Why Put Your Money in a Bank? | I Allegedly

➡ I Allegedly discusses the issues with banks and how they handle fraud cases. It shares stories of people who lost large amounts of money due to fraud and how the banks didn’t fully support them. The video also promotes a VPN service that can help protect your online activities. Lastly, it talks about reasons why people are hesitant to buy electric vehicles, such as high costs and concerns about insurance coverage.

➡ The U.S., having the world’s leading currency, is worried about the flow of money and how it could affect other countries. If the U.S. dollar’s value decreases, it could lead to a global financial crisis. Additionally, there’s a rise in investigations and convictions related to PPP fraud, with the Justice Department already recovering $1.4 billion. Lastly, the economy is experiencing a global slowdown, with increasing vacancies in business sectors like tech, and it’s advised to save money and cut back on expenses.

➡ The speaker discusses rising construction and postage prices, expressing frustration at the increases. They also mention their personal desire for a small house with a pond, and their hope to find a good deal on it. They question the need for physical mail in an era of email, but acknowledge its necessity. The speaker ends by encouraging viewers to reach out with topics they’d like covered and expresses excitement for future content.

Hey, welcome back. I’m Dan. It’s just a beautiful day you’re watching. I allegedly, and I do have a good one for you today because I have a question. The question is, why even have a bank at this point? Please, as always, like the video, please comment. You can email us@hellogedly. com. And today we have a sponsor, private Internet access. And I will talk about them a little later.

But let’s get into this right away, because the question is, why do we even have banks right now at this point, when they don’t care about us at all? And first one is Afrida Wade. She wrote a check from Michigan to her Homer’s association for some maintenance that they did on the complex and to her home. Her share was $525. Writes a check. All of a sudden, she goes and checks her bank account, and the scoundrels had washed the check, change the payee, and change the amount to $18,000.

Wow. Okay. So she goes to her bank, Citizens bank, and says, what is this? Why are you guys doing this? And why did you pay this? And it’s just not our responsibility. We’ll look into it and check on it for you. And the check was cashed in New York City. Okay. Clearly stolen, clearly taken to another bank, but taken to Chase Bank, Citizens bank, said, hey, this is Chase bank, Ace Bank’s fault, not our fault.

And I’m like, what? This doesn’t make any sense. When you read the story, it’s been two years. She’s been trying to get the 18 grand back. They’re finally getting some headway on this because she’s going to get herself a lawyer again. If you guys have anything that’s like this, all these banks have legal departments. All these banks have social media and customer service departments that make it so that they don’t want the headache.

Now, this is bad. 18 grand is a lot of money. The worst one is Lynette Lynn Buckland. Okay. Lynn Buckland is in Florida, and she gets contacted by a federal agent. I am a federal agent. And we need to get access to your account. We know that you’ve got XYZ in the account. Somebody had got access to her bank account and knew the amounts that she had in a couple of accounts and said, you need to transfer them and buy cryptocurrency to protect yourself.

I don’t believe you did a screen call with her and showed her the badge and showed her the federal agency that this guy worked for. And she started transferring money and didn’t feel right. About it. Yeah, I bet I wouldn’t feel right about transferring $2 million of my money, which I don’t have that. But anyways, my point is, is that this woman goes out and gets completely fleeced from her bank.

She goes back and starts dealing with the bank to sit there and say, hey, wait a second. You know, I was victim of this. You guys got to help me with this. And back and forth the lawsuit. They were able to, quote unquote, what they said, claw some money back for her. So they got her some of the money, but there’s still $1. 5 million missing from this older woman’s retirement account.

This is horrific, to say the least. By the way, guys, I’m on the boardwalk. Laguna, just an absolutely perfect day. Not a cloud in the sky, no eclipse, no nothing. Okay? No chem trails either for you guys that are all constantly telling me what’s in the air. So absolutely amazing. These people go out dealing with Chase bank and trying to get herself her money back. But the point is, is that look out for people.

But why have the bank if the bank’s not going to back you up anymore? Remember two years ago, for those of you that have been around the channel, a lot of people were foolish and used Zelle, which is a money transfer program through a lot of different banks. You can pay people, transfer money, and people would call people and say, hey, your account’s been compromised. You need to, you know, send it over through Zelle and transfer it to this account.

And people foolishly did it. The banks would routinely give the people their money back. I heard of $6,000, $8,000, $13,000. The highest one was $26,000. And they sent the person the money back. Then at the end of 2022, b of A said, we’re not doing this anymore. If you fall the victim of fraud like this, this is on you. It’s a stupidity clause. Do not give your password out to anybody.

Do not answer text messages from people you don’t know. Do not just transfer money without contacting the bank. Now, these people are sophisticated. They do things that make it look like they’re the bank. That’s what they do. Okay, so recently, wells Fargo mortgage was the victim of a hack. And they’re trying to minimize this story’s below, but they’re trying to say, hey, listen, you know, this is really no big deal.

We just had a rogue employee. It wasn’t a ransomware attack. Sure looks suspicious, guys, because they sent this letter out. I’ll give you guys, a copy of what the letter looked like. But you can also see the full. The full letter below. But the point is, is that they got all of our information. They got. They got the names, they got the account numbers, everything with a mortgage.

But hey, don’t worry. We don’t think anybody’s credit’s in jeopardy. What are you talking about? Of course the credit’s in jeopardy. So let me know what you think about this. But why have a bank? Guys, why are we putting our money in these banks? There’s more to cover with this. And I’ll get into it in a second. Let’s talk about our sponsor. Private Internet access VPN. A VPN is a virtual private network.

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Check it out today. Audio, audio, audio. I found a great article on 20 reasons why people are not buying ev cars. A lot of them are the obvious things charging and. But, you know, things like that, like convenience and things like that, the range, things like that that they’re concerned with. But if you look at these 20 reasons and the stories below, a lot of this makes sense.

You know, these are expensive vehicles, and a lot of people don’t buy things that cost that much. Okay. I mean, I for one, don’t care what you drive. I know millionaires that drive old toyotas and older cars and, yeah, they’ve got a nicer car and they bought something, you know, to take the kids out and the grandkids out, you know, suv’s and things like that. But they don’t sit there and, you know, spend $150,000 on cars.

Not a big deal to these people. But when you look at the range, when you look at the ease of maintenance, when you look at the expense, you know, so many people I know that have gotten into an accident small, what they thought was a simple accident, and they’ve written me that the car is going to cost 25 and $30,000. Is your insurance company going to pay for this? And that’s the uncertainty right now, is that with insurance companies refusing claims right now, you have to make sure you’re going to get covered.

So, you know, great story. Check it out. Okay. The other thing is, bank of America is issuing pretty much a similar warning that Jamie Dimon did from the last video, and that they’re concerned about the liquidity of credit, they’re concerned about the flow of money in our system and how this may bring down the BRICS nations, which there’s a lot of people that have written me that could care less about the BRICS nations and all these different countries.

That’s not the point. The point is, is that the United States is still the leader. Guys, we have the number one currency in the world, which when you talk to more and more people, it’s worth less and less and less. And they think that it’s just a joke. So with that being said, if it goes down, you’re going to see other countries go down. So this could be an absolute disaster with the ten year bonds going through the roof right now.

You know, it’s very exciting. You know, I followed Greg Mannarino. His MMRI is right at 300 right now as I film this. And it’s going to be interesting to see where this goes and what’s going to happen. Because what happens with these banks? What happens if you can’t get to the ATM. What happens if you can’t get cash out? I have had so many people that are friends, family members, subscribers that have had situations when Canada had that problem with the Internet and they had a problem two years ago, two years ago in summer, and the Internet went down in Canada and it affected six different banks in the south of the United States.

Like, who knew? Why did this affect truest and all these other key bank and all these other banks like that? It’s because of how they were tied to the Internet and how their cloud system was based. Now, again, protect yourself. I think these banks are just, they don’t care about us. Clearly, with those first few stories you can tell, these people just don’t care where the money’s at.

They don’t care if we’re a customer of theirs. None of us are big enough to make a difference anymore. It just is not. You have to demand service from these people. But make sure you have cash on hand, make sure you have cash out of those banks because it’s going to be nothing but a problem moving forward. Okay? Mark my words on that. And again, just like those people with Key bank, and I should pull up those videos from two years ago, but these people had no idea this was going to happen.

And then it happened. And then like, oh, okay, you know, Dan’s right, I should have some money outside of it. Now, one thing that’s happening more and more and more right now is you’re seeing more and more PPP investigations and PPP fraud convictions. Now the Justice Department steps forward and they have gotten back $1. 4 billion from 3500 different people that were fraudulent, okay? And they say this is just the beginning of this because what happened was when COVID hit people said, oh, tell them you got 26 employees, tell them you got this.

Tell me no one’s going to check. No one’s going to care. And people got greedy and then they spent the money in ways that they shouldn’t have. And now these people are facing everything from having to repay the money to fines, to jail time right now. So, I mean, is this serious? You have no idea how serious this is. So these poor people that were victims of like, people, they went to like, help me get the loan and these people told them how to get it and lied to them about this.

You know, all those, all the people are going to do is, you know, you are the one that signed the loan docs, you’re the one responsible for this. So these people are getting everything from fines, jail time, having to return the money. And, you know, the Justice Department, they got back $1. 4 billion already. But there’s billions more that they’re going to collect from these people. Wait and see.

Dallas, ppP fraud. A woman, Kristen Fenrik. I love this one. She had a jewelry store, clearly, Kristen, okay, which was with a K, K and K. And she had a little tiny jewelry store business that she ran since 2015 to 2022. And then it went out of business. But she claims she had a bunch of employees. And she faces, listen to this. 45 years in jail because she went out and got herself $400,000 in PPP money.

400 grand, guys. Bought herself lavish things. Just craziness, guys. Absolutely nuts. Absolutely nuts. Just to, you know, rub it in everybody’s face. She was doing so well, and now they’re coming back for everything. So she. Because she did it multiple times. Each time she got the wire transfer. A ten year felony. Felony. Felony. Felony. Felony. Felony. How about that, guys? I mean, it’s just. It’s. It’s crazy. So $405,000 that she got.

And, you know, it’s nuts. I was walking to target last week and there was, you know, they have these guys here in California, it’s legal to have you sign a voter roll petition. Like, hey, register to vote, sign our petition. And they can collect signatures and they can legally get paid to do this. And it’s. I’ve seen it, you know, a dollar 50 a signature to $8 a signature, which is profitable if you get 100 people in a day to sign for your, you know, your clause or, you know, you know, you could make yourself some real, real money.

Now, one thing that this guy was advertising for a new law, this law would make a smash and grab robbery a felony. And I’m like, well, that’s ridiculous. Of course it’s a felony. And the guy says, no, no, no, it’s not a felony. I said, no, no, if I steal a anything, you know, it’s a felony, guys. And you know that smash and grabs are not illegal in California, which was insane.

So people were signing it and doing this, and I just thought, you know, only in California could you have that. And I didn’t want to argue with this idiot for an hour, but Governor DeSantis in Florida just passed a law on retail crime, and his is just extensive. Man, it is. It is crazy. I mean, if you steal anything, okay, and it goes over a $1,000 felony if you do a crime with five or more people, okay? Class three felony.

If you organize anything on social media, felony. So understand this. John Smith gets arrested, rips off a store, and then they go through and check your Instagram account, Facebook account, things like that. They’re going to go back after these people, after the fact, and nail them, okay, to the wall. So, felony. Felony. Felony. Class three. Felony. Three years on all that stuff. So, you know, we’ve talked a lot about the over 1 billion commercial real estate here in the United States.

That’s bad. Now, the other thing is Dublin, Ireland. One thing that I learned that was fascinating when I was in the medical space was Ireland is a hotbed for med tech innovation. Getting money, raising money. Just fabulous. Nice to be in the shade for a second, so. But it’s absolutely fantastic for that. But you have a lot of companies that even have PO boxes there just to collect the royalty checks so they can have a Dublin office because of the tax situation and everything.

But what they’re seeing now is that these offices are done. You’re seeing that they’re getting vacancy after vacancy after vacancy for all types of businesses, but mainly tech. So tech is cutting back globally right now, guys, we’re in a global shutdown for the economy. If you have not. I mean, the inflation numbers that just came out yesterday, if you don’t get it, this is not going in the right direction.

Okay? You can sit there and say, I’m gloom and doom. I’m protected, guys. I don’t owe anybody any money. I don’t have bills. I’m not going to go out and get a $2,800 car payment or anything stupid like that. You’ll know I’ve lost my mind if I do anything like that. My point is, is that cut back, get rid of everything you can right now to save money, because that’s going to be the key to survival and moving forward, you know, in the end of 2024 through 2025, because you’re going to see deals out there.

If you want to buy things, you’re going to see stuff go on sale. I spoke to an attorney yesterday who does estate, and he says, dan, this is 2008 all over again. I’m telling all my clients to reserve their cash. And he told me about the success story of a guy who mother dies, he inherits a million dollars. Not the sharpest guy, but goes out and is like, what should I do with my money? And everybody said, just sit on it.

What does he do? He sits on it. To 2011, Las Vegas was in such disarray as far as real estate. He went and bought 14 houses, 14 houses in gated communities for $60,000. It was cheaper than land prices, guys. Cheaper than the replacement prices, cheaper than the construction prices. Just, it was an absolute deal. Now, that’s going to happen again. But if you want a boat, you want a motorcycle, you want to play, you want anything nice, a second home or a vacation home.

And me, I’m looking, guys, for a small house with a pond on it. That’s what I’m looking for. And I want a deal on it someplace in the United States. But anyways, final, final story. Remember we just talked about how the stamp prices went up and how they raised the price and how they weren’t making enough money? Well, guess what? Post office just stepped forward against the final story of the video.

Seventy three cents. I want to raise it to another, another $0. 05 in the last year. It’s gone up three times in the last year, guys. Keep it going. Keep it going. Why not just make it a dollar? Okay? You know you’re gonna lose money at a dollar. But again, we have to have mail. Why even have mail? Everything’s email now, Dan. Nobody needs mail. No, you need mail.

Okay? Take a look at our sponsor. Private Internet access. If you want to get a hold of me, hellogedly. com. And if you want to, you know, please, like, please subscribe. Any topics you guys want me to cover? I got a bunch of crazy stuff people have sent me, and I can’t wait to cover it. And again, it’s a beautiful day. We’ll see you guys very soon. .

 

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