UK banks add new clause

originally posted by: TritonTaranis
Next we'll see a bitchute video of somebody trying to link tampons to lizards and slavery

Damn those lizards, I knew they were behind it all

originally posted by: teapot
Does anyone know if any of those customers that received the limit/fees letter also received marketing materials about favourable non-instant access savings products?

Great question

originally posted by: Itisnowagain

The 'new clause' isn't about restricting the amount people can take out....

We've added a new condition that says if it's necessary, due to economic circumstances that affect the banking industry, we may restrict the amount you can have in your accounts either by applying a limit or by imposing a charge.

…………
That certainly does sound paradoxical: if we’re running short on cash, then you can’t give us a lot of cash…

Suggests there’s a wrinkle going on here that we haven’t figured out yet.

originally posted by: Zanti Misfit
a reply to: anonentity

That's Just Silly . I can Always take ALL OF MY MONEY out of my Mattress Any time of Day........

Exactly! What was you’re address again?
😉

a reply to: teapot



Make no mistake if your money is in a Bank, you are now an unsecured creditor. Like any other investor. You are relying on their goodwill. At the present time, there seems to be a general meme that things are about to go sideways, a lot in part to the European bank's exposure to Europe's collapsing industry, due to too heavy reliance on Russian gas. That figures. So the situation is Moscow is adding fuel to the fire by opening up a Gold exchange as a rival to the Comex. That means whatever but will probably cause an arbitrage (price difference..... between the price of Gold and silver between the east and west, the reason is to stop the manipulation of Precious metals by western banks. Which the western banks have got to do to keep the prices down to prop up the dollar buying power. But the problem is that since the currency dropped the gold standard it was when the economic activity was a lot stronger and the west was an economic giant with no rivals. It is a different story today.
For various reasons the suppression of the gold price can not last much longer with inflation, it is keeping gold and silver far too cheap. The banks know that the average person heads for the precious metal lifeboats if a currency is looking dicey. There are growing reports that the banks won't put through wire transfers for precious metals. It seems they are trying to cool off anyone transferring fiat for Precious metals. The really rich would have a lot of physical ready for a revalue but if every man and his dog did the same thing it would essentially make the banking system irrelevant.
In this, a bitchute vid which hopefully idiots will ignore, a few examples are given of what is going on and some interesting comments from people who tried to wire and transfer their funds into Gold or Silver.
The Arabs are only interested in selling oil if the dollar can be exchanged for gold, since the currency moved off the gold standard it only worked for them if the dollar bought reasonable amounts of the shiny stuff. It hasn't for a long time hence the oil-rich countries which have been invaded to liberate them. It is all about Gold it always was. www.bitchute.com...

originally posted by: anonentity
a reply to: teapot

Make no mistake if your money is in a Bank, you are now an unsecured creditor. Like any other investor. You are relying on their goodwill.

Not in the UK, its banking system is based on socialist principles. So consumers there have significantly more protection than in the US.

Since the sub prime mortage crash the UK government has required banks to maintain their own security. They must have a certain amount of protected assets to shield them from another market crash.

The government also provides just under $100,000 of protection (£85k) for ever bank that a person has savings in. So if you have savings in 2 banks that's just under £200,000 worth of government backed protection, and so on.

Those filthy commies, protecting the savings of the average person. Filthy, filthy I tell you.

originally posted by: Tarantula777
a reply to: anonentity

Firstly, I have had no communication from either of my banks regarding this. I can say that if this is going to be a clause that is used across the spectrum of western banking then it is more a positive security measure that will benefit all of us by preventing the public causing an economic meltdown catastrophe by knee jerking, paranoia and manipulation by propaganda that outside competitors and state adversaries might try to use as part of cold warfare.

We have seen what has happened in the Lebanon. If you search "public looting of banks" you will see that banks are not necessarily the bad guy and the public the good guy. I would never personally call the public good. I know what a dangerous weapon the public can be in the wrong hands.

This clause is actually a security measure if it is actually a clause that is to be applied to all westerrn banking. Such protective measures would prevent people from causing an economic collapse. When the ocean gets rough we have to ride it out. There is no alternative. We will sink and drown if we don't. That is no alternative at all to end up at the bottom of the ocean.

Think about this! Is it really an attack on the public or the authorities making sure we don't do something stupid like the Lebanon has done?

Everything must be accounted for in finance. A penny lost is a loss and it can never come back. I don't know why we think the public is somehow the good guy? You/we are not. We can be terribly chaotic and are incredibly naive as a mass, prone to manipulation at the drop of a hat. In Britain if there was a referendum they would want to bring back hanging and watch it in the town squares. There is still too much collective barbarian in us that seems to come out in mass behaviour particularly and that is when it is most dangerous and raises beasts like Hitler from the pit.

Unfortunately the public are not yet evolved enough to be totally trusted to think before they act. The tabloids exist because the public wants them to.

Stop jumping the gun and thinking everything that happens is to make you the victim and that somehow you are the righteous and they the criminal. Look at all you have in your lives. You are rich and that happened because those who are looking after the western economies are the kindest and most humanitarian, the most distributing of their wealth in this insane delusion of a world. It doesn't look like it sometimnes, but that is the reality. Check out the real situation!

Finally, remember what Christ said about who owns the money we use. It has Caesar's head on it metaphorically. That is who it belongs to. It doesn't have your head on it, mine neither. Bitcoin didn't have your head on it. It belonged to somebody. Do you think that somebody cared about you like the authorities do or would ever? I DO NOT. It was full of criminals and greedy people who would have sold their mother for its value to increase. There was no social conscience about it what so ever. It was a monster and parasite, sucking the blood of finance and terribly polluting of the environment. That is why I keep playing the authority game, because it works.

This post reads like a government propaganda announcement. We, the ppl are bad and anything the banks or government do is to protect us from ourselves. Scary to think in 2022 people still think the way you do. You are part of the problem.

originally posted by: McGinty

originally posted by: Zanti Misfit
a reply to: anonentity

That's Just Silly . I can Always take ALL OF MY MONEY out of my Mattress Any time of Day........

Exactly! What was you’re address again?
😉

124 North Nunofyerfookinbusiness Lane , Myleftnut N.J. 08122


Oh , but I am Moving Soon.........*)

originally posted by: AaarghZombies

originally posted by: anonentity
a reply to: teapot

Make no mistake if your money is in a Bank, you are now an unsecured creditor. Like any other investor. You are relying on their goodwill.

Not in the UK, its banking system is based on socialist principles. So consumers there have significantly more protection than in the US.

Since the sub prime mortage crash the UK government has required banks to maintain their own security. They must have a certain amount of protected assets to shield them from another market crash.

The government also provides just under $100,000 of protection (£85k) for ever bank that a person has savings in. So if you have savings in 2 banks that's just under £200,000 worth of government backed protection, and so on.

Those filthy commies, protecting the savings of the average person. Filthy, filthy I tell you.

This isn’t true at all. Since 2008 the protections that have taken place are almost zero. In fact, US/European banks alike have waived the reserve requirement entirely.

Not to mention, Europe has about 44trillion in unfunded pension liabilities. They are infinitely worse than the US even. This is why they have to blow it all up, in a couple of years when all the boomer retire and realized their pensions have been gambled away there will be riots in the street. They will destroy the system entirely before ever letting it known that they lost everyone’s retirement, which they have. It’s gone and it’s never coming back.

a reply to: Zanti Misfit

I bloody hope so after posting that

originally posted by: McGinty

originally posted by: TritonTaranis
Next we'll see a bitchute video of somebody trying to link tampons to lizards and slavery

Damn those lizards, I knew they were behind it all

They've already blamed Biden personally, so space lizards would be a step down from that, I guess.

originally posted by: macaronicaesar

originally posted by: AaarghZombies

originally posted by: anonentity
a reply to: teapot

Make no mistake if your money is in a Bank, you are now an unsecured creditor. Like any other investor. You are relying on their goodwill.

Not in the UK, its banking system is based on socialist principles. So consumers there have significantly more protection than in the US.

Since the sub prime mortage crash the UK government has required banks to maintain their own security. They must have a certain amount of protected assets to shield them from another market crash.

The government also provides just under $100,000 of protection (£85k) for ever bank that a person has savings in. So if you have savings in 2 banks that's just under £200,000 worth of government backed protection, and so on.

Those filthy commies, protecting the savings of the average person. Filthy, filthy I tell you.

This isn’t true at all. Since 2008 the protections that have taken place are almost zero. In fact, US/European banks alike have waived the reserve requirement entirely.

Not to mention, Europe has about 44trillion in unfunded pension liabilities. They are infinitely worse than the US even. This is why they have to blow it all up, in a couple of years when all the boomer retire and realized their pensions have been gambled away there will be riots in the street. They will destroy the system entirely before ever letting it known that they lost everyone’s retirement, which they have. It’s gone and it’s never coming back.

I'm specifically talking about the UK, each country in the EU has a slightly different system.

See the two links below.

Link
[url=https://www.bankofengland.co.uk/prudential-regulation/publication/2013/capital-requirements-for-major-uk-banks-and-building-societies-ss]link[/ur l]

I also never mentioned pension liability, this thread is about personal banking accounts.

a reply to: AaarghZombies

What in reality is going to happen is that they will just keep putting blips on the screen until they buy nothing. Then everyone will have to get off their asses and do something. The small market that is in my area, has most of the staples, and the traders trade stuff with each other. You can do a deal for anything useful. There is also a car boot swap where people exchange things for what they want. All are within walking distance.

There are dots to connect, for instance, people, at least in my country, seem to ignore the fact that the problems we have with gas and rising costs have nothing to do with what Putin does, it has to do with the fact that our government shoves their allegiance to NATO down our throats and expect us to suffer financially for something THEY decided, not the common citizens.

I could give other examples, but I am certain we will keep disagreeing. If there’s one thing that is certain, it’s that with conflicts and war, the truth is the first casualty. The second certainty, is that there’s always propaganda, coming from both sides, and both sides have people who think that saying “these are not the droids you’re looking for” actually works, or that the information they have is the absolute truth. I just chose to believe other propaganda than you.

a reply to: AaarghZombies