Capital Control from Chase Bank?

From Alex Jones Infowars | October 17 2013

                             

Small and corporate accounts of Chase are receiving letters that limit cash withdrawals and wire transfers beginning November 17, 2013.  Alex Jones fear the start of capital control and the start of Cyprus type of govt gouging/raiding personal accounts

But a Forbes article 2 days ago says that Chase merely wants to manage risks better and to encourage upgrade to a much higher balance account.  The fears of depositors are unfounded they say.

However shall we relate this to Chase sale of its NYC tower for $725 million Chinese conglomerate Fosun for $725 million  Is Chase having liquidity problems

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Prof Jorge Saguinsin

PROMOTING ENTREPRENEURALISM

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From Moneynews - keys to Dow Jones 25,000

Forbes to Moneynews: Stable Dollar, Flat Tax Are Keys to Dow 25,000

The key to having Dow Jones hitting 25,000 are flat tax and stable dollar.  However, that would not happen because the dollar's value is being tainted by too much liquidity from Fed through its QE (printing money or pouring liquidity into the system)  This is according to former Presidential candidate Steve Forbes.

Wealth building from Forbes

Ad Majorem.....Wealth Builders

From Forbes Wealth builder | published in 2008

In USA, almost 10 million individuals have networth of one million or more, and  half million have networth of $l0 million.

How do you become wealthy:

l.  Start early and have income that exceeds your expenses so that you can have something to invest;

2.  The formula of hard work, thrift (frugality) and entrepreneurship of Horatio Algiers work.

3  Let the power of compounding do the rest for your money.  At 12% per annum, your money doubles every 6 years (the rule of 72 for compounding)

4.  Next comes the preservation of wealth and getting off the hand of tax man from your wealth.  Learn about:

       l.  Free donation every year to your heirs;

       2.  The power of foundation to free from donors/donees tax, and estate tax.

      3.  The very little tax you pay on stock transactions at bourses (vs capital gains tax on ordinary transactions)

      4.  Tax exempt govt bonds and security.

Learn more about Wealth Building

3.