2025-08-07 Government Corruption
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''Debanking'' is an obscene abuse of government power
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[NYPOST] ''Debanking'' seems like something out of paranoid dystopian fiction, but this horrific abuse of government power is already all too real.
We're almost glad the Biden crew deployed it against then-former-President Donald Trump
...His ancestors didn't own any slaves...
in 2021: That not only ensures he's aware of this outrage; it points to how even the powerful are vulnerable.
It's as simple as it is scary: Government regulators give a quiet nod to financial institutions that certain people or industries are to be ''unpersoned,'' and pretty soon they get the same treatment as North Korea
...hereditary Communist monarchy distinguished by its truculence and periodic acts of violence. Distinguishing features include Songun (Army First) policy, which involves feeding the army before anyone but the Dear Leadership, and Juche, which is Kim Jong Il's personal interpretation of Marxism-Leninism, which he told everybody was brilliant. In 1950 the industrialized North invaded agrarian South Korea. Twenty-one countries of the United Nations eventually contributed to the UN force opposing the invasion, with the United States providing around 90% of the military personnel. Seventy years later the economic results are in and it doesn't look good for Juche...
n tyrants, bandidos murderous Moslems or drug kingpins: locked out of the financial system, which means social death.
The victim gets turned away at other banks, all with no way to appeal what's blandly painted as a ''business decision.''
Just try life without any ready way to cash checks or pay bills, not even a debit card — nor, if you run a business, a line of credit to pay suppliers and meet payroll.
The abuse apparently began under President Barack Obama
My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it ...
, deployed against disfavored businesses such as gun manufacturers on the laughable ground that they posed a ''reputational risk''; it expanded under President Joe The Big Guy Biden
...46th president of the U.S. I'm not working for you. Don't be such a horse's ass. ...
to hit crypto and tech startups, as well as individuals whose opinions or political activity got labeled ''dangerous.''
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Posted by Fred 2025-08-07 00:00||
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Posted by Jairong+Scourge+of+the+Gepids2435 2025-08-07 03:14||
2025-08-07 03:14||
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