Free Republic

Friday, The First National Bank of Lindsay was closed by the Office of the Comptroller of the Currency (OCC), with the Federal Deposit Insurance Corporation (FDIC) appointed as receiver. The OCC acted after identifying false and deceptive bank records and other information suggesting fraud that revealed depletion of the bank’s capital. The OCC also found that the bank was in an unsafe or unsound condition to transact business and that the bank’s assets were less than its obligations to its creditors and others.

Silver prices soared by over 6% yesterday, breaking through the crucial $33.6 per ounce mark and sending shockwaves through global markets. The surge has put five major U.S. banks at risk of massive losses, potentially in the billions, due to their heavy short positions in the precious metal. According to data from the Commodities Futures Trading Commission (CFTC), the open interest in silver futures contracts has reached a staggering 141,580 contracts, each representing 5,000 ounces of silver. This translates to a total of 707,900,000 ounces – nearly equivalent to a year's worth of global silver production.

The Military spokesperson says Israel will reveal how Iran funds Hezbollah and its terror activities; IDF planes strike banks in Beirut's Dahieh and elsewhere around the country.

NEW YORK — Connor Tomasko grew up wary of credit cards. As she taught herself more about managing money, she realized that many people also have bad habits when it comes to payment apps. Tomasko, 31, a freelance software consultant in Chicago, understands why people appreciate the ease of the apps, which typically only require you to know someone's username in order to send money. But she realized that keeping money in the apps could be risky and means losing out on the interest from a high yield savings account. She now immediately transfers any payments out of the apps...

The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more. TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, and it would be immensely more efficient for the government to just print the money they need and end both borrowing and taxation. Over 70% of the national debt is due to interest and wars. It does not go to expand the economy or help...

Many of you may remember my reporting around "Operation Choke Point 2.0" from the spring of 2023; TLDR, Biden's financial regulators, namely the Fed, FDIC, and OCC, launched a crackdown on banks covering the crypto space. The first casualty was Silvergate Bank, which voluntarily liquidated. The standard reporting around Silvergate was that the bank lent to crypto depositors and those depositors were flighty; when rates rose, Silvergate suffered M2M losses on bond portfolios and ended up insolvent. Except that's not true. Silvergate weathered the storm, even though short sellers and members of Congress like Sen. Elizabeth Warren (D-Mass.) encouraged a...

A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50% or higher ratio of uninsured deposits to total deposits. Basically, they simply do not have the hard currency to shell out in the event of a panic. Banks currently limit cash withdrawals under the pretense of money laundering and security. They will ask all sorts of questions if you even TRY to withdraw your money. They realize we are on the verge of a crisis in banking on a global...

Unravels the Roths-child family's history. Delve into the labyrinth of power, wealth, and secrets that have defined one of the most influential banking dynasties in the world. I had to cut out the mention of J3ffrey Epstaln from this video, but you can see them here on my Patreon - / web-of-lies-102158193 Link to transcript below video.

Major U.S. banks including Chase, Bank of America, and Wells Fargo collectively closed more than 30 locations during a two-week period in July, a Daily Mail report revealed. From July 14 to July 28, 33 banks were shut down throughout multiple regions of the country, with Florida being the state with the most closures. Bank of America axed 11 locations, followed by Chase and PNC which closed seven each. Axiom Bank, Capitol, Citizens, Dollar Bank, Lemont, and Zions Bancorporation locations also went down across states including Ohio, Virginia, Texas, and Colorado. Bank of America has become the national bank with...

Home to an estimated 110 billionaires and even more multi-millionaires, Switzerland is in danger of losing a large part of its population. The ultra-rich are preparing to flee the country in fear of a new tax proposal. Yes to the tax The JUSO (The Socialist Youth), under the Social Democratic Party, are determined to impose a law for a 50 per cent inheritance tax on all residents whose assets exceed 50 million francs (€51 million). The Vice President of JUSO, Melanie Rufi stated to the Press that the rich should be held “responsible” for climate change, as they “contribute enormously...

Citigroup, the international banking giant worth over $300 billion, is suffering from a case of cognitive dissonance when it comes to its banking services policies. Citigroup is holding steadfast to its refusal to provide services to firearm businesses that won’t knuckle under to their gun control demands but is standing by its decision to finance actual weapons of war. Citigroup last week urged its Wall Street staff to “keep their cool” when anti-Israel protestors blocked their New York City headquarters building. The protestors took issue with Citigroups’s alleged financial agreement to support Israel’s purchase of fighter jets from the U.S....

July 19 (Reuters) - A global tech outage was disrupting operations across multiple industries on Friday, with airlines halting flights, some broadcasters off air and services from banking to healthcare hit by system problems. While major U.S. airlines - American Airlines (AAL.O), opens new tab, Delta Airlines (DAL.N), opens new tab and United Airlines (UAL.O), opens new tab - grounded flights, other carriers and airports around the world reported delays and disruptions early on Friday. Banks and financial services firms from Australia to India and Germany warned customers of disruptions. In Britain, booking systems used by doctors were offline, multiple...

American Airlines, United and Delta have asked the FAA for global ground stop on all flights, according to an alert from the FAA on Friday morning. The FAA is telling air traffic controllers to tell airborne pilots that airlines are currently experiencing communication issues. Meanwhile, flights in the air will stay in the air, but no American, United or Delta flights will take off....

The Federal Reserve is Running on Empty. ‘What passes for central banking today is really a perverse form of Wall Street-pleasing monetary manipulation. It employs the vocabulary of central banking, but in practice it fundamentally undermines main street prosperity, even as it showers the 1% (the top wealthiest people) with unspeakable financial windfalls. Stated differently, virtually everything the Fed does for the alleged benefit of the American economy is both unnecessary and a ruse. The Fed has actually become a captive of the Wall Street traders, gamblers and high rollers, and functions mainly at their behest. The proof of this...

Curtis Murrah says he’d been a loyal customer with USAA for 28 years — until his wife rang him up one day saying she couldn’t make their mortgage payment because there wasn’t any money in their account. Murrah, who’s based in Georgia, says he took a closer look at his accounts and discovered someone was making deposits in and out of his accounts. “It was like they were playing mind games,” he told News 4 San Antonio. “They would deposit $9,800 then turn right around and withdraw $9,800. They would deposit $4,000, turn right around and withdrew it.” Murrah contacted...

So apparently the US Supreme Court has just given 40 US states the green light to begin issuing their own gold and silver-backed currencies. Quote from the SC decision: “The United States maintains a dual system of banking, made up of parallel federal and state banking systems. That dual system allows privately owned banks to choose whether to obtain a charter from the Federal Government or from a state government.” www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf

Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its Quarterly Banking Profile report, the FDIC says banks are now saddled with more than half a trillion dollars in paper losses on their balance sheets, due largely to exposure to the residential real estate market. Unrealized losses represent the difference between the price banks paid for securities and the current market value of those assets. Although banks can hold securities until they mature without marking them to market on their balance sheets, unrealized losses...

Bitcoin was the star of the white-knuckle ride that cryptocurrencies offered in 2017 but lesser-known names, such as Ripple and Ethereum, are seen gaining prominence in 2018. While bitcoin jumped more than 1,200 percent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 percent in the same period. That means $100 invested in Ripple in January 2017 would have grown to about $35,000 at the start of this year. To be sure, bitcoin is still the biggest cryptocurrency by far - with market value exceeding $250 billion - and is expected to keep that mantle...

Banking heir and cryptocurrency bigwig Matthew Mellon has died, a representative for his family said in a statement. Mellon, an early backer of global settlement network Ripple, was the ex-husband of Jimmy Choo guru Tamara Mellon and of designer Nicole Hanley, his second wife. A rep said in a statement: “Billionaire Matthew Mellon, 53, died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility. Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three children, Force, Olympia and Minty. The family asks that their privacy be respected...

'Legal Nightmare' Feared in Russia Suit Against Bank of New York Mellon May Set RICO Precedent By JULIE SATOW, Staff Reporter of the Sun | June 30, 2008 http://www.nysun.com/business/legal-nightmare-feared-in-russia/80947/ The final stages of a $22.5 billion battle pitting the Bank of New York Mellon against the Russian Federation will begin today in a Russian court. Stephen Chernin/Getty A December 2006 picture of a Bank of New York branch just before the bank acquired Mellon Financial Corp. The decision in the money laundering suit, which may be handed down as early as this week, could set a precedent for the global...