Euro Pacific bank is a scam

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I completely agree, you have to give︀ Peter a lot of credit for that, anyone else would have ran away.

All that︁ we need now is get the money back and for Peter to make a bunch︂ of millions from the defamation lawsuit against 60 Minutes Australia, that would be a sweet︃ end to this ordeal.
 
Me too.︀ Pure truth. I hope the Commissioner knew what she was doing or did as she︁ was told. Puerto Rico's banking system is finished for me. I won't transfer a cent︂ there either. By the way I have almost nothing to send now so what is︃ the difference. I believe that was the point. No one in their right mind would︄ destroy the banking system in such a spectacular way.

However, I would be careful with︅ choosing another bank like EPB. Assuming that the fault is not on the side of︆ the bank's management board, there can always be someone who wants to lay the bank︇ down. There are many possible scenarios for disaster including inside job. Dubai is currently sleeping︈ on money. This place has nothing above bussiness hub and spots for sightseieng. The geopolitical︉ situation may someday be reversed. We can wake up with hands in the toilet again.︊ I will seriously consider looking for more foreign jurisdictions considering the fact that I will︋ see my money again and depression will not be faster.

I think we should join Peter then and sue️ 60 Minutes for devastating our lives and bussinesses. In the end we all should open‌ with Peter for those milions new EPB II, but 10 times bigger. That would be‍ perfect happy end.
 
You can't sue 60 Minutes. You may be able to file a class action against OCIF,︇ but in the end I think everyone will have their money back long before such︈ a case could be tried. So the only damages would be lost interest. Not sure︉ it will be worth the expense to a contingency lawyer.

I would like to︎ provide even more, but have been told that doing so risks even further delay in️ returning customer funds. Its very frustrating, but I'm cooperating.
 
It would be a great idea to file a class action against OCIF, pretty much‌ everything the Commissioner said at the press conference turned out to be false, and she‍ didn't protect the interest of the customers, every other option than the one she chose⁠ would have been infinitely better, why would a third party like the appointed Receiver be⁤ a better option than having the owner of the bank solve the situation, it's absurd!⁣ That lady should resign, even though she was a puppet she could have handled this⁢ situation much better.
 
I understand your feelings and what you︀ say. I get it. I just don't think it helps our cause in getting our︁ money back right now.

I know it's caused me suffering and loss but I for︂ one would just be happy to get my money back and move on with my︃ life. Learn my lesson from the whole episode. I would like to move forward and︄ start living the rest of my life again .

I don't want to be stuck︅ in a courtroom for 2 years suing whoever in a court that might not exactly︆ be impartial (Puerto Rico).
 
I wouldn't consider a lawsuit before the funds are returned, but after that all︁ bets are off, and even if I also want to move on with my life,︂ I do believe in holding people accountable for their actions, this situation is causing me︃ to lose a lot of money, I'm not used to having my money stuck without︄ generating more money, but I agree that finding a fair judge in Puerto Rico is︅ probably going to be a challenge.
 
The real damage for me is I can not conduct my business at present,⁣ I have still some bills to be paid and I am repeating same shitty promises,⁢ as EPB/Quenta does, to the people that used to trust me. It is like stack︀ attack now. One leg is broken and everything is going down including my relations with︁ someone who should trust me as long as I am alive. I am able to︂ prove my annual profit from each year of my business. I am able to prove︃ the progress in rising my income. From this point It is easy to show the︄ point where I ought to be today. That is the real loss for me. And︅ taht is the real damage I am suffering. Not money but progress level that I︆ would probably reach if I would not get knife between my ribbs. I will not︇ turn back time.

I think about it all the time. Someone made a mistake here, and that's️ as sure as the sun in the sky. There is such a thing in life‌ as being responsible for your own actions. Acting to the detriment of not one entity,‍ but many entities is a matter of headlines or a separate interview in a television⁠ program. Where someone had eyes or thoughts... I have no idea. Not only other people's⁤ interests, chances and dreams have been ruined, but also the future of entire families is⁣ under a big question mark. There are certain boundary conditions in life that should be⁢ sacred. I understand someone wanted to turn off the lights in the EPB. This game︀ can't last forever. Where are our rights. I have the right to decide what to︁ do with my money, as long as it's mine. If someone acts against this fundamental︂ law, it is called a crime. So for me, it's not like I've suffered damage︃ because someone is the on/off manager and decided to turn off the lights in my︄ company as well. No Receiver and no Commissioner can decide my life. My hands are︅ clean and now the dirt shows up on other people's hands.
 
"I surrender my rights to sue OCIF for my personal damages as I was told it︄ would expedite the return of customer funds, and minimize the chance that any customer would︅ lose money" - so is that not a breach of the agreement by the OCIF︆ if they have not commtied to thier end of the deal to return cusotmer funds︇ in an expidited manner? In that case could you not sue them for breach?
 
The CEO of failed bank Credit Suisse used the same excuse as Peter Schiff:

Credit Suisse chairman alleges a “social media storm” was one of the reasons for its collapse‌​


At least the CEO apologized, unlike Peter:

Credit Suisse Chairman ‘Truly Sorry’ for Failure to‍ Stem Crisis​

 
Not the same at all. Credit Swiss had⁤ huge losses on its portfolio of investments. EPB had no losses on its portfolio. Credit⁣ Swiss couldn't handle a small run on the bank. In the year that followed the⁢ negative publicity EPB lose half of its customers. Very few if any banks could have︀ survived a run of that magnitude. But has EPB kept all deposits in cash, it︁ had no problem meeting all of those withdrawals. Credit Swiss failed due to market forces.︂ EPB never failed. It was put out of business due to government forces.
 
That comment came from︀ Btc100K, another Bitcoin psycho who is trolling social media while he waits for BTC to︁ go to the moon and it's not even a customer of EPB.
 
It is interesting, if you listen to Lynetta Zang⁠ from itmtrading where she done an interview on Canadian Prepper, she is the view bitcoin⁤ is a test case for CBDC - look at when it was introduced just after⁣ 2008 crash and the founders identity is still not known.
 
Agreed, it's just that some in the Bitcoin community are taking advantage‍ of what happend to the bank and its customers to discredit me and my views⁠ on Bitcoin.
 
You must be smiling with the price of GLD hitting $2020⁠ today...., me not so much, I had to liquidate my 25oz GLD in EPB @⁤ $1739 to facilitate this transfer out in August 2022..... OCIF must be held accountable for⁣ losses if they are to blame for this.
 
Luckily I held onto the Gold⁤ and Silver, but Qenta discontinued the Gold fund last year right when Miners were starting⁣ to pick up, and that really screwed me, the money invested in the funds is⁢ still frozen there, the system doesn't let you transfer the money to the current account.︀

Bitcoin lovers will take every opportunity they can to justify their︃ love for Bitcoin, never have I seen a little army of millennials trying to convince︄ the rest of the world of anything other than this scheme.

Question Peter, is the︅ Gold fund available through a broker such as Charles Schwab or Interactive Brokers, or Fidelity?︆
 
Guys keep to topic please ns2. If you want to discuss something off topic like‌ crypto or gold your free to open a new thread.
 
BTW... Gold was part of EPB portfolio, which had to be liquidated in my⁠ case to be able to transfer out. So for me to buy back into the⁤ same oz value, I would be at a loss now as a result of funds⁣ been held by the correspondant bank. So yes, I do think it is part of⁢ the discussion. It was also supposed to be part of the new Quenta offering for︀ customers who chose not to opt out.
 
Peter,

I am not trying to discredit you. You are doing a fine job of‌ that on your own. Martin Everson said in prior posts in this thread that he‍ believed your bank would fail (post #140) and that you would spin the narrative and⁠ blame it on the government (post #176). And that is exactly what has happened.
 
BTC100k - were you a customer of EPB? Are you currently⁣ impacted by funds been witheld by NOVO BANK? If not, please get lost as you⁢ are merely trying to troll Peter Schiff and adding no value to this discussion, in︀ this case clearly have alternate motives.

TBDH - Im am quite impressed that Peter has︁ even bothered ot engage with us on this thread and at least reassure us he︂ is involved and working on a solution. The recent updates are more than the OCIF︃ or reciever have provided.
 
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