I believe it was DJT himself who said "if you owe the bank $10,000, the bank controls you; if you owe the bank $10 billion, you control the bank." He used bankruptcy creatively, to add a lot of value by taking predatory lenders off the backs of his acquisitions.
Fun US history facts: Bankruptcy was a significant part of the evolution of the USA's financial laws and regulations. Georgia, one of the original 13 colonies, was largely colonized by prisoners from England's debtor prisons, and they had the strongest bankruptcy laws in the US. All that before Bush 2.0 and Congress hijacked the bankruptcy laws, anyway.
Semantics. There is a difference between hard-money lenders, sub-prime lenders, ... A whole spectrum. I didn't want to get into definitions. Some of them are good. True predators are those who loan with the intent of taking the assets of the unwise, or taking advantage of wage slavery.
Most big banks have side gigs, equity interests in other companies, doing loans outside of FDIC standards.
I have a business and can’t operate without a bank account. Of course gold silver food land some cash but some cannot walk away from the global financial system. I mean Trump’s not. He’s about to SPAC IPO on the NYSE.
I bank with a small local bank. I know the President and CFO and they are good Christian men. I’m not saying I can’t be touched but I am saying it’s the best way if you have to bank. Somewhere you can literally walk into the President’s office and look him face to face.
Yes, and that's why I'm not going to be closing accounts, but will reduce the value of them by about 95%. Enough to continue servicing things as needed, but removing it from their control.
I'm not trusting banks to act in good faith when they have zero liability if they did act in bad faith. That's about as stupid as shooting up a vaccine when the maker has no liability and trusting it to be "safe and effective".
I only keep enough across our personal and business accounts to cover bills. Everything else get diverted into land and silver. Been doing this for a few years now.
I asked Scotiabank the same thing the day Ms. Freebitch announced it. They said “Nothing has been mentioned of this by Scotiabank at this present time”.
Then move. If you truly do not Trust The System, you need to go to a place where the system is trustworthy. Sounds like you are just tooting your own horn for the sake of fitting in here. Did you really call the bank and ask if the government was going to seize your account if required? Who would even need to ask that? The answer should be obvious.
Get your money out of their system. Or don't whine when you can no longer access it. Period. There is no middle ground.
Just wondering why so many people here love to brag about how they don't trust banks or bankers but all their money is safely tucked away in a Wells Fargo account. Walk the walk my dude.
They will have no choice. They have no power to resist it. Their answer reflects they don't see it coming. Run.
If you leave your money in a bank at this point, you’ll get what you deserve.
I owe them 236$ dont plan on paying them. Kek they closed my account two months ago fuck the ((())) banks.
I believe it was DJT himself who said "if you owe the bank $10,000, the bank controls you; if you owe the bank $10 billion, you control the bank." He used bankruptcy creatively, to add a lot of value by taking predatory lenders off the backs of his acquisitions.
Fun US history facts: Bankruptcy was a significant part of the evolution of the USA's financial laws and regulations. Georgia, one of the original 13 colonies, was largely colonized by prisoners from England's debtor prisons, and they had the strongest bankruptcy laws in the US. All that before Bush 2.0 and Congress hijacked the bankruptcy laws, anyway.
"predatory lenders" -- lenders that make loans to people the big banks shun.
Semantics. There is a difference between hard-money lenders, sub-prime lenders, ... A whole spectrum. I didn't want to get into definitions. Some of them are good. True predators are those who loan with the intent of taking the assets of the unwise, or taking advantage of wage slavery.
Most big banks have side gigs, equity interests in other companies, doing loans outside of FDIC standards.
😂😂😂😂
I have a business and can’t operate without a bank account. Of course gold silver food land some cash but some cannot walk away from the global financial system. I mean Trump’s not. He’s about to SPAC IPO on the NYSE.
I bank with a small local bank. I know the President and CFO and they are good Christian men. I’m not saying I can’t be touched but I am saying it’s the best way if you have to bank. Somewhere you can literally walk into the President’s office and look him face to face.
Yes, and that's why I'm not going to be closing accounts, but will reduce the value of them by about 95%. Enough to continue servicing things as needed, but removing it from their control.
I'm not trusting banks to act in good faith when they have zero liability if they did act in bad faith. That's about as stupid as shooting up a vaccine when the maker has no liability and trusting it to be "safe and effective".
I only keep enough across our personal and business accounts to cover bills. Everything else get diverted into land and silver. Been doing this for a few years now.
The bankers RUN the "government".
4 places I shop have all recently added a sign saying 3% discount for cash.
I’m wondering if they are also tired of supporting a corrupt government.
I asked Scotiabank the same thing the day Ms. Freebitch announced it. They said “Nothing has been mentioned of this by Scotiabank at this present time”.
Good work because the banks will complain about this government overreach causing excess withdrawals or account closures - a "run" on the bank.
If you do not trust bankers why do you keep your money in banks?
Then move. If you truly do not Trust The System, you need to go to a place where the system is trustworthy. Sounds like you are just tooting your own horn for the sake of fitting in here. Did you really call the bank and ask if the government was going to seize your account if required? Who would even need to ask that? The answer should be obvious.
Get your money out of their system. Or don't whine when you can no longer access it. Period. There is no middle ground.
Just wondering why so many people here love to brag about how they don't trust banks or bankers but all their money is safely tucked away in a Wells Fargo account. Walk the walk my dude.
So then why do you give a fuck if your bank might freeze your account?