ZeroHedge is the NaturalNews of economic blogging. They have predicted 200 of the last 1 recessions.
The HSBC cash restriction is about pressure from the government after HSBC was busted blatantly money-laundering for drug cartels. The restriction does not apply to non-cash transactions. Despite scaremongering from foolish people. On 25 January 2014 20:04, Daniel Pocock <[email protected]> wrote: > > This bit of news has been getting around: > > http://www.zerohedge.com/news/2014-01-24/bank-run-fears-continue-hsbc-restricts-large-cash-withdrawals > > I don't think it is about a bank run, more likely it is about trying to > get everybody using electronic means of payment to feed more information > back to big data. > > I was really shocked on my last visit to a student bar in London, all > the 18 year olds paying for each beer with their card. It seems that > younger people are growing into these habits without even thinking about > it but the bank in question couldn't wait for older generations to die > off and wants to force them into using plastic as well. > > _______________________________________________ > Discussion mailing list > [email protected] > https://mail.fsfeurope.org/mailman/listinfo/discussion _______________________________________________ Discussion mailing list [email protected] https://mail.fsfeurope.org/mailman/listinfo/discussion
