I just came across this on Twitter and wanted to highlight it. Its of course for all the ET members who passionately ridicule bitcoin, saying it has no use, wondering where it derives it's value from, etc. So here is a case of a retail health company who had it's bank account, plus further personal accounts, frozen by Chase because the CEO and owner was critical of Covid. https://flvoicenews.com/retail-heal...minated-owner-critical-of-covid-vaccines-fda/ This isn't of course new, and we all heard about the truckers in Canada who had their accounts frozen, and even recently Nigel Farage, a former member of the British Parliament. Its truly amazing to me how the actions of both governments and woke institutions provide the absolute best advertising for bitcoin necessity and adoption. The possibility of having all your accounts frozen and assets seized is actually incredibly high if you ask me. Bitcoin isn't just for the poor people in developed countries who never had access to banking to begin with.... it is also for the people on the other end of the extreme with great wealth who have to worry if it can be taken away on a whim. I seriously don't understand how people who have a few millions dollars in net worth don't have at least 0.1, if not 1 whole bitcoin. If this was the case, there wouldn't be any bitcoins left, so most rich people are clearly not bitcoiners. As I made the above statement, I googled this question... Each of these guys should have 1 bitcoin as a minimum. At $30k per coin, it would be a very small investment for them. And this is just the US. Consider rich people all over the world. There simply won't be enough bitcoins for millionaires to ever own a whole coin. But forget the idea of price appreciation, the point I'm trying to make with this post is that if a bank doesn't like you, you are literally removed from society. And since this woke world is moving so fast, none of us have any idea what they will attack you for.
I should of course add where I came across this on Twitter... Imagine the kind of reach that this tweet gets from a very likely future president.
I can already see the state cuck-lovers defending the Chase bank Don't be against Abortion Don't be against Gun-control Don't be against BLM or LBGTQ++LMONOPQRSTUVWXYZ Don' put a US flag anywhere on your property Make sure you put a pride flag or rainbow flag on your property Don't be a Republican Don't be white Don't be against trans surgeries for children Get your monthly booster shot Support Fednow CBDC and convert all your savings to Fednow in the future Don't be against pedophilia Don't be against Covid or the vaxx Wear your masks outdoors Support lockdowns Everything will be fine. Your wealth will be safe
Banks need to comply with regulations, if they see anything wrong they will close your account. Just to avoid any problems with the authorities. That is business as usual. When they close your account you don't lose your funds, they just ask you to withdraw anything you have and go somewhere else, they don't want to deal with dodgy money. There is no news here. As per Mr Mercola, he is a real pearl. https://www.nytimes.com/2021/07/24/technology/joseph-mercola-coronavirus-misinformation-online.html And now, the real question: What does this have to do with cryptocurrencies?
All of these "problems" could have been avoided with the bank if Mercola and others had invested in art. Just 500K for an awful piece painted by a crackhead and not only will the gov't leave you alone, but you could get a cool cabinet post and maybe get to hang out with "the big guy".
The real pearl is the fact that Chase closing accounts of people including spouse and child accounts with no explanation is acceptable to some ET posters This is why you need bitcoin.... but I digress...
#1 You should have more than 1 bank account. More than 1 credit card etc. #2 Bitcoin isn't a fix for this. It doesn't replace his line of credit, and how is he going to convert Bitcoin to dollars to pay his employees without a bank account? #3 The notion that because Bitcoin uses crypto, the government couldn't take your money is delusional nonsense. You can be ordered to show up in court, where you will be ordered to turn over the keys and if you don't you'll sit in jail. https://arstechnica.com/tech-policy...refusing-to-decrypt-hard-drives-loses-appeal/ See also https://xkcd.com/538/
They were sent several letters, screenshots on this link https://flvoicenews.com/retail-heal...minated-owner-critical-of-covid-vaccines-fda/ Just because you repeat a lie, it won't become true. It seems that the reason they had their account closed is because they were selling dodgy supplements for COVID-19, a scam we might call it.