Oh, I'm sorry, you mean the retail section of JP Morgan Chase?
Learn who your enemies are, kids. If you have a JP account, or a BofA account, recognize you are dealing with an enemy faction. Same with Mastercard, by the way.
More and more, I've realized my investments in metals are not investments, they are a life-line. Be Your Own Bank.
Ah yes, if you run into trouble you can always sell your gold at Goldstein's gold emporium. He's a great guy and has nothing to do with the banking system.
Gold and silver will carry you as far as you or others care to maintain consensual exchange. Copper, brass, and lead are the metals which will save you when that day comes.
Honorable mention to steel, preferred brass substitute of the 20th century regimes who cared not one whit for the consent of others.
Gold is part of the financial system. Its value is completely determined by exchanges and speculators. If those exchanges and speculators turn on you, your gold is worthless.
In a collapse scenario, preserved working technology will be the currency. A single water filter or solar panel will be worth more than 100 pounds of gold. Your best bet would be to trick someone into trading something actually valuable for your gold as soon as possible, but since that would be an incredibly bad trade for them, you might as well just rob them at gunpoint.
First gold ETF's are part of the financial system. Gold, stockpiled elsewhere, is a deflationary pressure that prevents the financial system from trading it. Same reason the banks don't want you withdrawing all your cash.
Second, gold is valued as a trading mechanism and a preservation of value. You are worried about a complete and total civilizational collapse (which isn't what I'm talking about). It is, literally, a money. Money is always preferred more than bartering to resolve a coincidence of wants, rather than having a medium to preserve value. This is why all human civilizations have invented a money mechanism (even if it wasn't gold). Whatever value a working piece of technology would have, can be identified in units of gold. That's the whole point.
Third, in a complete and total civilizational collapse, a solar panel is utterly worthless, as there will be no mechanism of repairing or maintaining it properly. Most of your electronic devices would be worthless, as there would be no way to maintain an electrical grid. You would have to revert to an early industrial state, which all hilariously used gold as a form of both currency and money.
I don't agree with this happening. That said, I don't think it is the covid stuff alone that brought this on. Mercola is a snake oil salesmen of the highest caliber and he has been to court many times because of it. I've had family members die while using his unorthodox holistic bullshit that was costing as much if not more than the copay of normal cancer care. I'd imagine that Mercola is a constant litigation risk.
Mercola also knows how to play the game. If he can turn it into a culture war and censorship issue, he comes out on top and he'll have more traffic from fat, unhealthy, chain smoking boomers than ever before.
Still. I don't agree with it happening. Nobody is going to sue the bank and win because of him holding an account there.
I don't agree with this happening. That said, I don't think it is the covid stuff alone that brought this on. Mercola is a snake oil salesmen of the highest caliber and he has been to court many times because of it. I've had family members die while using his unorthodox holistic bullshit that was costing as much if not more than the copay of normal cancer care. I'd imagine that Mercola is a constant litigation risk.
That's interesting context, still, why should the bank care?
Well, as I stated, nobody is going to win if they sue the bank for hosting the accounts of this company but that doesn't remove the legal cost of defending against these lawsuits. These lawsuits will also raise the premium of the bank's legal insurance. I also imagine a lot of family members of elderly people initiate chargebacks against Mercola. When a single company causes such a nexus of issues that cost the bank money, they're prone to jettison the client.
but the state forces you to use them,has police that will literally steal your money when they can and threatens businesses not to take cash so all those problems will need to be dealt with.
A bank should never play moral arbiter about the views or lawful actions of its costumers. Only abide by the law, and constitution if a new law violated the constitution.
Oh, I'm sorry, you mean the retail section of JP Morgan Chase?
Learn who your enemies are, kids. If you have a JP account, or a BofA account, recognize you are dealing with an enemy faction. Same with Mastercard, by the way.
More and more, I've realized my investments in metals are not investments, they are a life-line. Be Your Own Bank.
Ah yes, if you run into trouble you can always sell your gold at Goldstein's gold emporium. He's a great guy and has nothing to do with the banking system.
pairs well with brass
Gold and silver will carry you as far as you or others care to maintain consensual exchange. Copper, brass, and lead are the metals which will save you when that day comes.
Honorable mention to steel, preferred brass substitute of the 20th century regimes who cared not one whit for the consent of others.
Like the old days, gold would be for bigger transactions like buying land. Silver, or other lesser metals, would be for ordinary transacations.
Your effort at racializing the problem to promote people's dependence on the financial system makes you an enemy, not a friend.
Gold is part of the financial system. Its value is completely determined by exchanges and speculators. If those exchanges and speculators turn on you, your gold is worthless.
In a collapse scenario, preserved working technology will be the currency. A single water filter or solar panel will be worth more than 100 pounds of gold. Your best bet would be to trick someone into trading something actually valuable for your gold as soon as possible, but since that would be an incredibly bad trade for them, you might as well just rob them at gunpoint.
That's hilariously stupid and ahistorical.
First gold ETF's are part of the financial system. Gold, stockpiled elsewhere, is a deflationary pressure that prevents the financial system from trading it. Same reason the banks don't want you withdrawing all your cash.
Second, gold is valued as a trading mechanism and a preservation of value. You are worried about a complete and total civilizational collapse (which isn't what I'm talking about). It is, literally, a money. Money is always preferred more than bartering to resolve a coincidence of wants, rather than having a medium to preserve value. This is why all human civilizations have invented a money mechanism (even if it wasn't gold). Whatever value a working piece of technology would have, can be identified in units of gold. That's the whole point.
Third, in a complete and total civilizational collapse, a solar panel is utterly worthless, as there will be no mechanism of repairing or maintaining it properly. Most of your electronic devices would be worthless, as there would be no way to maintain an electrical grid. You would have to revert to an early industrial state, which all hilariously used gold as a form of both currency and money.
I don't agree with this happening. That said, I don't think it is the covid stuff alone that brought this on. Mercola is a snake oil salesmen of the highest caliber and he has been to court many times because of it. I've had family members die while using his unorthodox holistic bullshit that was costing as much if not more than the copay of normal cancer care. I'd imagine that Mercola is a constant litigation risk.
Mercola also knows how to play the game. If he can turn it into a culture war and censorship issue, he comes out on top and he'll have more traffic from fat, unhealthy, chain smoking boomers than ever before.
Still. I don't agree with it happening. Nobody is going to sue the bank and win because of him holding an account there.
That's interesting context, still, why should the bank care?
Well, as I stated, nobody is going to win if they sue the bank for hosting the accounts of this company but that doesn't remove the legal cost of defending against these lawsuits. These lawsuits will also raise the premium of the bank's legal insurance. I also imagine a lot of family members of elderly people initiate chargebacks against Mercola. When a single company causes such a nexus of issues that cost the bank money, they're prone to jettison the client.
looking at his website can tell you that in 5 minutes.
reduce your reliance on the banking system. it despises you.
but the state forces you to use them,has police that will literally steal your money when they can and threatens businesses not to take cash so all those problems will need to be dealt with.
Chase has pulled this shit before
A bank should never play moral arbiter about the views or lawful actions of its costumers. Only abide by the law, and constitution if a new law violated the constitution.
I've been defunding them for years now. I use them for services, and keep wealth elsewhere.
EDIT: Were I to loose them, I'd hiccough, hold my breath, breathe, move on forever, and forget their name.