XPost: talk.politics.misc, alt.politics.usa, alt.business

https://www.dailymail.co.uk/yourmoney/bank-closures/article-13864947/Experts-reveal-date-bank-branch-shut-worrying-closure-trend-accelerates.html

The last physical bank branch could close in a matter of years,
new research has revealed.

The last bricks-and-mortar bank could close as early as 2041,
according to a new report from Self Financial.

This date has been reached by studying the rate of net closures
across the country, which has averaged 1,646 each year since 2018.

Dailymail.com has reported on the alarming rate of closures,
revealing the locations of weekly closures reported to the
Office of the Comptroller of the Currency.

. . .

First off, human-service will be the rise of
entirely NEW banks- their #1 selling point.
Sorry, but AI/apps just WON'T DO THE TRICK even
20 years from now - they don't "get" it, can't
grasp all the human nuances, WILL steer everybody
into a few bank-favorable 'plans' that'll rip
you off and make life hell. If I'm gonna keep
lots of money somewhere it will be where there
ARE handy humans to deal with.

Second, I don't think the recent wave of closures
means what Mr. Expert thinks it does. Like with
drugstores and burger joints, for a long time if
the competition built one you made a point to
open one of your own right across the street.

Thing is, there often wasn't enough biz to really
justify/sustain all those branches - it was all
about facing-off "Them".

Thirdly, there IS some kind of recession taking
shape. The US finance picture is as bad as it
was since the dot.com and real-estate crashes
of (not so many) years past. Individual debts
are unsustainable - meaning mass DEFAULTS Even
Trump can't fix it - and Harris would make
much worse. This is coming pretty soon now.

The banks, though not logical enough to manage
loans/etc properly, ARE smart enough to minimize
their physical exposure here. Fewer branches = money
saved (to a POINT).

There ARE some people positioned to profit whether
there's great advance OR great crashes. They seem
to have considerable influence over banking. After
every crash our 'leaders' PRETEND to fix that, but
their 'donors' make sure there are plenty of
loop-holes in their new regs. This is a systemic
flaw of 'democracy', 'influence', and the only
cures are even worse than the disease. It's all
very Machiavellian under the glossy paint and
ad jingles.

(It's impressive really ... old Nick had it all
pegged-down CENTURIES ago - and the only thing
that's changed is that the REAL 'leaders' got
even better at hiding their hand)

(suggest Machiavelli's "Discourses" where he
actually EXPLAINS the whats and whys of
things found in 'Prince' and such. there's
a lot you will immediately recognize. why
do execs get 'golden parachutes' ? read it
and you'll know why)

Oh, it's not JUST the USA having a sort of
financial implosion ... pretty much all
the 'west' is just as fucked up. Just
yesterday even France finally admitted
that's it's in dire straits. The Germans
are kinda hiding it, but they're in a
pretty bad position too.

--- SoupGate-Win32 v1.05
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