Why would giant for profit companies choose to not make profit. Thats stupid. This is fake bullshit doomering
Why would giant for profit companies go along with the global Covid plan-demic, that causes them to lose millions in revenue?
I can’t pretend I know why. Like I said, I am still trying to verify but can’t make the calls until AM. It could have something to do with commercial credit. In the trucking industry fuel or the ability to purchase fuel is done on weekly basis. You are billed and true up via ACH weekly.
But even then, their credit isn't going away. And they would still need gas to sell even if personal lines of credit were disrupted. They may order less gas due to wells Fargo stopping personal lines but it shouldn't affect people who aren't affected beyond logistics of reduced trucks on the road
Let's not use How low will Fargo as a bell weather for economics.
Their closing of personal credit lines was a result of there f-ery they did with fake accounts and opening up shadow lines of credit for real customers without their knowledge.
According to CNBC, it's the latest "difficult decision" facing Wells CEO Charlie Scharf, who is being forced to make cutbacks to the banks' business thanks to restrictions imposed by the Federal Reserve years ago as punishment for the bank's criminal scandals like the now-infamous scandal whereby branch managers opened credit lines for customers without permission. a scandal that outraged the public.
"Wells Fargo recently reviewed its product offerings and decided to discontinue offering new Personal and Portfolio line of credit accounts and close all existing accounts," the bank said in the six-page letter. The move would let the bank focus on credit cards and personal loans, it said. https://www.zerohedge.com/markets/wells-fargo-infuriates-customers-abruptly-shuttering-personal-credit-business
Well, I have been hearing rumblings of the SWIFT banking system being replaced. When I hear stuff like this my mind wonders to a resetting of the banking system. These large fuel purchases all use money transfers that utilize SWIFT. What gets me is after his initial post, Hal updated with new information regarding Love's also confirming the information.
SWIFT is being replaced. No rumble. Fact. Everyone in Fintech knows. Coming to a bank near you... if the bank is still open.
Think more strategically. What effective measure could deep state corporate and government actors deploy to bring our country to a devastating halt? Planned destruction is a tool used to gain control over situations and people. This is something that Marxists/Communitsts have always used to take over countries. Temporary profit loss is a short term sacrifice for a long term gain.
I absolutely see the strategic value in being able to completely shut down our Nation's freight logistics. With those fuel carriers out of the picture, NOTHING would be delivered. NOTHING
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