@@aimmethod the confiscation already happened at the time of the deposit. It ceased to be YOUR money then. They then have a debt to you which they may or may not eventually pay back using what is legally THEIR money. I don't like it any more than you do, but that's what the fine print says these days.
The Royal Bank of Canada closed my bank account a few years ago. Still not sure why and they didn't provide me a reason...because there wasn't one. I wasn't living in Canada at the time and I didn't want to go back to reopen it. Not sure what my balance was exactly and they wouldn't tell me. It wasn't much...just enough so I could use the account to put my inheritance. In the end I had a cheque sent to me in Egypt with my inheritance through HSBC. In the 1980's my family lost millions when the Continental Bank of Canada went out of business just before my father was about to move his money to the Royal Bank of Canada. After 10 years in court we never got our money back. Needless to say I don't leave more money than absolutely necessary in any bank one bank.
@markrangers1423Tide is not a licensed bank, they are an e-money provider like PayPal - would you have a house sale routed through PayPal? No, obviously. The money isn't protected in an e-money account, you would lose it all if Tide went out of business.
Not easy to switch banks here in Australia either. All banks are going along the same path. Some senators here are trying to push for community banks in some post offices to keep cash alive, but so far they are not too successful.
@markrangers1423 Tide is not a bank, it does not have a banking license and deposits are not FSCS protected. A fully licensed bank offers automatic high balance protection for a million pounds for up to six months, it would be reckless in the extreme to send a house payment to a non-regulated entity like Tide. This is why your payment was flagged because it's unusual behaviour to send such a huge payment through an unregulated e-money service provider.
Thanks for the heads up. It is a real issue. I’m not a US citizen, have bank accounts in 4 countries, yet have been “de-banked “ 4 times. It is a horrible feeling. I was always able to open other accounts in those countries, but it was a mad scramble to do it. I expect it will happen again as banks get more pressure from regulatory agencies.
Stay well clear of Australian banks, froze my account and now only save in physical Gold and Silver. Australia is where money, freedom, families, intelligence, religious faith and Enterprenaurial Capitalism goes to die.
@@dayamitrasaraswati6276keep purchases of precious metals small, large purchases are tracked I think over 1000 or so from memory which is nothing. In the Aussie constitution they’re allowed to confiscate gold in a national emergency. Buy in small amounts even tho it’s less cost effective. Or start scrapping copper
According to the International Bill of Exchange, ALL BANKS ARE Security Exchange Agencies. Executors and Esquire's have Privilege. IRS and the Treasury IRS are separate entities.
It's government regulations that banks must deal with. My brokerage advisor told me that if I have too many overseas transactions, they have reporting they need to do, and there are tax implications that they must deal with. VPN's help it look like everything you do is happening in the US.😁 Open a couple of accounts overseas as a backup plan.
Tried using my US credit cards to make a purchase from my residence country overseas and the US bank rejected the purchase. Pulled out my credit card from my overseas account and there was no problem. Looking to open a couple more accounts with different banks overseas.
I took your advice, a few years ago Andrew and I have a few bank accounts which handles my banking infrastructure. I am glad that you mentioned the personal service side (i.e. they know me and they know my family). I have opened a bank account, in a small regional bank in a rural county, in a town with a population of 500, here in Texas. I felt so comfortable with them, I also have a safe deposit box in that same bank 🗃️ To be upfront and honest, “they treat me the best”. What I’ve learned is that the bank has its bureaucracy and when it comes to the BIG BANKS, their bureaucracies are process oriented and not results oriented. Regardless of the results of their actions, they still have a job at the end of the day. Just think of them as the “wet nurses” from Atlas Shrugged 😆
All depositors are 'protected' (but we can close your account at anytime). You know? There we go again! Another reason to diversify. And in the end, the banks are giving us the reason to do it. That makes a lot of sense. Because diversifying helps them right?
One thing I learned about banks or credit cards is tell them you will be traveling before hand. I’m also a person that doesn’t pay rent so having a P.O. Box as an address is a no no. lol.
@@delaslight it raises red flags that you might be a drug dealer or something. i think its an excuse to force people into the banking system among other things (ie: control)
You don't need millions, just get you assets moved outside of the US where they are treated best. I've opened accounts between $10 - $100 with no problem.
milions on which paper currency? Remmeber all your digits are only paper or electronic .... except you exchange it to real money.... and go outside of the system. Talk to soviet block survivors .... like Polish or Czechs.... The same future is ahead of western nations thay simple do not realize the danger yet.
I continue to show the quality of my dedication to the banks and the small fringe wealthy minority that they serve with the amount of gold or silver I can hold. In a world where you own nothing and are happy, any form of private property that has no liability will be deemed priceless and unobtainable.
i heard there was this one bank that works world wide and they dont care about what you do with your money, my grand son told me about it, i think its called The Beet Coin bank or something, he said they dont have accounts for dollars but they have their own unit of accounting which usually gets more expensive
Your grandson is correct. You can now also buy etf in beet coin, All the big bankers are buying it too, must be good. There was a US governmental white paper a few years ago talking about how to implement cbdc. A bit of nudging in the correct direction was suggested. Voila, beet coin is born only months later. Futures so bright😎
thank you, I took your advise and is moving from canada to Dubai thank you for telling us rich people to go somewhere else. I wasn't sure but now what you said is true
My bank in Greece. Big one. Was very aggressive and wanted to close my account there on the spot if I did not produce my tax returns. I told them it was none of their business. So they said they would stop all transactions. I threatened them with a law suit and was about to walk out, when they said they would give me several more months. To produce a government paper where I lived officially and my tax returns,
I've heard that foreign banks often will not allow usa citizens to have a bank account because it's such a headache for some type of reporting to the us gov. Anyone have this problem?
The US does force additional reporting on many foreign banks. My foreign bank had to request some documents/info from the IRS before allowing me to open an account. It was a real headache.
Depends upon the country and the bank. The banks that allow US citizens to open accounts also do not care what the US thinks or wants since it is none of the US's business. Personal experience.
CONSIDERING THAT USA / Canada/ Australia/ New Zeleand and some few countries in Europe (but too small not as much opportunities) are the best countries for making money and opportunities would you suggest to keep 1 of those citizenship if you are still on the rise? Or any other option? Im mostly talking as growing money as worker mostly compared to other economies worldwide not business wise because business wise doesn’t really matter I think because everywhere could be good depending what you are doing
The danger in saying "The banks have too much power" is that someone will respond "Give someone more power to control the banks". Your solution of "go where you are treated best" is the right answer.
the best is to close the account . Your money in the bank are not yours anyway so no point to trust this silly model. In case of liquidity problem all banks will collse. Did you know that there is a EU directive according to which headquarter fro Holland can drain for egazample Polish own branch in case of liquidity problem.... and Polish account owner has no rights to complain that his own money was trqnsfered to headquarter of his bank. Police will do nothing because it is EU regulation law....
@@ilsevanheerden4976 bank Pekao SA is proper name. because of this EU directive Polish Regulator Gov - KNF ( national financial komission regulator) lost the validation or any resitance to stop in case of trying to drain bank accounts by headquarters of any bank having branches in Poland and having the liqidity problems in case of y turmoil. In other words all EU members has the same Banking Directive rules.... keep that in mind. Read the book I give you,pdf is free and you will be shocked reizing level of sophistication of this demonic plan... I bet you will close account by your self after realizing what you are dealing with.... open your eyes.... you wellcome. 🙂
As for Asia, DBS and OSBC they are #1 and #2 also globally. US, JP Morgan Chase but being a US bank, you are better off trusting a rattlesnake. Cannot say regarding the EU or Oceania.
Wise kept me running around, asking multiple times for ID, where I live etc etc.I was able to open an account with Revolut, but for some reason they won't let me transfer money to revolut. I cannot recommend them at all.
So let's CANCEL banking. Earn crypto, borrow crypto, pay taxes in crypto, buy stuff with crypto. Banks have been the privileged middlemen for centuries but technology has obsoleted them.
Land, Food, Gold and Silver bars, grow your own food, raise you own animals, own guns. If possible, own a helicopter and a jet. Have multiple pieces of land all over. LOL there are so many ways to prepare for anything. If the entire world melts down money wont mean jack sh*t.
WHEN WILL PEOPLE GET IT???? For most routine banking services, CREDIT UNIONS PROVIDE SUPERIOR SERVICE AND MORE ATTRACTIVE RATES-Huge banks like Wells Fargo and B of A have long histories of screwing their customers. It's difficult to understand their continued appeal-perhaps it's the fantasy that somehow the size of huge banks somehow benefits their retail customers, when, in fact, it threatens them.
Yes, the teeth of a saw is the American hamster-wheel. You get paid (balance increase) then you pay your mortgage, car note, & insurance (balance decrease). ^^^^^^^
The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.
Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.
I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.
To refer to your ING creditcard. The dutch government threatened the board of directors of ING with PERSONAL CRIMINAL PROSECUTION because of lack of oversight. They became so scared they cancel your account for minor risks. you pose a minor risk :"bye bye" better lose a customer then be personally criminal prosecuted , the board of directors think. Insane
buy some crypto in cash, place it at offline wallet ( tresor or other) and prepare your self to reset... you yave 2-24 months ... I love Mr Romel quote; at war is not matter who is right.... it is mater who is left :-)
Screw that keep your money in your house. Turn it into golden silver if you have too much Having a resonant visa is the best thing you could ever have in any country.
Diversify & build your community. Banks close/freeze your account if they think you're doing nefarious things and it's highly political. Political donations, exercising 2nd amendment rights, protesting against the government can be flagged. Also, "go where you're treated well" is kinda too passive. How about: "go where you can make yourself thrive"?
I am wondering...If my country installs mandatory conscription to fight the great ukraine 20 years wars and I look for a more friendly country, will my bank freeze my assets on behalf of the conscription requirement?
![[UA] Eternal Fire проти NAVI | EPL Season 20 Malta](http://i.ytimg.com/vi/chvlsDygrZM/mqdefault.jpg)
Closing our accounts & not giving us our money = THEFT.
AKA GOVERNMENT!!!
The great empire is dying.
Is it theft if you gave your money to them voluntarily?
@@MrHarumakiSensei
Voluntarily given to hold it for us, NOT to confiscate from us.
@@aimmethod the confiscation already happened at the time of the deposit. It ceased to be YOUR money then. They then have a debt to you which they may or may not eventually pay back using what is legally THEIR money.
I don't like it any more than you do, but that's what the fine print says these days.
The Royal Bank of Canada closed my bank account a few years ago. Still not sure why and they didn't provide me a reason...because there wasn't one. I wasn't living in Canada at the time and I didn't want to go back to reopen it. Not sure what my balance was exactly and they wouldn't tell me. It wasn't much...just enough so I could use the account to put my inheritance. In the end I had a cheque sent to me in Egypt with my inheritance through HSBC. In the 1980's my family lost millions when the Continental Bank of Canada went out of business just before my father was about to move his money to the Royal Bank of Canada. After 10 years in court we never got our money back. Needless to say I don't leave more money than absolutely necessary in any bank one bank.
I don't recommend HSBC though but it got the job done. In Egypt I like the Barakah bank (a Bahrain bank) and secondly the Islamic Bank of Abu Dhabi.
That's the real problem. Not that they can close it, but that they don't need to tell you why.
Exactly
Just the question my husband and I were discussing yesterday. Here in the UK it's all too easy! Thank you for raising this topic.
@markrangers1423Tide is not a licensed bank, they are an e-money provider like PayPal - would you have a house sale routed through PayPal? No, obviously. The money isn't protected in an e-money account, you would lose it all if Tide went out of business.
Not easy to switch banks here in Australia either. All banks are going along the same path. Some senators here are trying to push for community banks in some post offices to keep cash alive, but so far they are not too successful.
@markrangers1423 Tide is not a bank, it does not have a banking license and deposits are not FSCS protected. A fully licensed bank offers automatic high balance protection for a million pounds for up to six months, it would be reckless in the extreme to send a house payment to a non-regulated entity like Tide. This is why your payment was flagged because it's unusual behaviour to send such a huge payment through an unregulated e-money service provider.
@markrangers1423 that is because Tide is not a bank.
@markrangers1423 that was very reckless to use that non-bank provider.
Thanks for the heads up. It is a real issue. I’m not a US citizen, have bank accounts in 4 countries, yet have been “de-banked “ 4 times. It is a horrible feeling. I was always able to open other accounts in those countries, but it was a mad scramble to do it. I expect it will happen again as banks get more pressure from regulatory agencies.
Stay well clear of Australian banks, froze my account and now only save in physical Gold and Silver. Australia is where money, freedom, families, intelligence, religious faith and Enterprenaurial Capitalism goes to die.
But according to the mouth-breathing bogans, Australia is the greatest nation on the planet.
Australia is definitely becoming a prison. I have also been stacking gold and silver just in case. No faith in any of our systems any more.
Australia, Canada, UK, NZ, Ireland, USA...all in a race to see gets full authoritarianism first.
@@dayamitrasaraswati6276keep purchases of precious metals small, large purchases are tracked I think over 1000 or so from memory which is nothing.
In the Aussie constitution they’re allowed to confiscate gold in a national emergency.
Buy in small amounts even tho it’s less cost effective.
Or start scrapping copper
I notice there are monthly charges for lots of bank accounts.
I would never have my money in a large bank. At least for now, I use member owned credit unions.
According to the International Bill of Exchange, ALL BANKS ARE Security Exchange Agencies.
Executors and Esquire's have Privilege.
IRS and the Treasury IRS are separate entities.
Thank God I live in Canada, where the government wouldn't dream about just randomly seizing bank accounts.
Oh. Wait........
It's government regulations that banks must deal with. My brokerage advisor told me that if I have too many overseas transactions, they have reporting they need to do, and there are tax implications that they must deal with.
VPN's help it look like everything you do is happening in the US.😁
Open a couple of accounts overseas as a backup plan.
Many people opening Nationwide Accounts in the UK now as they are keeping Branches open
Tried using my US credit cards to make a purchase from my residence country overseas and the US bank rejected the purchase. Pulled out my credit card from my overseas account and there was no problem. Looking to open a couple more accounts with different banks overseas.
We should keep only debt in those banks ... I doubt that they would close the account 😂
This happened with my wife and I. With HSBC of all banks !! Will never go back to them the way we were treated. 🤨
Buy everything with cash.
They want to eliminate cash
I buy with cash. I also buy gold and silver as banks try to do away with cash.
You can’t make a big purchases with cash due to AML laws.
I took your advice, a few years ago Andrew and I have a few bank accounts which handles my banking infrastructure.
I am glad that you mentioned the personal service side (i.e. they know me and they know my family). I have opened a bank account, in a small regional bank in a rural county, in a town with a population of 500, here in Texas. I felt so comfortable with them, I also have a safe deposit box in that same bank 🗃️
To be upfront and honest, “they treat me the best”.
What I’ve learned is that the bank has its bureaucracy and when it comes to the BIG BANKS, their bureaucracies are process oriented and not results oriented. Regardless of the results of their actions, they still have a job at the end of the day. Just think of them as the “wet nurses” from Atlas Shrugged 😆
All depositors are 'protected' (but we can close your account at anytime). You know? There we go again! Another reason to diversify. And in the end, the banks are giving us the reason to do it. That makes a lot of sense. Because diversifying helps them right?
One thing I learned about banks or credit cards is tell them you will be traveling before hand. I’m also a person that doesn’t pay rent so having a P.O. Box as an address is a no no. lol.
So it's a privilege... But you can be arrested for having more than 10 grand worth of cash.
@@delaslight because when you're a criminal organization like the Government, you see everyone else as criminals too ;)
@@delaslight it raises red flags that you might be a drug dealer or something. i think its an excuse to force people into the banking system among other things (ie: control)
Can someone tell me why?
Suddenly that mattress and putting your money under your bed starting and look better
What are people without Millions suppose to do to protect themselves?
Print some !!! seems to work.
You don't need millions, just get you assets moved outside of the US where they are treated best. I've opened accounts between $10 - $100 with no problem.
milions on which paper currency? Remmeber all your digits are only paper or electronic .... except you exchange it to real money.... and go outside of the system. Talk to soviet block survivors .... like Polish or Czechs....
The same future is ahead of western nations thay simple do not realize the danger yet.
make millions
Bitcoin. Self storage
Thank you.
Any business you cannot physically visit has no fear of repercussions. Same with politicians.
I continue to show the quality of my dedication to the banks and the small fringe wealthy minority that they serve with the amount of gold or silver I can hold. In a world where you own nothing and are happy, any form of private property that has no liability will be deemed priceless and unobtainable.
Bank in the isle of man has just thrown my accounts out. I'm New Zealand based.
Thanks for sharing 😊
I would think teeth of a saw means that approx. the same amount of money comes in and leaves the account every month.
i heard there was this one bank that works world wide and they dont care about what you do with your money, my grand son told me about it, i think its called The Beet Coin bank or something, he said they dont have accounts for dollars but they have their own unit of accounting which usually gets more expensive
Your grandson is correct.
You can now also buy etf in beet coin,
All the big bankers are buying it too, must be good.
There was a US governmental white paper a few years ago talking about how to implement cbdc.
A bit of nudging in the correct direction was suggested.
Voila, beet coin is born only months later.
Futures so bright😎
Live in KL is booked out.. i might still go there and Singapore anyway on the way to Thailand..
thank you, I took your advise and is moving from canada to Dubai thank you for telling us rich people to go somewhere else. I wasn't sure but now what you said is true
Well said Andrew!
I agree
"go where you are treated best", isn't that 6 words , not 5 ?
Keep cash on hand , if they wanna close accounts tell them 🖕
Cash is king anywhere in the world !!👍👍🤘🤘
Completly wrong, cash have no traceability @@xcaret-ns3pb
I've never felt comfortable putting my money in a bank.
I do it so I can pay bills.But I would not want to put a large amount of money if I had it
My bank in Greece. Big one. Was very aggressive and wanted to close my account there on the spot if I did not produce my tax returns. I told them it was none of their business. So they said they would stop all transactions. I threatened them with a law suit and was about to walk out, when they said they would give me several more months. To produce a government paper where I lived officially and my tax returns,
we need consumer protections. we need 'safe' banking.
EU citizens have a legal right for a basic bank account
Ha...ha...ha... Of course...or folks might come to imagine building their own banking system...god forbid.
at their place of residence afaik
well, i simple give up that right.... over 2 years ago. I never regret that decision. Why should I?
Although ING are currently trying closing many accounts.
BAC transferred all my assets away because they said I was not active, wrong I was using my internet access several times a year, a total scandal
they are attacking those who aren't being sheep/slaves in the "get a job" world
Everyone in North America seems to be freaking out over normal banking activities these days 😊😅
Ignorance is bliss right? 😂
Normal?? How ignorant are you??
Ok undercover banking representative
The taxpayer bailed those guys out. They don't have the right to turn down services
I've heard that foreign banks often will not allow usa citizens to have a bank account because it's such a headache for some type of reporting to the us gov. Anyone have this problem?
I am not American but the reporting is based on FATCA. Google it and learn. 👍🏻
The US does force additional reporting on many foreign banks. My foreign bank had to request some documents/info from the IRS before allowing me to open an account. It was a real headache.
some type of reporting = FATCA and yes, it is a problem
Depends upon the country and the bank. The banks that allow US citizens to open accounts also do not care what the US thinks or wants since it is none of the US's business. Personal experience.
@@Ron-zr6seWhere?
US Bank shut down my business account. 😠 But Nigel farage???
CONSIDERING THAT USA / Canada/ Australia/ New Zeleand and some few countries in Europe (but too small not as much opportunities) are the best countries for making money and opportunities would you suggest to keep 1 of those citizenship if you are still on the rise? Or any other option? Im mostly talking as growing money as worker mostly compared to other economies worldwide not business wise because business wise doesn’t really matter I think because everywhere could be good depending what you are doing
Yes. His advice is for people with a lot of money already
The danger in saying "The banks have too much power" is that someone will respond "Give someone more power to control the banks". Your solution of "go where you are treated best" is the right answer.
Is canada done?
Remember credit unions are the better option 99 percent of the time.
Could say that you will be in a certain place for such and such time.
Stacking my Sats and XRP 😁
the best is to close the account . Your money in the bank are not yours anyway so no point to trust this silly model. In case of liquidity problem all banks will collse.
Did you know that there is a EU directive according to which headquarter fro Holland can drain for egazample Polish own branch in case of liquidity problem.... and Polish account owner has no rights to complain that his own money was trqnsfered to headquarter of his bank.
Police will do nothing because it is EU regulation law....
Can you post a link to this information or tell me where to find it?
@@ilsevanheerden4976 bank Pekao SA is proper name. because of this EU directive Polish Regulator Gov - KNF ( national financial komission regulator) lost the validation or any resitance to stop in case of trying to drain bank accounts by headquarters of any bank having branches in Poland and having the liqidity problems in case of y turmoil. In other words all EU members has the same Banking Directive rules.... keep that in mind. Read the book I give you,pdf is free and you will be shocked reizing level of sophistication of this demonic plan... I bet you will close account by your self after realizing what you are dealing with.... open your eyes.... you wellcome. 🙂
@@ilsevanheerden4976 david Webb search for pdf writen by him.... i attach links and they disapear
Social Score.
What about using Islamic banks.
They are overall the best when it comes to consumer protection. Im thinking about opening a Malaysian bankz
De-dollarize yourselves
De-americanize yourselves
De-DIGITALIZE yourselves.
De-GLOBALIZE yourselves
Swiss banks are the best in the world 🙏🏻🇨🇭
I will never trust this guys, never.
Could making a nomad-focused online-only bank be an interesting idea?
I love this channel
🥰
Long, long overdue topic.
Singapore, what's that ! haha.
So let’s say what’s one of the best in America one in Europe and one in Asia / Oceania -
trustworthy?
As for Asia, DBS and OSBC they are #1 and #2 also globally. US, JP Morgan Chase but being a US bank, you are better off trusting a rattlesnake. Cannot say regarding the EU or Oceania.
@@Ron-zr6se Europe has so many banks but probably mostly backed up but few main ones, America considering also south?
It’s not only US banks but also European banks are closing accounts
What do you think of fintech companies like Wise or Revolut?
Heard a nightmare story bout Wise doing the same thing 🤚
Terrible, as there isn't even a physical branch to get your money out if they decide to cancel you / go bust.
Wise kept me running around, asking multiple times for ID, where I live etc etc.I was able to open an account with Revolut, but for some reason they won't let me transfer money to revolut. I cannot recommend them at all.
yall need to work with beginners, like small businesses
How's Microsoft tech support BTW
😂
@@abdulhai768 what?
So let's CANCEL banking. Earn crypto, borrow crypto, pay taxes in crypto, buy stuff with crypto. Banks have been the privileged middlemen for centuries but technology has obsoleted them.
If revenue services can't give you cash as a refund than having an account is a right
Land, Food, Gold and Silver bars, grow your own food, raise you own animals, own guns. If possible, own a helicopter and a jet. Have multiple pieces of land all over. LOL there are so many ways to prepare for anything. If the entire world melts down money wont mean jack sh*t.
You are right. When and not If the economic money systems collapse, They will impose martial law.
Watcha gonna do against weaponized drones? They're coming for the masses.
JPMorgan Chase Paying $100,000,000 Fine, Issues Rare Admission of Guilt in Settlement With US Financial Regulator.
Chase is horrible 😣
when bit coin is capital I'm the richest parson one earth tulip
Just be your own bank. Buy gold, assets, crypto, stablecoins, much better than relying on one or a few banks who don't even have all your money
everything has it season who fall from now is everyone's choice wake up people get involved
BTC
Farage has all the solutions without any of the detail.
Bitcoin
CBDCs is the solution for overpowered banks.
Happened to me with n26, 50k frozen, no talk, no access to account disappeared for 8 month, daily mailing etc
@thebitcoincashpodcast
Beware of any person or entity trying to earn your trust. Trust is only needed for abuse later.
WHEN WILL PEOPLE GET IT???? For most routine banking services, CREDIT UNIONS PROVIDE SUPERIOR SERVICE AND MORE ATTRACTIVE RATES-Huge banks like Wells Fargo and B of A have long histories of screwing their customers. It's difficult to understand their continued appeal-perhaps it's the fantasy that somehow the size of huge banks somehow benefits their retail customers, when, in fact, it threatens them.
The only thing about Credit Unions is that their charter does not allow them to transfer funds in and out of the US.
With a big bank it just seems that they are too big to fail if the economy falls apart
Yes, the teeth of a saw is the American hamster-wheel. You get paid (balance increase) then you pay your mortgage, car note, & insurance (balance decrease). ^^^^^^^
It not only banks that close accounts both Fidelity and Schwab have closed my account because I am A US citizen and a resident of the Philippines.
Commonwealth Bank in Australia froze my accounts for buying Bitcoin.
There terrified of crypto because then no one will need them. They know what's coming there just trying to keep there share as long as they can.
The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.
What about the Fed lending program for banks that was said to ease financial tensions after the domino effect from Signature and Silicon Valley bank?
Yeah, that sufficed, but what really helped the economy was rising immigration that helped even out the mismatch between open jobs and people looking for work.
I agree. Rising productivity is manna for central banks, allowing faster growth without inflation because each hour of work yields more goods and services at the same cost.
I’m indifferent. All I really do care about is what assets and securities will drive the Santa Rally? It is upon us, folks.
To refer to your ING creditcard. The dutch government threatened the board of directors of ING with PERSONAL CRIMINAL PROSECUTION because of lack of oversight. They became so scared they cancel your account for minor risks. you pose a minor risk :"bye bye"
better lose a customer then be personally criminal prosecuted , the board of directors think. Insane
Ing closed my account for no reason. Was a customer of theirs for almost a decade at that point. Insanity.
Great video thank you.
Who runs and owns these banks? Am I being antisemitic?
rehearsal for a bank run?
I’ve been using my capital one cc in Colombia with no issues so far. 2 years now
the "teeth of a saw" is a reference to a graph of ones bank balance over time
A problem in the UK too
What banks in the Philippines are friendly to non-residents?
buy some crypto in cash, place it at offline wallet ( tresor or other) and prepare your self to reset... you yave 2-24 months ...
I love Mr Romel quote; at war is not matter who is right.... it is mater who is left :-)
Screw that keep your money in your house. Turn it into golden silver if you have too much
Having a resonant visa is the best thing you could ever have in any country.
How to avoid having your accounts shit down? Simple: obey.
Nice HERMES towel
every one noes it flower till it stinks
Well this is madness
Mexico 🇲🇽
Diversify & build your community. Banks close/freeze your account if they think you're doing nefarious things and it's highly political. Political donations, exercising 2nd amendment rights, protesting against the government can be flagged. Also, "go where you're treated well" is kinda too passive. How about: "go where you can make yourself thrive"?
I just received a letter stating I have to prove my business credit card is valid due to money laundering. I have had this credit card for 20 years.
I am wondering...If my country installs mandatory conscription to fight the great ukraine 20 years wars and I look for a more friendly country, will my bank freeze my assets on behalf of the conscription requirement?
Move your money out of that bank to a bank in the country you are residing in, problem solved.
If you get the digital ID, I'm saying yes, otherwise transfer some money outside your home country
Yeah, if you're of age, may be time to go on vacation. ;)
I have had mine closed so many times.
Self custody soon???
Access to banking is not a privilege, it is a right. Don't let the scum tell you otherwise. Buy Bitcoin.
lol no