November 29, 2024
Weaponizing Banking
Timothy Birdnow
Here's how they do it.
Marc Andreeson dishes on Joe Rogan.
FTA:
"The First Amendment says the government cannot censor American citizens,” Andreessen began.
"And so, what they do is if you want to censor American citizens in the government, if you’re smart, you don’t do that. What you do is you fund an outside organization and then you have them do it.”
"We have this thing called the Consumer Finance Protection Bureau, CFPB, which was the – it’s sort of Elizabeth Warren’s personal agency that she gets to control,” he continued.
"And it’s an independent agency that just gets to run and do whatever it wants, right? And if you read the Constitution, like, there is no such thing as an independent agency. And yet there it is.”
"Basically, it terrorizes financial institutions,” he explained.
"Prevent new competition, new startups that want to compete with the big banks … just by terrorizing anybody who tries to do anything new in financial services.”
Andressen gave an example of debanking.
"Debanking. This is where a lot of the debanking comes from, is these agencies. So, debanking is when you as either a person or your company are literally kicked out of the banking system. … My partner, Ben’s father, has been debanked. … for having the wrong politics. For saying, "unacceptable things” under current banking regulations.”
READ: Tom Homan Warns Dems They Could Face Jail If They Disrupt Trump’s Deportation Plans
"Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a ‘politically exposed person,’” he said. "PEP. And if you are a PEP, you are required by financial regulators to kick them out of your bank. You’re not allowed to have them. "
"But what if you’re politically on the Left?” Rogan asked.
"That’s fine,” Andreesen replied.
"So, no one on the Left gets debanked?” Rogan asked incredulously.
"I haven’t heard of a single instance of anyone on the Left getting debanked,” Andreessen answered. "You get kicked out of your bank account. You get kicked out of the — you can’t do credit card transactions.”
"This is where the government and the companies get intertwined,” he continued. "And back to your fascism point, which is there’s a constitutional amendment that says the government can’t restrict your speech, but there’s no constitutional amendment that says the government can’t debunk you, right?”
” And so, if they can’t do the one thing, they do the other thing. And then they don’t have to debunk you. They just have to put pressure on the private company banks to do it. And then the private company banks do it because they’re expected to. But the government gets to say, ‘We didn’t do it. It was the private company that did it.’”
Here's how they do it.
Marc Andreeson dishes on Joe Rogan.
FTA:
"The First Amendment says the government cannot censor American citizens,” Andreessen began.
"And so, what they do is if you want to censor American citizens in the government, if you’re smart, you don’t do that. What you do is you fund an outside organization and then you have them do it.”
"We have this thing called the Consumer Finance Protection Bureau, CFPB, which was the – it’s sort of Elizabeth Warren’s personal agency that she gets to control,” he continued.
"And it’s an independent agency that just gets to run and do whatever it wants, right? And if you read the Constitution, like, there is no such thing as an independent agency. And yet there it is.”
"Basically, it terrorizes financial institutions,” he explained.
"Prevent new competition, new startups that want to compete with the big banks … just by terrorizing anybody who tries to do anything new in financial services.”
Andressen gave an example of debanking.
"Debanking. This is where a lot of the debanking comes from, is these agencies. So, debanking is when you as either a person or your company are literally kicked out of the banking system. … My partner, Ben’s father, has been debanked. … for having the wrong politics. For saying, "unacceptable things” under current banking regulations.”
READ: Tom Homan Warns Dems They Could Face Jail If They Disrupt Trump’s Deportation Plans
"Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a ‘politically exposed person,’” he said. "PEP. And if you are a PEP, you are required by financial regulators to kick them out of your bank. You’re not allowed to have them. "
"But what if you’re politically on the Left?” Rogan asked.
"That’s fine,” Andreesen replied.
"So, no one on the Left gets debanked?” Rogan asked incredulously.
"I haven’t heard of a single instance of anyone on the Left getting debanked,” Andreessen answered. "You get kicked out of your bank account. You get kicked out of the — you can’t do credit card transactions.”
"This is where the government and the companies get intertwined,” he continued. "And back to your fascism point, which is there’s a constitutional amendment that says the government can’t restrict your speech, but there’s no constitutional amendment that says the government can’t debunk you, right?”
” And so, if they can’t do the one thing, they do the other thing. And then they don’t have to debunk you. They just have to put pressure on the private company banks to do it. And then the private company banks do it because they’re expected to. But the government gets to say, ‘We didn’t do it. It was the private company that did it.’”
Posted by: Timothy Birdnow at
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