The US is building a virtual Berlin Wall, one restriction after another. Don’t want citizens to be able to flee the growing hegemon and take their assets with them.
Were you under the mistaken impression that it’s your money?
I’ve been doing business internationally for 41 years. This is not new. I think our banks did something similar with Nigeria 30 years ago for a while.
Just another vulnerability the little guy has.
Is this retaliation for border enforcement?
Was just in Belize, and it is Booming all over.
US ex pats are flocking their due to great real estate opportunities, modernizing infrastructure, very low taxes and low crime (unlike its neighboring countries).
One year residency there and you have an opportunity for obtaining citizenship and a Belize passport.
I suspect the US gov’t wants to discourage citizen’s from going Galt there.
Now how am I going to get my money package released?
The next step for government action will be to decree that certain people are forbidden to participate in the monetary system. This will become more possible as cash is squeezed out of use.
This is a necessary trend that takes us squarely to the time when a person must have a “mark” to “buy or sell”. However it arrives, it was anticipated over 2000 years ago when John wrote Revelation chapter 13.
They are putting up an electronic Berlin Wall.
This is just another extension of FACTA and our overbearing government wanting to control everyone’s money.
BofA is owned by Warren Buffet and his investors. When I found that out I moved all of my money to a local community bank.
They make there money off of massive over draft fees. Here is the scheme they used.
You enroll in automatic bill pay services and set up the dates for those bills to be paid. Prior to Buffet and Company taking over, BofA would send out the payment on the date you set up and 2-4 business days later (it’s a warning in the fine print of the service) the payment would be received and posted to your account.
Buffet came in and set up the new policy that they send out the payment 3 days earlier, and deduct it from your account on that same day, then the date you set up for it to go out of your account. The problem is most people, me included, set up these payments based upon when our pay checks will be deposited knowing that we have money in our account to cover the withdrawal, which didn’t occur until the payment was actually received and deposited by the receiver.
By flipping the date BofA knows they will catch several thousand customers with not enough funds to cover the payment and then hit them with overdraft fees.