The US federal government weaponized the banking system to attack conservatives during the Biden Administration. A Congressional investigation committee released an extremely concerning report in December entitled: “FINANCIAL SURVEILLANCE IN THE UNITED STATES: HOW THE FEDERAL GOVERNMENT WEAPONIZED THE BANK SECRECY ACT TO SPY ON AMERICANS” that details how the US government has been monitoring American citizens through bank transactions, with an emphasis on citizens who have expressed conservative viewpoints. The banks were caught red-handed and now some are expressing their need to change, so long as they are in line with whomever is currently in the White House.
JPMorgan Chase announced that it would be updating its code of conduct after conservative group Alliance Defending Freedom accused the bank of religious discrimination. The bank has updated its “diversity and inclusion” section to prevent discrimination against “religious views” or “political opinion.”
JPMorgan Chase and other major institutions deny calculated debanking practices, but the Congressional investigation proved that banks were instructed to target people holding potential political and religious dissenting views under the Bank Secrecy Act. The Bank Secrecy Act (BSA) E-Filing System is a system for financial institutions to file reports required by the BSA electronically. By law, the BSA requires businesses to keep records and file reports to help prevent and detect money laundering. This is how the Biden Administration is attempting to disregard privacy and weaponize financial institutions.
Banks were instructed to search transactions for keywords such as “Trump” and “MAGA” to look for “domestic terrorists.” We are awarded the right to bear arms under the Second Amendment, but the Biden Administration wanted to know who was purchasing firearms as exercising 2A rights was enough to deem any ordinary citizen “suspicious.” Any American who PURCHASE A BIBLE was considered a person of interest. This is extremely troubling and goes beyond government overreach and violated numerous Constitutional protections.
Title VII of the Civil Rights Act of 1964 protects American citizens from blatant discrimination based on religion. If a bank refused to allow Hindus, Muslims, Jews, or any other religion to access their bank accounts, there would be civil unrest on the streets. The West permits the open persecution of Christians because 1) they do not want nations to have a united identity (i.e., a Christian nation), and 2) Christians tend to vote conservative.
“In sum, by providing financial institutions with lists of people that it views as generally “suspicious” on the front end, the FBI has turned this framework on its head and contravened the Fourth Amendment’s requirements of particularity and probable cause,” the Congressional investigation states.
Donald Trump called out JPMorgan Chase at Davos in January 2024. “I don’t know if the regulators mandated that because of Biden or what, but you and [JP Morgan Chase CEO Jamie Dimon] and everybody, I hope you’re going to open your banks to conservatives, because what you’re doing is wrong,” Trump said at Davos.
Debanking is a worldwide phenomenon of governments weaponizing banking institutions. We saw Trudeau debank protestors among the Canadian trucking convoy movement, for example, and I reported how Britain debanked Nigel Farage for his opposing views.
The UN-backed Net-Zero Banking Alliance aims to punish anyone not adhering to the climate change agenda financially, and over 144 banks have signed on board. I reported that a bullion dealer I personally know suddenly had his credit lines revoked. Governments genuinely believe the people are underpaying taxes by at least 35%. They want to eliminate all financial hedges against government and financially cripple those who do not abide by the agenda.