US Banks Increasingly Difficult To Work With

[freedomno1]

This may interest you guys and may explain lately why the banks are getting even more bitchy than usual about you doing business with them.

https://www.youtube.com/watch?v=9vCOITmNZy4

Usually I would say but its Fox News here we are talking about
But then I think of normal government policy and say touche

There is a group of Panamanian bankers that are setting up a company called Crypto Financial to facilitate transfers between Fiat and BTC.
See http://www.cryptofinancial.io/

You can buy into that IPO you know

[Lethn]

LOL well the focus is on Peter Schiff, he goes everywhere, but he's very good at explaining economics and was one of the reasons I got so interested in it and did more research, we're currently at the phase now where the banks are doing everything they can to try and steal our wealth and make sure none of it leaves the country, governments and banks have been conspiring on ways to do it for centuries now.

[Kluge]

CUs/banks here have been shutting off the option to send international wires. Guess it's more hassle in complaints, AML horseshit, and fraud than's worth for them... but it makes life a good bit more difficult.

The one time I did send an international wire with a local CU (they've since revoked the option), it was quite an adventure for both the teller and myself, and she was very nosy, I'd hope because she was worried I might be sending money to a Nigerian prince. You never know with the BSA, though.

Speaking of which -- how can a financial institution comply with a Bank SECRECY Act and expect trust? Bah. "Yeah, we might be monitoring you, filing reports behind your back and consciously thinking about how to defraud you -- but trust us - we're a bank!" I don't think terrorists ever imagined how damaging the 9/11 attack would be on Americans.

... What were we talking about?

[dawie]

I like Peter Schiff's shows as well.
What a glorious future will it be for us to end fractional reserve banking with all the misery that it causes with profiteering from usury.  It is such a mission to send money abroad from South Africa as well.  Took me a week to get my fiat to mt.gox.  Not to even speak of ATM fees, admin work, queuing.. The more I work with BTC the more I realize.. this could be The De Facto solution to money.

[CurbsideProphet]

This may interest you guys and may explain lately why the banks are getting even more bitchy than usual about you doing business with them, they're probably terrified that all the money is going to go out of the country.

https://www.youtube.com/watch?v=9vCOITmNZy4

I don't buy it.  I think it's nothing more than a tightening of AML/BSA/KYC regulations.  Banks don't want to deal with the headache so they're willing to lose you as a customer.  They're getting to borrow money at basically nothing at the discount window, why do you need depositors when you can do that.