Topic: HSBC imposes restrictions on large cash withdrawals (Read 2208 times)

Profit is the only language they listen to. IF you want them to listen all you've got to do is take your money from them and therefore their power. Banks are only powerful because we give them all their money.

That's banks for you. They don't care about their customers until there's a backlash and the threat of them losing some money.

From their online statement:


Then, reported:


Biggest case of hypocrisy I've ever seen.

Seems HSBC have apologised after a backlash: https://www.newsroom.hsbc.co.uk/articles/statement_on_large_cash_withdr lol.

Agreed. In answer to that question, it's simply because they're who they are. They just protect each other, the government and the banks. You're right in what you say about them having these powers because we give it, but without any proper leadership, revolution won't happen.

They won't have everything they need if benefits are getting cut continually and other sanctions are being imposed. Even those who work can find it hard to survive when the rate or living is rising and the minimum wage isn't. Look at the London Riots that happened a couple of years ago. They brought the city of London to its knees and it spread like wildfire across the country. Imagine what we could do with peaceful protests or if people actually rioted for the right reasons - spending money on needless wars, selling off state-owned business for peanuts and bankers ruining the economy etc. Why is it that HSBC bankers laundered drug money and nobody went to prison, but if you nicked a packet of rice in the riots you got sent down for it? Where's the justice?What would happen if we as a people stopped paying their wages? They only have power because we give it to them willingly.

Sorry, same story, different link: http://metro.co.uk/2013/09/25/taxpayers-foot-legal-bill-as-osborne-takes-on-europe-over-bankers-bonuses-4113431/

You're exactly right about the power being gifted, rather than awarded.

Regarding the food thing, not everyone is that privelaged. We have a massive difference in social classes in terms of opportunity and wealth.

You are probably right about this being more of a revolution for intellectuals, but we're always reading here about how our MPs have been claiming back stupid expenses from our tax money (like getting their moat cleaned).

I'm venting of course, but it's worth looking into further. I don't think the UK will revolt any further than these protests we're seeing, mainly due to the reasons you identified. Every-day people don't care because they have what they need. They are essentially paid-off and made ignorant by the people running the country so they can fly under the radar and live it up on tax-payers money.

They're defending each other (MPs and banks etc.) for the same reason I would defend those that I owed favors to.

These type of people are where revolutions usually start. And they should care. There's only so much shit people should take before they stand/rise up. And it's the people that hold the power, not governments, just most people don't realise it, but if they did there would be trouble for the powers that be.

That particular link required a registration of sorts. If you could paste the full text to pastebin or something, that would be of help. Anyway, I've read about the UK. It's a society with big social differences, and the important positions are nearly all handed out to people who've been handed life on a silver plate, born into rich powerful families and then going to exclusive private schools. It seems like a lot of those people are completely detached from real life.

But the problem is, how do you get people to revolt when they do have food on their table and a roof above their head? Isn't this a revolution for intellectuals, for those who understand monetary policies and the banking system?

I mean, how much do the avg. joe know about inflation, and the inner workings of the financial system? And do he care at all?

This is a big reason that a lot of people in the UK are calling for revolution. Their are loads of protests that take place because of it. We might not be opressed physically or have it as bad as other countries, but our government is as corrupt as hell. Two of our main leaders went to court to DEFEND the banks for paying such big bonuses!

http://www.ft.com/cms/s/0/0f54735a-25f6-11e3-8ef6-00144feab7de.html

Yes, I'm perfectly aware of that. The fine and punishment should've been much bigger.. But in reality the politicians were writing stern letters over and over, until finally everybody agreed to exchange some money to make it all history.

It's all hand waiving and a play for the audience. The fact is that the ones with the money controls the world.

Exactly. That's the problem in having a leaderless revolution (not bitcoin, just in general). People won't know what's best for them until someone tells them in most cases.

What makes that figure laughable is that I think that's only a few days money to them.

Hahaha - funniest meme I've seen in a very long time!

HSBC really are some characters.

First they cooperate with Latin American drug cartels to launder money, and get fined $1.9 billion dollars.

Then they all of a sudden restrict withdrawal of cash for ordinary customers, because they want to 'combat' money laundering. And not only that, they want to ask you what you're going to use the money for. How on earth is that the banks business?

Spread this information everywhere, and please stop using that bank if you can. Money is the only language such criminal organizations understand, so remove it from them and they will listen.

But the bad thing is that people are blind sheep, so they will dumbly continue to use their HSBC accounts, and accept whatever restrictions the bank decides.

It's so funny - trying to restrict money laundering and crime by restricting the flow of paper money. Like crime will stop to exist if all payments were digital... Dream on.

And this is symptomatic of society and the world of today, we're constantly treating the symptoms and not the root cause. The root cause is people turning into criminals, and that can often be followed back to a bad upbringing, bad environment etc.

If a kid has loving parents, learns proper values, gets support and opportunities in life, the chance of that kid turning into a criminal is very low. That's how we'd change the world, to change society and the values that are important.

Trying to stop financial and other crime by imposing restrictions to prevent money laundering, is like trying to prevent water from flowing out of your bath tub by using your hand blocking the open drain.

This world knows no end to all the mind-blowing silliness that exist. If there are aliens, they must really laugh their asses of observing our foolish ways.

And the most perfect thing of it all. Complain to a desk clerk at HSBC about the money laundering charges and their involvement with the narcs cartels, I'm pretty sure you will only get a dumbfounded blank stare in return. Tell the clerk you're going to shut down your account and only use bitcoin, and he might as well call security on you because then you're for certain up to absolutely no good!!!

Haha. I know you we're joking and that's the funniest thing I ever heard. Imagine if that was true.

 guys be gentle. Obviously they wanna make sure you use your money in the right way and not wasting it. They care about you and that's why thry are keeping your money:p

Very true. People are losing faith in the banks. That's where Bitcoin will prevail and make us all millionaires. It will be because of the scheming banks that we become rich I tells ya! 

When do banks ever get good press? They pretty much ruined the economy and we had to foot the bill.

Good press for Bitcoin and bad press for banks must be good for our lovely little alt-coin! 

Haha, yeah me too!