Canada Isn't Alone in Using Debanking As a Weapon Against Political Opponents

Townhall.com ^ | February 23, 2022 | John R. Lott, Jr.

[kanawa]

Reminds me of NCR in Waterloo, Ont.
Everything seemed fine but out of the blue everything moved to China.

[Bob434]

Wouldn’t it be great if conservatives had enough money ey to open a whole large line of banks and could say to folks “unlike in liberal run banks, your money is your money, and we will never try to steal it from you like the left is attempting to do now in America. Your money is always safe In Our banks!”

[Bob434]

Like the poster above you said, this woild,cause a massive run on banks, with people canceling gmtheir credit cards and such as well, and closing their accounts, it woild cause a crisis...

Greece tried this with their citizens, and the citzens revolted and did massive countrywide shutdowns of major throughways, and forced their government to stop the practice/theft years ago. Same thing would happen here as well. People all over the country would refuse to even goto work since the government is stealing their money anyways, and the nation would be crippled

[Thommas]

As Biden continues to implement these policies and the prices of gas and guns rise, he can’t just blame it on these companies
suddenly becoming greedy.

Sure he can. Who will dispute the ethics of such a move, the press?

[butlerweave]

The RCMP are rushing to unfreeze accounts ,someone must have finally talked to a lawyer and found out YOU CAN’T DO THAT

[GingisK]

If they do it to me, I will go hunting.

[taxcontrol]

I highly recommend that as part of prepping, patriots learn to barter, prepare to barter and have a basic understanding of crypto currencies. You dont need to invest if you dont want to, but knowing how to use them might come in handy in a few years.

[UnwashedPeasant]

Fascism is a partnership of government and corporations.

It differs from communism in that the government does not own industry.

A fascist government punishes or rewards companies based on their participation in the fascist system.

[rednesss]

There is no way to freeze a “crypto” wallet. By design, they are decentralized networks that nobody is in charge of.

[bgill]

It is easier and probably safer to bury your money in the back yard.

[realcleanguy]

I can see the Democrats doing this

[realcleanguy]

The question is, would the WH cripple the nation as they are about to go to war against Russia? Which would be the worst disaster.

[realcleanguy]

I’m with you, but how long will the game hold up?

[Wallace T.]

With virtually no exceptions, state chartered banks are regulated by either the Fed or the FDIC. State banks are by and large subject to the same regulations as national banks. Most proposed regulations are issued jointly by the OCC (national banks), the Fed (state banks that are Fed members) and the FDIC (state banks that are not Fed members).

While the largest U.S. banks are largely National charters, there are several banks with more than $100 billion in assets that have state charters. In some states, e.g. New York, the state banking department is more aggressive and anti-business than their Federal counterparts.

SEC regulations affect publicly traded banks only.

[GingisK]

Not long. It will help in whatever small measure.

[Elsie]

Canada Isn't Alone in Using Debanking As a Weapon Against Political Opponents

THEFT!!!

[Elsie]

By design, they are decentralized networks that nobody is in charge of.

Yeah... Sure...

[MrKatykelly]

Agreed. Still prefer State Banks.