Article: HSBC Bank on Verge of Collapse: Second Major Banking Crash Imminent

[Dennis Leahy]

This website (Iacknowledge.net) is not known as sensationalist. Though I haven't vetted this, I thought it was way too important to wait.

(a minor aside) Timing? Super-bowl weekend. The Super-bowl is meaningless BS to most of us, but a huge distraction to a lot of the American public. They are out buying cases of beer and bags of chips, and this will take them "completely by surprise" on Monday morning. (Unbelievably, many US citizens deliberately watch the commercials during the Super-bowl, as it is a showcase of commercials that are funny or use technically advanced CGI.)


Concerns about an imminent bank crash were further fuelled today at news that HSBC are restricting the amount of cash that customers can withdraw from their own bank accounts. Customers were told that without proof of the intended use of their own money, HSBC would refuse to release it. This, and other worrying signs point to a possible financial crash in the near future.

HSBC is scrambling to manage a seemingly terminal liquidity crisis (a lack of hard cash) that could see the bank become the next Northern Rock – and trigger a bank crash. The analyst’s advice is for shareholders to sell HSBC investments, and customers to move their accounts elsewhere before the crash.
Source: http://iacknowledge.net/hsbc-bank-on-verge-of-collapse-second-major-banking-crash-imminent/

Dennis

[Dennis Leahy]

(Not that I've been searching all day) I have not yet found another absolute source to confirm this story. There is an article at infowars, and they say the info came from someone attempting to withdraw £7,000 who then called-in to the BBC "Moneybox" radio show. http://planet.infowars.com/economics/hsbc-imposes-restrictions-on-large-cash-withdrawals

And here's basically the same from the BBC: http://www.bbc.co.uk/news/business-25861717

Keep your ears open for anything else on this. If that is really the only background story, it is probably too large a leap to declare that HSBC is going down.

Dennis

[Octavusprime]

I asked my friend today, who is an executive banker at BOA, about the HSBC. He said they are likely to be the next financial firm to go under. They are trying to prevent a run on their banks but once confidence is lost people are quick to pull their money for fear of losing it. It seems the bank has given some people the heads up on what's to come. Yet at the bottom of the financial tier, they are making it very difficult to withdraw money.

From RT News:

"HSBC has requested embassies and consulates around the world to close their accounts and transfer their funds to other banks within 60 days."

http://rt.com/business/hsbc-diplomats-bank-embassy-059/

[Tesla_WTC_Solution]

In the UK they (HSBC!) were refusing to let people withdraw money without a written excuse!

People protested and they let them take it out.

Is there a run on the banks?

[Carmody]

HSBC is apparently, if I have this right, a major player in the dark finance, or the 'hidden finance' system.

http://www.reddit.com/r/conspiracy/comments/1qnth3/financing_a_breakaway_civilization_a_series_of/

[Griff]

Thank you for that link Carmody, it's been an extremely interesting Sunday morning read! It's helped me put together several things I haven't connected before.

Griff

[Griff]

I also highly recommend the videos suggested in that article. They made for a great Sunday afternoon video marathon. Here they are:

Here's a good lecture from Dolan:

Richard Dolan Presents A Secret Space Program: From Rumor to Reality to After Disclosure

https://www.youtube.com/watch?v=JZgqjyhO0vY

Here's another great lecture from Peter Levenda, another excellent researcher:

Peter Levenda - Secret Space Program & Breakaway Civilization

https://www.youtube.com/watch?v=Ire2jMRBQRw

And finally, here's Paul LaViolette discussing some of the more technical aspects of the types of technology we're talking about:

Dr. Paul LaViolette Presents Secrets of Antigravity Propulsion

http://https://www.youtube.com/watch?v=ifEgGMFK-VU

I can tell you they're far more interesting than the Super Bowl! Enjoy!

Griff

[Operator]

There is a slight error in your last link (extra http:// should be removed)

Here is direct access to the videos:

JZgqjyhO0vY

Ire2jMRBQRw

ifEgGMFK-VU

[foreverfan]

http://www.washingtontimes.com/news/2014/jan/26/hsbc-bank-limits-large-cash-withdrawals-without-pr/

Several HSBC customers in England have complained of being stopped from withdrawing large amounts of their own money because they could not provide proof of what they planned to use it for.

Listeners told BBC Radio 4’s MoneyBox program that they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

Stephen Cotton told the station that he tried to withdraw £7,000 from his savings account to pay back a loan from his mother.

“When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for,” he said.

The bank apparently wanted a letter from Mr. Cotton’s mother.

“I said, ‘Can I have £5,000?’ They said no. I said, ‘Can I have £4,000?’ They said no. And then I wrote one out for £3,000 and they said, ‘OK, we’ll give you that,’” he said.

Read more: http://www.washingtontimes.com/news/2014/jan/26/hsbc-bank-limits-large-cash-withdrawals-without-pr/#ixzz2rXlG48qo
Follow us: @washtimes on Twitter

[AlaBil]

http://www.washingtontimes.com/news/2014/jan/26/hsbc-bank-limits-large-cash-withdrawals-without-pr/

Several HSBC customers in England have complained of being stopped from withdrawing large amounts of their own money because they could not provide proof of what they planned to use it for.

Listeners told BBC Radio 4’s MoneyBox program that they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

Stephen Cotton told the station that he tried to withdraw £7,000 from his savings account to pay back a loan from his mother.

“When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for,” he said.

The bank apparently wanted a letter from Mr. Cotton’s mother.

“I said, ‘Can I have £5,000?’ They said no. I said, ‘Can I have £4,000?’ They said no. And then I wrote one out for £3,000 and they said, ‘OK, we’ll give you that,’” he said.

Read more: http://www.washingtontimes.com/news/2014/jan/26/hsbc-bank-limits-large-cash-withdrawals-without-pr/#ixzz2rXlG48qo
Follow us: @washtimes on Twitter

This article is pointing out the fact that the banks are now considering our deposits, THEIR MONEY, and make it difficult for us to withdraw and use that money. Here in the US, any amount over $10,000 creates a paper trail to the US Federal government and each bank is required to fill out the form whenever that amount is exceeded. In many banks they routinely fill out the paperwork for lesser amount to cover their fanny.

It's not the same thing, but it's going in the same direction as the deposits in Greece over 100,000 Euros. The failed banks just took your money held in their banks over that amount. Making it hard to access your money is heading in that same direction. IMHO

[Eagle Scout]

Peoples Bank of China just halted all cash transfers and told their banks to do the same.

Per Steve Quayle site todayfrom Forbes...........not good.

Eagle Scout

[Dennis Leahy]

If anyone is wondering about my "aside" about timing, in the opening post, it was a mistake. I thought this was the weekend of Superbowl. Don't mind me - I'm not connected to any "pop" culture events. Carry on. :embarassed:

Dennis

[Operator]

Peoples Bank of China just halted all cash transfers and told their banks to do the same.
Per Steve Quayle site todayfrom Forbes...........not good.


Steve Quayle only linked to the Forbes article (http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/)
The Forbes article is remarkable indeed ...

[jackovesk]

HSBC could have overstated its Assets by more than $50bn pounds and ultimately need a Capital Injection of close to $70bn pounds before the end of this decade, according to an incendiary report published by Hong Kong-based research firm.

~ telegraph.co.uk


Must Watch...:yes4:


http://www.youtube.com/watch?v=myKKGYRvPsI


"This bank is technically (INSOLVENT) and has been for over 5 years..!"

US style (Bailout) on its way London...:yes4:

~ Max Keiser

...and This

Schiff: If The Public Knew How Screwed They Were…

http://i.ytimg.com/vi/y1u0_mgmUIw/mqdefault.jpg

Saturday, January 24

Peter Schiff joins Joe Rogan at the 4 minute 15 second mark of the video below for a blunt conversation about the American economy and our ever more clear road to collapse. Although many Americans believe that Wall Street is to blame, Schiff makes clear that the blame for the upcoming collapse should lay squarely at the feet of government.

“I can’t necessarily blame Wall Street for wanting something for nothing but I blame the government for supplying it.”

Schiff then went on to explain that the federal government not only wants to keep its supporters happy but it also wants to make sure that it continues to successfully deceive Americans.


“The government wants to maintain the illusion of prosperity, the illusion of economic growth and so the way they do that now is through financial markets, through assets. They get the stock market to go up, they get the real estate market to go up and somehow they pretend that that means the economy is getting better just because asset prices are rising.”


Schiff then pointed out that the economy is not necessarily getting better when asset prices are going up.


“It’s not like we’ve got more factories turning out more stuff. All that they do is they get asset prices to rise so that people can borrow more money against those inflated asset values and then spend it. But we’re buying things that are made in other countries. It doesn’t evidence economic growth here, it evidences the economic growth in the countries who are able to produce all the things that we have to borrow money to consume.”


Schiff then explained what inflating the asset market does to the average American.


“It doesn’t benefit the average American. That’s why the average American is suffering as result of this massive transfer of wealth that is emanating from government, from the federal reserve and from what’s happening in Congress and the White House.”


Schiff goes on to say in the conversation that the financial policies of the government are a complete failure.


“Everything they are doing now is just setting the stage for a economic disaster that is going to be much worse than what we had in 2008.”


If you would like to listen to the entire conversation between Joe Rogan and Peter Schiff, the podcast can be found on Joe Rogan’s website by clicking HERE (http://podcasts.joerogan.net/podcasts/peter-schiff).


http://www.youtube.com/watch?v=8IHU42j3evQ&feature=player_embedded
http://benswann.com/peter-schiff-if-the-public-knew-how-screwed-they-were-they-might-not-re-elect-the-guys-that-are-there/

PS - A (((((( Sound-Out )))))) to all our Avalonian ((GUESTS)) that clicked on this Thread...

NEVER "EVER" Forget to use your (OWN) God Given (COMMON-SENSE) to help you wade through all the (LIES & Deception) that is being constantly shoved down your throat by the PTW/Govt. & MSM...:wizard:

Just like Keiser and Schiff have explained 'above'...:yes4:

When in Doubt, use the Duck analogy...

https://upload.wikimedia.org/wikipedia/commons/thumb/a/a1/Mallard2.jpg/330px-Mallard2.jpg


If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a (FKIN-DUCK)..!!! :yes4:

~ jackovesk

[bearcow]

A variety of sources including Forbes, Max Keiser, and FXstreet (Forex) have are reporting a Bank of China announcement suspending all cash transfers for the next several days. The Forbes report states:

“The People’s Bank of China , the central bank, has just ordered commercial banks to halt cash transfers.

In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.

they are doing this once a month for three days for the rest of the year, they also did this at least once last year, it is only for small cash transfers over the internet, atm's and large amounts of cash are still being processed as usual. They are most likely trying to limit stress on the payment network during the chinese new year.

The facts be dammed, Avalon needs it's next gloom and doom scenario

[GuyFox]

Here in Hong Kong, the market seems to be treating the news of UK withdrawal limits with mostly a big yawn.

Hang Seng Index is down : - 1.93 % / - 433 to 22,017

HK-5 / HSBC is down ---- : - 2.20 % / -2.20 to $82.20

HK-2840 / Gold etf is up- : +1.17% / +11.0 to $952.00

[Dennis Leahy]

Forbes Pulls Down China Hoax Story; Even As Dennis Gartman Is Completely Fooled

Source: http://www.zerohedge.com/news/2014-01-27/forbes-pulls-down-china-hoax-story-dennis-gartman-completely-fooled