The Next Shoe Drops Just 2 Days After The Last One…(Banking Facism!!)

Thursday, May 8, 2014
By Paul Martin

by Tyler Durden

Two days ago, we told you about how the US appears to be destroying its banking system with the FATCA deadline – it’s as if they’re deliberately trying to weaken one of the few things that still gives the US a shred of power in the world anymore. Fast forward to today and the next shoe appears to have dropped… The FT reported yesterday that JP Morgan has started freezing accounts, declining credit card charges, and terminating customer relationships with foreign diplomats and politicians. All of this is under pressure from the US government to scrutinize banking relationships with “politically exposed persons”, or PEPs. Apparently once you’re a PEP, you’re always a PEP. So banks are simply shutting these relationships down.

The Rest…HERE

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