Chase Bank Account Zero Balance “Glitch” – Test run for bank closures?
Just a day after the people of Cyprus woke up to find their bank account balances 10% lighter, Chase Manhattan customers woke up to find zero balances. Many could not get even get online to access their accounts! We, at Truth Frequency cannot help but wonder if this is a test to see how people will react to a bank holiday or a sudden collapse of the economy. Just a few weeks ago Bank of America customers were also unable to access their accounts.

Bank runs are a very touchy subject. We have to realize that the banks only hold 10% of all money in their reserves thanks to the fractional reserve system. One must only peruse Modern Money Mechanics to realize how money is created and handled. First, it’s noteworthy to mention that only 3% of all money actually exists in paper or metal form. The rest is nothing but digits in a computer system. But it’s even more chilling to think about the fractional reserve system and how banks only have 10% of their money on hand. Therefore if only 10% of the money was withdrawn, the economy would crash. Factor in the very fact that only 3% exists in paper form and disaster is imminent! It’s really a catch 22 situation. Withdrawl all of your money from the bank and crash the economy. Or leave your money in the bank where it’s sure to be stolen.

More here....
truthfrequencyradio.com/chase-bank-custo...n-for-bank-closures/


Jane