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Nigel Farage urges using multiple bank accounts, gold assets to protect against debanking

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From LifeSiteNews

By Emily Mangiaracina

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.

“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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2025 Federal Election

The Cost of Underselling Canadian Oil and Gas to the USA

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From the Frontier Centre for Public Policy

Canadians can now track in real time how much revenue the country is forfeiting to the United States by selling its oil at discounted prices, thanks to a new online tracker from the Frontier Centre for Public Policy. The tracker shows the billions in revenue lost due to limited access to distribution for Canadian oil.

At a time of economic troubles and commercial tensions with the United States, selling our oil at a discount to U.S. middlemen who then sell it in the open markets at full price will rob Canada of nearly $19 billion this year, said Marco Navarro-Genie, the VP of Research at the Frontier Centre for Public Policy.

Navarro-Genie led the team that designed the counter.

The gap between world market prices and what Canada receives is due to the lack of Canadian infrastructure.

According to a recent analysis by Ian Madsen, senior policy analyst at the Frontier Centre, the lack of international export options forces Canadian producers to accept prices far below the world average. Each day this continues, the country loses hundreds of millions in potential revenue. This is a problem with a straightforward remedy, said David Leis, the Centre’s President. More pipelines need to be approved and built.

While the Trans Mountain Expansion (TMX) pipeline has helped, more is needed. It commenced commercial operations on May 1, 2024, nearly tripling Canada’s oil export capacity westward from 300,000 to 890,000 barrels daily. This expansion gives Canadian oil producers access to broader global markets, including Asia and the U.S. West Coast, potentially reducing the price discount on Canadian crude.

This is more than an oil story. While our oil price differential has long been recognized, there’s growing urgency around our natural gas exports. The global demand for cleaner energy, including Canadian natural gas, is climbing. Canada exports an average of 12.3 million GJ of gas daily. Yet, we can still not get the full value due to infrastructure bottlenecks, with losses of over $7.3 billion (2024). A dedicated counter reflecting these mounting gas losses underscores how critical this issue is.

“The losses are not theoretical numbers,” said Madsen. “This is real money, and Canadians can now see it slipping away, second by second.”

The Frontier Centre urges policymakers and industry leaders to recognize the economic urgency and ensure that infrastructure projects like TMX are fully supported and efficiently utilized to maximize Canada’s oil export potential. The webpage hosting the counter offers several examples of what the lost revenue could buy for Canadians. A similar counter for gas revenue lost through similarly discounted gas exports will be added in the coming days.

What Could Canada Do With $25.6 Billion a Year?

Without greater pipeline capacity, Canada loses an estimated (2025) $25.6 billion by selling our oil and gas to the U.S. at a steep discount. That money could be used in our communities — funding national defence, hiring nurses, supporting seniors, building schools, and improving infrastructure. Here’s what we’re giving up by underselling these natural resources. 

342,000 Nurses

The average annual salary for a registered nurse in Canada is about $74,958. These funds could address staffing shortages and improve patient care nationwide.
Source

39,000 New Housing Units

At an estimated $472,000 per unit (excluding land costs, based on Toronto averages), $25.6 billion could fund nearly 94,000 affordable housing units.
Source

About the Frontier Centre for Public Policy

The Frontier Centre for Public Policy is an independent Canadian think-tank that researches and analyzes public policy issues, including energy, economics and governance.

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Automotive

Hyundai moves SUV production to U.S.

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MXM logo MxM News

Quick Hit:

Hyundai is responding swiftly to 47th President Donald Trump’s newly implemented auto tariffs by shifting key vehicle production from Mexico to the U.S. The automaker, heavily reliant on the American market, has formed a specialized task force and committed billions to American manufacturing, highlighting how Trump’s America First economic policies are already impacting global business decisions.

Key Details:

  • Hyundai has created a tariffs task force and is relocating Tucson SUV production from Mexico to Alabama.

  • Despite a 25% tariff on car imports that began April 3, Hyundai reported a 2% gain in Q1 operating profit and maintained earnings guidance.

  • Hyundai and Kia derive one-third of their global sales from the U.S., where two-thirds of their vehicles are imported.

Diving Deeper:

In a direct response to President Trump’s decisive new tariffs on imported automobiles, Hyundai announced Thursday it has mobilized a specialized task force to mitigate the financial impact of the new trade policy and confirmed production shifts of one of its top-selling models to the United States. The move underscores the gravity of the new 25% import tax and the economic leverage wielded by a White House that is now unambiguously prioritizing American industry.

Starting with its popular Tucson SUV, Hyundai is transitioning some manufacturing from Mexico to its Alabama facility. Additional consideration is being given to relocating production away from Seoul for other U.S.-bound vehicles, signaling that the company is bracing for the long-term implications of Trump’s tariffs.

This move comes as the 25% import tax on vehicles went into effect April 3, with a matching tariff on auto parts scheduled to hit May 3. Hyundai, which generates a full third of its global revenue from American consumers, knows it can’t afford to delay action. Notably, U.S. retail sales for Hyundai jumped 11% last quarter, as car buyers rushed to purchase vehicles before prices inevitably climb due to the tariff.

Despite the trade policy, Hyundai reported a 2% uptick in first-quarter operating profit and reaffirmed its earnings projections, indicating confidence in its ability to adapt. Yet the company isn’t taking chances. Ahead of the tariffs, Hyundai stockpiled over three months of inventory in U.S. markets, hoping to blunt the initial shock of the increased import costs.

In a significant show of good faith and commitment to U.S. manufacturing, Hyundai last month pledged a massive $21 billion investment into its new Georgia plant. That announcement was made during a visit to the White House, just days before President Trump unveiled the auto tariff policy — a strategic alignment with a pro-growth, pro-America agenda.

Still, the challenges are substantial. The global auto industry depends on complex, multi-country supply chains, and analysts warn that tariffs will force production costs higher. Hyundai is holding the line on pricing for now, promising to keep current model prices stable through June 2. After that, however, price adjustments are on the table, potentially passing the burden to consumers.

South Korea, which remains one of the largest exporters of automobiles to the U.S., is not standing idle. A South Korean delegation is scheduled to meet with U.S. trade officials in Washington Thursday, marking the start of negotiations that could redefine the two nations’ trade dynamics.

President Trump’s actions represent a sharp pivot from the era of global corporatism that defined trade under the Obama-Biden administration. Hyundai’s swift response proves that when the U.S. government puts its market power to work, foreign companies will move mountains — or at least entire assembly lines — to stay in the game.

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