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Chase Bank new policy on Safe Boxes -- Beware!
Chase Letter to Safe Box Customers | 4/8/15 | self

Posted on 04/08/2015 2:09:58 PM PDT by Migraine

I received a letter this past week from Chase because I was a safe-deposit-box customer. It was heavy handed and startling. Some of the terms included that lessee agrees not to have more than $25K worth in there (what's that? half of a good diamond?), that you can't have cash or coins in there (right away I thought Krugerrands, etc), and that the bank can restrict access to the box for any reason, or for no reason (unexpected circumstances, natural or manmade -- the sky is the limit). The contents are not protected against loss or damage. Oh, and they are raising the rent. I promptly went down and withdrew all my money, emptied the box of my meager possessions, and closed the accounts.


TOPICS: Business/Economy
KEYWORDS: banking; chase; finance; safedepositboxes
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To: TBP

Yes, I read the Rockerfeller family had 22 billion dollars in 1969 but I cannot remember where I read this information. If that figure was right I wonder how much the Rockerfeller family has now.


41 posted on 04/08/2015 3:47:19 PM PDT by citizen352 (I have done no harm. But I remember now. l am in this earthly world...)
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To: citizen352

Last year, Forbes ranked them a $10 billion, barely in the top 25 wealthiest families. Fortunes get smaller when too many take but don’t replenish.

By comparison, the #1 Walton clan had an estimated $125 billion.


42 posted on 04/08/2015 3:56:21 PM PDT by jjotto ("Ya could look it up!")
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To: M Kehoe

I have not received this letter but I have long suspected that gold and/or silver in safe deposit boxes might be confiscated.


43 posted on 04/08/2015 3:59:40 PM PDT by citizen352 (I have done no harm. But I remember now. l am in this earthly world...)
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To: BobL

Bob, I agree. Nothing is too underhanded for them.


44 posted on 04/08/2015 4:12:52 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: citizen352

Well, now we know for sure. We’ve been put on notice.


45 posted on 04/08/2015 4:13:40 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: BobL

Breaking Bad Wind is more like it (but I get your drift).


46 posted on 04/08/2015 4:15:30 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: Migraine

they are paving the way for the currency default that is coming. About a 66% devaluation. They will go into your safety deposit box and take out gold, silver, diamonds and cash and replace it with the new dollar which takes 3 old dollars to buy.

Take all your stuff out of your safety deposit box and put it in a home safe bolted to the floor.


47 posted on 04/08/2015 4:48:21 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Georgia Girl 2

Thanks, Georgia; I am with you on this!


48 posted on 04/08/2015 5:28:54 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: Migraine

Looks like it’s time for do-it-yourself private vault technology collaborations.


49 posted on 04/08/2015 6:07:23 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Migraine
The future of banking.


50 posted on 04/08/2015 6:24:26 PM PDT by BBell
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To: Migraine

Layers of concrete and abrasive resistant plate (AR plate) might be a start for home vaults, but I haven’t bothered to design anything, yet (e.g., bolts/latches).

Banks are getting ready for a repudiation of debt. Similar measures were taken in other nations that defaulted and repudiated. In the end, they’ll probably prevent outlaw foreign transactions for a short while and do whatever to prevent currency from leaving the U.S.A.

Eventually, the dollar will most likely fall much with respect to several of the other currencies (see net energy commodities exporters and net manufactured products exporters).


51 posted on 04/08/2015 6:52:36 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop

Serious stuff, and time we engaged it with some concrete solutions.


52 posted on 04/08/2015 8:48:16 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: Migraine

Did you call switzerland swastikaland? Yikes.


53 posted on 04/08/2015 8:49:25 PM PDT by Yaelle
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To: Yaelle

I think I said Swisstikaland, in honor of their willingness to bank the Nazis’ loot in numbered, no questions, accounts. Now, they are just as willing to betray a client as the next bank.


54 posted on 04/08/2015 9:47:36 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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To: Migraine

bookmark


55 posted on 04/10/2015 11:12:35 AM PDT by Steve0113
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To: Migraine

If the boxes are not protected from loss then why do they care what you have in it?

Obviously, they intend to steal what’s in it when the fed demands them to do so.


56 posted on 04/10/2015 11:36:36 AM PDT by CodeToad (Islam should be outlawed and treated as a criminal enterprise!)
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To: CodeToad

I think these new rules came about as a way of going after cartel cash and valuables; but now the rules are expanding to do nefarious things to the good guys when the currency no longer inspires any confidence.
So, I think you’re right.


57 posted on 04/11/2015 11:15:23 AM PDT by Migraine (Diversity is great -- until it happens to YOU.)
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