The many banks have been consolidating branches for years. The ROI in banking is not there with the competitive interest rates where they exist and the service fees which I never subscribe to. Who here thinks banks should pay operating costs, maintain facitlities and personnel, no fees and operate at a loss? It used to be a solid bank building was a substantially run operation. I think the bank failures are a result of DEI stupidity which is the culmination of the dumbing down of America.
So if we are against digital currency, and I am vehemently, why is everyone scrambling to actually promote it with cryptos? I sincerely believe cryptos will be the end gamr of the financial system and good luck if you miss your seat when the music stops. Then of course the fed will simply come in and take over. They are working hard at that right now with far more resources than any of us even as a group have. DARPA for one.
If Elon Musk can cut 90% of the X suits and still function - fund managers wiil cut 90% as well... but they'll be scurrying-about preparing to flee to foreign hideouts before anyone is chasing them.
Huntington is the worst. You go in there hand them your cash or check and they do not use deposit slips. "Just give me your name and I will take care of it." My response: "I would like to speak with the manager please." How can I help you? Me: "Well sir the first thing you can do is give me the names of the asstards that came up with your business model that has no place fro me to manage my account without the involvement of a chatty low level dimwit." I apologize if I offend but you can contact the idiots in executiva management if you have the hair and tell them I am closing all three of my accounts for your horrible business model.
What is a "small regional bank?" Unlike many of you I do not have the ability to "stack" precious metals. There have been cases where the federales have raided private storage facilities confiscating everything claiming to sort out drug activity when 90% at the facility at least were simply everyday people storing hrd assests.
Where does one store cash? I will never bandon cash entirely and I am not stuffing mattresses, burying it in the yard or putting it in a safe which is the first place hit in a robbery.
Cash deposits are insured by the FDIC for up to $250,000 per individual, $500k per married couple nd increases with trust accounts $250,000 per beneficiary.
Question G.M. what do think about portfolio managers like schwab,fidelity, are they in danger or are they too big too fail . Keep up the good fight sir
There is no way to completely remove yourself from the banking system. Paychecks must be deposited. Most if not all employers use direct deposit. Transactions to pay bills etc.must be performed. No matter how I play it, if my bank fails on a payday weekend, I can lose about 3k. Not a lot for you high rollers out there but, it will hurt me. I pay the bills and whats left is removed in cash or allocated for commodities. If this bank failure goes down like you say, I think the country will be in an unrecoverable situation.
I agree. If the banks all fail the country is done. FDIC insures your deposits to $250k so unless you have more than that you will be ok. I think shunning cash and the banks, for the very exact and true reasons stated by you, will play right into the hand of those trying to take over everything and force digital currency. I have not figured out how to pay my utility bills with silver eagles yet.
The power companies will shut down like in the 1930s. No one could pay their bills.
The FDIC will fold also. Besides, they only pay 10% per year for ten years.
The government will outlaw the use of metals in all the Marxist run states. TN passed a law saying silver and gold are money. States ain't giving up their power to the likes of the Biden regime.
I have been stacking gold and silver since 2021 like you advised, screw the market and can't wait for the final crash. How is Florida treating you? thanks
hi - i had an issue w my card due to a crazy gas pump - just an annoyance - then the bank rep kept pushing their credit card - i asked for the APR - she said 30%!!!!!!!! i asked how do poor people pay off that balance? She said they don't and they don't care - they just get another card!!!!!!!
Hey Greg……question, homes in my area are up for sale and are being sold….so yes, there are home loans being issued….can you elaborate if you may be incorrect in your assessment of no deals and no loans……please explain
I just use the local casino as my bank of late. Especially when it gets full or prior to a big one. But stick to those limits. Watch out for the Hawkeyes.
My bank is in a remodeling stage and fenced off. The ATM is still working and they are running operations out of a mobile home temporarily on site. Which bank do you think they are remodeling for?
I am my own bank, fully reserved with silver, gold, and lead
I prefer a steel core with my lead, copper and brass investments
I have 2 bank branches near my house in Michigan, Citizens bank and Comerica bank and both branches within the last month have closed.
Just the beginning IMO.
The many banks have been consolidating branches for years. The ROI in banking is not there with the competitive interest rates where they exist and the service fees which I never subscribe to. Who here thinks banks should pay operating costs, maintain facitlities and personnel, no fees and operate at a loss? It used to be a solid bank building was a substantially run operation. I think the bank failures are a result of DEI stupidity which is the culmination of the dumbing down of America.
So if we are against digital currency, and I am vehemently, why is everyone scrambling to actually promote it with cryptos? I sincerely believe cryptos will be the end gamr of the financial system and good luck if you miss your seat when the music stops. Then of course the fed will simply come in and take over. They are working hard at that right now with far more resources than any of us even as a group have. DARPA for one.
If Elon Musk can cut 90% of the X suits and still function - fund managers wiil cut 90% as well... but they'll be scurrying-about preparing to flee to foreign hideouts before anyone is chasing them.
Huntington is the worst. You go in there hand them your cash or check and they do not use deposit slips. "Just give me your name and I will take care of it." My response: "I would like to speak with the manager please." How can I help you? Me: "Well sir the first thing you can do is give me the names of the asstards that came up with your business model that has no place fro me to manage my account without the involvement of a chatty low level dimwit." I apologize if I offend but you can contact the idiots in executiva management if you have the hair and tell them I am closing all three of my accounts for your horrible business model.
What is a "small regional bank?" Unlike many of you I do not have the ability to "stack" precious metals. There have been cases where the federales have raided private storage facilities confiscating everything claiming to sort out drug activity when 90% at the facility at least were simply everyday people storing hrd assests.
Where does one store cash? I will never bandon cash entirely and I am not stuffing mattresses, burying it in the yard or putting it in a safe which is the first place hit in a robbery.
Cash deposits are insured by the FDIC for up to $250,000 per individual, $500k per married couple nd increases with trust accounts $250,000 per beneficiary.
So where do you stash your cash??
Now if we told you exactly where... we would be exposing ourselves to risk. The MMRI would go up even more.
Question G.M. what do think about portfolio managers like schwab,fidelity, are they in danger or are they too big too fail . Keep up the good fight sir
Here I also expect consolidation. I would be willing to bet that more brokerages will be bought out by others.
There is no way to completely remove yourself from the banking system. Paychecks must be deposited. Most if not all employers use direct deposit. Transactions to pay bills etc.must be performed. No matter how I play it, if my bank fails on a payday weekend, I can lose about 3k. Not a lot for you high rollers out there but, it will hurt me. I pay the bills and whats left is removed in cash or allocated for commodities. If this bank failure goes down like you say, I think the country will be in an unrecoverable situation.
I agree. If the banks all fail the country is done. FDIC insures your deposits to $250k so unless you have more than that you will be ok. I think shunning cash and the banks, for the very exact and true reasons stated by you, will play right into the hand of those trying to take over everything and force digital currency. I have not figured out how to pay my utility bills with silver eagles yet.
The power companies will shut down like in the 1930s. No one could pay their bills.
The FDIC will fold also. Besides, they only pay 10% per year for ten years.
The government will outlaw the use of metals in all the Marxist run states. TN passed a law saying silver and gold are money. States ain't giving up their power to the likes of the Biden regime.
WHERE CAN I FIND A LIST OF THE 63 BANKS FACING INSOLVENCY.
YUP!
Australia West Bank is closing all branches and ATMs by the end of the year to go all digital.
The largest COMEX gold delivery EVER of 2.14 MILLION ounces happened on May 30th.
https://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsMTDReport.pdf
Something's up.
If the time comes where people need to live off their PM’s, how do you see that cash out happening? For digital? A check you can’t cash? Trade?
Why do the banking Eft's keep rising?
Same reason the stock market is rising, no connection to reality... something I have covered for years.
I have been stacking gold and silver since 2021 like you advised, screw the market and can't wait for the final crash. How is Florida treating you? thanks
hi - i had an issue w my card due to a crazy gas pump - just an annoyance - then the bank rep kept pushing their credit card - i asked for the APR - she said 30%!!!!!!!! i asked how do poor people pay off that balance? She said they don't and they don't care - they just get another card!!!!!!!
20% of CRE loans fall due for refinancing this month. Please take the necessary action to protect yourselves from the fall out
Closest WF is 12 miles away....
Hey Greg……question, homes in my area are up for sale and are being sold….so yes, there are home loans being issued….can you elaborate if you may be incorrect in your assessment of no deals and no loans……please explain
Only STUPID people are buying cars and homes NOW.
I just use the local casino as my bank of late. Especially when it gets full or prior to a big one. But stick to those limits. Watch out for the Hawkeyes.
My bank is in a remodeling stage and fenced off. The ATM is still working and they are running operations out of a mobile home temporarily on site. Which bank do you think they are remodeling for?