Lawrence Person's BattleSwarm Blog
The Biden Administration isn’t yet done, and still more of it’s dirty dealings are coming to light. Remember Operation Choke Point, the semi-secret program to “debank” disfavored businesses like guns and weed under the Obama administration? Well say hello to Operation Choke Point 2.0, where the disfavored people being unbanked are the Obama/Biden Machine’s political opponents.
Investor Marc Andreessen made headlines last week when he told Joe Rogan that dozens of tech founders had been quietly “debanked” under the Biden administration.
Elon Musk commented on a shorter clip and asked: “Did you know that 30 tech founders were secretly debanked?”
Andreessen called the orchestrated effort “Operation Choke Point 2.0,” in reference to an Obama-era initiative targeting the gun industry which triggered anti-boycott laws in some red states.
“Debanking is when you, as either a person or your company, are literally kicked out of the banking system,” he explained. “Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a ‘politically exposed person,’ PEP. And if you are a PEP, [banks] are required by financial regulators to kick them off, to kick them out of your bank. You’re not allowed to have them.”
“Basically, it’s a privatized sanctions regime that lets bureaucrats do to American citizens the same thing that we do to Iran, just kick you out of the financial system,” he said. “So this has been happening to all the crypto entrepreneurs in the last four years.”
“So when Trump says the deep state, the way we would describe it is administrative power,” Andreessen said. “It’s political power being administered, not through legislation. There’s no defined law that covers this, it’s not through regulation. There’s nothing you can do — you can’t go sue a regulator to fix this. It’s not through any kind of court judgment. It’s just raw power. It’s just raw administrative power. It’s the government or politicians just deciding that things are going to be a certain way, and then they just apply pressure until they get it.”
Sounds deeply illegal, unconstitutional, and un-American, doesn’t it?
More:
https://www.battleswarmblog.com/?p=61704Here’s the video:
https://www.youtube.com/watch?v=AMHoqGBeaH0
