New banking directives rolled out to ease transition to CBDCs - to control your access to funds.

Hi ATS,

I had a very unsettling experience the other day, one which confirmed to me my suspicions that new banking 'directives' are being rolled out in the personal banking sector which mirror the ESG directives being aimed at the retail & investment banking sector.

Firstly, a clarification: When I say 'directives', I don't mean 'policy'. Policy is the foundation on which the official public position, practices & intentions of the organisation depend for all matters involved in the conduct of their business. So it could be said that previously, it was generally a bank's policy to only enquire regarding/ investigate withdrawals of over $10,000 dollars in cash, or £10,000 here in the UK for example. In this instance, all banks in the UK were required by law to do so, and so they frame their policy in line with the law in whatever territory they're operating within. Another example not dependant on law could be that a bank required photographic ID to withdraw an amount of $1,000/£1,000 or more over the counter. Another example is that they only allow the use of blue pens in their branch offices. You get the picture. 'Directives', conversely, are general requirements which the organisation issues to the customers, or the staff of the organisation - that a certain set of objectives are fulfilled wherever possible - yet with workarounds available, or with the option for a customer or staff member to refuse to comply with the directive, under any circumstances where it is felt that it would be inapprporiate to push ahead with enforcing the directive.

Policy often becomes policy after a period of time in which the same set of prospective policy requirements were trialled as directive/s for a set period of time. Often an institution will withdraw policy-intended directives if the execution of the directive/s during a trial period meets with extreme antagonism/loss of trade from the public who are the ones being forced to bear the consequences of the directive. A good example of this would be the PayPal directive/policy in which PayPal attempted to fine users $2,500 for spreading 'misinformation'. That was a directive which was treated as a policy from day one, and by day seven it had been utterly crushed by the public's strong negative reaction to the preposterous notion that a payments processing service provider had somehow been appointed as moral arbiter over the consciousness of the public as a whole, with individuals penalised for what were essentially thought crimes, having shared information based on the free exchange of ideas & information over the very public resource known as the Internet. The directive/policy was withdrawn after 14 days, if memory serves, with the affected users having the stolen money returned thereafter.

In the past few weeks, I have noticed several similar incidents reported in the independent media, and indeed I had my own experience when attempting to do what should have been some run-of-the-mill banking, which made me realise that all banks have quietly ushered in some specific changes to the way they operate, new directives which are not yet policies. These particularly involve how they communicate with customers around the matter of how the customer chooses to use that money. My own example is as follows:

I was unfortunate to lose my father & grandmother within six months of each other in recent years. Despite the great sadness of the situation, there was a blessing for our family in that we received a modest inheritance, which we used to purchase a house. We had a little bit left over, and so decided we would invest in premium bonds - a government bond for which the holder is enrolled each month in a lottery scheme, with the possibility of winning a range of cash prizes in lieu of fixed interest payments. It sounds odd if you've never come across such a thing in the past, but they consistently perform as well if not slightly better for the holder than an ordinary savings account. So anyway, I phoned the premium bonds team & stated I'd like to invest, they said "Great, let's get started". I went through the process & hit the button to make payment into the new account; however, it didn't go through. I suspected that the fraud team at my bank may have put a block on the transaction because it was a non-typical transaction for a 'higher-than-typical' amount of funds.

So I phoned my bank & explained that they had blocked a payment, and could they please unblock it, as it was a legitimate transaction. In the past, that always led to "Of course, please try to make the transaction again in a few minutes after the system updates", job done, no problem. However, on this occasion the service agent began as follows: "That's quite a lot of money isn't it?" at which my inner privateer balked, how dare she comment on my finances in such a way? Yet to which I was politely non-committal in my response "Umm.." To which she replied: "Are you SURE you want to spend that amount?" to which I affirmed calmly "Yes. Is there a problem?" to which she responded "It's just that you don't really know where it's going to, am I right?". At this point I realised something very weird was happening. I stated "It's an investment product - premium bonds - issued by the UK government", to which she replied "Are you sure you want to make the transaction? Is it a legitimate company?" At this point I was seriously pissed off, and bluntly stated "It's provided by the UK government, I would like to move MY money into that account please, NOW. Do YOU have a problem with doing that?" To which her response: "I'll ask my manager, please hold". UNBELIEVABLE.

After she had dutifully informed on me to her superior, who doubtless made a little note on the system, she came back on the line & authorised the transfer, without even a shade of an apology for this disgraceful treatment. I was bowled over, and the first thought I had was how it had become very apparent from her words - but also her tone - that she felt smugly content in her absolute 'right' to basically interrogate me about my use of my own funds - she was casting aspersions against the government itself in an attempt to prevent me from using the funds in the manner I had chosen. Some may say she was just over-eager to keep my money in her bank's vault, but she was too junior a staff member to have any real opinion on the matter, and it was apparent she was reading from cues either memorised or on paper in front of her - she couldn't make it sound spontaneous no matter how she tried (she was a terrible actor). Whatever else you may say, grilling a customer about how they intend to use their own money is not an appropriate intervention, even from a senior staff member, in light of the relatively low amount of funds which were involved.

Continued...

All of these punitive directives & policies are puzzle pieces exposing the definite trend towards an overall picture showing how ultimately, we are being CONDITIONED to accept a world in which our bank will have 'advocate' status, ON BEHALF OF OUR OWN MONEY, preventing us from doing anything 'silly' / 'unapproved' with it.

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The Fabian Society is the authoritarian worldwide socialist movement which intends to fashion a one world government, which unlike many leftist organisations is designed to operate over the course of decades & even centuries rather than a single election cycle. It is their own version of a Great Work, the life's mission for its members, and the society is still going strong, with myriad high profile members from the worlds of business, politics & even religion.

A noteworthy quote is that of Australian Senator Chris Schacht who said in 2001 “You probably were not aware that us Fabians have taken over the CIA, KGB, M15, ASIO (Australian Security Intelligence Organization), IMF, the World Bank and many other organizations.”

World events most of which are ‘engineered’ leave a trail that leads to the architects. We next discover that there are 3 cities on earth that come under no national authority, they have separate laws, they pay no taxes, they have their own police force and even possess their own flag of ‘independence’. These 3 cities control the economy, military onslaughts and the spiritual beings of those in powers. The 3 cities are actually corporations and they are the City of London, District of Columbia and the Vatican. Together they control politicians, the courts, educational institutions, food supply, natural resources, foreign policies, economies, media, and the money flow of most nations as well as 80% of the world’s entire wealth. Their ultimate aim is to build a totalitarian rule on a global scale where people will be divided into rulers and the ruled after they have depopulated the world to numbers they wish to rule over. What we need to understand is that the world does not work according to what we have been led to believe. We are drowning in misinformation.

Master of Puppets; The Vatican City, The City Of London And The City Of Washington DC Connection.

These financial control hubs of the world we live in appear to have issued directives, likely discussed & administered in secret during Bilderberg meetings (various members have been repeatedly invited to Bilderberg meetings over the years), which exist only to dominate & control us, preparing our psyches for a world in which they will set limits on all of our formerly extant freedoms - the right to a home & family life, the right to travel unimpeded, the right to earn a living how we see fit, the right to spend our money as we choose, the right to believe what we want to believe, and to say what we should be permitted to say (which is anything, as long as we are not inciting violence or advocating for real crimes).

The directives encourage staff members at the banks to interrogate the customers to determine why they want to take out their money, and what they intend to spend it on, which are questions being asked solely that a record can be made of a person's financial activity beyond the simple data available regarding withdrawals & electronic purchases. They want us to be ready whenever they ask, to simply tell them what the money is for - as though it were any of their business whatsoever! This, I believe, is being done a year or two ahead of the planned launch of CBDCs (Central Bank Digital Currencies) which are easy for the bank to 'switch off' if we express political dissent, or if we 'spread misinformation' (who decides what is misinformation? Certainly it shouldn't be uneducated 'fact checkers') & so on. Anything we were to do which the ruling authority of the day is not happy with, would lead to our funds being switched off temporarily/ permanently, or having fines levied against us with no right to appeal (like the PayPal incident), the monies withdrawn from our account instantly. Furthermore, the CBDCs would be programmable, meaning that the customer can only spend them at approved retailers/services, they may have only a set budgeted amount to pay for groceries; beer & wine, spirits would all have strict caps so that you cannot 'waste' your hard earned money on having a good time with friends more often than once per month - the terrible outcomes of programmable CBDCs is endless, and the whole system as it is conceived is utterly insidious.

I've said it before & I'll say it again: When NWO characters, at the behest of Klaus Schwab & his masters, in their de facto one world government decide to roll out CBDCs as a mandatory system of finance, then all human freedoms will be eliminated immediately. They would have no need any longer to pretend that all the wicked directives & policies were somehow, in some convoluted way, 'good for us'. They would simply drop the pretence & begin to rule, in a tyrannical, brutal manner. "A boot, stamping on a human face, forever", as George Orwell famously put it. Freedoms gone, barring armed uprising.

It may take them a few years, but if they are laying out these conditioning directives in retail banks now, at the same time that BlackRock/WEF is pushing ESG policies down the throats of government & business leaders, then we can bet the farm that they're coming for the farm. As they are for real, in Holland at the current time. It's scandalous, and somehow, we must protest & awaken people to the decimating reality of what CBDCs will accomplish for the rulers, and the slaves. Slaves is you & me - we're either dead, or indentured slaves. I haven't mentioned the depopulation attempt in this thread, but it goes right alongside this topic, it's part of a 'Grand Strategy' - a multivariable plot by which to dominate & take over the world.

These changes are occurring in all spheres of society, with journalism too now suffering from the departure of objectivity; instead a directive/policy is coming down the chute which states that objectivity is undesirable in journalism, that instead journalists fulfil the role of acting as advocates for the news they promote, as though they were still advocates for truth, when in fact the exact opposite is the case. This is yet another evidence that the BlackRock/WEF directives/policies promoting ESG investment & corporate behavioural adherence are gathering pace. Yet another section of society that is being swallowed up by so-called 'stakeholder capitalism', with its attendant & very deliberate regulatory capture, governance capture, price inflation (not real inflation, just prices arbitrarily jacked up) leading to massive scams involving wealth transfer & deliberately inculcated industry collapse, ensuring that only the biggest retailers/ corporations can survive the heightened turbulence in the markets & on the high street.

RESIST

CBDCs are simply a gateway for social credit, for which we already have in place. Big tech / gov informs payment systems or banks as to which "bad actors" to stop serving by making them close their accounts or withholding their funds, etc. It's happened to a lot of people including substack authors and in particular people who speak the truth to power, where TPTB have their accounts closed to shut them up or slow them down.

I am seriously annoyed by our banking experience in the past few weeks -
We have two 401k's, and our accountant advised us while we were having our taxes done a few weeks ago, that we should transfer both to a bank Traditional IRA.
Well we took all paperwork for both 401k's to the bank I deal with, and saw an investment specialist who blabbed on for 2 hours, tried calling both investment firms and both stated the funds would have to be transferred through our request online only. But a bank account for those funds had to be set up first.
This specialist made a copy the size of a huge book of investment info for us, most of which is not legible because of low ink in the copy machine, and her personal office copy machine was not working.
She asked us to return a week later, to give us our new account info, and when we returned she had not yet set up our account. I was furious, asking her what on earth she had been doing all week. She explained that she was 'having computer problems'. We got up and left.
We then called my husband's bank, where he has checking and savings, to set up an appointment for this, and the woman I spoke with did not speak English very well at all - she said she could not find my husband's name or account info. I was completely dumbfounded by this, and that was the end of that bank.
I then called another local bank, another person who did not speak English fluently, and she had no idea what I wanted, so gave me the 800 # for the corporate office. I called that number and was told we could just walk into the bank and request this account set up, with proper ID. The other bank wanted Driver's License and credit card - this bank wants our Utility bill only as an acceptable ID besides the others. We paid our recent utility bill and threw out the paperwork in the recycling - so now we have to wait to receive the next bill to take it to the bank.
At the end of all this, I am so disgusted, not only do the investment companies give you a hard time about giving you your own money, but now the banks give you just as hard a time to open an account.
I was told that all this is just in the past two years, so now I understand!

a reply to: FlyInTheOintment
It's a bit unrelated but shows how problematic the whole digital money/management system could become. My son went to cash his tax return cheque from H@R Block, which is a well known tax preparation/accounting firm here in canada. It was for about $2000. His bank not only froze the cheque (not uncommon to hold a cheque for a short period) but also froze his entire account including prior savings. His cards didn't work despite having also just deposited his paycheque which he knew had cleared.

He spent two hours, twice on the phone that day, getting cut off each time at the the two hour mark. The next day he went to the bank manager at his branch who said the freeze had been put on as there was suspicion of fraud and that he needed to contact the fraud department. The bank manager said he had absolutely no way to help him or contact the fraud department or anyone higher up and that the freeze would remain until a certain date despite the outcome. My kid was pissed because he's a very honest guy and couldn't find any info on what was fraudulent. Two more times he calls the number with it being answered at literally the last minute the second time. The fraud guy says not to worry, it was likely a system error and to be patient. Long story short, my son got his money released on the date specified but now cannot find out if his name has been cleared. He's worried it's still on his credit record, understandably.

This kind of nonsense will only get worse and whether computer glitch or politically motivated, people will be dealing with this type of thing. How frustrating.

We can only hope enough people wake up , in time, to the reality of the CBDC system and what it entails, and that it will be stopped. Otherwise , life as we know it is over.

a reply to: FlyInTheOintment

The reality is as the law stands, it is not your money after you have deposited it with the Bank. So who in their right mind if you had a choice would deposit in their care? Now they usually use the questions of whether are you money laundering, or it is for your own safety, etc. They do not want you getting the redies out of the bank which of course diminishes their holding amount during these times. They don't even hold that much cash anymore at branches. The answer is to Transfer a decent amount of fiat into real money while you still have the chance. Or goods that will act as cash before the SHTF we all know that the ATM's where most people get cash are limiting withdrawals, they will progressively lower the daily withdrawal amount as they see fit.

FCD -

I appreciate your well written and thoughtful responses.

Are CBDCs coming? Probably. Then again, if you’re using cash you’re missing out on airline miles, cash back, airport lounge access, discounts, and other perks.

Said another way, credit cards already are CBDCs - and they come with benefits.

Rather than argue the pros/cons of the above statement (which I’m happy to, but, it’s not additive to my point), I’ll instead say this:

The transaction you described, and the response you received, is consistent with standard anti-fraud measures.

I have previously been personally accountable to overseeing risk management for a significant number of clients and assets (1000’s of clients and 1000s of millions of USD). Based on what you described, one of my managers (direct reports who I oversee) would have elevated your request to me for review. I would have asked for the CUSIP of the instrument you want to buy - along with many other questions.

I have frozen peoples money. I have seen many, many people get caught up in scams. I have resigned clients because I would not process a distribution and forced them to work with another financial institution to process the transaction. I have reported incidents to APS, the FBI, and various law enforcement agencies.

Scammers are very, very sophisticated in their schemes and who they target. You just came into an inheritance and bought a house. Scammers know that (100% they do and if you don’t think so you’re naive). The experience you had is risk management pure and simple. That’s it.

In regards to the other posters issues with local banks and brokerage accounts, you’re doing it wrong. Why on Gods green earth you’d ever put your investments with a local bank is beyond me. They are incompetent. I’m not slinging mud here as I say that. Consider this - if you were really good at working in the banking sector, would you work for a local or regional bank, or JPM? You’d work for JPM. Why? Because last I checked, we’re working for the weekend. That means you want to maximize what you make for your time. So, if you’re good, you go where they pay you. That’s not the local or regional bank.

Go to Schwab/Fidelity/E*Trade/whatever and open an account online. You’ll work with people who actually understand investment accounts and you’ll be fine. Actually, in under an hour, you’ll have solved all your issues with those accounts from the comfort of your couch while enjoying the adult beverage of your choice.

I don’t post all that often, and yes CBDCs are a major subject, but I would be remiss if my 15 years of experience in consequential positions didn’t step in and slay fears tied to what the OP is based on.

Be well.

FCD -

I appreciate your well written and thoughtful responses.

Are CBDCs coming? Probably. Then again, if you’re using cash you’re missing out on airline miles, cash back, airport lounge access, discounts, and other perks.

Said another way, credit cards already are CBDCs - and they come with benefits.

Rather than argue the pros/cons of the above statement (which I’m happy to, but, it’s not additive to my point), I’ll instead say this:

The transaction you described, and the response you received, is consistent with standard anti-fraud measures.

I have previously been personally accountable to overseeing risk management for a significant number of clients and assets (1000’s of clients and 1000s of millions of USD). Based on what you described, one of my managers (direct reports who I oversee) would have elevated your request to me for review. I would have asked for the CUSIP of the instrument you want to buy - along with many other questions.

I have frozen peoples money. I have seen many, many people get caught up in scams. I have resigned clients because I would not process a distribution and forced them to work with another financial institution to process the transaction. I have reported incidents to APS, the FBI, and various law enforcement agencies.

Scammers are very, very sophisticated in their schemes and who they target. You just came into an inheritance and bought a house. Scammers know that (100% they do and if you don’t think so you’re naive). The experience you had is risk management pure and simple. That’s it.

In regards to the other posters issues with local banks and brokerage accounts, you’re doing it wrong. Why on Gods green earth you’d ever put your investments with a local bank is beyond me. They are incompetent. I’m not slinging mud here as I say that. Consider this - if you were really good at working in the banking sector, would you work for a local or regional bank, or JPM? You’d work for JPM. Why? Because last I checked, we’re working for the weekend. That means you want to maximize what you make for your time. So, if you’re good, you go where they pay you. That’s not the local or regional bank.

Go to Schwab/Fidelity/E*Trade/whatever and open an account online. You’ll work with people who actually understand investment accounts and you’ll be fine. Actually, in under an hour, you’ll have solved all your issues with those accounts from the comfort of your couch while enjoying the adult beverage of your choice.

I don’t post all that often, and yes CBDCs are a major subject, but I would be remiss if my 15 years of experience in consequential positions didn’t step in and slay fears tied to what the OP is based on.

Be well.

Sorry for the double post.

And it should have been FITO, not FCD. I was reading something FlyingClayDisk wrote and got my wires crossed.

While I’m here - if your CPA is telling you to get out of your 401k, ask why. If it’s an inactive 401k then consolidation makes sense. Perhaps you’re self-employed so having a PSP/SEP IRA/etc. might make sense (among other vehicles).

If they said ditch the 401k so you can open up investment options (assuming you don’t have a PCRA option for your 401k) then I buy that.

On the other hand, as the son of a CPA I can tell you the CPA/local financial institution cross-sell is a thing. My parent never got into that game (and probably would have made them more money if they did) as they didn’t want to be beholden to anything. That said, it’s very, very common practice.

In my opinion, keep your investment and tax situation separate and do not take investment advice from tax professionals. Flip side, the only thing your investment professional should be doing that is proactive on the tax front is harvesting losses to minimize your tax bill. If your investment professional is also an accountant, find a new one of both. You need separation of church and state.

I’ve been involved with a lot of situations that have to do with a lot of money. These observations are my personal thoughts from lived experience at scale. One is free to do as they wish, but, be thoughtful beyond convenience or existing local relationships.

originally posted by: VulcanWerks
Are CBDCs coming? Probably. Then again, if you’re using cash you’re missing out on airline miles, cash back, airport lounge access, discounts, and other perks.

Said another way, credit cards already are CBDCs - and they come with benefits.

And how long do you think those "benefits" will continue once they have everybody in the system? You seem to be taking their bait and are hooked. I don't want to get hooked, so no way. I'll pass on those kind of "benefits," thank you.

originally posted by: VulcanWerks
FCD -

Wrong thread? Or just confusing FITO with FCD?

Are CBDCs coming? Probably. Then again, if you’re using cash you’re missing out on airline miles, cash back, airport lounge access, discounts, and other perks.

Convenience - the carrot of tyrants.

Said another way, credit cards already are CBDCs

If you really believe that, you haven't been paying attention. Yes, they have similar capabilities and functionality. The glaring difference is, no one is forced to use them.

When the Fed CBDC is rolled out, they will attempt to make it mandatory - meaning, there will be no choice in the matter. Cash will no longer be an option.

and they come with benefits.

Of course they do. That is how tyrants get a majority of people to voluntarily accept their chains.

In regards to the other posters issues with local banks and brokerage accounts, you’re doing it wrong. Why on Gods green earth you’d ever put your investments with a local bank is beyond me.

While I understand your point, and I don't know for sure FITOs reason for choosing a local bank, I know that I personally intentionally refuse to do business with the big banks specifically because they are 1,000% in lock step with the criminals running the show. 1,000%.

I would be remiss if my 15 years of experience in consequential positions didn’t step in and slay fears tied to what the OP is based on.

Yes, and in what we all have understood to be the 'normal world' for the last 30 years, you would be correct, but... if you can't see what is going on right now, and recognize that this is absolutely not the normal world you seem to still think you are living in... well, I'm guessing you're in for a rude awakening, sooner or later. Later, I hope, but sooner I fear.

To the OP, I would suggest using one of your local but larger Credit Unions. I've never had any problems with them, but they are also very good at anti-fraud protections, and with dealing with false alarms which are handled within a few minutes. Your experience would depend on the CU of course.

This is also a very big reason why I went down the bitcoin rabbit hole recently. Not 'crypto', all of the others are just #coins, yes, even eth. No, I suggest others might consider the same. Do your due diligence. Start binge watching everything you can find about it. Go watch Kevin O'Leary's journey from critic to full blown enthusiastic supporter. Same for Michael Saylor - and it was actually one of his videos, his hour-twenty-minute long interview with Tucker Carlson, where Tucker essentially just sat and listened for the entire time, I don't think I've ever seen Tucker just sit and listen like that:

It is in fact the only even remotely potential solution/alternative to this most extreme threat to our liberties and our nation as a whole that we have ever seen.

One final comment, there is a chance at least that their attempt to rollout their CBDC will fail, here is a conversation with one bitcoiner who believes this:

a reply to: FlyInTheOintment

I'll add a different take to this.

(Prologue) My mother lives in a different state then me. She got one of those call scammers that pretended to be someone she knew. My mom thought is was her grand daughter because the voice sounded like her.

(Action part) The woman scammer said she was in jail and needed $12,500 to get out. Then not to tell her parents about this. So my mom was convinced and went to the bank to withdraw it. The bank employee ( I forget if it was a Teller or someone else there) questioned the withdrawal since it was a unusual amount requested. He asked her what this was for since it was unusual, my mom told him the who, what and why. He then told her it was a scam, then she declined her request for that money.

(Epilogue) Mom got home and called me about this incident, I reassured her grand daughter is fine and safe at home with me. This event had her rattled and upset that someone would do that.

I understand what your privacy concerns are. I agree. Though in this instance on my end, the Bank employee did what he was trained to do. Question unusual requests in case of scammers trying to scam their cliental out of their money. Also on a side note my mother lives in a state where older people retire. So the banks have a save guard to protect their elderly cliental from losing their money.

That's it. Have a awesome week ahead.