Popular Articles
Today Week Month Year

DEBANKED: THREE separate coin shop owners see bank accounts SHUT DOWN for no reason, all at the same time
By Ethan Huff // Sep 13, 2023

An Ohio-based coin shop owner took to social media this week to inform the world that his regional bank, where he has been a customer in good standing for many years, shut down all six of his business and personal bank accounts suddenly without notice and for no stated reason. And it turns out the same thing happened to at least two other coin shop owners as well.

The coin shop owner, who deals in silver and gold, says he received certified letters from his bank stating that:

"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."

The coin shop owner received these letters out of the blue, and the bank in question refuses to explain why it made this sudden and unexpected decision. The man, his wife, and even his children are all no longer able to use the bank in question, and must now find an alternative.

"They're just closing all my accounts," the man explained. "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?"

(Related: Back in July, banking giant JPMorgan Chase shut down the bank accounts associated with Mercola Market, an online store run by Dr. Joseph Mercola and his colleagues.)

Banks don't like coin shops because they deal in sound money rather than fake fiat funny money

The man confirmed that he is in full compliance with all necessary regulations, including maintaining an Anti-Money Laundering (AML) program. And yet, he and his family are still being punished for some unknown reason.

"I've been in business a long time," he said. "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."

The man speculates that the banks do not like coin shops and other related businesses because of what they represent. Since coin shops deal in sound money, and banks deal in fake fiat funny money, there is a conflict of interest that, in cases like this, results in tyranny.

"I don't know what they think we're doing here," the man explained about his former bank. "Because everything's 100 percent 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."

In one of the other cases, a coin shop owner in Chicago dealt with a similar situation while banking at Old National Bank. According to her, the bank not only closed her accounts without warning, but also closed several accounts held by her family members – and none of those accounts even had her name on them.

When attempts to outright silence their opposition fail, the left resorts to de-banking its enemies instead. Learn more at Fascism.news.

Sources for this article include:



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.