The cash crisis begins as Chase to start charging 1% fee on bank deposits starting May 1

Saturday, May 02, 2015 by: J. D. Heyes

(NaturalNews) As we predicted, the cash crisis in America is beginning, and the occasion has been marked by a recent announcement from one of the country’s largest banks. Beginning May 1, JPMorgan Chase will begin charging certain (wealthy) depositors for the “right” to keep their money in JPMorgan Chase banks.

As noted by, the bank sent some of its larger depositors a letter that said it would charge them a “balance sheet utilization fee” of 1 percent annually on deposits in excess of the money they require for operations. In other words, that amounts to a negative interest rate on many of those deposits.

“The targeted customers – mostly other financial institutions – are already snatching their money out of the bank,” Bloomberg News reports, adding that this is “exactly what Chief Executive Officer Jamie Dimon wants. The goal is to shed $100 billion in deposits, and he’s about 20 percent of the way there so far.”

Pay for the “privilege” of depositing cash

Peter Coy, writing for Bloomberg News, urged readers to “pause for a second” to “marvel at how strange this is.” Historically, banks have always paid interest to depositors; it was a reward, of sorts, to depositors by the banks for the use of depositors’ money to make loans and conduct additional financial business that enabled the bank to make money.

Now, however, keeping huge amounts of cash on hand is apparently no longer seen as good business. Large financial institutions like JPMorgan Chase are shunning cash unless customers “are willing to pay for the privilege” of depositing it, Coy wrote.

“Nick Bunker, a policy analyst at the Washington Center for Equitable Growth, was so dazzled by interest rates’ falling into negative territory that he headlined his analysis after a Doors song, Break on Through (to the Other Side),” noted Coy.

Negative interest rates have become much more commonplace in cash-strapped Europe, where a number of socialistic governments facing hard economic times (too little economic growth versus too much outgo in the form of generous public benefits) have had their central banks cut interest payments to below zero.

In fact, the European Central Bank itself, which is struggling to spark economic growth throughout the continent, has a deposit rate of -0.2 percent.

The Swiss National Bank, meanwhile, has a much lower deposit interest rate of -0.75 percent amid worries that the Swiss franc will disrupt trade. On April 21, Coy reported, the cost for banks to borrow from each other in euros went negative for the first time.

As of April 17, bonds making up 31 percent of the value of the Bloomberg Eurozone Sovereign Bond Index – €1.8 trillion ($1.93 trillion) worth – were trading with negative yields.

How do you want to run your society?

“Although dollar interest rates are higher, JPMorgan Chase’s balance sheet utilization fee fits the pattern: In today’s low-rate world, the only way it can shed deposits in response to new regulations is to go all the way to less than zero,” said Coy.

What’s the bottom line? Coy and others believe that there is at least some effort to completely devalue paper currency and make all money “virtual”, which can then be controlled by the government through its control over the financial sector – remember the Dodd-Frank financial “reform” measure of 2010?

“The anonymity of paper money is liberating,” Stephen Cecchetti, a professor at Brandeis International Business School and former economic adviser to the Bank for International Settlements in Basel, Switzerland, told Coy. “The bottom line is, you have to decide how you want to run your society.”

Most Americans likely believe our founders have already solved the problem of “how we want to run our society.” It is supposed to begin and end with individual liberty, and nowhere is that more evident than in the freedom to live free (or as free as possible) from government control.

The federal government already regulates virtually every aspect of our lives; regulating our money is the final step toward complete control.

Learn more:

The Controlled Demolition of Our World

May 1, 2015 by John Little –

The Elites see the handwriting on the wall. Disaster approaches for our civilization, and they wish to shape that disaster to maximize their own wealth and power. They also wish to hide the fact that this disaster stems from their own actions.They will accomplish this by creating the right kind of environment that will lead to the right kind of people – who will gather and do what comes naturally to them. The ensuing violence will distract the nation and compel them to accept the wholesale theft of their rights, freedoms and what little wealth that remains. It will be a controlled demolition of our world.

The Controlled Demolition of Our World

Buildings fall. Countries and civilizations fall. Everything made by man will eventually topple over and collapse. But, let’s stick with buildings for a moment.

Controlled Demolition

If the structural integrity of a building crumbles to the point where it verges on collapse, you sometimes need to help it along a bit – especially for big buildings. You do not want the collapse of such a building to harm other buildings around it.
A sufficiently large building requires something that many of us have seen on video, but rarely in person: controlled demolition

A controlled demolition usually means that explosives are placed at, or around, key structural points to cause a building or structure to fall in on itself. Such an implosion never happens naturally.
Here’s an example of how buildings fall naturally, from the recent earthquake in Nepal:

Nepal earthquake building collapse !!!!!

That’s what happens when you allow nature to bring down a building for you. Because the building fell naturally, it fell unevenly and damaged the buildings around it.
Here are two examples of a controlled demolition:

WTC7 controlled demolition, side-by-side video

In the above video, both buildings were brought down via ‘controlled demolition’. Both buildings were brought down because they wanted to take away something old, to make way for something new. The one on the right was brought down legally to make way for a new, better building. The one on the left was brought down illegally to make way for a New World Order.

The 9/11 Controlled Demolition Of America

You need to have your head examined if you who think that burning carpet brought down WTC building 7. Seriously, folks. There is just no way. Now, one of the reasons why we can say that it was a controlled demolition is due to how precisely WTC 7 fell. It fell at the speed of gravity, straight into its basement with minimal structural damage to the buildings around it. All three buildings were brought down – along with the missile attack on the Pentagon – as part of a controlled demolition of America. Freedom and the Rule of Law died in America, on September 11th, 2001. And, this controlled demolition made sure that the cancerous corruption of Washington D.C. had room to grow. And, for the last 14 years, corruption has outgrown the lies and facades that hid it from the view of the average person. But……people have started to notice that there’s something wrong.

The NWO Elites Respond

This leaves the Elites with two choices:

2 Choices: Legislation Redestribuing Wealth Or Revolution Distributing Poverty
2 Choices Zerohedge Article
They don’t like those choices. So, they have chosen a third, one that they have chosen before. It will be yet another controlled demolition that will lead us to yet another war. I’m sure that they will try harder to make this one look more natural. How will they accomplish this?

How They Respond

Well, we have some clues. The border between the United States and Mexico was dissolved. They then encouraged a flood of South and Central Americans to flood across what was once ‘The Border’. Mixed in with this flood were people leaving behind copies of the Quran and Islamic prayer rugs. Now, we hear reports of an ISIS base, just a few miles across the nonexistent border, in Mexico – just as Jade Helm 15 is about to kick off. How utterly convenient. But, let me turn from our violent future to talk about why this violence is being staged in the first place.

The Reason – Financial Collapse

Remember that the most overwhelming reason for Jade Helm 15 and the manufactured threats that we face is just this:

Financial Collapse

It is no longer possible for the Elites to keep kicking the can down the road. It is no longer possible to keep squeezing the population. The corruption in America has become too much, for too long. And, if they let financial system collapse naturally, the Elites will suffer a dramatic loss of wealth and power.
Evidence of Financial Collapse

If you want to see the most recent evidence of our coming financial collapse, look at these articles:
What will happen when the dollar collapses?

Updating the Markets – The Key is the Corruption That Will Make the Turn

Dollar Vigilante Warns of September 2015 Crash: “There Are a Lot of Things Going On… a Lot of Crazy Things”

Greece “Scrambles”To Make Full Monthly Pension Payments: “Still Missing Several Hundred Million Euros”

Preparing for Global Currency Reset | McAlvany Weekly Commentary

The Fractal Nature of Capital Flows – Government Running Wild

The Rest Of The Story Here