stansberry & Associates,
wonders whether or not these are the beginning signs of another
Dr. Sjuggerud reported the same problems when he tried to withdraw
money from his hometown bank near Jacksonville, FL.
He went to his local branch of a major national bank to withdraw
$15,000 in cash. The teller looked confused.
She then excused herself to confer with another teller and then
the bank manager—all in hushed tones.
Finally, the told Dr. Sjuggerud, “Sir, we can’t do this.”
The most the bank was prepared to/could give him right then: A
Dr. Sjuggerud said soon after: “I think every American needs to
find out for himself: How much cash can YOU take out of YOUR bank?”
“I'm not asking you how much the bank says it can give you on the
phone,” he says. “I'm asking how much cash they would give you when
faced with a real request. I found out last week. And the answer was
not what I wanted to hear!”
Dr. Sjuggerud wondered what would happen if there was
another REAL crisis? What if we had a situation like a quickly
developing hurricane – or a power outage or even something far worse
– where there was a line of people out the door trying to get money?
Dr. Sjuggerud’s recommendation: “I think every American should do
two things, immediately.”
“First: Go to your bank and try to take out a large amount of your
savings in cash now. We are not in any kind of crisis right now. But
for your own peace of mind, find out how much cash your bank is
capable of getting you. Withdraw some of it now, and hide it in a
safe place. It'll give you a cushion at home for emergencies...
“And second,” says Dr. Sjuggerud, “I think every American should
have some of his savings in something that’s basically beyond the
reach of any government or corporation.”
Editor’s Note: Dr. Sjuggerud unique way to
safeguard your money revealed in this shocking presentation
Dr. Sjuggerud’s favorite way to do this?
Something he calls America’s “secret
See the proof: Get the full presentation now
This secret currency is totally anonymous, and completely backed
by either gold or silver. It allows you to carry anywhere from $500
to over $1 million in your pocket… and has the potential to return
500% or more in the coming years.
In fact, this “secret currency” has been used by some
of the richest families in America… folks like the Morgans, Adams,
Duponts, Lillys, Rothschilds, and more.
Dr. Sjuggerud states that he and his team have probably done more
research on this “alternative currency” than anyone else in the
financial world, and that every American should have at least a small
For more information check out the slide show presentation Dr.
Sjuggerud and his team have put together. You can check it on their
website, free of charge, here…
Editor’s Note: For a limited time, Stansberry &
Associates is showing the full presentation of this “Secret
Go here to view it now.
1 pound = 1.65 dollars