Bank Imposes Cash Withdrawl Restriction

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt. 

Listeners have told Radio 4's Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000. HSBC admitted it has not informed customers of the change in policy, which was implemented in November. The bank says it has now changed its guidance to staff. New rules
Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.
A year before, he had withdrawn a larger sum in cash from HSBC without a problem.
But this time it was different, as he told Money Box: "When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved."
Mr Cotton says the staff refused to tell him how much he could have: "So I wrote out a few slips. I said, 'Can I have £5,000?' They said no. I said, 'Can I have £4,000?' They said no. And then I wrote one out for £3,000 and they said, 'OK, we'll give you that.' "
He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.

As this was not a change to the Terms and Conditions of your bank account we had no need to pre-notify customers of the change”
HSBC customer letter
He wrote to complain to HSBC about the new rules and also that he had not been informed of any change.
The bank said it did not have to tell him. "As this was not a change to the Terms and Conditions of your bank account, we had no need to pre-notify customers of the change," HSBC wrote.
Frustrated customers Mr Cotton cannot understand HSBC's attitude: "I've been banking in that bank for 28 years. They all know me in there. You shouldn't have to explain to your bank why you want that money. It's not theirs, it's yours."
Peter from Wiltshire, who wanted his surname withheld, had a similar experience.
He wanted to take out £10 000 cash from HSBC, some to pay to his sons and some to fund his long-haul travel plans.
Peter phoned up the day before to give HSBC notice and everything seemed to be fine.
The next day he got a call from his local branch asking him to pay his sons via a bank payment and to provide booking receipts for his holidays. Peter did not have any booking receipts to show.
The following day he spoke to HSBC again and this time, having examined his account, it said he could withdraw the £10,000.

Belinda Bell is another customer who was initially denied her cash, in her case to pay her builder. She told Money Box she had to provide the builder's quote.
Customer protection HSBC has said that following customer feedback, it was changing its policy: "We ask our customers about the purpose of large cash withdrawals when they are unusual and out of keeping with the normal running of their account. Since last November, in some instances we may have also asked these customers to show us evidence of what the cash is required for."
"The reason being we have an obligation to protect our customers, and to minimise the opportunity for financial crime. However, following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal. We are writing to apologise to any customer who has been given incorrect information and inconvenienced."

In a sense your money becomes pocket money and the bank becomes your parent”
Douglas Carswell MP for Clacton
Money Box asked other banks what their policy is on large cash withdrawals.
They all said they reserved the right to ask questions about large cash withdrawals.
But none of them said they would require evidence of what the money was being used for before paying out.
Douglas Carswell, the Conservative MP for Clacton, is alarmed by the new HSBC policy: "All these regulations which have been imposed on banks allow enormous interpretation. It basically infantilises the customer. In a sense your money becomes pocket money and the bank becomes your parent."
But Eric Leenders, head of retail at the British Bankers Association, said banks were sensible to ask questions of their customers: "I can understand it's frustrating for customers. But if you are making the occasional large cash withdrawal, the bank wants to make sure it's the right way to make the payment."

Fact: The DEA Struck A Deal With Mexico's Most Notorious Drug Cartel

  An investigation by El Universal has found that between the years 2000 and 2012, the U.S. government had an arrangement with Mexico's Sinaloa drug cartel that allowed the organization to smuggle billions of dollars of drugs in exchange for information on rival cartels.

   This shouldn't be too surprising considering the scandal "Operation Fast and Furious" where the ATF was caught giving guns to drug cartels in Mexico in order to "track" the weapons movement. To see other agencies of the US government involved with drug and weapon smuggling is really nothing new. We did this same thing during 'Iran-Contra affair' of the 1980's where we supplied weapons to Iran while funding the Contra revolution in Nicaragua using their cocaine as export into American streets. Think about it... the average drug dealer or criminal does not have planes to ship in drugs or a factory making guns but our government does and it is fact that the US ships in all the drugs then puts you in jail for using them. This is a top down effect going from the highest levels of government to your local police all involved in drug dealing. In 2007 a CIA plane ran out of fuel over Mexico and had 4 TONS of Cocaine on board!

 Here's what DEA agent Manuel Castanon told the Chicago court:

"On March 17, 2009, I met for approximately 30 minutes in a hotel room in Mexico City with Vincente Zambada-Niebla and two other individuals — DEA agent David Herrod and a cooperating source [Sinaloa lawyer Loya Castro] with whom I had worked since 2005. ... I did all of the talking on behalf of [the] DEA."
A few hours later, Mexican Marines arrested Zambada-Niebla (a.k.a. "El Vicentillo") on charges of trafficking more than a billion dollars in cocaine and heroin. Castanon and three other agents then visited Zambada-Niebla in prison, where the Sinaloa officer "reiterated his desire to cooperate."
El Universal, citing court documents, reports that DEA agents met with high-level Sinaloa officials more than 50 times since 2000."

"Zambada-Niebla also alleged that Operation Fast and Furious was part of an agreement to finance and arm the cartel in exchange for information used to take down its rivals. (If true, that re-raises the issue regarding what Attorney General Eric Holder knew about the gun-running arrangements.)"

Watch this Documentary by Kevin Booth: American Drug War


Also let's not forget about the major banks laundering money too and from the drug cartels
Money Laundering banks get free Pass in U.S
Banksters Launder money for Drug cartels and Al-qudea
ABC: Bank Executive Resigns over drug money, blood money
Banks Financing Mexico Gangs Admitted by Wells Fargo 
Big Banks Launder Hundreds of Billions of Illegal Drug Cartel Money … But Refuse to Provide Services for Legal Marijuana

  Where are the arrests? Oh, that's right bankers don't get arrested pot smokers do....


                                                                                        -Sodaghar 1/14/14

2014 The Year of Government

2014 will be the year government shows their true colors. Already starting January 1st we the people are culled into socialized health care under the "affordable" care act where the healthy pay for the sick and the young for the old and if you don't want any part of it prepare to be fined. 2014 will also be the year where already 20 states have in some form decriminalized marijuana but according to our government you are still a criminal under federal law. It's my understanding of the United States Constitution that the State Government is GREATER than the Federal Government but over the decades this has been forgotten or ignored. It even goes beyond state into the county's if people in local government understood. A county or a state can legalize something and under the constitution this is law. If a county or state wanted to legalize drugs or same sex marriage the federal government has no authority over this. Same with the sheriff departments in all states and counties they can tell homeland security and the feds to GTFO and they would have constitutional authority to do so. Even jury's can overrule laws or judges we the people just need to be aware of this. I predict 2014 will also be the year of the awake. People no longer buy into the concept of government's being the end-all problem solver and is seen more of as a joke rather than any position of authority. Seriously SNL couldn't come with a funnier skit than Clinton, Bush and Obama as our "leaders" and congress has had less than 10% approval since Bush and continues to decrease. 40,000 new laws will take effect in 2014 and we the people can only laugh at this so called government. 2014 will be the year of the drone, the year of NSA spying and the year of crypto currency. I for one am glad the government is showing it's hand because this will only solidify those who are awake. 2014 will be a year consciousness takes hold and for the unconscious the year of rude awakenings. "But Josh the stocks are at record high look how awesome we are doing" This is a fools quote because they don't understand the federal reserve is pumping trillions into the stock market daily. They also don't understand the definition of inflation because if stocks are at a certain number and the value of the currency is reduced by more than half then you are looking at a fake number. Same with unemployment; they claim it's at 8% or so but don't take into account those who stopped receiving unemployment benefits or stopped looking for a job all together. 2014 will be the year of hope or despair. We choose it's outcome. Happy new year.

                                                                                                          - Sodaghar 1/1/14