Italian Banks Freeze Customer Accounts for "Up to a Month"

Think about it folks, this could be you! I strongly urge each and every person here to be calm, rational, gather information, and decide how you can deal with what might be coming your way.

Imagine waking up tomorrow and finding you have no access to your bank account.

As Italian customers wake up to frozen bank accounts Europe officials are planning limited bank account and ATM withdrawals to deal with Greece exit.

What do you do? Do you even bother to go to work, if you won't be seeing a paycheck anyway? What about the electric bill that's due? What are your options? Can you even leave?

as part of a contingency plan to deal with the worst case scenario of Greece leaving the Eurozone which include imposing border checks and limiting ATM withdrawals.

Apparently this has been going since the 31st of May and is only just now making the rounds on the web. I did not find anything relating to this a search of ATS.

The media certainly hasn’t reported on it and news of the freeze is only now starting to make its way around the internet after a complaint was posted on the popular Italian consumer rights website Adiconsum along with a photo of a shutdown ATM.

Do you live in Europe? If so, please don't panic, instead be prepared! It may be coming your way too.

European officials are now drawing up plans to implement similar measures at banks across Europe to deal with the financial difficulties of Greece exiting the Eurozone.

Source
Source

Edit: because for some unknown reason my first source will not make a working link, you can go to 321 Gold and click on the link next to the title Europe Planning Bank Withdrawal Restrictions To Deal With Greece Exit.

Originally posted by Ameilia
As Italian customers wake up to frozen bank accounts ...

Just to clarify the sensationalism, it is ONE bankrupt bank (not Italian "banks" plural") that has done this.

Originally posted by alfa1

Originally posted by Ameilia
As Italian customers wake up to frozen bank accounts ...

Just to clarify the sensationalism, it is ONE bankrupt bank (not Italian "banks" plural") that has done this.

Just to clarify your clarification, the "one bank" just happens to be the major bank of Italy, called The Bank of Italy.

I'm not an Italian by any means, so maybe an Italian poster can come and help here, but I'm equating this to Bank of America being the "one bank" frozen in America. Which would affect a large percentage of the population.

Furthermore, it doesn't matter that it's one bank right now, as there are also plans being discussed to close additional banks all across Europe. You know what that will do? It will cause panic. It may even cause global bank runs. Which is why it was kept quiet. Which is why I started this thread, because if people know in advance that gives them time to plan instead of panic.

Originally posted by alfa1

Originally posted by Ameilia
As Italian customers wake up to frozen bank accounts ...

Just to clarify the sensationalism, it is ONE bankrupt bank (not Italian "banks" plural") that has done this.

Guess that showing your ignorance is always gratifying for you, or at least it looks like it.

As an european citizen I find this very disturbing.

That is a GREAT way to instill trust and confidence in one's business ......by cheating it's customers out of their own money. I can tell you that if a bank did that to me, I would NEVER EVER trust my money to that particular bank again. In my eyes that action would pretty much be like signing one's own death warrant. Good thinking! It's almost as good as pulling over a Ferrari driver and asking them for their Tax I.D. card. It's a sure way of bringing in that tax revenue...... not.

reply to post by Ameilia


Cybermerc has created a thread regarding Survivalblog.com which has just issued a recommendation to blog readers to turn their financial assets into tangible assets. Here is his thread.

The above statement is not meant to either agree with or disagree with anything stated on his thread or anything I have posted here regarding the European banking situation and what it might mean for the US.

Please do your own research and come to your own conclusions. More information = more informed decisions.

Just imagine if this happened in America. Reality would finally hit the country and maybe most would understand where we are.

If you have never had your bank account frozen then you truly will never know what it feels like. I had cash on hand but not enough to last us a while. Plus I had electronic bill pay due and even though I called to let them know what was going on and they verified the payment went through they still had the audacity to bug me about it day after day after day, after they realized the funds didn't transfer, until I got money to pay them. We had food, water, and shelter, but to get to work means getting gas, and still not knowing what to do or why it happened the next day scared the Bleep out of me. Luckily I had some other means to make it through until the bank finally gave me my money back.
After all was said and done over the phone and e-mails, I got a letter in the mail saying they had to freeze my account. Found out it wasn't even me that they were tracking, and I had already got my money back. Snail mail, got to hate it. So moral of the story is that it sucks having all your work and what you earned frozen by people who just sit behind a desk with no sympathy for whose name is on the paper in front of them or what that really means to their life. If it happened to everyone it might have been a different story but this was just me. Be careful people of what you wish for because you just may get it but in a different way then you think.

reply to post by Ameilia


This is one of the comments left on the sources page:

I am from Italy and I follow closely local and international financial and economic news and I want to set this right: that is NOT a “major Italian bank”, it’s not even a relatively well known bank, I HAVE NEVER HEARD OF IT until now. It must be a local, VERY small bank (probably one of those online small time operations which have flourished until recently).

Originally posted by Bone75
reply to post by Ameilia

 

This is one of the comments left on the sources page:

I am from Italy and I follow closely local and international financial and economic news and I want to set this right: that is NOT a “major Italian bank”, it’s not even a relatively well known bank, I HAVE NEVER HEARD OF IT until now. It must be a local, VERY small bank (probably one of those online small time operations which have flourished until recently).

Thank you for spotting this comment Bone75! That is sure a load off my mind. I mean, Bank of Italy just sounds huge and no Italians have popped on to say this previously. I guess we have a low population of Italians on the board.

I will however continue to follow this situation closely for future developments, as we all should. Too bad this comment was not posted last night when I was still in the 2 hour window where I could edit the OP.

Sorry OP, but in my opinion you've been had. I live in Italy and I can assure you - if even ONE person was 'closed out of their account' since the 31st of May - much less a multitude - the world would have heard about it a LONG time ago.

And really - don't you think it's even a little suspect your links either don't work or lead to those advertising for selling precious metals or a blog?

peace

Originally posted by silo13
Sorry OP, but in my opinion you've been had. I live in Italy and I can assure you - if even ONE person was 'closed out of their account' since the 31st of May - much less multitude - you'd of heard about it a LONG time ago. In my opinion someone's feeding you a line.

And really - don't you think it's even a little suspect your links either don't work or lead to those selling gold?

peace

edit on 14-6-2012 by silo13 because: (no reason given)

I believe the first link doesn't work because it's not supposed to, per ATS. The website the link is on, per my OP, 321 Gold, is a website I have been following for 11 years. It is not "selling gold" and if you read the entire website and each link on there, you will find this out for yourself. But I totally understand why it comes across that way at first glance. You don't have my history with the site owner, and you and I will see it totally different.

The second link (allowed on ATS) leads to Zero Hedge. Another website I have been reading for 8 years. They do push gold as a good investment, but again are not selling gold and if you read the site you will find much more than gold talk. Again I totally understand why you are seeing it one way, and I am seeing it another.

Furthermore, I am so happy an Italian is finally posting! It's wonderful to hear from someone actually on the ground where this situation is [supposedly] happening. If there was ever a situation where I was "had" I can assure you this one is the perfect one. I'd much rather be had than this be a preview of coming times.



Thanks for finding this thread and adding your thoughts.

reply to post by Ameilia

I'm not slamming you - your effort or your care presenting what you believed to be an important hunk of info. I think we all do appreciate the time and effort you put into the thread and your humanitarian attempt to warn. For that I applaud you. Just remember - the world is a lot smaller place than it used to be... And hey - if this guy who (seems to be) behind all this info is a nutter? There's may more where he came from. If not? Then we'll have to pay closer attention next time.

Peace

reply to post by Ameilia


Your welcome Ameilia And I'm sorry for derailing your thread, it's nothing personal. Since joining ATS I'm starting to realize that I have a nose for BS and sensationalism. Of course 1 comment doesn't necessarily mean that the article is disinformation, but I just can't see a major bank anywhere in the world doing this without the rest of us (especially those of us who are following this stuff) knowing about it.

Now I DO expect major banks all over the world to start doing this, but it won't be one at a time, it'll be all at once.

A Google search on this (URLs are blocked):

Major Italian Bank Freezes All Customer Accounts

These results probably contain the links in the OP... Willing to bet that many others like myself are wondering WHY these stories look so legit and why the URLs are blocked here on ATS. NOT paranoid, just curious...

A LOT of people have been talking about this and it's NOT looking good:

So let me re-affirm again, it is the situation in Italy that you must watch. Not so much Spain but Italy. The Italians are in very serious trouble and the implications of that economy collapsing are immense and the shock waves will reach America soon after. LINK

"The media is owned by the bankers, and controlled by the government. Any more questions?"

"This isn't being reported because the MSM feels their part of the story - members of the elite - RATHER than people reporting on the elite and their crooked choices. The press has delusions of grandeur... they're fools."

"...watch Italy. Forget Spain.....but WATCH Italy. Once they fall, all the dominoes will begin to fall there after." LINK

"Related to this situation is not the situation in Spain, but the dire condition of Italy. If Spain buckles, the European Union will survive. If Italy soon follows, that may prove the Euro’s death blow.

The man calling himself Obama, when most recently told of this potential outcome, was entirely indifferent. This indifference is likely the direct result of his ignorance. So let me re-affirm again, it is the situation in Italy that you must watch. Not so much Spain but Italy.

The Italians are in very serious trouble and the implications of that economy collapsing are immense and the shock waves will reach America soon after. Measures are being taken to avert this crisis, but it is a crisis that stems from decades of fiscal neglect, and the outcome is at this time, entirely unknown to me. If Lagarde pushes but a bit harder, Italy will collapse. LINK

Originally posted by babybunnies
I too firmly believe that we are in for a second market crash since 2008.

I believe that TPTB are following the same playbook that was used in 1929, and there was a crash two years later, a bigger one that is mostly forgotten.

We're overdue, mostly because the stock market is being heavily artificially manipulated and propped up by the Federal Reserve, who fear an economic collapse when the second crash comes.

This is obviously a deliberately engineered event and The REAL terrorists WANT a total melt down...

"The Federal Reserve definitely caused the Great depression by contracting the amount of currency in circulation by one-third from 1929 to 1933." ~ Milton Friedman, Nobel Prize winning economist

"Rakovsky refers to the 1929 Crash and Great Depression as an "American revolution." It was deliberately precipitated by the Illuminati for profit, to break the "classical American," and to take political power.

"The man through whom they made use of such power was Franklin Roosevelt. Have you understood? ...In that year 1929, the first year of the American Revolution, in February Trotsky leaves Russia; the crash takes place in October...The financing of Hitler is agreed in July, 1929. You think that all this was by chance? The four years of the rule of Hoover were used for the preparation for the seizure of power in the United States and the USSR: there by means of a financial revolution, and here [Russia] with the help of war [Hitler, World War Two] and the defeat which was to follow. Could some novel with great imagination be more obvious to you?"

LINK

"some Russian economists stating that the Obama regime is actually anticipating the collapse of the US Dollar as a “solution” to their being able to implement drastic socialistic change such as was done during the Great Depression under President Franklin D. Roosevelt, and which the grim statistics being reported from the US show they are, indeed, nearing total economic collapse..."

Biggest Scam In World History Exposed

Originally posted by brokedown
"Collapse of the World’s Economic System is inevitable, this is just how the Central Banking System is designed to operate. It can’t operate any other way, collapse is a Mathematical certainty.

The only open question is, can the Collapse be triggered and controlled by the Central Bankers, or does the collapse happen outside of their control."

I have my food and bog out bag.
new boots and coat too.

I keep most of my cash and passport in tinfoil * 2.
that stops the rif chip in the passport giving it away.
fireproof too. ok not high temps.
but it would need to melt the bricks first.

Originally posted by ColorGuard
Just imagine if this happened in America.

Reality would finally hit the country and maybe most would understand where we are.

I actually would like to see that....talk about loss of any and all civility, Americans are rude to start off with, this would just be the straw that broke em.