Banking On Your Future?

Banks were once secure and trustworthy. But now, your bank can close your accounts without your permission or knowledge.

Jul 29, 2023

“Because That’s Where The Money Is!”

When asked why he robbed banks, bank robber Willie Sutton supposedly uttered that famous line during an interview. Maybe true, maybe not. Sutton, taking people’s money, had nothing on the bankers of the present and near future.

Willie Sutton looked like a nice enough guy, but so does Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the US. His bank has control of your money, whether you like it or not (if you’re a Chase customer).

Sutton went to jail. Dimon won’t. His bank’s actions against other people are applauded by the ESG crowd and protected by the Contract of Adhesion we sign when we open an account with a bank. (A “Contract of Adhesion” is just like agreeing to terms of service on a website. Most people don’t read it. Of course, we’re free to not agree, but then we can’t be a user or customer. Using a website signifies your agreement; no signature required!)

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Nigel Farage—Debanked but Reinstated

On July 4, 2023, Nigel Farage, a leader of the Brexit movement to pull Britain out of the European Union, was “debanked” by Coutts, an exclusive part of NatWest Bank, one of Britain’s largest. Farage, a popular independent populist, went to the mat with the bank, waging a public battle that he ultimately won by publicizing the bank’s report on him that revealed it was his politics they didn’t like. The official of NatWest Bank who led the ambush on Farage, was forced to resign. Apparently someone saw either the unfairness of the situation or realized NatWest needed to keep its positive public image. The bank reinstated Farage’s accounts.

“Debanking”1 is a procedure concocted by banks to financially weaken or sideline persons or entities who do not follow the “rules” of the ESG movement. ESG is “Environment, Social, and Governance.” The bank simply closes all of your accounts; your money is frozen. You can follow their rules, but if you don’t bow publicly to their political ideology, your bank accounts may be in jeopardy.

ESG, originally a way of “grading” companies according to their stance on the three areas, was to be used (however unfairly) to approve or deny investment privileges. If a company didn’t agree with the “green” agendas, it wasn’t approved. If its social opinions didn’t align correctly, it wasn’t approved. And if its opinions and attitudes on government weren’t “just right,” it wasn’t approved. Banks began to use it at first on companies; then they began to use it against individuals, as is outlined here about Farage and Mercola. It’s a financial method of “cancelling,” popular with the WOKE and Leftist subcultures.

Dr. Joseph Mercola—Debanked Along With Employees

Dr. Joseph Mercola2, who is a highly respected nutrition and natural diet adviser to millions of readers, and one of many doctors who have shown strong evidence against the “vaccines” from Pfizer and others, was recently debanked by JPMorgan Chase, with no warning and no explanation.3 All of the approximately 150 employees of Dr. Mercola’s businesses, including a high-quality supplements company, had their accounts frozen as well. They were told neither they, nor their children, could ever bank with JPMorgan Chase.

To say this is a “catastrophic hardship” would be to diminish it. Imagine how your life would be affected if your access to your own money was cut off by your bank. Heartless as the pre-Christmas Scrooge, the banks (JPMorgan Chase, in this case), do not care if you need medicine, food, or shelter—for yourself or your family. They assume the authority unscrupulously and wield the evil power thus gained without mercy. They need to be disciplined.

To protect ourselves, we can investigate community banks, who work and invest in our local communities. They may be more trustworthy. (Find one near you.4)

Those “in the know” have, for months, been warning of these kinds of actions by big banks, who feel they are beyond the reach of laws or public backlash. Glenn Beck, and others, come to mind.

CBDC’s—Coming to a Nation Near You

Bad as they are, isolated actions such as those are nothing when compared to the imminent Central Bank Digital Currencies. We can expect to be pressured (if not required by our government) to welcome this soon. As of March 1, 2023, sixty-five countries were in advanced development stages, and more than twenty central banks have launched pilot programs.5 The United States is investigating and developing a CBDC program. Many think the FedNow payments system,6 started just this month (July, 2023), is a test and “familiarization” program to ease the American people into the CDBC era.

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What Does This Mean For You?

I think that the huge majority of Substack readers and writers know that CBDCs will do to our liberties, but just in case you’re still enjoying the Kool-Aid, here are a few things to be aware (and beware) of.

The government will have authority and power to control your spending
Your use of your funds can be monitored by the government
If there is another lockdown, your ability to travel can be impeded
Want to buy a sugary treat? If you’re overweight, it may be disallowed
Behind on taxes? No problem, they can just take them
Suspected of laundering money? You have to prove you’re not

That is only a partial list. Think of the implications. Your sister in another city is in the hospital, but you have bought too much gasoline this month … sorry, you’ll have to find a surrogate who can buy gas for you. You need to travel to Ecuador, where your daughter lives and works and really needs you? Sorry, you’re not vaccinated; your funds are frozen for such travel. Want to buy a firearm for self defense? Sorry, not an approved item. Same with ammunition.

Many freedoms will no longer be ours when this new banking system is adopted. If you feel this is an overreaction, consider the actions an unscrupulous, uncaring government can take once it sees the people as the enemy. (Recall, for example, the illegal actions our current government has taken against influential individuals who disagree with it, such as Donald J. Trump, Roger Stone, and others less well known.) If you do not want it, call or write your Senators and Congressional Representative and tell them. Read more here.7

"Unlimited power is apt to corrupt the minds of those who possess it"
~ William Pitt, 1770

Worldwide Digital Identification

A major effort being thrusted on the world by the World Health Organization, is a digital I.D. system, according to an article from Brownstone Institute by Dr. Aaron Kheriaty, quoted below.8 The identification system is part of the global pandemic treaty, which President Joe Biden’s administration has expressed willingness to sign, and which gives WHO unprecedented authority to institute laws and measures in the United States, eliminating individual rights. (See James Roguski’s substack, here.)

“As part of this plan, the WHO has contracted German-based Deutsche Telekom subsidiary T-Systems to develop a global vaccine passport system, with plans to link every person on the planet to a QR code digital ID.”

Corporate greed, advanced technology monetizing our personal data, and invasive measures like the NSA's surveillance allowed by the Patriot Act (and used dishonestly by trusted law enforcement agencies), have already eroded our privacy almost to its elimination. This will contribute to the “effectiveness” (from the government’s point of view) of the CBDC, once it’s put into action.

The final straw will be digital identification. They won’t have to guess who you’re with, or where you are, because the combination of your cell phone data and the newly “needed” digital I.D. will pinpoint you at all moments of your life.

And, if the device used for the I.D. is advanced enough, there are no limits to how invasive it can be in your life. If it is an internally installed device, it can show your health status through blood chemistry, then, through the digital currency system, stop purchases the government deems not “good for you.” Technology, eager to feed at the government trough, will always become equal to the task the government wishes to accomplish.

But at this point, the government is not the worst of our worries. A few years ago, a video was released that showed miniature drones capable of autonomous pursuit and assassination of individuals. Elon Musk referred to this video in a recent interview, saying that this is an actual technical possibility right now, and it isn’t exactly a genius-level project. Eventually, with worldwide digital I.D., when a complete database exists of every individual on the planet, it can be hacked. If that happens …