What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut

[Swordsmyth]

Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions.
Bank Shuts Down ‘Silver Stackers and Gold Stackers’ Shop’s Business and Personal Accounts

An Ohio-based coin shop owner recently took to YouTube to share alarming news: His regional bank, with whom he has been a customer for years, has suddenly decided to sever ties by closing all six of his business and personal accounts.
The coin shop owner, who operates a coin shop dealing in silver and gold, received certified letters from his bank stating, “After a recent review, we have decided to end our relationship with you and close your accounts… As stated in your account agreement, we can close your account at any time, for any reason, with or without notice. We will begin our closing process on September 6, 2023.”
What’s shocking is that the bank has declined to provide any reason for their abrupt decision, leaving the owner and his family in the dark. The letters came without prior notice, affecting multiple accounts, including those belonging to his children and wife.


A visit to his local branch revealed little; even the manager, with whom he has a good relationship, couldn’t get an answer for the sudden decision.
“They’re just closing all my accounts. They don’t want to do business with me. They won’t tell me why. I went to my local branch, who I have a good relationship with. Talked to the manager. She tried to find out. They wouldn’t tell her. So here I was left thinking, wow, what is going on? What do they think I could have done?”
The businessman emphasized his compliance with all necessary regulations, including maintaining an Anti-Money Laundering (AML) program. Nevertheless, the bank’s sudden move has not only disrupted his life but also has him worried about the future of his fully-legal and long-standing business.


“We follow all the rules here, licensed by the state. I have an AML program. I’m very careful what I do. I know how regulated this business is, and it is very regulated,” said the shop owner in the video.
“I’ve been in business a long time. I know what to watch out for and avoid certain things or whatever. So I adhere to the law, and I’ve never had a problem, never. And it’s very stressful when this happens. It’s never happened to me in my life. I’ve never had my banks closed, and I had multiple accounts. Even my kids account with them was closed and my wife’s account closed. And to me, this is just more confirmation to what’s going on.”
He added, “I don’t think the banks like this type of business. I don’t know what they think. We’re doing here because everything’s 100% legitimate, but for some reason they don’t like it. And we all probably know why. And it’s just a shame that they have that much power and that much ability and they could just close your stuff down just like that. Very unnerving. It’s very unnerving.”




This isn’t an isolated event. The owner is aware of at least three other businesses — two coin shops and a pawn shop — in Ohio that faced the same issue in recent years.

More at: https://www.thegatewaypundit.com/202...n-shop-owners/

[GlennwaldSnowdenAssanged]

It seems like the coin shop has the upper hand. They have precious metals. Why be concerned that you cannot use fiat dollars? Rejoice. Barter and trade your metals for metals? Go Cryto? Good thing he follows the rules and regulations!

[GlennwaldSnowdenAssanged]

Breaking Bad!

[GlennwaldSnowdenAssanged]

Conspiracy to devalue precious metals?

[acptulsa]

It seems like the coin shop has the upper hand. They have precious metals. Why be concerned that you cannot use fiat dollars?

Because that's where the profit margin that pays the asinine electric bill is.

Conspiracy to devalue precious metals?

Nonsense. Why would they do that? They've bought more gold than anyone else, probably more than everyone else combined.

They just don't want you and me to do the same.

[GlennwaldSnowdenAssanged]

Because that's where the profit margin that pays the asinine electric bill is.



Nonsense. Why would they do that? They've bought more gold than anyone else, probably more than everyone else combined.

They just don't want you and me to do the same.

Weaponizing the banks against the people. Make it harder for you to sell or buy precious metals.

I don't see things changing for the better unless people rise up and stop being dependent on Mains Stream Sources for anything. Everyone needs to Break Bad and go underground. Underground Food, Healthcare, Consumables... Everything. Not going to get better if people rely on those that broke it to fix it.

At Gateway Pundit when I comment something like, you will comply when your healthcare provider tells you you need to wear a mask or your store won't let you in without a mask.... I get all the thumbs down. Realistically what can people do that are beholden for goods and services to those that demand you comply? Only one way I see out of it and that is a Rebellion. In order for that to work, people need to be able to get their goods and services from someplace else.

Government has gone all out war on the people. Either they rise up and end this tyranny or become totally enslaved.

[devil21]

Government has gone all out war on the people. Either they rise up and end this tyranny or become totally enslaved.

Are you just now figuring out that the "government" (term is used loosely as the USG is a corporation, not a government) is at war with the people? The gold fringe flag has always been a war flag flown by pirates engaging in maritime war. Watch Pirates of The Caribbean with this perspective in mind.

[oyarde]

jp morgan chase , old national i know are two who have done so recently , one in chicago. not sure yet which banks in ohio , the chicago dealer switched to republic bank. wells fargo closed my line of credit a few yrs ago, i wasnt using it but pd an annual fee to keep it in case i wanted to so they threw that money away . basically we are talking $#@! banks here so far for sure , old national , jp morgan chase , wells fargo. anti business and anti making money and should be fired. ive only used three here locally in the past nearly 60 yrs probably , two credit unions and a bank , if the bank gives me any problems i'll just use the credit union i still maintain some business with. my emergency fund savings is actually with my life ins co , i just use my bank mostly to utilize the checking account. old habit , it comes with free money orders , cashiers checks etc but used to come with free checks and free safe deposit box. i dont keep a safe deposit box anymore. these ohio articles are kind of useless if they dont name the $#@! banks.