Many people do not realize that the proverbial “noose” of civil rights, civil liberties and property rights are rapidly coming to an end, in large part because of the unholy alliance by and between government and the global oligarchs (international banks and major corporations).
For example, people don’t realize that current U.S. federal law permits all banks and credit unions (such as Chase Bank owned by CEO Jamie Dimon) to close any account, at any time, and for any reason, even when their own employees commit fraud, make mistakes, commit unethical acts or otherwise screw the banking customer over for personal or political reasons, and that customer then files a legitimate complaint.
The financial institution is not required to divulge the reason(s) for account closure to the customer.
Now, when a business account is closed by a bank, the bank can (and will) retain the funds in the account for 90 to 180 days in order for checks, debits, chargebacks, etc. to post to the business account before the bank will mail the business customer the remaining proceeds from the account.
However the account holder is of course not allowed access to their own hard-earned funds at all.
What this means is that these banks and credit unions have been given a universal right to steal any and all monies placed within their coffers by anyone at all, which can then be “confiscated” for any reason.
It is even so absurd that these banks and credit unions, even after they have seized or stolen your money/property, do not even have to give you a reason, and can then ban you for life from ever getting your money/property back.
This same reasoning applies to nearly all of the major businesses and corporations, wherein due process has gone the way of the extinct “dodo bird.”
This is what it means, when an administration (in this case Republican) talks about “bank deregulation.”
In many ways, Democrats had the right idea over Republicans when they created and enacted such banking regulatory agencies such as the Consumer Financial Protection Bureau (“CFPB”), recently gutted and decapitated by the Trump Administration and his coterie of bought and paid for Republican conservatives.
The problem is that the same global Oligarchs and International Banking Cartels that controlled the Democrats, and enacted even more stifling Communist type regulation to further control, cull, and choke off the American (and global) population (think Obama’s “Operation Chokepoint”), simply use Republican “deregulation” as another mechanism to screw over, steal from, and rob the working and middle class, by allowing these international banking cartels, credit unions, and corporations to completely do whatever they want, to anyone, for any reason, in the absence of any regulation.
Herein lies the rub, and there has to be a middle ground, but only if the American people (and their global population counterparts) push back and vociferously tell their elected leaders to take legal and equitable action against these global thieves and criminals.