
Operation Choke Point is a government program designed to target specific industries and debank them. I've written a bit about how OCP 2.0 is targeting the crypto industry, but now it looks like the Eye of Sauron might be looking at precious metal dealers.
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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.
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In a recent video interview with YouTuber T the Silver Stacker, Sherrie, a local coin shop owner in the Chicago area, opened up about her recent ordeal with her bank—Old National Bank.
According to her, not only did the bank close her business account with barely any warning, but they also went on to close several other family accounts, none of which had her name on them.
Sherrie detailed how her bank abruptly closed her account by sending a letter in the mail. Sherrie, who has been banking with the same institution for over 30 years through its various mergers and name changes, expressed her frustration at the lack of explanation from the bank.
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Dave from Coinhusker also revealed shocking news: his bank account was suddenly closed without any apparent reason. In a video posted on YouTube, Dave detailed his frustrating conversation with bank representatives who remained tight-lipped about the cause of this sudden action.
On February 9, 2023, Coinhusker received a letter from their bank, stating that the account would be closed on February 13. With only four days’ notice, Dave immediately called the bank for an explanation. The conversation was a maze of non-answers, culminating in a nebulous statement from the bank’s representative: “We did receive a notification from our BSA (Bank Secrecy Act) working group to close the account down. Unfortunately, that is all the information I have.”
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What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (VIDEO) | The Gateway Pundit | by Jim Hᴏft
Three separate coin shop owners have found their bank accounts suddenly shut down without any prior notice or explanation from their financial institutions.
