Learn How To Work
Directly With Jeff


Enter Your Details For
Free Info By Email

Name:
Email:
Ready To Join?
Loading..
Or call 888-864-6983 to order
your application by phone.
(Mon-Fri, 10 am - 11 pm EST)
Got Questions?
Call Me Directly...

(1) (909) 957-4969 (US / CA)

Send Jeff an Email

Schedule Of Events
Come Meet Jeff Live!


July 9-11

No Excuses Summit (Trainer)
Las Vegas, NV (The Venetian)

July 11-15
Wealth Masters International
M3 Private Wealth Group
Montego Bay, Jamaica (Ritz Carlton)

August 25-26
CarbonCopyPro Offices
10 For 10 Intensive (Trainer)
New York City, NY

My Facebook Page

Jeff Laura Learner

My Twitter Feed - Click 'FOLLOW' to Follow Me

Who Else Is On This Site?

Yes!!!  Send me my "How To Be Self Employed & Rich"
7-Day E-mail Boot Camp and show me how to make $5K /wk online.
First Name:
Email:
Phone Number (Optional):
 

« The Year That Changed It All | Main | Vegas Baby, Vegas »
Saturday
Nov142009

Cutting To The "Chase" About Our Financial System

I was talking to a friend earlier this week who is the CEO of a direct sales company.  In preparation for an upcoming event he needed to pull $50,000 in cash out of his company's bank account, to be awarded as cash prizes at the event.  His company banks at Chase (the largest bank in the world, mind you).

Long story short, he went in on a Tuesday to request the cash.  He was leaving town that Friday.

After some hemming and hawing the manager told him he wasn't sure he'd be able to get that much cash together.  "Well call another branch" responded my friend.  So the manager did...

And the manager supposedly spent his entire afternoon that day calling other branches in one of the 5 largest metro areas in the U.S.

Still... nobody had enough cash on hand nor could they get it.

More specific events ensued but the point of the story is that 3 days later (and well after the 48 hour requested notice period) the Chase branch was still strugging to get the cash.

So to summarize, the largest bank in the world can't aggregate enough cash for a $50,000 cash withdrawal on 72 hours notice in one the biggest cities in the U.S.

Tell me our financial system isn't totally hosed.

Feels like it's time to buy gold and plan a one-way trip to Costa Rica! 

EmailEmail Article to Friend

Reader Comments (1)

I've heard similar stories, but that is the worst!

YES! Buy gold, get another passport.

Trust in God and yourself and don't rely on a job or government.

Costa Rica sounds good to me too.

Hope to meet you in Vegas.

November 18, 2009 | Unregistered CommenterDavid Singhiser

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>