MORE Coin Shop Owners Bank Accounts Being CLOSED! VERY Concerning!

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Information MORE Coin Shop Owners Bank Accounts Being CLOSED! VERY Concerning!

Title	:	MORE Coin Shop Owners Bank Accounts Being CLOSED! VERY Concerning!
Lasting	:	13.21
Date of publication	:
Views	:	44 rb

ummmm, this is WHERE BITCOIN COMES INTO PLAY cut out the middleman
Comment from : GARANDMAS THUMB

Pablo escobar was smart not to keep his $ in the bank
Comment from : steven rios

Real simple, banks require permission of government to operate We need the political will to force the government to force banks not to close cash business accounts unless there is proof of impropriety They are doing this to gun shops, too The problem is we are no longer a constitutional republic with democratic ideals Maybe torches and pitch forks will persuade them
Comment from : Steven Hall

In Mexico we have a saying that I invented No Todo lo que brilla es oro Just because is metal, yellow and shiny🐣
Comment from : Ruben Barba

Probably because of the digital currency push
Comment from : Mudnuri

They don’t want you holding good and silver which has actual value, they want you holding and trading the pieces of paper have no value and their brand stamp on them, their Monopoly money
Comment from : apapz3245

It’s not a bank if it’s actually an investment firm Who said that they should tie up the clients money for their own gain and not give the account holders a return that’s a fair percentage of said investments over the standard interest? Not to mention that banks used to be able to hold enough cash and coin on hand to at least keep the local cash registers (including high volume tender) stocked If you go to a casino you will see loads of cash going around the gaming floor even after they implemented cash vouchers I’m sure we all know it’s a conspiracy to force the public to go ‘cashless’ and use traceable transactions and make way for CBDC’s brIt’s like they don’t want to get their hands dirty on treasury notes anymore We should have never allowed fiat to come about
Comment from : A Concerned Citizen

Saw this as it happened Not happy
Comment from : SLOW HARE

6:14 This USED to be true, but since March of 2020 the 10 fractional reserve requirement was officially made ZERO PERCENT Absolutely wack
Comment from : Whiteman

Wrong the banks are no longer required to hold 10
Comment from : Jerry Me

Welcome to North Korea, its not America anymore Banks are corrupt, my grand mother and parents went through the great depression, never trust the banks she said Banks are going rouge, they are simply destroying small buisnesses, and peoples lives, they want a cashless society, and after the American tax payer bailed them out in mid 2000's because of their greed and mismanagement, this is how they repay society Its not just coin shops everybody who owns a bank account is at risk, if you have concervitive views, you will be canceled, this is about control and you will own nothing and be happy
Comment from : mark chernek

The mode is slightly different, but in Britain people are having their bank accounts closed, apparently for having politically incorrect views but like it is here they don't have to give a reason
Comment from : Jackalope Wright

The firearms industry has been dealing with this for years Welcome to the club! These banks need to be named so folks can maybe elect to not do business with them
Comment from : KBOzzie59

The banks are being told to do this If the goal is cashless CBDC how would the govt prevent precious metal holders from liquidating to un trackable currency? Who is propping the banks up right now? Theres your answer
Comment from : paul marino

if no bank lets you wthdraw money, who will buy your gold?
Comment from : Bryce Ring

craziness
Comment from : JDOG

F THE BANKS
Comment from : Sexmachine305

Attack from democratic regime
Comment from : Dave and Paige

Constant cash withdrawals looks like the recipients are dodgy, and thats why I know your conspiracy is more fun for you, but its wrong
Comment from : Snotspat

Not sure if it was for the same reason but one of our own local coin dealers in Jacksonville, Arkansas has had to quit and it was a great place to go We'll miss Mc Intyres
Comment from : Tamra Lockard

Banks suck
Comment from : Radical Renegade

Modern banks don't actually operate under a fractional reserve system They don't need deposits in order to make loans They essentially print money out of thin air by lending it into existence They do have capital requirements, but those can be met in many ways For instance, they can issue stockbrbrAs far as banks closing accounts, this seems more likely at small regional banks I bought most of my bullion in a short period of time and made repeated large withdrawals of cash from a major bank I expected a hard time, but it was mostly painless They didn't ask too many questions I'm sure they were required to report it, but that's between them and the government
Comment from : Uncle Putin

My local coin dealer has no problem swapping gold for monero , and vice versa
Comment from : Blue Smoke

The bank wouldnt even know what you are buying/selling
Comment from : Steve Silver

Are you sure re the 10 in the US, I only ask as in the UK it is 0, no bull, check it out, I have, lol Talk about a Ponzi scheme, wow I took out a fair amount of fiat currency in the last few months to buy hard assets, the bank treated me like a criminal I only keep low levels in the bank now Loving your videos ☘️🇮🇪 update, I’ve just checked on the Federal Reserve Board Gov site, it states, “As announced on March 15,2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020 This action eliminated reserve requirements for all depository institutions “ As the song goes- “there may be trouble ahead” lol
Comment from : Rory

Open up accounts with Old Glory Bankthey won't jerk you around like that
Comment from : Loren Jackson

They don't want anybody holding gold and silver You are to be slaven to their fiat dollars whether you like it or not I predicted this a year ago It's easier to go after you guys than banning the holding of it outright But make no mistake; that will be next They've done it before
Comment from : Daniel Staggers

I think that they are setting you up to get robbed
Comment from : Warren Kahukura

Communism, treasonous U S Govt is doing this
Comment from : Terry Wyatt

Oooooh they need cash to do buys
Comment from : r Negoro

When you say, " If you don't hold it, you don't own it" Does this include holding your metals in a safety deposit box in the banks? What about at a secured metals depository?
Comment from : Maureen Lake

What you said is technically true, but completely missed the mark brbrSmall banks are closing the accounts of coin shops and other cash business for a good reason brbrThe IRS requires banks to report cash payments of more than $10,000 to the federal government by filing IRS/FinCEN Form 8300 brbrThe IRS also requires banks to report cash payments less than $10,000 when certain criteria (ie suspicious activity such as multiple deposits of $6000 or more) is met brbrThe regulatory burden on cash withdraws is too high And small banks do not have the requisite number of employees to stay compliant with this law brbrFrom the bank's perspective, you're costing more than your business is worth And so, they close your accountbrbrSolution: Do not vote for Democrats Vote for Republicans to repeal these laws
Comment from : AI Bot

COIN DEALERS CAN LOOK TO MARIJUANNA SHOP DEALERS TO UNDERSTAND HOW THEIR WORLD WORKS WITHOUT BANKS
Comment from : c s

It wouldn’t take everyone withdrawing their money to collapse the system All people would need to do is start cashing their paychecks instead of depositing them Wouldn’t take long, balance sheets would go toxic
Comment from : Winston Light

He needs to withdrawal all his money in cash
Comment from : sPaGskEtTi

Maybe the bank is trying to adhere to the globalist agenda, "by 2030 you will own nothing and have no accumulated wealth" etc By dealing in gold he's helping people dodge the upcoming digital dollar?
Comment from : Don P

Its risk management The government is broke and woll cease all precious metals when it hits the fan
Comment from : Muad Dib

Can coin dealers get together to form their own bank? RealCoinBank
Comment from : Clarence Hoover

This is what happens when people vote BEFORE they think - if they vote at all One party wants total control of people and their money and they get it with electronic money and an end to cash The government also wants to end money laundering but will not enact a Fair Tax (Sales Tax) which will easily do this because those same government officials and their backers want loopholes to hide their money in income tax laws
Comment from : D R

I wish you would explain whether this move by banks will ultimately destroy the liquidity of our stack(s) Without coin shops and dealers, are we left to sell only to individual strangers?
Comment from : Robert Sturgess

Tell the bank you don’t have time to set up another account so give me the cash and close the account You can take cash to a company that can issue cashiers checks to run your business
Comment from : Mike Spronz

I think it’s a way to punish businesses that deal in cash
Comment from : Christine

I see other option for him A cash only business That’s what I would do And I throw away all of the paper work that licences me Cash only and you don’t need a bank
Comment from : Nelson Da Silva

NAME THESE BANKS!!
Comment from : Bruce Go

Name the banks so we can all close our accounts and support you or don't do a video about it Banks are using ESG to close accounts on coin and gun and jewelry dealers plus are under pressure from federal government to report the tens of millions of daily transactions Next up are churches, ammo dealers, NRA members and any other conservative
Comment from : Anomaly

Smells like a class action lawsuit
Comment from : Anomaly

u hold real money They hold fiat money Dudeunderstand this simple fact BANK WILL ALWAYS HATE U Your not their friend at all Now With that in mind does what they do to coin dealers make sense now?
Comment from : Greyhawk Jones

(See Basel 3) Also you got it backwards deposits are liabilities They want their deposits off the books
Comment from : Grey Fox

I Keep getting messages from bofa on my online account page wanting to know my annual incomesaying we may want to Increase your CCard limit I ignore it The limit is 31,000 I have Never charged more than 11000, a One time purchase of new flooringWhy would they want to increase it something is fishey
Comment from : mike miller

I think you are spot on Banks are broke It’s the bank’s fault, but anybody who deals in high cash transfers are gonna get cut off
Comment from : extinctreminant

The banks have loaned out for commercial real estate office buildings and there are many of them are quite empty either 50 or 30 occupancy and the banks are afraid that the landlord will just default on the loan and give them back the building The bank doesn't know how to get rid of these things so I think any bank that closes a coin shop is probably telling you they're in financial trouble You want to get your money out anyway find a bigger bank
Comment from : Diehold Foundation

Aug 10 2023 Depositors have in bank accounts 22 Trillion in the US Banking System covered by FDIC money 225 Billion Dollars Problematic
Comment from : Amy Harrell

I think that this is a prelude to the introduction of a CBDC The Fed, Gov and banks likely don’t want people to hoard away gold and silver or cash The CBDC is supposed to replace cash so everything will be digital that the authorities will have total control over I think “they” are prepping people for a cashless system and they probably would like to punish those who have tried to bypass the system (by going into PMs) by eliminating the outlet for PMs by handcuffing the dealers / coin shops
Comment from : Peter Prescott

This is due to the Department of Justice, asset forfeiture program The DOJ is pushing 6 billion dollars, into asset forfeiture units, looking to expand the seizures assets Likely, banks are being harassed, by the Feds, looking for more opportunities, to seize more money This is the DOJ's wholesale asset forfeiture program They're looking for assets, they can seize They will use these funds, to force banks into justifying customer accounts, and help them seize assets The banks can't afford to help the government seize money It's just easier for them to cancel the account While it's doubtful the bank cares about your well-being, they might be doing you a favor, by not participating in the wholesale seizures, of their customer's assets Watch for the Feds, to start to pay a commission directly to banks, on assets seized The government's position is, anyone holding gold, and silver, is likely a criminal, laundering money, who's assets can be seized They're going to proclaim, if you're innocent, why would you be concerned The Institute for Justice, fights these types of government corruption, and they are doing great work Since they work on donations, this might be something we want to support If we do get a case, it would take around 5 years to make it's way through the courts It's been a tragedy watching a nation who's highest claimed value of freedom, be goaded into building a police state, under the guise of a war on drugs They real goal, was always a power grab
Comment from : hugokatz

Not sure if I missed it but is he using a local bank or a nationwide bank?
Comment from : Robert Duffy

As of March 2020, the Fed now requires zero reserves, not 10 We have a zero reserve banking system now And people wonder why inflation is so high
Comment from : john smith

What about bank accts of self car wash owners?
Comment from : Koin Kollector

they hate cash businesses andBanking is government, government is banking
Comment from : Norman Graham

AML policies are the problem My local coin shop says these accounts being closed may not be keeping up with simple paperwork It's not a conspiracy
Comment from : Mane

There ought to be state laws making it illegal for banks to close customers accounts without just cause and some sort of due process like a financial Habeas Corpus
Comment from : Dale Parkes

Thanks for the video!
Comment from : Ian D

Run baby run
Comment from : Cheese Mouse

Time you take the "bull by the the balls"!
Comment from : Cheese Mouse

You silver/gold (coin shops, & gun shops) need to band together & open your own bank!
Comment from : Cheese Mouse

"Old Glory Bank"
Comment from : Lou G

The reason business accounts are being closed is because they are moving towards digital coin Digital coin was supposed to be introduced in 2023 but that didn't happen so they'll be introduced and get in 2024 I'm getting rid of all my coins because this is going to happen When it comes to gold coins and silver coins everyone will have to take their coins to a bank, they will set a price for it and that is why coin businesses will be out of business
Comment from : Lady Lona

Thank you for making this video and keeping the community informed
Comment from : Ontario100

Tyranny
Comment from : B

The govt is worried about bank runs They know the dollar is going to collapse When that happens the price of gold and silver will skyrocket The general public and small stackers will try to cash out That will cause bank runs Thats what they are worried about This action is pre-emptive Everything is going sideways soon Get ready This is one more sign
Comment from : Jay Jenkins

the coin dealer is almost another form of bank, a way to save money without a traditional bank but if they close all the coins shops and we can't sell our silver that's how the banks can push them out of the loop and make us save in banks not metals
Comment from : michael wilbur

Fractional banking and CBDC of FedNow
Comment from : William Ward

i have never understood why people use banks anyway, the average person with less than 25000 in savings, why give it to a bank just to take it?
Comment from : michael wilbur

their teaching yall
Comment from : michael wilbur

Welcome to Joo Bidens America
Comment from : frutbum-p

The war is on cash and is designed to remove the pillars that could be used to oppose CBDC! If people can’t use cash, maybe they use gold so running the small gold shops out of business removes the pillars for this People need to wake up!
Comment from : Sean !

They are trying to shut you guys down since your trade undermines their plans for global virtual banking planwhere you will need your phone or a microchip to buy goods/servicesand if you don't comply they can just shut you off
Comment from : r8dj

I watched Scott’s video The other day I told him about your channel Other shops having account problems thanks Love your channel
Comment from : Scott Grayson

Not surprised what you touched on about their reserves you cost them a penalty with FDIC when they dip below a specific valuation with the FED
Comment from : Edward Fedeli

That stuff is getting bad like you said they want you to keep the money in the bank
Comment from : Bill 457

Has nothing to do with cash, feds don't want ppl owning precious metals That's preventing their ability to control you with their CBDC They want no competition When CBDC starts, they want to own you
Comment from : Michael Doyle

WWIII has started
Comment from : Robert Cornelius

Remember that those loans can be recalled They are also liquid notes that can be sold on the open market
Comment from : Shawn Smith

Nothing to do with cashbrThey don’t want the public buying gold and silver in cash - it’s a bullion control
Comment from : Zero 2 Infinity

I should share I will share and bash both Republicans and Democrats Maybe I will bash Uncle Scam too Obviously, the Federal Reserve System hates us
Comment from : Bryan Tint

Pre-Confiscation? 😮
Comment from : GOLDCIC

No wonder my local coin shop been closed
Comment from : Al Borland

My account was closed, no reason given, no notice at all It was TD Bankstay away from those Canadian bas🎉terds
Comment from : Boris Badenov

Concerning for sure, keep us updated!
Comment from : 72cmcinc

I watched all the way to the endbrNo mention of the banks name???brThat information would be helpful, vote with your wallet
Comment from : ARTE

Although this happens here in Canada DAILY, I am actually very surprised that this could happen in the United States seeing that you all have a solid Constitution (something we do not have)
Comment from : Bill V Thomopoulos