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Bank of America Accounts Frozen At $0 As Americans Panic Buy Supplies Amid WWIII, Economic Collapse
Bank of America customers on Wednesday reported having problems accessing their bank accounts or that their account balances currently show $0.
The outage started at around 12:30 p.m. E.T. on Wednesday, according to the tracking website Downdetector.
The Epoch Times' Jack Phillips reports that numerous Bank of America users have posted screenshots of empty account balances on social media. An Epoch Times staff member also reported not being able to log in to their Bank of America account.
Some users on social media stated that Bank of America had not yet alerted them to the issue. It’s not clear how many customers were impacted or when the problem will be resolved.
As union dockworkers began striking against employers at East and Gulf Coast ports early Tuesday morning, reports of panic-buying at supermarkets almost immediately started spreading across social media.
Video clips posted by social media users on X and Facebook showed people rushing to buy water, toilet paper, paper towels and other items at supermarkets and retailers across the USSA.
“Are people already panic buying because of the Port Strike? Here are the grocery shelves in the water section at my local Kroger this morning. I realize that we are probably also low on water due to the Helene aftermath in East Tennessee, but still not great to see this already,” photographer and author Denise Van Patten posted in a social media video clip on X: https://twitter.com/DeeVP/status/1841143186854400449
Micheal Coker posted on X, “Well the panic buying is in full swing in my little town in South carolina. Sam’s at 8:30 a.m., no water. Same at Walmart and grocery stores. Next will be toilet paper.”
The affected ports, represented by USMX, include three of the U.S.’s five busiest ports: the Port of New York and New Jersey, the Port of Savannah, Georgia, and Port Houston.
Matthew Shay, president and CEO of the National Retail Federation, called on the Biden administration Tuesday to step in and help end the strike. “A disruption of this scale during this pivotal moment in our nation’s economic recovery will have devastating consequences for American workers, their families and local communities,” Shay said in a news release. “After more than two years of runaway inflationary pressures and in the midst of recovery from Hurricane Helene, this strike will result in further hardship for American families.”
“The strike could have disastrous impacts on US agriculture, depending on how long it lasts,” Munch said. “The disruption to overall agricultural trade is expected to be about $1.4 billion each week that a strike is in place. When we think about what commodities are at risk, nearly 80% of waterborne exports of poultry leave East Coast ports, 56% of raw cotton, 36% of red meat, 30% of dairy products and even 6% of soybeans all go through those ports, through containerized exports. Not having an outlet to move those goods will create supply surpluses domestically and reduce prices for farmers.”
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https://www.zerohedge.com/personal-finance/bank-america-customers-report-widespread-outage
https://www.zerohedge.com/economics/panic-buying-already-spreading-dockworker-strike-gets-underway
https://www.zerohedge.com/geopolitical/get-out-stocksbuy-gold-charles-nenner-warns-imminent-end-american-empire