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The Water Cooler
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New Banking Rules?!?
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<blockquote data-quote="TwoShoots" data-source="post: 4269218" data-attributes="member: 56265"><p>Yellen taps postal retirement funds to pay to keep the government open, with promises to "make whole" later. If we're at war or another scam-demic, don't trust them to keep their paws off your funds if you bank with big banks. </p><p></p><p><a href="https://www.investmentnews.com/regulation-and-legislation/news/treasury-taps-retirement-funds-to-avoid-breaching-debt-limit-232942" target="_blank">https://www.investmentnews.com/regulation-and-legislation/news/treasury-taps-retirement-funds-to-avoid-breaching-debt-limit-232942</a></p><p></p><p>The bank owns any of your deposits, legally. It's not yours after you give it over. (Start reading at Your Money Becomes the Bank's)</p><p></p><p><a href="https://www.huffpost.com/entry/too-big-to-fail-banks-can_b_9546472" target="_blank">https://www.huffpost.com/entry/too-big-to-fail-banks-can_b_9546472</a></p><p></p><p></p><p>You now have to register ANY BUSINESS, as long as it's a SMALL BUSINESS including mom and pop businesses (big businesses are exempt) with the Federal Reserve's armed enforcement department every year or face Uncle Sam. Registration doesn't care how your business operates, they only care that you list every one of the people that may get money from your business. </p><p></p><p>Several Oklahoma business owners dont even keep up their business registration with the state, much less the feds. </p><p></p><p><a href="https://www.forbes.com/sites/joshuastein/2022/12/12/massive-new-federal-reporting-requirements-will-start-in-2024/?sh=4dad676f2382" target="_blank">https://www.forbes.com/sites/joshuastein/2022/12/12/massive-new-federal-reporting-requirements-will-start-in-2024/?sh=4dad676f2382</a></p><p></p><p>Just food for the brain...Local banks are best.</p></blockquote><p></p>
[QUOTE="TwoShoots, post: 4269218, member: 56265"] Yellen taps postal retirement funds to pay to keep the government open, with promises to "make whole" later. If we're at war or another scam-demic, don't trust them to keep their paws off your funds if you bank with big banks. [URL]https://www.investmentnews.com/regulation-and-legislation/news/treasury-taps-retirement-funds-to-avoid-breaching-debt-limit-232942[/URL] The bank owns any of your deposits, legally. It's not yours after you give it over. (Start reading at Your Money Becomes the Bank's) [URL]https://www.huffpost.com/entry/too-big-to-fail-banks-can_b_9546472[/URL] You now have to register ANY BUSINESS, as long as it's a SMALL BUSINESS including mom and pop businesses (big businesses are exempt) with the Federal Reserve's armed enforcement department every year or face Uncle Sam. Registration doesn't care how your business operates, they only care that you list every one of the people that may get money from your business. Several Oklahoma business owners dont even keep up their business registration with the state, much less the feds. [URL]https://www.forbes.com/sites/joshuastein/2022/12/12/massive-new-federal-reporting-requirements-will-start-in-2024/?sh=4dad676f2382[/URL] Just food for the brain...Local banks are best. [/QUOTE]
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