Is Your Bank Doxing Its Customers?

Those who control your access to money, own your money

Feb 10, 2021

In November of 2020, I informed you that the next huge concern for freedom-conscious individuals was going to involve de-banking, as well as other intentional targeting by banks in regards to your money.

I honestly thought that maybe, just maybe, it would take another year or so. Changes from a new administration, new laws regarding money laundering and cryptocurrency regulations all would compound upon each other and we would at least have a trail to look at.

Instead, the attacks on your money are happening now. Businesses and individuals (such as former president Donald J. Trump) have lost access to payment processing services, and have had their bank accounts shut down and access to basic banking services denied.

Now to make things worse, your bank may be reporting you to the federal government for the most absurd of reasons. Specifically, Bank of America doxing the information of customers who may have attended the January 6th “Stop the Steal” rally which resulted in the storming of the Capitol.

According to an exclusive Revolver.News:

12 U.S. Code § 3403 holds that:
No financial institution, or officer, employees, or agent of a financial institution, may provide to any Government authority access to or copies of, or the information contained in, the financial records of any customer except in accordance with the provisions of this chapter. [Legal Information Institute]
The provisions of federal law that allow financial records to be turned over to the government are limited. They have to be. The Fourth Amendment to the Constitution explicitly protects the “persons, houses, papers, and effects” of Americans from all “unreasonable searches and seizures.” If a financial institution believes a customer is breaking the law, they are allowed to notify the federal government that they possess such information. But even then, financial information cannot be turned over. The institution can only inform the federal government of the person’s name, and the crime it believes it has evidence of. Bank of America could not possibly have such evidence about its customers, because all the activity it was reporting to the federal government was perfectly legal.
Otherwise, for the government to get private financial information, it must present a written request, a subpoena, or a warrant. A warrant requires specific probable cause of a crime. Subpoenas and written requests both require notifying the account owner, in case they wish to contest having the information handed over. A handful of other exceptions to federal law exist. For instance, the director of the FBI can demand financial information from banks specifically to stop cases of international (but not domestic) terrorism.
Needless to say, none of that has happened here. Bank of America was simply contacted by the FBI, given a long list of legal activities occurring in two states plus the District of Columbia, and replied by handing over the personal information of hundreds of customers.

We are entering a stage in our culture where now we can’t depend on one of the most scrutinized and regulated industries to defend their customer’s most basic privacy rights- at least out of their own self-interest.

If you’re a business owner or content creator, check out some of the episodes I’ve produced recently where we discuss this topic further, and where I interview experts and individuals who are now or have been targeted for simply using their First Amendment freedoms:

-Listen: How Facebook Attacked My Business (Ft. Dan Smotz)

-Listen: What 2021 Brings For You and Your Business (Ft. Chloe Anagnos)

Featured image from Unsplash.com

Pop Culture’s “Victim’s Journey” Discussed on The No Gimmicks Podcast

Not everything in the world is bleak and terrible. I got to hang out for an out of control discussion with my bro Brady from The No Gimmicks Podcast talking about Star Wars, Impeachment, and what puffins taste like.

Sit back, relax, and enjoy!

Get to the Bunker! Check Out the New Social Media Site Anti News Live

Many of you know about the struggles of independent content creators online. Thankfully, my good friend Dan Smotz from The System Is Down Podcast has created his own social media site where free speech and free ideas are allowed to be discussed. Sign up is free and requires no personal information.

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Control Your Money So They Don’t

l’m not a financial adviser or certified professional. I only do what I feel is right for me, and as someone that has had a unique career path, passive income through investing has allowed me to build wealth and earn reliable cash flow. While administrations come and go, and policies change by the day, ultimately the biggest impact on my financial health and future are the decisions I make regarding my money.

If the recent defense of corrupt hedge funds, Wall Street bankers, and immoral regulators have shown us anything, it’s that the only people with our best interest at heart when it comes to our money is ourselves.

Below is the link to the WeBull investing app I use personally in order to diversify and expand my portfolio. If you’re new to investing or want to expand your brokerage options, consider looking into WeBull today.

Join WeBull today to get your two free stocks