13 Comments
User's avatar
Kitsune, Maskless Crusader.'s avatar

Sorry, but this what we get when we ignore those warning us of such things. American citizens abroad, US Persons and “accidental citizens” of the US have been experiencing bank lock out for years solely because our banks do not want the hassle of dealing with America’s ever changing legal and regulatory systems. They are penalized heavily if they do not report all information on all the above to the US, so many just lock us out.

I personally have been warning homelanders about this for a decade. The responses I get are akin to those anti maskers and anti clot shotters get from the mad maskers and needle pushers.

We you dwell in Japan are lucky. Our accounts have not been closed. Instead, every transaction we make in the country we live is reported to the country of our birth, the country we spent some time in or the country of one our our parent’s birth, the US, depending where on the spectrum one is. Many of our fellow Americans in Europe have indeed had their accounts closed, or worse: frozen, their mortgages called in etc. due to America’s FATCA law and similar. Once that discrimination became universal, it is only natural that it would be applied to political statements.

You were warned, you didn’t listen. Oh well.

Enjoy the last moments you have for the ship is going down.

reality speaks's avatar

Very very scary. I saw it first hand at a bank I worked for. The Obama Administration decided to go after what we called title loan company’s. They made short term loans for the poor by taking a lien on their car title’s. Our bank was just a deposit relationship the regulators came in and put pressure on management to get rid of the account. It was over 20 million. As soon as it was gone management bitched about needing more deposits. Banks have to follow orders to have that FDIC sticker on the front door

Ted's avatar

The Obama regime perfected the art and science of avoiding constitutional separation of powers, and the tactic you describe is only one example of the praxis employed to that end.

It didn't begin with Obama and it's not restricted to one side of the aisle, but his junta broadened the base of it and institutionalized it in ways previously unknown. Perhaps "unknown" isn't the best word; "restricted of use" or "minimally employed" might be more precise.

No fan of predatory lending practices, I must nevertheless admit that they exist because there is demand for them among the actuarially high-risk population. That population lives from moment to moment, day to day and for anyone to say to them that entering a credit trap to survive while eking out an existence is forbidden, assumes responsibility for providing equally accessible alternatives.

This didn't happen, and it never happens. Liquidity traps are a wicked problem, and interfering with private transactions is yet another demonstration of how wicked problems present; each proposed solution forms an equally intractable problem.

it's interesting from a monetary velocity standpoint, but that's a whole 'nother conversation.

Lloyd Miller's avatar

Obama systematically destroyed what was left of America. It was well known he hated America but they gas-lighted us with the idea his election would end racial conflict. Well, "we" didn't go for it, just the vast majority.

Phil Davis's avatar

Don't ever forget, no vax, no transplant.

Yang Ming Mountain's avatar

Soon the Central Bank Digital Currencies (CBDCs) will do the trick even more thoroughly. None of us will survive because we cannot use our own cash, let alone bank accounts.

Epaminondas's avatar

What could go wrong with giving bankers power over civil discourse?

Lloyd Miller's avatar

You seem to ignore that banking is cartelized under Central Banks. They have always taken orders from the top of the cartel which recently under World Economic Forum influence includes ideological and policy prescriptions.

GT's avatar

Can’t buy or sell without the Mark of the Beast

Crixcyon's avatar

Thus as the banks eradicate their customers, where is their growth? This is how stupid these companies really are. They want to keep you from buying their products or using their services. I guess it's now a good thing to be losing customers.

Lloyd Miller's avatar

The CORPS and their personnel are to be and are being culled as well as the masses.

SomeDude's avatar

I have a bank account with a bank which claims to denounce and resist the badspeech debanking agenda. I say time will tell, but I do have a free account there just in case.

oldglorybank.com (I am not affiliated, just a customer)

RatMan29's avatar

In the US we at least have OldGloryBank.com to protect us from this problem, at least until regulators decide to join the bad guys by yanking their charter.

I wonder if Farage can get anywhere with British banking authorities, perhaps by suing the Crown.