Chase Manhattan Bank

In March 1985 when Chase Manhattan Bank led a string of banks to the South African Reserve Bank and demanded their money back, the economic pressure on South Africa intensified dramatically. Some speculate that Chase’s move was what really pulled the rug out from under the Afrikaner government.

Threats of disinvestment were loud and insistent then and companies from Kodak, to Mobil and Barclays bank started to withdraw from South Africa.

Today the same bank, responsible for the rape and looting of South Africa, Chase Bank, has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States.

Numerous business customers with Chase BusinessSelect Checking and Chase BusinessClassic accounts have received letters over the past week informing them that cash activity (both deposits and withdrawals) will be limited to a $50,000 total per statement cycle from November 17 onwards.

The letter reads;

Dear Business Customer,

Starting November 17, 2013:

– You will no longer be able to send international wire transfers. You will still be able to send domestic wires and receive both domestic and international wires. We’ll cancel any international wire transfers, including reccurring ones, you scheduled to be sent after this date.

– Your cash activity limit for these accounts(s) will be $50,000 per statement cycle, per account. Cash activity is the combined total of cash deposits made at branches, night drops and ATMs and cash withdrawals made at branches (including purchases of money orders) and ATMs.

These changes will help us more effectively manage the risks involved with these types of transactions.

Another letter received by Peak to Peak Charter School, a college in Colorado, states that the option to send both international and domestic wire transfers has been withdrawn from Chase business savings account holders.

Other Chase business customers confirmed they had also received similar or identical letters.

“I’m a Chase customer with both of the type accounts mentioned and got the letter posted,” wrote one.

“I have been a loyal customer of Chase for 11 years and I received the letter for my business and when I called about this I was told basically piss off and find another bank!” added another.

Chase is obviously very keen to make it hard for their customers to have any kind of control over their savings and is trying to prevent them from sending dollars abroad, prompting concerns that Cyprus-style account gouging could occur in America.

The move to limit deposits and withdrawals while banning international wire transfers altogether is a bizarre policy and will cripple many small and medium-sized businesses with Chase accounts. Buying stock from abroad in any kind of quantity will now become impossible for many companies, while paying employees will also be a headache.

Why has Chase announced such a ludicrous and restrictive policy change and is it related to the potential for a US debt default?

Speculation is rife that the bank is preparing for some kind of economic crisis by “locking down” its customers’ money. Although most still expect a deal to be struck to prevent a US debt default, its impact would “shake financial markets to a degree not seen since the Great Depression,” according to experts.

Others fear the move to restrict international wire transfers is part of a plan to protect against a near-future collapse of the US dollar.

Whatever the truth behind the policy change, Chase really needs to publicly explain its reasoning in order to quell the speculation.

The bank’s reputation was already under scrutiny after an incident earlier this year where Chase Bank customers across the country attempted to withdraw cash from ATMs only to see that their account balance had been reduced to zero. The problem, which Chase attributed to a technical glitch, lasted for hours before it was fixed, prompting panic from some customers.

Earlier this month it was also reported that two of the biggest banks in America were stuffing their ATMs with 20-30 per cent more cash than usual in order to head off a potential bank run if the US defaults on its debt. – praag/prisonplanet.com

by Albert Brenner

The bewildered herd must be governed by a specialized class whose interests reach beyond the locality. (Walther Lippmann)

Knowledge is power… and power is money. In order to make big money, you need big money.

The first big fund to invest in Naspers was Comerica Foreign Equity. This fund is run by World Asset Management, the investment arm of HSBC. This bank has its main (private) office on Tortola, the largest of the British Virgin Islands.

And guess where Naspers’s investment arm, MIH Holdings Limited, is located? Yes, in the exact same street of this tax-haven of the (mostly) British elite. Just think about the above every time you pay a small fortune to watch M-Net, SuperSport, DSTV, et cetera.

Now, HSBC is the world’s 3rd largest bank with $2.36 trillion in assets. Formerly known as Hong Kong Shanghai Bank Corporation, HSBC is one of the most unscrupulous banks ever. It has been the cash cow of the British elite since its inception as a repository for British Crown opium proceeds accrued during the Chinese Opium Wars.

Armed with a royal charter, Lord Shelbourne started the Chinese opium trade in 1783 with merchants from the East India Company. Shelbourne’s main spin-doctor was Adam Smith. The latter worked for the East India Company, which was formed from the slave-trading Levant Company and later became known as Chatham House. The latter is home to the Royal Institute for International Affairs (RIIA), the second most influential think tank in the world.

The RIIA was founded in 1920. Its American sister institute, the Council on Foreign Relations (CFR), was founded one year later. Walther Lippmann, the Pulitzer-Prize essayist, journalist and mass-media genius was one of the founding members of the CFR. But more about him later. Needless to say, these two organizations, the RIIA and CFR, work hand in hand.

Now, the CFR is run by some of the best brains in America. They are truly exceptional people. They basically run the State Department, the CIA and are connected to nearly everybody that matters in the business and academia in America, and globally.

The CIA operates under the cover of various organizations when it comes to furthering America’s strategic and economic interests. The Ford Foundation is one of the main fronts of the CIA (i.e. the CFR).

In June 1985, this foundation hosted the first ever meeting between the ANC and the Broederbond (i.e. the NP).

The conference took place in Glen Cove, Long Island on June 1st. The main players were Professor JP De Lange (Head of the Broederbond) and ANC officials, Thabo Mbeki, Mac Maharaj and Seretse Choadi.

This meeting did not produce the results the CFR were hoping for. So they summoned the (economic) artillery, David Rockefeller.

Along with being a CFR director for 46 years, David Rockefeller served as chairman of the board from 1970-85 and was the organization’s honorary chairman till 2001. During this time, he was also chairman of Chase Manhattan Bank.

On 31st July 1985, Chase Manhattan decided not to roll over South Africa’s debt. Apparently Pik Botha’s traitor heart nearly stopped beating: “I will never forget the night of July 31 when [Minister of Finance] Barend du Plessis phoned me … [He said]: ‘Pik, I must tell you that the country is facing inevitable bankruptcy … The process has started.'” (source).

The rest is history.

So what has this got to do with Naspers? Well, it just shows that Naspers is just another appendage of interest groups beyond the borders of South Africa. In other words, it does not serve the interests of South Africans. But then, neither do other media giants in South Africa.

Caxton/CTP’s chairman in the early 1990s was Van Zyl Slabbert, who also became the chairman of the Johannesburg Stock Exchange. Slabbert was the useful idiot of CFR member George Soros. The latter, through his Open Society Foundation, sponsored Slabbert and super-useful idiot Max Du Preez… especially with his anti-Afrikaner Vrye Weekblad newspaper.

So, every time you hear about the Davos Afrikaner called Koos Bekker, the big boss of the 33rd largest media company in the world called Naspers (worth R344 billion or $34,88 billion) just know that he is just another witting puppet on an Anglo-American string.

He is just like those rich Boer farmers who became hensoppers during the Anglo-Boer War… selling out their own people purely for profit. Nothing more, nothing less.

Meaning that the “Who is Naspers?” question is not really that interesting. The really interesting question is the “why” behind Naspers.

Answering this question will take us through the wonderful worlds of Baudrillard (e.g. see my article Mandela’s Empire), Noam Chomsky’s Manufacturing Consent: The Political Economy of the Mass Media, the Washington Consensus, Bretton Woods, Walther Lippmann’s Public Opinion… all the way back to Edmund Husserl`s phenomenology (e.g. see my article Why Mandela).

It is a fact that people can only make sense of Reality through “ideal meanings”. Those ideal “pictures in your head” prevent you, more often than not, to “… come to judgment by critical thinking” (Walther Lippmann).

Journalism is “intelligence work” and journalists are a link between policymakers and the public, according to Lippmann.

Meaning that journalists (and the media companies that employ them, e.g. Naspers) always sanitize the Truth at the behest of their pay-masters…

(to be continued)

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Chase Bank limits cash withdrawals

Who is Naspers?