How to Make Sure the Government Can’t Freeze Your Bank Account
By: Justin Spittler
GoldSeek.com
Wednesday, 2 September 2015
If you wake up tomorrow and your bank account is frozen… what will you do?
You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.
For years, Greece spent more than it took in. This led to a financial crisis that looked like it might destroy Europe’s financial system.
The Greek government closed all banks to prevent people from withdrawing all their money and crashing the banking system. Greek citizens could only withdraw €60 ($67) of their own money each day from ATMs.
European authorities eventually gave Greece a bailout… and the crisis dropped from the headlines.
But here’s something you probably haven’t heard from the mainstream media…
It’s now been two months and Greek people still can’t fully access their own cash.
Reuters reports:
Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe.
“Broad cash controls” means Greek banks are essentially frozen. Greek people can withdraw only €420 ($460) per week of their own money.
More from Reuters:
The longer it takes, the more critical the banks’ condition becomes as a 420 euro ($460) weekly limit on cash withdrawals chokes the economy and borrowers’ ability to repay loans.
The Rest…HERE
