➡ The video discusses the increasing trend of bank branch closures in the United States, with over 100 branches announced for closure in the first month of 2025 alone. This is due to banks trying to increase profitability and protect themselves from bad loans. The video also mentions the return of “liar loans” in real estate, where income isn’t verified, leading to a high percentage of people not paying back their loans. Lastly, it touches on the rise of streaming services and their impact on traditional cable TV, with Apple reducing its content budget from $5 billion to half a billion this year.
➡ The rise of artificial intelligence (AI) is expected to replace several jobs in the near future. Companies like Starbucks, McDonald’s, and Chick-fil-A are investing heavily in AI to automate tasks. Jobs at risk include warehouse workers, librarians, ride shares, customer service reps, cashiers, referees, translators, computer programmers, and dispatchers. AI is also being used in construction to estimate costs and time for projects, and in emergency services to respond faster and more efficiently.

Hey, it’s Dan. Welcome back. This is IAllegedly, and I’ve got a good one for you today. Is your bank going to close? Please hit the like button. Please subscribe to the channel. A lot to cover in this video. But think about this. In a five-week period from February 7th to March 14th, there were 137 branches that were announced for closure in the United States. You can say, TD Bank, we talked about other banks. But prior to that, there was well over 100 that had already been announced in the first month of 2025 also, which is staggering.

Now, here’s the thing. 2024 was the biggest month for bank branch closures, and we had 1,024, which was a lot. And what you’ve seen since then is just it escalating out of control because of profitability and what the banks are trying to do to make sure that they’re not going to lose money. Now, so much is happening. I want to give you some of these branches. Chase Bank is closing branches. Bank of America, largest bank right now is Flag Star Bank, announced the most. They’re 44 branches that they’re going to close, and that’s more than the 38 that we heard from TD Bank here in the States.

But you’ve got TD Bank saying, hey, we’re fine. We still have 1,000 branches around the world. It is anticipated that you will lose the bank branch 100 percent by 2041, which doesn’t seem that far away when you really think about it. But they are trying to steer everybody away from going to the branch and dealing with people. And there’s all this mathematical equations that, you know, only 9 percent of the people have ever walked into a branch in the last year, which I don’t believe. I don’t know how you don’t go to your bank.

I don’t know how you don’t talk to people at the bank. We’ve talked about this. You should have a relationship with the bank so that there is not an issue in case you ever need anything from that. But the biggest problem right now are bad loans. These banks know that they have customers that have credit card loans and, you know, regular business loans that people are not paying on. And with that, they’re trying to protect themselves. And how can we make more money? You get people in Congress talking about, let’s lower interest rates to 10 percent.

Let’s low, you know, lower overdraft fees. And it’s just not working. It’s been delayed, delayed, delayed. But the branch closures are a real big deal. The other thing that blew me away is that the liar loans are back for real estate. You can go out and you can basically do a stated income loan where they don’t verify anything. Who would do that? Now, I found a great article out of Australia where this is a real problem because the highest percentage of people that are not paying their loans are the people that have these stated income loans.

Why is that? Well, because they lie. They go, honey, we’re going to make more money. We’ll get more over time. I’ll sell more at the business. And people just cut a kid themselves. And you know, it just does not work when you do that. So they anticipated that already 10 percent, since they reinstituted this in Australia, 10 percent of the loans have been those liar loans already. That’s wild. You guys can sit there and say that that’s no big deal. It’s 10 percent too many. This is the kiss of death. Now, I’ve met people recently.

I was on a cruise ship and somebody said, hey, we bought a house and we don’t care if it goes up or down because we paid cash for it. OK, well, that’s different. That’s you don’t you know, it’s not like you sit there and have to work 60 hours a week to pay for the thing. And you’re not worried about the heating bill, the electric bill or anything like that. But this is wild because you’re seeing more and more of these branches close down. They anticipate that you could see in 2025, there could be well over 2000 branches go out of business and shut down in, you know, around the country.

That’s just wild. When you think about that, guys, it’s way, way, way too much. And I’m always blown away by that. So Sandander, Santander Bank out of the country, they just announced 95 more closures. I found a great interactive map that, you know, you can click on. It’ll tell you which branches are closing in the areas. Now, you can look at, you know, places like San Francisco where they have crime and horrible things like that. And yes, that adds to it. And it’s a joke because, you know, no, you shouldn’t shouldn’t even go outside.

It’s funny, I was at the post office today and some guy walked up and people don’t talk to him. Don’t talk to him. I’m like, who are they? Are they talking to me? They’re talking to him. They’re talking to the guy that was assaulting people asking for money. And, you know, it’s you got to be safe wherever you go, guys. So the other thing is, you know, all the bank branches that are closing, that’s a big deal. And, you know, you’ve got all these five, this five weeks, all this stuff happened. Wells Fargo Bank, now, these guys cannot stay out of trouble.

Wells Fargo Bank just issued a settlement for 20 million dollars where they’re going to give money to people that tried to sign up for new accounts because they take the phone conversation without your knowledge. Isn’t that terrible? So if you went and you called and you asked questions to Wells Fargo, look at the story below and see if you’re eligible for any money, because that is terrible right now. And, you know, it’s such a problem with these banks that have all these different things that they do to break laws. And, oh, we did this taping.

We did this illegal activity for training purposes. Who believes that stuff? Nobody does. Nobody does. So another settlement. Starbucks can’t get out of their own way. They’re going to maintain their DEI programs, which it seems everybody’s getting rid of. And now there’s a new Chinese coffee company called Luckin, L-U-C-K-I-N, Luckin, Luke and Luckin, that’s coming to the states. And they started with 10,000 branches and now they’ve got, you know, almost 30,000 branches that sell coffee and they’re going to do the same thing in the states now. So, again, I get a kick out of things that people do that just don’t make sense, but just don’t make sense.

You know, Target has made all these mistakes. And what’s happening is that in the new year, I think there’s a new sense of like, let me tell you what I think. And I’d love to make a video like that. But the point is that people go on their website, Target’s website, and I get things sent to me. Hey, go to Target’s website. Look at all the comments in the videos, how funny this is, because people are just not holding back right now. They’re sick of it. They’re tired of all this. And, you know, it’s, I think they’re just tired of the nonsense right now.

That’s what I think. So, the streaming wars are going on right now. And Apple, Apple’s really suffering right now, which you guys, I mean, think about this. You can go out there with, and basically you can have Paramount TV. You can have Disney. You can have Netflix. You can have all this stuff every single day. You could be buying something new, Warner Brothers, Disney, all that stuff. And you could be spending more on that than you on cable. But, oh, there’s different content, you know, on this and on your regular direct TV.

Well, Apple originally spent $5 billion on content, which is a staggering amount of money, guys. It really, really is. And right now, they’re only going to spend, you know, half a billion this year on it. Is there anything you can’t live without on Apple TV? You know, here locally, we had a place called Bally’s, which was a network, and it carried my angel. So, every night it would tape the angel game. If I wanted to watch it, I could watch it in the background while I was working. Well, they went bankrupt, and now they’re owned by FanDuel.

The betting site owns the local place. But, again, do you have all this stuff? Do you guys spend money on all the different streaming places? Because, man, it is wild how much money you could spend on all this stuff. And I just think, I don’t know what’s worth it anymore. I really don’t. I have all the movie channels and all that stuff. And every now and then, I just sit down and tape a bunch of movies and watch them over and over again. But let me know what you think so far. It’s nice to see the Goodyear blimp out and about.

There’s a golf tournament in Newport Beach this weekend, and I believe it’s flying there. But, one thing I want to remind everybody is that we have a private channel called iAllegedly Live, and you sign up at iAllegedly.tv. It’s all the uncensored stuff. We can’t talk other places. Check that out. And I want to finish with something Dr. Marvin sent me, which is fantastic. And this is 10 jobs that are going to go away. I am telling you guys, this AI is going to replace so many things in our lives. When you hear about, you know, there’s AI stories that I don’t even share.

And here you’ve got Starbucks. You’ve got Chick-fil-A. You’ve got McDonald’s. All these companies are spending big, big money to have AI in their lives and in their companies so that they can get rid of people. And here’s 10 positions that are going to go away very soon. Warehouse workers. Automation will get rid of that. Librarians, they’re next. The number three, ride shares. You’re going to have autonomous taxis. Whether we like them or not, that’s going to be a thing of the future. Customer service reps. I’m telling you guys, right now, when you call places, you are talking to robots and AI so many times, and people don’t even realize that.

So that’s happening. And it’s happening more and more. You can tell the company to spend a lot of money on it because it sounds like a real human being. Cashiers. Of course, we’re going to go with a cashless society someday, so you won’t need to deal with that. And referees. See, I, for one, don’t like automated referees, automated strike zones. I think that we need to have the human element in this. And they’re talking about next year in football, NFL is going to have it. So when they do the first down markers, those are going to be all done through a computer and through AI.

And the guys in the field are basically going to follow what AI tells them to do, which I think is ridiculous. And you think the National Fallon League would be better. Translators. You don’t even need that right now. I’m telling you, there are things you can buy right now. You can put them in your ears and somebody can speak in another language, and it will translate to the language of your choice. English, Spanish, French, whatever. Computer programmers, they say that that’s going to be a thing of the past. And number 10, the job that’s going to go away the quickest is dispatchers.

And here’s the thing with fire departments and with emergency rooms and things like that, the days of you having to beg and plead and get somebody out here, it’s going to be much faster. Plus, you’re going to have drone activity now they’re talking about protecting these cities in such a way that they’re going to know when trouble strikes, especially with big events, New Year’s Eve, and holiday parades, and things like that. So let me know what you think about this. If you think this is done, I mean, in construction, it’s going to be a thing of the past because there are already programs that will look at blueprints and tell you exactly what it’s going to cost.

There’s an AI program that was sent to me that’s very cool that you can take the picture of something. And you can say, I want to rebuild this and take a picture of it, and it will give you an estimated cost and time of what it would be. Now, from the contractor standpoint of view, it’s like, this is only a three hour job. I don’t want to do that. Or it’s going to get the handyman out there, that type of thing. Let me know what you think about all this. And I’m telling you guys, have a relationship with your bank, have a relationship with your credit cards.

Discover and Capital One are going to merge. If you guys have banking with them, who knows what’s going to happen with that. If there’s going to be a shutdown or not, I’m going to assume that there’s going to be consolidation. Those cafes, those Capital One cafes, it’ll be interesting to see if those stay open or not. So let me know what you think. Hello, what I allegedly is the email address, and I’ll see you guys very soon. [tr:trw].

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