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HSBC Refuses "Large" Customer Withdrawals Unless they Can Provide a Reason

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This is Hong Kong Shanghai Bank, is it not? Where is my deposit?

It seems I left it here just yesterday... [Fade to black.]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Reserve? What reserve? Who is reserved these days?

*****US Banks Operating Without Reserve Requirements*****

W/O Reserve, All Bluff. Reserve went negative, circa 2000 AD. Figure it still is! Meaning: what reserve is depends on your definition of what "is" is.

American banking sick from opium addiction over the centuries. Even Opium Traders Face Rough Seas.

For those hard of seeing: Note even the the chart grows in size, the reserves do not. *****US Banks Operating Without Reserve Requirements***** Extra Credit: See for yourself if bank reserves grow by clicking on this chart.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The more banks that follow that policy...

the faster people will wake-up.

Related old thread

Yeah, exact same thing was posted in a related thread few days ago. There is even more info in video posted @ top of that thread. Check out that video for purpose of educating more zombies.



Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!

It's their money, Your an unsecure creditor! FDIC ACT 1934

Depositors Beware: Theft is Legal for Big Banks, and Your Money Will Never Be Safe
By Ellen Brown
Global Research, May 01, 2013
Web of Debt
Region: USA
Theme: Global Economy, Law and Justice

"With Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “Caveat Depositor [3]”

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus. Similar “bail-in” policies are now appearing in multiple countries. (See my earlier articles here [4].) What triggered the new rules may have been a series of game-changing events including the refusal of Iceland to bail out its banks and their depositors; Bank of America’s commingling of its ominously risky derivatives arm with its depository arm over the objections of the FDIC; and the fact that most EU banks are now insolvent. A crisis in a major nation such as Spain or Italy could lead to a chain of defaults [5] beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.

The new rules for keeping the too-big-to-fail banks alive: use creditor funds, including uninsured deposits, to recapitalize failing banks.

But isn’t that theft?

Perhaps, but it’s legal theft. By law, when you put your money into a deposit account, your money becomes the property of the bank. You become an unsecured creditor with a claim against the bank. Before the Federal Deposit Insurance Corporation (FDIC) was instituted in 1934, U.S. depositors routinely lost their money when banks went bankrupt. Your deposits are protected only up to the $250,000 insurance limit, and only to the extent that the FDIC has the money to cover deposit claims or can come up with it.

Was gonna post similiar to you...

Until I read your post...
You pretty much summed it up

Most people believe that it's THEIR money in the bank when it is not. It's the banks money with then a claim on it by the depositor.

Same thing with Social Security. Social Security is a tax, and all the US Govt does is keep track of the amount of tax that is paid into the system and then you get money back at some later date.

But, again, most people assume that when they pay a Social Security tax (almost everyone doesn't even know it's a tax), they think they are paying into a "trust fund" of sorts. There is no Social Security Trust fund. It's a non existent myth. Again, people who ARE NOT in the know will say, BUT I PAID INTO IT, It's my money....

ha ha ha.... Yeah, the US Supreme Court already ruled its a tax and that the Fed Govt can cancel benefits at anytime with NO RECOURSE to the recipient. But again, the myth lives on that Social Security is a "trust fund" operation when it is not. It's ONLY AN ADDITIONAL TAX. That's it.

And so goes the logic that most Americans adhere to without a shred of understanding or evidence. No wonder the US Govt has no problems pulling the wool over the eyes of the sheep.

Love Liberty, be Vigilant

"Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty" (2 Corinthians 3:17)

Faith in God will prevail all things!

Cyril's picture

You've got to be fudging kidding me.

You've got to be fudging kidding me.

"Unless they can provide reason"


Hey, HSBC, how about:

because that's their money, that you sit (and suck) on...



"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

"HSBC has said that following

"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"

And how does prying into ones business achieve this......BULLSHIT
The one thing that they SHOULD do is to identify the account and the account holder, THATS IT! How does knowing that a "suspect" large withdrawel is for a long term trip or a builder going to confirm whether the damn account belongs to the account holder.......so their reason for asking what it will be used for in order to prevent fraud = BULLSHIT liers

How about this, its none of your business, now are you gonna act like a bank, or are you gonna act like a thief with my money

My reason ~ its Mine


Life is a sexually transmitted disease with a 100% fatality rate.
Don't Give me Liberty, I'll get up and get it myself!

And people wonder why

..Bitcoin is becoming popular?

It is MY money that I have in my bank account. Got that?

While in a SA country

I met 2 individuals having problems. One had worked for the FBI and was moving out of country. She came back to US to transfer money from retirement account to banking account to transfer to SA. Bank stopped her wanted more info, don't know what happened on second try. Second person was a contractor in Iraq, they tried to stop him from leaving first then put restrictions on his funds. He was still battling the issue when I left and was on his third trip to US to try and get funds settled for his new business.

Opium Pirates! Emperor Signs Pirate "Treaty of Nanjing," 1842.

The Treaty of Nanjing
[The opium addict (left) often sold all his possessions to pay for the opium. This woodcut carving shows an addict's wife (caught in the middle) being sold to support his sinful habit.]

On the 29th August, 1842 the British and Qing [Emperor] negotiators signed the Treaty of Nanjing which, with the two supplementary treaties, included the following major clauses:

  1. Hong Kong Island to be ceded to Britain in perpetuity [Preceding the charter of the Hong Kong Shanghai Bank]
  2. China to pay an indemnity of 21 million silver dollars to pay for the confiscated opium and the cost of the war
  3. Five ports to be opened to foreign trade
  4. Tariff agreement entailing China's loss of tariff autonomy
  5. Right of extraterritoriality (loss of Chinese jurisdiction over foreigners in China)
  6. Britain to enjoy most favoured-nation status.

The British were, of course, aware that these conditions exacted from the Chinese at gunpoint, had impaired Chinese sovereignty to a considerable extent. The question is, however, whether the significance of this event was apparent to the Chinese at the time. Recent research has shown that the first treaty arrangement was still largely perceived as part of traditional Chinese tributary diplomacy. In any case, the violent conflict with the West was confined to the maritime periphery, and the resulting treaty did not immediately undermine the notion of Chinese cultural superiority. Nevertheless it is now clear that the Opium War initiated a process of fundamental change in China's foreign relations, with further acts of foreign aggression and the imposition of subsequent 'unequal treaties' accelerating the process of dynastic decline which eventually led to the collapse of the Qing Empire in 1911.


In the twentieth century, the Chinese have embarked on a long and arduous struggle to expunge the humiliations which they suffered during and since the Opium War. When Hong Kong ceases to be a colony, the last reminder of that unpleasant encounter with Britain will have been eliminated. Foreign industrialists may continue to dream of the supposedly unlimited China market, but the Chinese state is once again in firm control of relations with the outside world. The Chinese are determined to keep the 'open door' sufficiently ajar to import vital technologies, while keeping all unwanted alien influences out. This is, of course, merely a return to entrenched ethnocentric tendencies of pre-Opium War days.

Update:Hong Kong Shanghai opium traders formerly located in pirate lairs between Shanghai & Hong Kong. Over the centuries, a bank was chartered in Hong Kong. After many decades, headquarters relocated to London (The Crown).

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul


Is this treaty still in affect?

No. Change of governments. Opium trade moved to Afghanistan.

How China Got Rid of Opium

By 1956, the People's Republic of China had virtually eliminated its drug problem.

From time to time, the Taiwan press has accused the People's Republic of smuggling opium across the border of Yunnan province into Southeast Asia. Such accusations are particularly curious in the light of the well-publicised fact that most of the opium traffic in these countries is carried on by remnants of the Guomindang forces. Fleeing across the border at the time of the Civil War, these forces expanded the cultivation of opium and monopolised the traffic until now they are known as the opium barons of the region.

As for any smuggling from Yunnan, the Shan tribesmen of the Burma hill countries - who know all the mountain trails - deny this vigorously. Some of the Shans are anti-Communists who have been employed as spies by the CIA. Between 1962 and 1967, these people penetrated deep into China's Yunnan province on espionage missions. They reported that legitimate agricultural crops were being grown in places where formerly there had been extensive poppy fields. But of poppy cultivation, they saw not a trace.

[Hong Kong Shanghai Back Company (HSBC) moved their racket & headquarters from Hong Kong to London (the Crown).]

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Thanks for The "ALERT"

...Chase banks has already been deploying similar tactics.

Always announced within a weekend time slot.
Just when most are either unaware.

"Beyond the blackened skyline, beyond the smoky rain, dreams never turned to ashes up until.........
...Everything CHANGED !!

I know

I closed my chase and BofA accounts long ago, only have a credit union.

Ugh, what a bunch of Keynesians...

Haven't these yutzes ever heard of Gresham's Law?


Bank accounts are bad ideas

There are no "safe banks" or "community banks" or "credit unions", there is the Federal Reserve System and you either allow them to hold your purchasing power or you don't. There's no middle ground. If you have a bank account you feed the beast and can't be surprised when they treat you badly--that's just what they do.
How many millions of dollars would somebody need before their money started taking up any space at all? I guarantee that the financial resources of most people, even with IRAs and 401ks, wouldn't fill an average sized shoebox.

Do your research

Credit unions are not part of the same system, not part of the federal reserve system

fractional reserve banking

It would be news to me if credit unions do fractional reserve banking. They have not stockholders to satisfy, only the members cash on hand. I really do not think they can take a 10 dollar share and make a hundred dollar loan from it. I believe all credit unions are solvent because of that. Please set me straight if that is not so.

So what are you supposed to do

with your money? The advice below (shrader's comment) is that it's at least better to bank with a local bank.

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir


Walmart will cash up to $5000 for $6 and less for smaller amounts. It's way cheaper than minimum balances, monthly fees and the inevitable "sorry pal, it's ours now".
Pay bills with a rechargeable credit card or cash over the counter. It seems inconvenient for a little while when you first get off the bank teet, but it's actually quite easy and no overdraft fees ever!

Check cashing service

Pre-paid Visa debit cards, money orders, cash. Convert 'savings' to precious metals.

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

Use Cash

I thought it would be obvious that if government hates cash people who like freedom ought to love cash. If the federal justice department is so desperate to discourage cash only business by adopting policies against its own half century drug war so pot selling business in Colorado can use banks ... people who like freedom ought to start more cash only businesses.

It seems everyone wants lots of money but no one wants to accept any risks, liabilities, or costs of possessing or protecting it. What is up with that?

People who say cash is more expensive can do a better job of leveraging their cash. Say you want to buy something for $100. That is when you pull out a one hundred dollar bill and offer to pay in cold hard cash for a 2-3% discount. If you still want it and they refuse that is when you say I think I will save my cash for someone who appreciates it. I will pay with plastic so you can pay bankers, who you apparently love, that 3% discount in the form of transaction fees you weren't willing to offer me. In addition, you can wait a day or two for the money to be deposited to your account instead of having it today since you like letting bankers use your money for a couple days.

Imagine going to your storage unit to retrieve

a few chairs for a party you are having and the storage unit owner tells you, you can't take more than two of your own chairs unless you get a note from the people that are going to sit in them!

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...he loaned out your chairs for someone's birthday party and you just have to wait till they are returned. The chairs are no longer in your storage unit, just like there's no "cash" in your savings account.

yes and there is a chance that they may not

be returned after the birthday party because someone else is also having a party the same weekend as yours..

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I would immediately

close my account.

No one here still has money in tbtf banks, do they?

They could Catherine Austin Fitts' advice:

it highlights that the money is not yours

you are an unsecured creditor of the bank and the banks engaged in fractional reserve banking which means that "your" money is not always there for you when you want it

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Closing your account

would end that conversation, eh?