reSee.it - Related Post Feed
@Vltra_MK - Michael Rae Khoury
KEEPING IT SIMPLE: If there are no physical locations available to the public = there is no way to get your money out in a time of economic crisis (Soon) Creditors do not care about your problems — only their bottom line. The central banks going insolvent won’t either.
@Vltra_MK - Michael Rae Khoury
List of bank branches that will close this fall: Wells Fargo, Santander, BoA "Many national bank chains are closing down branches across the country as consumer habits shift to banking online." Don't let them fool you. They're at the end of their rope! https://en.as.com/latest_news/list-of-banks-that-will-close-this-fall-wells-fargo-santander-bank-of-america-n-3/
@Prolotario1 - Ariel
The only banks having this issue are those financial institutions that are not Basel 3 Compliant. https://www.dailymail.co.uk/yourmoney/article-12707935/bank-direct-deposit-issues.html
@Prolotario1 - Ariel
You have people on here that really think I be playing with them. I have been saying for months to check if your bank is Basel 3. Now look what is happening. They can no access their funds. Why? Because they refused to do what I asked. They are just waiting for me to be wrong about something. To prideful. Salute to everyone that did their research.
@Prolotario1 - Ariel
Tomorrow I will list some nefarious reasons why banks avoid Basel 3 Compliance. Hint- Higher Intrest & Lower Cost (For Them)
@SantaSurfing - Santa Surfing
Citizen Bank Collapsed! 🔥🔥 Let’s goooo!!! 🔥🔥 @amc4everyone @BossBlunts1 https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/citizensbank.html
@Prolotario1 - Ariel
Basel vs Banks: The Line In The Sand What is the basis of Base 3? To instill monetary discipline. To invoke checks & Balances. Supervision with ample reserves in banks. New funding requirements will inadvertently cause banks maintain certain profit margins accounted for through what is in their reserves as opposed to figures on a computer screen where they get to lend out money they have and not what they can inflate at their volition like they did with the Sub-Prime Mortgage Crisis in 2007-2010. The subprime mortgage crisis of 2007-10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices. Historically, potential homebuyers found it difficult to obtain mortgages if they had below average credit histories, provided small down payments or sought high-payment loans. Unless protected by government insurance, lenders often denied such mortgage requests. While some high-risk families could obtain small-sized mortgages backed by the Federal Housing Administration (FHA), others, facing limited credit options, rented. In that era, homeownership fluctuated around 65%, mortgage foreclosure rates were low, and home construction and house prices mainly reflected swings in mortgage interest rates and income. So why would banks avoid implementing Basel 3? To Increase Profits: Basel 3 requires banks to hold more capital, which can reduce their profits. Some banks may be willing to risk their solvency in order to increase their profits in the short term. Which goes back to the monetary prudence required in order to become compliant. They will not be able to lend at artifical rates that eat away at home values for the clients seeking out loans or mortgage they can not afford. Which would take away the incentive for banks to lend out to the benefit of them but to the detriment of the customers. Which is why the banks implemented the fail-safe policy "The Dodd Frank Act". Many do not know what this is. This was created for banks to continue lending out money they do not actually have by using customer deposits as collateral just in case another housing crisis arrived they could legally confiscate deposits without telling the client to save their own arse. Why do you think banks are now having to close their doors while customers bang on it outside complaining as to why they can not access their money? Why do you think banks act as if they have no idea what Basel 3 is even though most of the banks that have FDIC were all given memos ahead of time as to what Basel 3 is and why they need to meet these new policies by preparing their institutions by a certain date? To Avoid Regulatory Scrutiny: Basel 3 is a complex set of regulations, and complying with them can be costly and time-consuming. Some banks may be willing to take the risk of being fined or sanctioned by regulators in order to avoid the hassle and expense of compliance. Regulatory scrutiny is the oversight of banks and other financial institutions by government agencies. The goal of regulatory scrutiny is to ensure that banks are operating safely and soundly and that they are complying with all applicable laws and regulations. Banks avoid regulatory scrutiny for a number of reasons. Some of the most common reasons include. • Cost: Regulatory compliance can be costly for banks. They need to hire staff to manage their compliance programs and they need to invest in systems and technology to help them comply with regulations. • Complexity: The regulatory landscape is complex and ever-changing. Banks need to have a deep understanding of all applicable laws and regulations in order to avoid scrutiny. • Reputation: Banks do not want to be seen as being non-compliant with regulations. This could damage their reputation and make it more difficult to attract customers and investors. • Fear of Punishment: Banks that are found to be non-compliant with regulations can face a variety of punishments, including fines, penalties, and even criminal charges. This is the reason they are not willing to disclose that they are not Basel 3 for clients who may be well versed as to the negative status banks are currently in who did not employ this new banking rule. People will realize their money is not safe in those banks. Then they will potentially pull their money out. And as they do not those banks who have the Dodd Frank Act in place will not be able to rely on customer deposits to offset the financial loss if another housing crisis was to happen. Guess what? Our political leaders in Washington DC like Maxine Waters knew exactly what these banks were doing. Why do you think her district was in such squalor? In some cases, banks may avoid regulatory scrutiny because they are engaged in risky or illegal activities. For example, a bank might try to avoid scrutiny if it is lending money to borrowers with poor credit or if it is investing in risky assets. It is important to note that not all regulatory scrutiny is bad. In fact, regulatory scrutiny can help to protect consumers and investors. However, banks do have a legitimate interest in avoiding unnecessary regulatory scrutiny. Here are some ways banks do this. Which is a fraction of the many loop holes they exploit. • Structuring Transactions: Banks can structure transactions in a way that makes them appear less suspicious to regulators. Example, a bank might break up a large transaction into multiple smaller transactions in order to avoid reporting requirements. • Using Shell Companies: Banks can use shell companies to hide their ownership of assets or their involvement in transactions. This can make it more difficult for regulators to track their activities. • Operating in Offshore jurisdictions: Banks can operate in offshore jurisdictions that have lax financial regulations. This can make it more difficult for regulators to oversee their activities. Do you all see how these banks operate solely to benefit themselves? Do you see why so many banks are closing their branches? Do you see why people get the thousand yard stare when they ask if banks are Basel 3? Do you now see why it is important to inquire about this rule to protect your own money? This is why the US Central Banks were assisting in suppressing the gold prices. This way they can keep confidence in the fiat dollar high. Which ofcourse helps them to maintain the ponzi scheme. The gold market is manipulated (held down) through the use of paper gold trading (naked shorts). Why do they do this? Because you can not print gold. Banks can not create gold. Banks can not confiscate gold. Think about it. When we are officially under the gold standard. The Federal Reserve is prevented from creating money out of thin air. Meaning if they are sitting on 500 million in gold reserves. They would only be able to print 500 million dollars. Not 600, 700, or 800. Why? Because they would have to account for where the extra 300 million came from. Understand? This is why paper money was created. People not wanting to walk around with gold bars were able to use paper for everyday purchases to lighten the load physical gold created. It acted as a constituent. Not as a replacement for gold or silver.
@Prolotario1 - Ariel
Banks lose FDIC coverage if they are not Basel 3 compliant because Basel 3 is a set of international banking regulations that are designed to improve the financial stability of the banking system. FDIC insurance is designed to protect depositors from losses if a bank fails. However, the FDIC does not have the resources to insure depositors at banks that are not Basel 3 compliant. So everyone who think this is their saving grace against bank failure need to think this through. If the banks lose their insurance due to non compliance what makes you think you will not lose yours if it is in an institution that is in the negative? Especially when these are banks that are under the Dodd Frank Act that make it legal for banks to take your money just in case they fail.
@Prolotario1 - Ariel
Banks that are Basel 3 & ISO-20022 Compliant are all racing to go live with the new rules prior to November 20th. Which is parallel to the government shutdown. A coincidence? 😎
@Prolotario1 - Ariel
You all have to understand JP Morgan accounts for 50% of the ISO traffic. This means they are dragging the rest of the banks to this deadline of November 17th. https://x.com/Rohitku24694375/status/1697555006571139232?s=20
@BitcoinGustavo - Bitcoin Gus ⚡️
Today I was unbanked without notice by a large national bank after a 40+ year banking relationship that started way back when I was a freshman in college. My family’s 7 accounts including kids’ college debit accounts, cards they use daily are terminated. Why? Attempting to wire funds to a #bitcoin only company. They said the risk to the bank is too great to have customers exposed to #crypto. I tried to explain #bitcoin is not #crypto as if that was going to matter. The only way I can get my money is to wait for checks to be mailed in 2 weeks or so. #unbanked November 17, 2023! My badge of honor. Once I get the money, I will reveal the bank 🏦 name! We are just entering the now they fight you phase!!
@Prolotario1 - Ariel
Basel 3? ❌ ISO-20022? ❌ Dodd Frank Act? ✅ As stated multiple times I told you all this would happen. Banks are closing down so why not go out with a bang by confiscating customer deposits for your own personal business? What can they do when it's legal? https://t.co/2spNFOj9Lm
@Prolotario1 - Ariel
A. Mortgage Backed Securities❓️ B. Trillions In Derivatives❓️ C. Non-Compliance To Basel 3❓️ D. Low Capitol Reserve❓️ E. No More Reverse Repos❓️ All of the above❓️
@TheInsiderPaper - Insider Paper
ALERT - UK's Metro Bank is down leaving thousands of customers without access to their accounts – online services and mobile app not working - reports https://t.co/BgxknQgsvv
@WeAreWoke1776_3 - We Have It All
Banking fookery. Learn. https://t.co/oIyOJRkAQq
@Prolotario1 - Ariel
🪫In The Red: Off To Greener Pastures- Well you all know what this means. Kiss it goodbye. 😚 👋 😢 -We told you it was not ISO-20022 Compliant. -We told you it was created by the government. -We told you it was used for human trafficking. We told you everything.
@Prolotario1 - Ariel
The Death of Brick & Mortar Banks A paradigm shift is not an event its a process. Everything will eventually be online for the sake of convenience and profit. Why continue lending to institutions that people are using less and less? Nor to mention they do not have the capital to meet consumers demands. Especially when they actually have to have physical reserves and not just numbers on the computer to lend out loans to customers that can't afford the intrest and end up owing on their mortgage. Then if the banks have too many foreclosures on their books they end up shutting down as well. The derivative market is another layer to this that is aiding in all of these bank closures that is forecasted to be 1,300 by the end of the year. Not to mention the bank runs alone will cause most of these institutions to fold under after March 11th. So there is a plethora of reasons why we are where we are at this crucial time in the financial sector. https://www.dailymail.co.uk/yourmoney/article-13160397/bank-closure-wells-fargo-bank-america-pnc.html
@WallStreetSilv - Wall Street Silver
Australia's Banks Are Already Refusing Cash Withdrawals For Their Customers: "I thought it was absolutely crazy" "How can you go to a bank and not get your own money out?" "I thought she misheard what I wanted" "What's in the bank if there's no cash?" "They just said" "I'm so sorry we can't help you" 🚨🚨🚨
@media_laina - Laina Media
CASHLESS BANKING IS HERE.... This is no longer a talking point. It's here. WATCH! https://t.co/z0CujvK0wj
@WallStreetSilv - Wall Street Silver
BREAKING: Macquarie bank goes cashless this month Bloody conspiracy theorists right again ... 🚨🚨🚨 https://t.co/GD4Sxs83Gq
@peruvian_bull - Peruvian Bull
Swiss Flowbank just declared bankruptcy! Things are getting spicy in Switzerland. ht @runews
@peruvian_bull - Peruvian Bull
@runews source: https://www.flowbank.com/
@BerwickJeff - Jeff Berwick
Anarchapulco was just debanked from its US bank right after Liberpulco! And, a few days later, Bank of America debanked me personally! We always expect things like this and always have numerous backup plans (plus crypto!) so we are fine but the debanking continues!
@BerwickJeff - Jeff Berwick
Anarchast which accepts donation with @NotGovernor was also debanked last month! They are coming after us hard!
@toobaffled - “Sudden And Unexpected”
Australia is going "Cashless". Without warning all 4 major banks started restricting cash withdrawals in various cities, making some branches "cashless". The administration took a billion dollars worth of bills out of circulation. Individuals cannot withdraw more than $500. It’s happening.
@DarioCpx - JustDario 🏊♂️
Is $BAC Risk Management team rushing to their desks on a Sunday night already? https://t.co/7L997BQl0u
@DarioCpx - JustDario 🏊♂️
It’s being documented and tracked since 2022 👇🏻 #silver $BAC https://t.co/Qh0y4R0pot
@BerwickJeff - Jeff Berwick
I just got debanked AGAIN. Most of my bank accounts all over the world have been closed including Bank of America last month. Today, Mercury shut both myself and our business (TDV) down. We still have a few options but they'll likely shut them down too. We'll soon be crypto only for pretty much everything we do. Thank God for crypto or we'd be screwed! You can't talk about the J's and say they control everything or they'll shut you out of everything because they control everything.
@BGatesIsaPyscho - Concerned Citizen
“Banks are stopping withdrawals of your money” Have you tried to withdraw over £1,000 in cash recently - you literally are required to go through an interrogation process to access you own cash. https://t.co/gC72PMcKp8
@DefiantLs - Defiant L’s
I see why they filed for bankruptcy... https://t.co/KYf1u5vqve
@WallStreetApes - Wall Street Apes
Banks in America are out of control Business owner is “livid” She went to close her business account, the bank refused. She was told in order to close her account “I had to dissolve my business and show them proof of that before they would close out my business account” “Excuse me? I came to you to open my business account. I’m the owner, I’m the only one who signs on everything. Why can't I close my business account?” This feels even worse than being interrogated every time you try and withdrawal money out of your account. This is getting ridiculous…
@NoToDigitalID - No to Digital ID
In the UK you can’t even withdraw cash from your own bank account unless they agree with the usage… See what I/we have to live with? The world is laughing. https://t.co/jigXusswtD
