In case you are wondering why your local banks are constantly changing names from traditional names to ones with names like PSB, First Fifth and Our Citizens First, it is because China is steadily taking over United States banks one at a time.
The Chinese have loaned the United States billions and billions of dollars...our own dollars from buying cheap products in just about every store in the country. Now their banks are creeping in.
No, you won't see any Chinese people at your small town bank. They make the deals and turn it over to the bank 'President' to take care of their bank. Of course, in return for good pay, he reports to them on everything that is going on and can send it my e-mail.
However, how long will it be until enough banks are owned before they begin offering you special deals on Chinese products, especially when their auto industry kicks into high gear?
Some people who know what is going on are asking their representatives in Washington why the US doesn't declare a bankruptcy and begin all over again? That's what individuals do. But most think it would set off a panic and that bankruptcy is not the solution...even though our government is very near to being bankrupt in fact, already.
So when you see the old bank signs go down that have been there for 50-100 years, pay close attention to the unusual generic names.
When you do, congratulations, you have just become the customer of the Bank of the People's Republic of China.