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They are implementing a digital transaction control grid that restricts how you use your money, when, and where. Your money could be disabled beyond a certain distance from your home, or taxes could be deducted directly from your account. This system will likely be overseen by global entities like the Bank of International Settlements, rather than national central banks.

In Europe, cash payments above €1,000 are considered on the gray market and can result in fines or jail time. Tulsi Gabbard, former presidential candidate and House representative, expresses concern about the potential implementation of central bank digital currency in the US. She believes it would enable government surveillance and control over citizens' purchases, leading to restrictions and account freezes. Gabbard highlights how Democrats like Elizabeth Warren have pressured credit card companies to monitor firearm purchases, which could be reported as suspicious activity. She emphasizes that surrendering economic autonomy means sacrificing freedom. Gabbard doubts that people fully grasp the implications of this government control, as it is often presented as a measure against terrorism or crime.

The speaker expresses their unhappiness despite recent achievements and thanks those who voted for them. They discuss their personal and business accounts being closed by their long-time banking group without a clear reason. They have been unable to find another bank willing to open accounts for them. The speaker speculates that they may be considered a politically exposed person (PEP) due to their involvement in politics, which increases compliance costs for banks. They also suggest that prejudice from institutions and false accusations of receiving money from the Russian government may be contributing factors. Without a bank account, they feel like a nonperson and question their ability to function in modern society. They hint at discussing their decision further on GB News at 7.

The speaker describes Thailand implementing a biometric-based system that consolidates everything under one roof and ID folder, enabling authorities to “switch you off at the touch of a button.” Suddenly, over 3,000,000 people had their bank accounts shut down, causing a banking crisis as biometric data is used in every facet of life. Every banking transaction is monitored and scrutinized; any perceived discrepancy is flagged as fraud and punished without due process. Regulations overwhelmed the system, resulting in a full-fledged banking crisis. Over 3,000,000 Thai bank accounts were frozen instantaneously without warning. Transactions are denied, and when people contact their bank to understand why payments failed, they learn that their entire account has been frozen. The bank is investigating them for suspicious activity and potential money laundering or fraud, with no warning, no call or letter, and no clarification about which transaction was flagged. People are completely locked out of their accounts, losing the ability to purchase, fill their gas tanks, or buy groceries. They have been removed from the financial system, and there is no indication of when, or if, they will regain access to their funds. This is the reality for millions of people banking in Thailand. The situation caused widespread fear and panic, leading retailers to stop accepting cards and demand cash, as they also worry about being removed from the banking system. Confidence in the government and the entire banking system evaporated. People rationally fear that their accounts will be targeted next without warning. Government overreach backfired, causing people to withdraw from the banking system altogether, and the speaker notes this as a positive development to see people keeping cash alive. The speaker suggests the episode serves as a test case for what digital ID is going to do and as a warning against accepting it. The closing remark states that the controversy over Charlie Kirk is less important than what will be done with this technology. What matters, according to the speaker, is what they’re going to do with it.

Banks are increasingly restricting withdrawals and deposits. A friend attempted to withdraw $20 but was told he needed to explain its purpose. When he went to withdraw $20,000, the bank required proof of where the money was going. Additionally, attempts to invest in Bitcoin were limited to just $5 a month. This reflects a broader trend towards a cashless society, which could lead to increased control over personal finances. It's essential to diversify your funds across multiple banks, as relying on bank insurance can be risky. Political views can also affect banking access, as seen with Nigel Farage's experience of being debanked. Ultimately, it's crucial to take control of your finances and decentralize your money.

The speaker describes a system introduced in Thailand that centralizes biometric data and requires all ID and financial information to be under one roof. They claim this led to an immediate, nationwide disruption: "simultaneously, over 3,000,000 people had their bank accounts shut down." Thailand is framed as a case study for the use of biometric data in every facet of life, with "Every banking transaction [being] monitored and scrutinized." Any perceived discrepancy is said to be flagged as fraud and punished without due process. According to the speaker, regulations overwhelmed the system, resulting in a "full fledged banking crisis." They assert that "Over 3,000,000 Thai bank accounts were frozen instantaneously without warning as a result of government overreach." When people attempt to check why a payment failed, they are reportedly told that their account has been frozen. The claim is that "All of your accounts for that matter" are frozen, and the bank is "investigating you for suspicious activity and potential money laundering or fraud." There is said to be "no warning, call, or letter, and there is no clarification as to what transaction was flagged." The outcome is described as being "completely locked out of your accounts," losing the ability to purchase, fill your gas tank, or buy groceries. The speaker notes that millions are facing this reality in Thailand, and that the situation has "freaked the entire country out." They add that "thousands of accounts are frozen each week" and that panic has ensued. Retailers are no longer accepting cards and are demanding payment in cash as they worry about being removed from the banking system. Confidence in the government and the entire banking system is said to have evaporated, with people "rationally fear[ing] that their account will be targeted next without warning." The speaker asserts that government overreach has backfired, leading people to remove themselves from the banking system entirely, which they describe as "a really good thing to see, folks." The narrative frames this as a backlash that demonstrates the necessity of keeping cash alive and relying less on a digital system. It is presented as a test case for what the digital ID will do, and a warning against accepting it. The speaker contends that many warnings have been issued for a long time, and emphasizes the need for people to see what is happening. In closing, they say, "All everyone's been arguing over whether Charlie Kirk died or whether he didn't. It doesn't matter. What matters is what they're gonna do with it."

Operation Truck Point began 15 years ago as legal marijuana, prostitution, and gun ownership faced banking restrictions under the Obama administration. Businesses like medical marijuana dispensaries were forced to operate in cash due to being denied access to banking services, including payroll and insurance. This issue has since expanded to affect tech founders, crypto entrepreneurs, and political opponents, with around 30 tech founders being de-banked in the last four years. The lack of due process and unaccountable actions from the government create significant challenges for legal businesses. There are no clear rules or avenues for appeal, leaving affected individuals without recourse to regain their banking access.

I just did a Fox News appearance in Washington DC, where I talked about digital currency and Central Bank Digital Currencies (CBDCs). I had a revelation about CBDCs during the truckers protest in Canada. The protesters were peacefully asking for their rights, but the government took pictures of their license plates, used news stories to identify them, and then shut down their bank accounts and credit cards. This left them unable to work, pay their bills, or support their families. This made me realize that freedom of currency is as important as freedom of speech. If the government can starve you financially for dissenting, we are living in a concerning situation.

An employee was debanked simply for having "crypto" in his job title while working on crypto policy. The bank conducted a screening and deemed anyone associated with crypto as politically exposed due to its controversial nature. This reflects a broader trend where compliance and reputation management terms mask aggressive actions against individuals, often without due process. There are concerns about the constitutionality of these practices, as they may violate the right to due process. While there may be potential legal challenges in the future, the immediate fear of repercussions can deter individuals from contesting these actions.

After leaving the White House and starting a business, the speaker's bank informed them they could no longer do business together. A prominent email distribution service provider terminated their agreement. A university revoked its agreement to accept donations for foster students after learning the donations were from the speaker. The speaker believes these actions were due to their political affiliation and beliefs, calling it one of the "canceling projects." While some people have gained courage to speak out against cancel culture, the speaker believes it is still ongoing.

The SEC has sent Wells notices to PayPal and Coinbase, warning that the cryptocurrencies they deal with may have broken the law as unregistered securities. These companies have been asking the SEC for guidance on which coins are problematic, but the SEC has been unhelpful. There are concerns that the SEC and the Biden administration are trying to destroy crypto to make way for a CBDC surveillance coin. Recent attacks on crypto-engaged banks support this theory. The goal seems to be to eliminate alternatives and force the crypto industry to develop on a CBDC base. This is referred to as Operation Choke Point 2.0. Bitcoiners are enjoying the show as shit coins suffer, but the pattern suggests that Bitcoin and other blockchain-based entities may be targeted next. The aim is to cut off escape routes from fiat and strangle businesses building an economy based on Bitcoin.

The speaker describes Thailand’s rollout of a biometric, centralized system as having dramatic and disruptive consequences for ordinary banking customers. Once ID documents and biometric data were consolidated “under one roof,” the system enabled the government to switch individuals off “at the touch of a button.” The speaker asserts that, in Thailand, more than 3,000,000 people suddenly had their bank accounts shut down in unison, with banking transactions monitored and scrutinized for perceived discrepancies, and any fraud flagged and punished without due process. According to the speaker, regulations overwhelmed the system, resulting in a full-fledged banking crisis. Over 3,000,000 Thai bank accounts were frozen instantaneously without warning. Transactions were denied, and when people contacted their banks to inquire why a payment failed, they were told their accounts had been frozen and that the bank was investigating them for suspicious activity, money laundering, or fraud. There was said to be no warning, no call, no letter, and no clarification about which transaction was flagged. People were completely locked out of their accounts, losing the ability to purchase, fill gas tanks, or buy groceries, effectively removing them from the financial system with no knowledge of when or if access would be restored. The speaker notes that millions of Thai bank accounts were affected and that thousands of accounts were frozen each week. This led to panic, with retailers refusing card payments and demanding cash, because they were concerned about being removed from the banking system themselves. Confidence in the government and the entire banking system reportedly evaporated, as people feared their own accounts could be targeted next without warning. The speaker asserts that government overreach backfired and prompted people to remove themselves from the banking system altogether, which the speaker frames as a positive development to see people rely on cash again. The broader point drawn is that the Thai experience serves as a warning and a test case for what digital IDs might do. The speaker argues that the episode demonstrates why people should resist accepting such a system. The closing remark shifts from the specific incident to a broader point: while debates about a public figure’s death may arise, what matters is what will be done with digital ID and control systems going forward.

What if an organization like Ericsson controlled the internet? It raises questions about how a non-government entity could hold a government hostage through its monetary system. This situation has already occurred with the current system, particularly with the Federal Reserve and SWIFT, which operates privately. For instance, withdrawing over $10,000 from a bank often prompts questions about the purpose. Debanking is also becoming common. A personal example is the 2019 shutdown of Lebanon's Central Bank, which left many without access to their funds, while local politicians managed to retrieve theirs. People often remain unconcerned until a crisis directly impacts them, similar to the 2008 real estate crash, highlighting how governance and private sectors often disregard individual concerns until they face legal consequences.

JPMorgan Chase allegedly told the speaker they had 20 days to move their hundreds of millions of dollars in cash, despite a 35-40 year relationship with the bank and no loan defaults. Bank of America also showed no interest in opening accounts for the speaker, even after previously being very cordial. As a result, the speaker deposited funds in smaller banks, $5-12 million at a time. The speaker believes banks discriminated against them and other conservatives/Trump supporters. They claim the Biden administration directed banking regulators to target them, but despite this, the speaker became president.

Operation Sharp Point began 15 years ago, targeting legal marijuana, prostitution, and gun businesses by cutting them off from banking services. As a result, medical marijuana dispensaries had to operate entirely in cash, lacking access to bank accounts, payment processing, payroll, and insurance. This issue has evolved into Operation Sharp Point 2.0, which now affects political opponents and disfavored tech startups, with around 30 founders de-banked in the last four years. This situation has led to frustration and support for Trump, as businesses face sanctions without due process, rules, or avenues for appeal, leaving them without recourse to regain access to banking services.

Speaker 0: I had a guy who worked, very, very, very high up at Citibank. And he told me around 2008, he said, Glenn, you know, don't worry about the financial system. And I'm like, uh-huh. And he said, you know, we're never gonna go broke. I mean, do you know how much just the national parks are worth? And I looked at him and said, are you seriously telling me that we should commoditize the national parks? And he said, it's gonna happen. And I wonder now if this is what he was talking about. If it was just a digital not actually selling them, it's just a digital commoditization of our parks. Speaker 1: Yeah. So apply this now to the the phrase that we all heard during the COVID era, you'll own nothing and be happy. Well Yes. There's certain people that want to own everything, and that includes things that have never been able to be owned before that were considered things like the public commons, like rivers, lakes, the ocean itself, natural forests, all sorts of it. These people want to put all of that into the financial system, fractionalize it, tokenize it, and sell pieces of it around, use it to speculate on. Mean, it's It's very insane. Yeah. And so, this is just one aspect of digital currency play. Obviously, there's a lot more than that just going on as well. I would argue that a lot of this push, particularly in The US for dollar stablecoins supposedly being better than a central bank digital currency, also falls into this paradigm we talked about earlier of, you know, moving from the public to the private of the public private partnership because a lot of these stablecoin issuers, you know, if the the big concerns about CBDCs was that they're seasable, they're surveillable and they're programmable, Well, all of those three things also can apply to stablecoins. The only difference is that you would have a private company issue it and control it. But we've seen time and again how a lot of these private entities are willing to do that. When contacted, just look at how Bank of America behaved with January 6, people accused of wrongdoing on that day, for You know, they have no qualms in doing that and engaging in those type of activities. And the biggest dollar stablecoin issuer, Tether, which just hired Bo Hynes from the White House, they have openly said that they are a close partner of the US government for dollar hegemony globally and have uploaded the FBI, the Secret Service and other aspects of the US government onto its platform directly and have seized tethers from people just because government told them to, and this was during the Biden administration. So they obviously are willing to do that under any administration, and it's essentially functioning as a de facto public private partnership, even though we're being told it's a it's much better than a CBDC, but in terms of its impacts on civil liberties, you know, that's not necessarily true. So, again, vigilance is is important here.

The Consumer Finance Protection Bureau (CFPB), created by Elizabeth Warren, operates independently and regulates financial institutions. It often hinders competition by targeting new fintech startups. A significant issue is "debanking," where individuals or companies are removed from the banking system, often based on their political views. For instance, a right-wing individual, David Horowitz, was debanked for his political stance. The regulations categorize certain people as "politically exposed," leading to their exclusion from banking services. While the government cannot directly restrict speech, it pressures private banks to enforce these exclusions, allowing them to sidestep accountability.

We cannot accept a system where individuals can start legal businesses only to face sanctions and embargoes from the government without due process. There are no clear rules, courts, or avenues for appeal to recover lost assets, such as bank accounts. Additionally, civil asset forfeiture allows the state to seize money from individuals, often without justification, as seen in cases involving large cash amounts or safe deposit boxes. This situation reflects a troubling exercise of administrative power, where political authority operates outside established laws and regulations, leading to arbitrary actions without legal recourse.

Debanking occurs when individuals or companies are removed from the banking system, often due to political reasons. This has notably affected right-leaning individuals and businesses, while those on the left seem largely unaffected. For instance, some have been debanked for expressing conservative views or being involved in industries like legal marijuana or firearms. This trend has intensified over the last 15 years, with recent actions targeting tech and crypto entrepreneurs. The government applies pressure on banks to debank these individuals, creating a system without due process or accountability. Many affected individuals are forced to operate in cash or seek alternative means to manage their finances, often leading to significant disruptions in their lives and businesses.

Speaker 0: Once you've got everything under one roof and you've got all your ID together in one place, it means you can be switched off at the touch of a button. So they brought this system in in Thailand, and suddenly, like simultaneously, over 3,000,000 people had their bank accounts shut down. Thailand has become a case study for the use of biometric data in every facet of life. Every banking transaction is monitored and scrutinized. Any perceived discrepancies flagged as fraud and punished without due process. Regulations have overwhelmed the system resulting in a full fledged banking crisis. Over 3,000,000 Thai bank accounts were frozen instantaneously without warning as a result of government overreach. Transaction denied, you'd contact your bank to see why the payment failed only to learn that your account has been frozen, all of your accounts for that matter. The bank is investigating you for suspicious activity and potential money laundering or fraud. There was no warning, call, or letter, and there is no clarification as to what transaction was flagged. You're completely locked out of your accounts. You have lost the ability to purchase. You cannot fill your gas tank. You cannot purchase groceries. You've been completely removed from the financial system, and you do not know when or if you will regain access to your funds. This is the reality for millions of people banking in Thailand. That's crazy stuff, folks, and this freaked the entire country out. But the article goes on to say, thousands of accounts are frozen each week. Panic has ensued. Retailers are no longer accepting cards demanding payment in cash as they too are worried that they will be removed from the banking system. Confidence in the government and the entire banking system evaporated. People rationally fear that their account will be targeted next without warning. Government overreach has backfired, and the people are removing themselves from the banking system entirely. And that's a really good thing to see, folks. Yeah. So it backfired, and it caused the people in Thailand to see how much they need to keep cash alive and depend on cash. And it's saying it serves as a test case for what this digital ID is gonna do. Well, it also serves as a test case for why you shouldn't accept it. And so many of us have been warning about this for so long, folks, and it's imperative that people see this because this is what's been going on. All everyone's been arguing over whether Charlie Kirk died or whether he didn't, it doesn't matter. What matters is what they're gonna do with it.

Operation Truck Point began 15 years ago, targeting legal marijuana businesses, gun shops, and later extending to tech founders and political opponents. Under the Obama administration, legal marijuana businesses were effectively de-banked, forcing them to operate in cash without access to banking services, payroll, or insurance. This issue has resurfaced, with around 30 tech founders de-banked in the past four years, reflecting a troubling pattern. The lack of due process in these actions raises significant concerns, as there are no clear rules, courts, or avenues for appeal. This situation has led some to support alternative political figures, feeling unable to operate in a system that penalizes legal businesses without accountability.

What if an organization like Ericsson controlled the internet? It raises concerns about non-government actors potentially holding governments hostage through monetary systems. This has already occurred with the Federal Reserve and the private nature of systems like SWIFT. For instance, withdrawing large sums from banks often leads to intrusive questions, and debanking is becoming more common. A personal example is the 2019 Central Bank shutdown in Lebanon, where many lost access to their funds, while local politicians managed to retrieve theirs. People often remain unconcerned until they are personally affected, similar to the 2008 real estate crash, highlighting how governance and private sectors operate until individual interests are at stake.

None of these assets will be accepted by Wall Street or mainstream institutional investors as crypto assets. The DeFi report outlines various technical features and compliance controls that can be integrated into the ecosystem. Bitcoin's increasing institutional holdings reduce its availability for users, distancing it from its digital currency use case. Compliance with regulations like sanctions and anti-money laundering will shift Bitcoin from a decentralized system to a centralized one, creating reliance on blacklist providers. This could undermine Bitcoin's fungibility, making it less effective than traditional payment systems. If users must verify their Bitcoin through central services, it could lead to a loss of confidence and potential market collapse.