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.
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.
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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’.
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)