Friday, November 15, 2013


By Capt. Fogg

The notion that the Government is cracking down on freedom in general and preparing to freeze our accounts and restrict movement of money because of that elusive financial apocalypse the right wing has been predicting since Obama was elected, is the bread and butter of such opinion sources as the Daily Paul, Natural News, and Alex Jones' who amongst too many others to count are celebrating the false report that Chase Bank is limiting cash withdrawals and outgoing international wire transfers. 

The story lacks only truth to be shocking. You can read a more honest appraisal at Forbes. True, Chase is upping fees on certain kinds of business checking accounts, but pace the Liberterrorists, no one in Government is forcing them to do it and what we're seeing is Capitalism at work. Chase simply wants to make more money. Don't we all?

According to an e-mail from PT, a Libertarian organization dedicated to misleading people about the need to get their money out of the country before the Liberals confiscate it and give it to "the takers," Chase customers have received the following letter:

Dear Business Customer, Starting November 17, 2013: - You will no longer be able to send international wire transfers.

You will still be able to send domestic wires and receive both domestic and international wires. We'll cancel any international wire transfers, including reccurring [sic] ones, you scheduled to be sent after this date. - Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs. These changes will help us more effectively manage the risks involved with these types of transactions.

No they haven't. Unfortunately devotees of Paul and Jones and all the other panic profiteers will take it at face value without taking a moment to check the facts. Some won't even notice the misspelling and poor wording, the urge to believe being as strong as it is. The confusion between the artifacts of free market capitalism and Federal authoritarianism continues to be the medium in which the fungus of Right Wing politics is grown -- and grown in the dark, of course.

(Cross posted from Human Voices.)

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