Posted on 07/10/2023 1:29:38 AM PDT by spirited irish
A major leader of the Brexit movement, Nigel Farage, has just had his decades-old bank accounts closed, allegedly for “commercial” reasons, while seven additional banks have apparently refused to have him as a customer.
Until we have independent evidence of what is really going on with Farage’s accounts, we cannot definitively rule out the possibility that the bank has closed his accounts for legitimate commercial reasons. But even if this particular account closure had nothing to do with political prejudice, there is no denying that the past couple of years have produced more than one isolated incident of banking services penalising customers for political or ideological reasons.
(Excerpt) Read more at patriotandliberty.com ...
Since the Canadian trucker freeze, I’ve drained accounts, leaving only the amount I think I can afford to lose. It showed me all I need to know about the ability, yes, and the willingness, of gov’ts to control us by that method.
I’d drain it all except that I find banks incredibly useful when it comes to managing household finances that are routine and regular.
We’re never free when dependent on deposits held by others than God.
Wise move.
Where to drain to? It seems like there’s risk everywhere. Lately I’ve even considered buying vintage farming equipment.
Where did you put the money you took out? Just curious...I understand why you did it. Thanks.
People who say things like that - "Takin' all of my money out of the corrupt banks!" or "Leavin' the ray-cist U.S.!" - never offer an alternative, never specify where they are re-investing their money, or in what foreign land offering greater freedom and racial equality they are re-locating.
Regards,
You are generally correct but I have read that some people have taken money out of banks and purchased land or a 2nd house, for example. While these items are not liquid, they do have value and can appreciate (albeit both have costs associated with them in the form of yearly real estate taxes). Both are options to use money that you do not need for daily expenses.
Canada and Britain have far more concentrated financial markets. Only six banks hold 90% of deposits in Canada. The provincial governments lack the degree of autonomy, including tax and police powers, that American states enjoy. Britain, or at least England, is a unitary government. Imposing ESG and DEI on the U.S. financial system is more difficult. Blackrock and its cohorts may support DEI and ESG initiatives and the money center banks have these policies, by and large. However, these banks know that, if a borrower like a gun manufacturer or an oil company is denied credit, they will simply go elsewhere. If a company is really big, like Anheuser Busch, that may not be an option due to the size of their operations.
If the Democrats hold the Presidency and the Senate and retake the House, things could change in 2025.
.
I’ve always wondered what to do with the money if you drain your bank accounts. Buy gold? Keep cash under your mattress? Asking for a friend.
Bake the cake, ye banks.
“ Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. ” — Henry Kissinger 1974
An “unintended consequence”, as is often wrote in history books, may see people embrace the BRICS new gold back currency.
Never forget that banks are regulated by governments and almost certainly prefer to not have to deal with the hassle of getting into spats with public figures (and likely don’t even know which ones need to be taken out). But banks will literally DO ANYTHING requested by their government, as the government can make life VERY, VERY, DIFFICULT for a bank, especially a bank, if they so choose - whereas canceling accounts, even relatively large ones like Nigel’s, are literally, rounding errors, as to the impact.
So it ALL starts with the government. Someone in the ‘Conservative’ Party in the UK decided they didn’t want to debate Ukraine policy with him, or something like that...so they had him ‘unpersoned’.
As Freeper migraine pointed out, Canada showed the future with their despicable treatment of protestors. And the USA isn’t far behind them, since the Deep State has learned they can wipe their butts with the Constitution, and nobody will call them out on it.
That’s a right smart criticism of my post.
I think people refrain from telling others of good alternatives for parking assets do so because any of us can be traced (by this very forum, if need be). And it is just ill-advised to advertise the whereabouts of same.
Let me put it this way: buying land is a loser over time due to property taxes. But there are some states with very low tax rates on property: e.g., Alabama, Arkansas, Arizona (just to list some of the A-states). Farmland w/ water sources would be an obvious plus. The land angle is good because it cannot be easily stolen. And it’s always where you left it last.
Answering, having asked a friend: reliably watered farmland where property taxes are extremely low seems a very good place to park assets.
Land being quite illiquid, though, a guy might want to augment that w/ some metals, strategically hidden (I’m not very good at that part). The metals would include a good supply of junk silver for spending (judiciously and clandestinely) when the SHTF. Anyway, that’s what a guy I know (who knows a guy) hinted to me.
Not allegedly.
Courts is a highly exclusive private bank that requires you to have £1 million invested with them or have £3 million in debt with them.
Farage had neither so was offered to have his account changed to a Natwest (the parent bank of Coutts)
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