Conservative websites such as DrudgeReport.com and WND.Net are running dramatic headlines such as "Chase Fees on Cash; Limits Withdrawals on Some Accounts."
The headlines all link back to an article by the conspiracy website Infowars.com, whose founder Alex Jones claims the new Chase Bank policy is a "war on cash and a war on small business and individuals."
Jones adds, "This is where the mega banks have wanted to take us all along – a total cashless society that destroys all privacy and allows them to fine and fee the general population into serfdom. This is clearly a major step towards capital controls as we saw with the Cyprus bail-in."
Infowars.com writer Paul Joseph Watson originally posted a picture of a purported letter from Chase Bank (below), which limits cash withdrawals from an unknown customer and bans this customer from sending international wire transfers beginning on November 17.
According to Watson, this action is being applied to all Chase customers because of the "looming financial crisis in the United States by imposing capital controls."
Watson, who also writes for InfoWars.com sister website PrisonPlanet.com, received a tweet from Chase Bank that read: "@PrisonPlanet, certain biz accounts will no longer allow intl wire &large cash transactions, but customers can opt for Chase accounts that do."
In his tweet, Watson then falsely claimed Chase Bank was applying this policy to "all" business account holders: "Chase Bank CONFIRMED all business account holders are being hit with restrictions and customers would have to pay fees to withdraw money."
NaturalNews.com, another conspiracy site, sounded the false alarm that accounts were going to be seized:
This is the beginning of the capital controls we've been warning about for years. Throughout history, when governments are on the brink of financial default, they begin limiting capital controls in exactly the way we are seeing here.
Following that, governments typically seize government pension funds, meaning the outright theft of pensions for cops, government workers, etc., is probably just around the corner.
This is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that you've deposited there.