EUROPE & BANKS
This situation is imposed by an increasingly challenging regulatory environment in the EU. Banks apologize to customers around the world for the inconveniences this cause for businesses and private citizens while they claim to be working towards alternative solutions.
Due to these pure evil EU regulatory restrictions imposed on businesses and the people working in them through payment providers such as MasterCard, VISA, Cirrus and others, All of these types of cards with addresses registered outside of the Single Euro Payments Area (SEPA region) will be closed on October 31st, 2018.
Example: You are from Germany, work and live in Canada, your European bank services will decrease.
Example: You are a Senior Citizen from Denmark living in the Bahamas, your bank cards will soon stop working.
Example: You are a Student from Netherland living in the USA, Say goodbye to your Debit or Credit cards from home.
Example: You Come from Prague, travelling the world for 3 years - You need to go back home because your access to liquidity will be taken away from you.
From tens to hundreds of million international cardholders have from today until October 31st 2018 to deplete any remaining balance on their cards via ATM withdrawal, online purchase, or in-store purchase (POS).
People who are unable to clear your balance by October 31st 2018, the banks will move your funds back to your bank account during 7-14 business days, due to expected much higher than normal transaction volume.
Banks are of course looking for new card programs to activate, as they too are losing on this, which they have anticipated will be happening within a 60-90 day period - Imagine 90 days without access to liquidity?
Europe Closed for Business?
What do I think?
I believe a more and more desperate EU trying everything they can to prevent a mass exodus of capital escaping the failed union.
Businesses, as well as upstanding European citizens, want security and decency and started flagging out of EU/SEPA when the immigration crisis became a reality.
Last year the EU Regulations took down pure payment processors from normal operations in the same way (see AdvCash), and this year they have come for the customers of the Banks.
The European Union has been falling apart for a while with one state after another leaving the union - but it is only the last two years and especially this year we are witnessing the pure desperation of trying to control the ebb and flow of capital. What will be next? Curfew at 6 pm? Travel limits? Military protection of bank buildings? Make emigration illegal?
It time for cryptocurrencies to takeover. the monetary system and government is really failing
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Time will tell, but something is coming for sure...
This free online book demonstrates how it is highly likely that the EU was both formed and designed in part by an unprosecuted nazi german war criminal who went on to sign the Rome treaty. This explains partially how the design of the EU is non democratic (setting aside the reality that democracy itself is little more than the majority abusing the minority):
http://www.relay-of-life.org/en/2016/10/the-nazi-roots-of-the-brussels-eu/
This image might be more suitable than the communism image I posted earlier. However, both fascism & communism ultimately lead to collectivism, they just take you there by different paths. So, I think both the communism and fascism images of the EU flag are appropriate in highlighting the tyranny of the EU and its role in maintaining the status quo i.e. insulating the current corporate and political elites from challenge.
Let's not also forget the USA corporation:
Violence and war does not solve problems of the heart and mind - it simply makes them change form.
To listen to the audio version of this article click on the play image.
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@fyrstikken
It's sad that backpackers, senior citizen and half-broke international students, displaced migrants, global nomads etc, get to suffer from these regulation... I think they are after the "bigger fish" so to speak...
/FF
Time will show. They have dug their own grave. Nobody will stay in limbo for 90 days, businesses, private citizens are using the SEPA/BIC systems right now to move all their liquid assets out of Europe along with themselves. Europe is left to itself and the incompetent leaders who are no longer getting a hint of what to do next. We will see.
Hmm... So where are you proposing this wave of E.U.-emigrants will settle, it's not like the rest of the world is such a fantastic place right now?
I guess the US and Canada could be interesting, but still they have their problems too... New Zealand? Dubai? Japan?
/FF
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The restrictions and regulations are very strict not great for anyone
EU is a clever attempt to take over of all european souvereign nations by diplomacy. The nations in europe as we know them today will be only of historic interest, any resistance will be punished on external courts run by the mega corporations and bankers.
