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The Entire Banking System Is Shaking

1LoverofGod

Well-known
Excerpts from article:

Major financial institutions seem to be accelerating a trend that many conservatives find alarming: the closure of physical bank branches.

According to a bulletin published by the Office of the Comptroller of the Currency (OCC) on Friday, Bank of America led the way by closing 21 branches in just the first week of October.

Wells Fargo was not far behind with 15 closures, while US Bank and Chase reported closing nine and three branches, respectively, according to the Daily Mail.

Complete article:

 
I wonder where the banks were that closed. For several years, there's been a trend to close down branches that get robbed repeatedly, especially if anyone gets hurt (at least partly driven by insurance and liability concerns). And an upward trend in armed security filled by off-duty police instead of armed security guards. I haven't seen unarmed security in a bank or credit union for over a decade. It's either all or nothing.

Here, both BA and Chase have been opening new branches almost as fast as they can build them. I think it's the huge immigrant and refugee populations, because at least some of the new branches have been propinquant to large concentrations of said new residents. Ditto some new credit union branches and increasing service on some transit routes in these areas.

Both BA branches I go to here are always busy inside, but one has cut back hours, to the "consternation" of many customers :headbang:
I surely hope this branch doesn't close because it's in a much safer area than the other one, although its outside ATM is less safe than the other one, except at night when they're both not particularly safe [sigh]
 
I'm not alarmed. I'll bet individual branches in most places see a lot less foot traffic than in days gone by. More and more of us are doing most of our banking online. I think if banks shut down half or more of their branches towns would still have plenty of banks in physical locations.
 
I'm not alarmed. I'll bet individual branches in most places see a lot less foot traffic than in days gone by. More and more of us are doing most of our banking online. I think if banks shut down half or more of their branches towns would still have plenty of banks in physical locations.
That's the point for the brick and mortar bank closures, they want us doing our banking digitally online. Like the article said ultimately it's to roll out the CBDC and do away with physical banking
 
The purpose of the OP is not to induce fear nor worry.
As believers we know what to do with our worries and fear is not of God.

The OP is meant to be informed and prepare because we don't know how much longer we will be here before we are caught away to meet Jesus in the air.

The CBDC is not the mark of the Beast, but is the groundwork being laid for it.

We won't be here for the Mark of the Beast, but we could be here for all of the CBDC implementation with the ESG attached to it and though online transactions are convenient, ultimately there will be a digital ID that will be required to do anything online as well. What does this mean for us if we are still here for all of this? It means every transaction done with our digital currency will be tracked with a "Blockchain" that will be on every electronic device and business we make transactions with.

That means if you are monitored on social media or any online website we comment on and "they" don't like what you said, your digital assets will be frozen.

If you buy too much meat, and "they" say meat is bad for the climate, they can block your next purchase of meat, etc.

If "they," push the narrative that Christians are "extremists" and using scripture is a form of hate, "they" won't let you use the digital currency to tithe or make offerings to your church, and again can freeze your assets.

There's a lot involved in this CBDC that many don't take into account.

It's coming, and if we are still here, it may impact our livelihood economically if we aren't complying with the globalists agenda.

Here are some links to support everything I have said and remind us what's all entailed in CBDC.

Again, it's not to induce fear or worry, but to be prepared should we still be here when all of this transpires.

It's not the MOB, because that involves worship of the Beast, and we aren't here for that.

But we may feel the changes coming in with currency and transactions.

When cash is no longer accepted, and everything goes complete digital, we will all need to use wisdom if we choose to be part of this banking and business system, and if we choose not to, then it's time to be prepared to feel the pinch.

But we trust God.


*And my God will meet all your needs according to the riches of his glory in Christ Jesus"
Philippians 4:19


Why CBDCs will likely be ID-based



ESG Is Banking’s Next Big Thing


Blockchain application for central bank digital currencies (CBDC)


Why Central Bank Digital Currencies (CBDC) Now And What They Could Mean For Climate Change?​


Why Central Bank Digital Currencies (CBDC) Now And What They Could Mean For Climate Change? (2/2)

Digital Dollar Development Stirs Transaction-Tracking Tensions​


 
Old people, cognitively impaired, handicapped, and people, who do not speak English well, or at all, are most negatively impacted by lack of physical banking, and they're the ones most likely to get ripped off even trying to do stuff online or digitally. The poor, who do not have secure internet at home or elsewhere, are also adversely impacted when there's a lack of physical banks.

Here, banks hire bilingual and multilingual tellers and bankers so as to service a wider clientele. There's so much diversity here that it's like a Brooklyn bazaar or Old City Jerusalem hearing all the various languages and accents (and seeing the various traditional attire). People are helping one another by translating between people, who do not have a common language, and it's providing openings to share The Gospel. Fun when three or four (or more) Christian traditions are represented in the same conversation and everyone gets excited to meet other Brothers and Sisters in Christ. Even better when people get to witness to a lost Christian and it's various languages flying around during the conversation :)

Unfortunately, the cell phone translation apps are actually impeding witnessing to at least some because muslim women are so fearful of leaving a trace of anything on their cell phones, and many are simply not allowed to have such an app. OTOH, the translation apps are good for witnessing to others, who have no such culturally-driven safety issues, and it allows non-English-speaking people a way to function efficiently in a generally English-speaking culture :)
 
Digital verification to log in online is going to be common place too

Yes, and AT&T by not providing/selling inexpensive non-smart flip phones (starting with the force-feed during the 5G roll-out) that allow the user to open and read a text while on the phone with a bank, phone company, etc., is helping force people to smart phones. FWIW, I'm in the process of firing AT&T and I'm supposed to get my new other company phone today (free, although with strings). Feels good to say I fired a CEO, a bunch of executives, a Board of Directors, etc. and they'll find out later today when we port my number, etc. over :lol: (not that they actually care; I'm a tiny, insignificant drop in their giant bucket of customers and profits) I was with Cingular/AT&T for almost a quarter of a century and except for this equipment issue, generally treated me very well.

The place I get dog food from is now using Shop, which requires a text code to log into the dog food company's website and an email verification to actually make the purchase :mad: I'd buy the food from a local brick-and-mortar store, but the State of Minnesota will not allow the food to be sold in person here because of the way it's packaged. 5 pound bags only to limit oxidization. Minnesota says if it's a 40 pound bag, it must be one 40-pound bag instead of eight 5-pound bags because of the environment :mad:
 
Old people, cognitively impaired, handicapped, and people, who do not speak English well, or at all, are most negatively impacted by lack of physical banking, and they're the ones most likely to get ripped off even trying to do stuff online or digitally. The poor, who do not have secure internet at home or elsewhere, are also adversely impacted when there's a lack of physical banks.

Here, banks hire bilingual and multilingual tellers and bankers so as to service a wider clientele. There's so much diversity here that it's like a Brooklyn bazaar or Old City Jerusalem hearing all the various languages and accents (and seeing the various traditional attire). People are helping one another by translating between people, who do not have a common language, and it's providing openings to share The Gospel. Fun when three or four (or more) Christian traditions are represented in the same conversation and everyone gets excited to meet other Brothers and Sisters in Christ. Even better when people get to witness to a lost Christian and it's various languages flying around during the conversation :)

Unfortunately, the cell phone translation apps are actually impeding witnessing to at least some because muslim women are so fearful of leaving a trace of anything on their cell phones, and many are simply not allowed to have such an app. OTOH, the translation apps are good for witnessing to others, who have no such culturally-driven safety issues, and it allows non-English-speaking people a way to function efficiently in a generally English-speaking culture :)
It's definitely going to affect many elderly and disabled, but "they" don't care. Unfortunately the elderly and disabled in the eyes of the globalists are considered "useless eaters" and could care less about them

This link below tells what these globalists think about the majority of humans, listen to what Yuval Harari says on the video. He is the right hand man to Klaus Schwab of the WEF........

Yuval Noah Harari | WEF, 'Useless Eaters", Lockdowns and Emergencies with Michelle Sterling
 
We will have plenty to eat in Heaven :)

Until then:

9 After this manner therefore pray ye: Our Father which art in heaven, Hallowed be thy name.
10 Thy kingdom come, Thy will be done in earth, as it is in heaven.
11 Give us this day our daily bread.
12 And forgive us our debts, as we forgive our debtors.
13 And lead us not into temptation, but deliver us from evil: For thine is the kingdom, and the power, and the glory, for ever. Amen.
Matthew 6:9-13, KJV

AND

25 Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
26 Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
Matthew 6:25-26, KJV


1 The Lord is my shepherd; I shall not want.
2 He maketh me to lie down in green pastures: he leadeth me beside the still waters.
3 He restoreth my soul: he leadeth me in the paths of righteousness for his name's sake.
4 Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
5 Thou preparest a table before me in the presence of mine enemies: thou anointest my head with oil; my cup runneth over.
6 Surely goodness and mercy shall follow me all the days of my life: and I will dwell in the house of the Lord for ever.
Psalm 23, KJV

:bouncies:

:thankyou: JESUS!!! :thankyou:
 
We will have plenty to eat in Heaven :)

Until then:

9 After this manner therefore pray ye: Our Father which art in heaven, Hallowed be thy name.
10 Thy kingdom come, Thy will be done in earth, as it is in heaven.
11 Give us this day our daily bread.
12 And forgive us our debts, as we forgive our debtors.
13 And lead us not into temptation, but deliver us from evil: For thine is the kingdom, and the power, and the glory, for ever. Amen.
Matthew 6:9-13, KJV

AND

25 Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
26 Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
Matthew 6:25-26, KJV


1 The Lord is my shepherd; I shall not want.
2 He maketh me to lie down in green pastures: he leadeth me beside the still waters.
3 He restoreth my soul: he leadeth me in the paths of righteousness for his name's sake.
4 Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me.
5 Thou preparest a table before me in the presence of mine enemies: thou anointest my head with oil; my cup runneth over.
6 Surely goodness and mercy shall follow me all the days of my life: and I will dwell in the house of the Lord for ever.
Psalm 23, KJV

:bouncies:

:thankyou: JESUS!!! :thankyou:
Amen.
With our Lord, we lack nothing.
Yes, if God supplies for the birds in the air, how much more will he supply for us who are made in His image and Jesus laid his life down for. Praise to our God
 
In places where bank branches are closing I don't think it's necessarily part of "the" nefarious plan. In my town we're still getting new branches opening, probably because the market for bank branches is still healthy. Market forces dictate a lot of these changes whether we like the changes or not. Phone and phone service providers focus on the latest and greatest because that's what the vast majority of their customers want, not because they're trying to put the technology in our hands that the End Times Govmint can use to track everything we do.

The point I wanted to get to "eventually" is we're in the end days before the Tribulation period and whether the changes are effected for nefarious reasons or whether the changes are dictated by the markets, it all leads to readying the world for the things that will be happening at the very end of this era.
 
Why are big banks suddenly rushing to shut down so many local branches all over the nation? As I have discussed in previous articles, U.S. banks are currently sitting on hundreds of billions of dollars in unrealized losses. When financial institutions get into trouble, they start getting really tight with their money and they start cutting costs. In addition to laying off workers, our banks have been cutting costs by permanently closing local branches. For example, between November 12th and November 18th, the sixth largest bank in the United States initiated filings to close 19 more local branches

America’s sixth-largest bank, PNC, has confirmed the closure of 19 more branches nationwide, following a staggering 203 branch closures earlier this year. This decision, aligning with the bank’s shift towards digital banking, is raising concerns among customers who prefer traditional banking methods.
Scheduled for February 2024, the closures will primarily impact Pennsylvania, where the majority of branches marked for closure are located. However, several branches in other states, including Illinois, Texas, Alabama, New Jersey, Ohio, Florida, and Indiana, will also be shutting their doors, leaving customers in these regions with limited access to in-person banking services, The Sun reported.

More

 
People's banking habits have changed. More and more banking activities are completed online.

The only time I need to go to a bank is to deposit or withdraw actual cash.

The closing of bank branches is probably a prudent business decision given the direction banking activities have been heading in.

For some reason the town I'm living in has been getting more physical banks, and we've already got a whole lot of them.
 
People's banking habits have changed. More and more banking activities are completed online.

The only time I need to go to a bank is to deposit or withdraw actual cash.

The closing of bank branches is probably a prudent business decision given the direction banking activities have been heading in.

For some reason the town I'm living in has been getting more physical banks, and we've already got a whole lot of them.
Gone are the days I need a physical bank because its been years since I have been inside a bank.
ATMs work fine for me, and its very rare I would need more cash than an ATM would allow for a withdrawal.
 
Gone are the days I need a physical bank because its been years since I have been inside a bank.
ATMs work fine for me, and its very rare I would need more cash than an ATM would allow for a withdrawal.
The only time I even used an ATM in the last 30 years or so was to demonstrate to my children how to use their ATM cards from USAA. I don't use much cash, haven't in a long time.
 
The only time I even used an ATM in the last 30 years or so was to demonstrate to my children how to use their ATM cards from USAA. I don't use much cash, haven't in a long time.
Is that because in the artic, igloos are not secure enough for an ATM?

You always seem to be a first for me, because I dont know anyone who does not use an ATM. Obviously it works for you. Im just shocked you dont use them in order to support your multiple daily hamburger consumptions.

When it comes to finances, many of us on this forum are very different. I know some dont bank online, some dont use any direct deposits, or auto deductions for bills, or even have a checking account. Whatever works, works!
 
Is that because in the artic, igloos are not secure enough for an ATM?

You always seem to be a first for me, because I dont know anyone who does not use an ATM. Obviously it works for you. Im just shocked you dont use them in order to support your multiple daily hamburger consumptions.

When it comes to finances, many of us on this forum are very different. I know some dont bank online, some dont use any direct deposits, or auto deductions for bills, or even have a checking account. Whatever works, works!

When I was a young man, I'd typically go to an ATM once a week and withdraw what I thought I'd need cash-wise for the coming week. At some point credit cards became more prolific and I started using one of those when I could. My first credit card was a JC Penny's store card. I'd been using my dad's Union 76 credit card for gas for at least a couple of years because he didn't need it and we had the same name. I decided to apply for my own Union 76 card and got turned down. Because I never borrowed so much as a dime I had no credit history. Then I applied for and got the JC Penny Card. Before I'd even used it I turned around and applied for the Union 76 card and they gave it to me :). As more and more places began to accept credit cards I transitioned from paying cash to using credit cards because I could earn interest on my money in the bank until I had to pay back the money I'd already spent. So I appreciated that float that worked in my favor. The only fees I've ever paid to a bank in my life was foreign transaction fees a couple of times and a fee to wire money to purchase the Cheyenne house. Fast forward to the last 30 years or so and I use very little cash so don't need much. If I run low on cash I go to my one local bank where I keep accounts and withdraw more than you can get from an ATM. ATMs just don't play into the way I manage my financial resources nowadays. None-the-less, I'll sometimes have an ATM card with me when I travel, just in case there is some kind of unforeseen emergency where I need more cash than I have on me.
 
In 2023, JP Morgan Chase has or will close 159 branch locations across the United States. The banking giant is not alone in its decision to scale back its physical presence as banking moves online; Bank of America, Wells Fargo, and Citi Bank have announced closures at similar scales that will continue into 2024.

For customers, these closures represent a significant inconvenience, particularly when they are met with automated customer service helplines that do not come close to the service previously offered by bank tellers and other banking professionals who staff these now-shuttered branches.

Twenty states have, or will, be impacted by Chase locations, and with 46 branches closed, California tops the list, followed by Illinois with 24 and New York with 17. This information comes courtesy of the Office of the Comptroller of Currency, a federal agency that requires banks to inform them of closures at least ninety days before taking place....

... The complete list of branches that will be closed by the end of 2023....

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