I’m hearing that BIG banks (BOA and the like) are closing many branches. I think I heard north of 40 for BOA in a few weeks window.
I’ve moved fiat (not money) from BOA to my regional bank.
Bear in mind that no bank is safe from a systemic failure, where FDIC and the like are useless.
But, I think the big banks are the most vulnerable, and there is relative safety in small banks
Thanks for the answer.
Now that you mention BOA you’re right.
There’s only a few branches anywhere around here.
You would have to know the right’ small banks. How would you research that?
Gold is not a growth solution. But it retains value in spite of a collapse.
The problem, there has almost always been a scarcity of Gold. but growth of an economy is built on currency expansion. If it is tied to gains in industrial output, technological development and growth of private development, it is constructive. If it only fuels more government intervention and control, it leads straight to hell.
This is the paradox of fractional reserve banking since it’s inception. The globalist bankers are as fake as out bought POL’s. They are both desperate to continue their fraud.
Will this come to a global collapse. It is possible. It is a lot more likely if Trump is elected to be a trap from which we can escape. If not, it will collapse on it’s own weight of lies under it’s own weight of debt.
Edward Dowd has stated the collapse is inevitable. I am not sure.
Well, a small back can be taken down in a weekend; larger banks take months. But I think you might be right - the targets this time around might be the big regionals - not big enough to be Too Big To Fail, but more exposure than the commercial banks.
As to the Too Big To Fail banks, the plan for those was always to decapitate the leadership but to keep operations going while unwinding things and selling off the parts.
How many people are actually using brick and mortar bank buildings TODAY!! I have not set foot into a bank in at least 5 years I can see WHY banks would be closing down buildings no one is using them anymore! I have not written a check for ANYTHING in at least 5 years!!