Posted on 03/06/2021 2:55:29 PM PST by SeekAndFind
Last month, Gab CEO Andrew Torba revealed that the New Tech site had been banned from three different banks in the space of three weeks. On Friday in a statement posted online, Torba confirmed that yet another bank had banned the site from its services. “It’s getting to the point where we are seriously considering buying our own bank,” Torba said. “Funny how this started happening right when Biden got into office,” he added.
We were banned from the 4th bank in 4 weeks today. It’s getting to the point where we are seriously considering buying our own bank. I’m not kidding. Funny how this started happening right when Biden got into office.
— Gab.com (@getongab) March 5, 2021
As National File reported, one of the banks had expressly confirmed that they could no longer do business with the New Tech site because of “all the bad things the press has written about Gab,” with media reports claiming that the site is an “alt-right social media network,” a “haven for extremists,” and even suggesting that the site “leads to violence”:
“Gab follows the law and operates a legal business in the United States,” Torba told National File. “We sell hats, shirts, and a software license to our GabPRO service. We have a community that respects law and order. Yet we have banks and other services banning us left and right.”
Torba encouraged anyone who believes in free speech to “seek out Christian banks and local credit unions, and to stop doing business with banks that do not share or support American values.” He argued that it won’t be long before “churches, businesses, and individuals who refuse the woke orthodoxy of critical theory that has consumed every corner of our culture” will also be refused service by banks.
“We must proactively cancel them all before they cancel us,” Torba concluded. The banks are not the first financial service to have rejected and “cancelled” Gab – in 2018, PayPal terminated their relationship with the free speech social network.
National File contacted Gab for comment on this story, and will update this article if there is a response.
Beginnings of a civil war!
That sound like an opportunity to get indicted for money laundering. The Feds have not spent a generation turning the banking system into an adjunct of the DOJ to see that power slip away.
Which banks?
An ideologically driven denial, rather than a safety and soundness reason, by a Federal agency would not stand up in court. However, the organizers better have very deep pockets.
In some UN refugee camps in the Middle East iris recognition software is used to identify people in the camps. Supposedly this is a good thing, since many people do not have any ID.
In reality it is used to control the people totally. In order to buy food you checkout using your biometric ID, debiting money from your monthly stipend. Access at the gates is done the same way.
Refugees register their biometric data with the UNHCR, and if they are eligible for aid are able to go to any ATM of UNHCR partner Cairo Amman bank, scanning their iris at the ATM to take out the money they need from specially-created accounts stocked with a monthly allowance. They can even buy food with an iris scan, using devoted machines at supermarkets both in refugee camps and cities.
Bitcoin is only anonymous if you purchase it anonymously, which is difficult, or mine it.
If you purchase it through an exchange like Coinbase, it’s very easy to trace.
You can use Coinbase to buy/sell right now if both parties have coinbase accounts.
The infrastructure is all there. Even if you don’t want to own any bitcoin you can login, purchase the amount you need and transfer it to the other party.
That ain’t money laundering.
Coinbase charges a 0.5% transfer fee, so you would pay 0.5% for the purchase and 0.5% for the transfer to the other party, but that’s a lot less than Visa.
“Best bet would be to go for a state charter from one of the free states. Good luck getting FDIC approval, though.”
Already been done.
“On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is now the first SPDI bank in Wyoming. According to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the state since 2006.”
https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law
bkmk
Then they will ban his bank.
Banks are licensed and regulated. They can be denied a license or banned.
THIS is the kind of thing Trump should support with his fund-raising, not wasting time and money propping up a political party of quisling traitors and gutless hacks like the GOPee. GOPee Delenda Est!
Won’t work, the Federal Reserve will pull their charter ....
It certainly would get mine!
Great question.
“It would be nice if the 3 banks were named, so that depositors could move their accounts elsewhere.”
From:
https://nationalfile.com/revealed-andrew-torba-names-two-banks-who-banned-gab-after-media-smears/
“Two of the four banks who refused to deal with Gab are NBT Bank and City National Bank of Florida.”
These God damn #&&&=#&ers.
Go to Hell, all of you.
This is really, really bad. I knew this last year was a very bad portent.
“”a cashless society.””
Bills are serialized.
Bill Gate$ could put micro dots on each coin.
I agree. Why in the world must the FDIC have anything to do with what we plan to do banking wise. Seriously.
It is time to secede. If we do it now while there is still time, we don’t have to follow federal banking guidelines. We will have our own and be the better for it.
“Micro dot”?
Our weekend is now complete.
See you Monday morning.....
Don’t be late....
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