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.
But it seems like they are getting in on the game.
Do you think Bill Gate$ is going to be raising inorganic, non-GMO crops on his farmlands?
It’s like buying DOS and then letting it be easily infected by virii.
You think he will be growing heritage seeded crops of lower yield?
All the more reasons why I’m going to keep stacking silver regardless of any news from the “wordly” media. People who possess physical silver are sitting pretty and people who have “paper” silver are very nervous right now. This economy is in clear and present danger of failing drastically.
I agree Paladin2. That’s why I’m going to keep stacking silver regardless of any news from the “wordly” media. People who possess physical silver are sitting pretty and people who have “paper” silver are very nervous right now. This economy is in clear and present danger of failing drastically.
how many here would drop there bank and switch to what ever the founder of gab buys. I my self would switch if there was a usable Branch where I lived. I think it would surprise the bigger banks how many accounts they would loose if a viable alternative was offered.
The problem is that the bank clearing houses would then not work with their bank, just as ultimately the telco companies will refuse to accept Gab's data packets.
The only two options I see available to conservatives are surrender or start studying the French Resistance.
We’re going to have to build a parallel universe.
The financial controls of the fed are very much the problem. without secession just simple independence is impossible without it. There used to be local banks. There were several in my neighborhood. Knoblonk i think the name was. The state via fed shut them down years ago.
It is time to “ban” banks, PayPal, and any other entity that “Bans Gab!”
Stop their revenue and they should wither off of the vine.
I deal with no banks. My Credit Union is a Company trust.
I have no mortgage and will soon end my credit cards with banks.
The Donald J. Trump National Bank?
This could attract 70 million depositors overnight, just guessing.
.
Does anybody writing these articles have the good sense to provide the names of these banks, so that I can be sure to ban them?
It does not have to be in Gab’s name, just someone willing to do business with Gab.
100%
Banks serve at the pleasure of the US Congress which regulates them up the butt. In return, almost all pols get financial support from the banks.
There is nothing “free market” about the banking biz. They can destroy completion in a heartbeat.
Peruse later.
Industrial Banks are eligible for FDIC insurance, but it does not appear that Kracken has it.
Everything should be fine -— until it isn’t.
“Industrial Banks are eligible for FDIC insurance, but it does not appear that Kracken has it.”
Have you read the bank charter?
Ageed.
Another excellent site was give a short notice that they were being off of wordpress. It took a lot of focused hard work, and two or three versions, but they kept the campfire burning.
There must be some TReepers who can Jim some confidential advice.
I’d be careful with that idea. After Gab makes the investment the other banks might just lobby the FED to cut the bank off. What would you be left with?
Probably Gab should make a grand announcement that subscribers can pay their fees with various crypto-currencies. It might be the only way to win this battle.
I read stories here:
https://www.bankingdive.com/news/crypto-exchange-kraken-wyoming-banking-license/585514/ “
“Deposits won’t be insured by the Federal Deposit Insurance Corp. (FDIC)”
https://www.buybitcoinworldwide.com/exchanges/kraken/
“Kraken is not FDIC insured.”
https://www.coindesk.com/kraken-crypto-companies-banks-evolving-together
“It also is not required to have FDIC insurance”
I also looked for Payward on Bankfind, and didn’t locate it on the FDIC run database there.
If you have something showing FDIC insurance, I’d be happy to look at it.
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