Opinion
Nigel Farage urges using multiple bank accounts, gold assets to protect against debanking
From LifeSiteNews
Debanking is increasingly being used globally to punish political dissidents such as the Brexit leader, who recommends using a variety of backup methods to guard against the possibility.
Brexit leader Nigel Farage has urged people to take out multiple bank accounts and own hard gold assets in order to protect against debanking, which has been inflicted as punishment on political dissidents in recent years, including on Farage himself.
In an interview with author and entrepreneur Rob Moore, Farage noted that the pretext for his being debanked — being “politically exposed” as someone with beliefs contrary to the bank’s values, is “nonsense,” because his family members were also debanked.
Asked who is responsible for this “control of the politically exposed” and the removal of cash, Farage listed major global and banking institutions, including the International Monetary Fund, the OECD (Organization for Economic Co-operation and Development), the Bank of England, the European Union (EU), and the United Nations (UN).
“This is globalism, folks. Globalism is about unelected bodies taking ever more power, which diminishes the power of the nation’s state and therefore diminishes our ability to hire and fire those who are making our laws,” the maverick politician continued.
He stressed that the beneficiaries of globalism include big business, and “the bigger the business, the more they benefit,” one of the key facts he has learned throughout his years in politics.
When prompted for ideas about how to combat globalism, Farage first said it is “very important” to refrain from voting for those who back it. He added that we can use cash more — enough to signal that “we can’t function without it.”
“Protect yourselves … Make sure you’ve got more than one bank account,” he went on, adding that he suggests going so far as to take out three bank accounts.
He also suggested owning assets that cannot be taken away, including both the physical assets of gold coin and cryptocurrency. He conceded that cryptocurrencies can have “unreliable providers,” but because it allows people to be “in charge of” their money, “it’s the ultimate individual sovereignty.”
“The tax man can’t take it. The bank can’t close you down,” said Farage, pointing out that when Canada’s government froze the bank accounts of Canadian truckers who were protesting draconian COVID mandates, bitcoin was their saving grace.
“The only way they were fed and watered during that protest was through cryptocurrency,” Farage said.
“And if you’re not on that road yet, don’t be embarrassed by it. Most people aren’t on that road yet, most people don’t quite get why this is so significant,” he continued. “But I know from my visits to America that in Miami you can now buy everything from a Ferrari to a cup of coffee using Bitcoin or Ethereum. Don’t think this is going to go away.”
A common thread of those debanked in recent years is espousing anti-globalist views. For example, last year, the co-head of the anti-globalist Alternative for Germany (AfD) said that he was debanked for his political views. In 2018, Deutsche Bank terminated all accounts of AfD politician Nicolaus Fest, and in 2020, the Direktbank ING closed the bank accounts of the head of the AfD Thuringia, Björn Höcke, as well as his wife’s accounts. In both cases, the banks refused to give a reason for their decision.
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Not sure which election you are watching. The Liberals are winning in double digits. Not bad for a party this is supposed to be 20 points behind on the national polls. https://x.com/Sheila_Copps/status/1805439460110135640
One of the truly wonderful things about X is its ability to capture the privileged in full regalia, exercising their entitlement in real time. For this purpose no one struts quite like Sheila Copps, the Madame Lafarge of the Liberals’ Sponsorship Scandal, the disaster that reduced her party to such a low estate that only pusillanimous Justin Trudeau could be their saviour.
Ms. Copps was tossing around cringeworthy headlines Monday night/ Tuesday morning concerning the by-election in Toronto St. Paul’s riding. Reading them (“If Coppsy says it’s over, it’s over”) we went to bed thinking her insider PMO candidate Leslie Church had eked out a small but necessary plurality.
Only to wake up to the former deputy PM wiping free-range egg from her face as the Conservatives stole this bedrock riding. And while Ms. Copps tried to play the Libs as a plucky underdog, the party HQ threw everything and everyone into the riding to rescue them from Justin Trudeau hate. It wasn’t enough. In fact, their desperation worked against them. Door-front canvassing was hazardous as the Forest Hill set, apprised of new capital-gains taxes, told cabinet ministers and other party hacks they’d rather boil in a Tim’s Dark Roast than support Sinbad the Black Face PM anymore.
While Copps spluttered about how fate was against Liberals, she couldn’t blame low turnout. A 45 percent turnout for a by-election in central Toronto, where a drive to the corner store can take 30 minutes in YYZ gridlock, is decisive. Which leaves the Liberal Party as currently constituted under Genocide Man in a bad place. Or, more accurately, no place.
The paid scribes at CBC tried to soften the blow. “The Liberals’ poor showing in a stronghold like this could prompt some soul-searching for Trudeau..” Could prompt? Some soul searching? That’s like saying Napoleon is having second thoughts about invading Russia. The CBC writers acted like he’d gotten a speeding ticket, not a ticket to political oblivion. Or to the WEF, his true constituency.
As many have noted, the only one thinking that Trudeau should stay is Trudeau himself. His teenaged angst thing doesn’t allow for contradiction. Except it’s not his call anymore after St. Pauls. If the hollowed-out Libs can find anyone willing to do the Kim Campbell Caretaker To Disaster role, they should change the locks on the PMO now.
Bespoke banker to the privileged Mark Carney is the name they mention, because he combines Liberal arrogance with taste for the Green Apocalypse. But current backbench MPs trying to stretch the writ till their pensions are assured and those who want Senate jobs after the collapse aren’t likely to pop their heads up with any risky ideas.
The Freeland-led Cabinet, which currently resembles the faculty lounge at a third-rate community college, is widely despised and as unelectable as a rabbi in Gaza. Sad. It all seems just days ago when the Laurentian elite in St. Paul’s was soaking up Sunny Ways policies like Diversity Is Strength as if handed down from the Oracle.
In the overlap from Stephen Harper, when all things could be blamed on The Prince of PMO Darkness, the niggling lapses like Justy as Calypso King or firing his indigenous female Minister of Justice could be blithely dismissed. The RCMP were diverted. When Blame the Harp was gone, he morphed into Justin the Terrible, a full-blooded caudillo arresting truckers and shutting down society for vaccines. He was now a titan of moral authority hiding under his desk from working people.
His vaunted immigration project (“Do I hear 40 million?”) dovetailed nicely with his distaste for traditional Canadians like truckers and farmers who live without private jets. When multi-generational Canadians protested about the housing bubble this created he staged a cemetery photo op to tell the world that his constituency is genocidal. The hubris was epic.
But in time it all caught up to him. His Prince of Araby mask was ripped off, and the facts of his turpitude finally became undeniable. His ultimate failing was probably the Diversity Dance, which postulated that he could import millions into the nation, allow them free rein on religion and culture, and house them in tiny houses. The bar was low, but the pomposity was high.
This Skippy scam was based the great liberal pathetic fallacy. By extending reason and understanding to people who want neither you will bring them around to your thinking. And voting for you. You need gullibility to believe this stuff. Luckily for Trudeau he had the purchased media to make this sound like a good idea.
But all good things must end. People who worshipped Diversity eventually realized it separated people and fractured Canadian society. Instead of uniting Canadians behind shared goals it perpetuated grievances, creating a victimization pecking order, each complaint more pathetic than the last. It caught up to him in St. Paul’s.
One other satisfying element from St. Paul’s was the inability of Trudeau’s common-law political partner Jagmeet Singh to exploit the antipathy to Trudeau. The NDP live in permanent hope that a Liberal crater represents their chance to seize the political middle. But Singh’s Uriah Heap performance in propping up Trudeau’s ethics breaches and suspected illegalities isn’t fooling anyone. Least of all the fashionista lefties of Forest Hill or Yonge & Eglinton.
If the humiliation from St. Paul’s riding was poison for Trudeau and the Libs then it was worse for Singh and the Deepers. A new day is coming. Unlike climate change it will get here soon.
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, he’s a regular contributor to Sirius XM Canada Talks Ch. 167. His new book Deal With It: The Trades That Stunned The NHL And Changed hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org . His 2004 book Money Players was voted sixth best on the same list, and is available via brucedowbigginbooks.ca.
From the Fraser Institute
During the mid- to late-1990s, Alberta taxpayers lost more than $2 billion from these failed loans, guarantees and share purchases in major business projects.
Remember the old adage from the writer and philosopher George Santayana that “those who cannot remember the past are condemned to repeat it.”
At a recent Calgary Chamber of Commerce event, Premier Danielle Smith indicated the Alberta government is looking at using Heritage Fund assets “to assist in de-risking projects that were finding it difficult to get financing.” This signals a return to the Alberta government’s industrial policy of the 1970s and 1980s of being in the business of being in business and government picking “winners and losers” as Premier Klein famously said.
A remembrance of the past is in order, so we aren’t condemned to repeat it. Between 1973 and 1992, the Alberta government took a very active role in cultivating economic development. The approach was highly interventionist and involved direct financial assistance through direct loans (even ones issued though the Heritage Fund), loan guarantees and share purchases. The risks attached to these transactions, particularly in a highly cyclical and volatile economy such as Alberta, were significant, generally unknown at the outset, and largely open-ended.
Sure, there were some notable exceptions, but the high degree of risk of direct intervention in the private sector was illustrated by the fact that during the mid- to late-1990s, Alberta taxpayers lost more than $2 billion from these failed loans, guarantees and share purchases in major business projects.
Most notable were losses incurred on such high-profile business projects as Novatel Communications ($556.0 million), the Lloydminster Bi-provincial Upgrader ($392.5 million), the Millar Western Pulp Mill ($244.2 million), Gainers ($208.3 million), the Magnesium Company of Canada ($164.0 million) and the Alberta-Pacific Pulp Mills ($155.0 million).
The premier makes a valid point that financial markets may be averse to financing large business projects because of the risks associated with intrusive federal climate change policies and regulations. Thus, the argument is there’s a need for the provincial government to get involved in financing market failures in the capital markets.
However, from our remembrance of the past practises, raiding the Heritage Fund to pick “winners and losers” is the wrong prescription to solving this problem. Let’s use the tried and true policies of cutting taxes and streamlining regulations to attract more investment capital to Alberta to support business projects. And let’s focus on building a Heritage Fund of $250 billion to $400 billion that will help secure our province’s fiscal and economic future and the future for our children and grandchildren.
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