civics: “debanking”
Marc Andreessen:
Forward this video to friends & family to understand just how evil the government has been
pic.twitter.com/XgRnikMK6J— Elon Musk (@elonmusk) November 29, 2024
2011-2012:
The Obama administration targets the online poker industry, pressuring banks to cut off their services to poker companies.2013:
- Operation Choke Point 1.0 begins. The Department of Justice (DOJ), in coordination with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), initiates a campaign to combat fraud by targeting banks that service “high-risk” industries, including payday lenders, firearms manufacturers, and adult entertainment businesses.
- The DOJ designates 30 specific merchant categories as “high-risk,” leading banks to preemptively cut ties with many companies and individuals within these sectors, even those operating legally.
- Michael Bresnick, executive director of Obama’s Financial Fraud Enforcement Task Force, emphasizes the strategy of targeting financial institutions and payment processors as “choke points” to combat fraud.
2014:
- Concerns grow about the chilling effect of Operation Choke Point on legal businesses, with banks facing increased scrutiny and pressure from regulators.
- The House Judiciary Committee launches an investigation into Operation Choke Point, highlighting the potential for abuse and the lack of transparency in the program.
Remember that Warren built an anti-crypto army. So of course she was willing to unbank companies! Her goal was to block you from escaping control. And she almost succeeded, if not for democracy.
