Staff Reports
In a move that has all the hallmarks of a dystopian government surveillance operation, the Biden administration has encouraged financial institutions to keep an eye on their customers’ economic behaviors, particularly targeting those who might be affiliated with President-elect Donald Trump. Under the façade of fighting terrorism and money laundering, the federal authorities are apparently keen on snooping around bank accounts without the pesky formality of subpoenas. This includes tracking purchases linked to conservative events, Bibles, and anything that even remotely echoes “Trump” or “MAGA.” Big Brother has officially gone financial.
A report released by the Select Subcommittee on the Weaponization of the Federal Government sounds the alarm that this intrusion could lead to a new phenomenon dubbed “debanking,” where political leanings might just get someone’s bank account shuttered, reminiscent of tactics used in a totalitarian regime. The public has witnessed cases like conservative filmmaker Dinesh D’Souza being debanked by JPMorgan Chase two years ago, raising eyebrows about the looming specter of financial discrimination against political beliefs.
Precious metal expert to start first-of-its-kind, gold-standard bank as way to prevent 'debanking' #news https://t.co/G78lpwhkzc via @JustTheNews
— Filtered News (@filterednews) December 9, 2024
In stark contrast to this worrisome trend, Christian Briggs—a veteran in the precious metals industry—is poised to launch the Gold Standard International Bank, a venture that seeks to provide a haven from prying government eyes. This new financial institution won’t just resist the urge to snoop or debank; it will also operate on the concept of the gold standard, which would make the idea of using currency that is not backed by gold seem as outdated as dial-up internet. In an era of rampant economic instability, launching a bank based on a reliable standard seems like a breath of fresh air.
Briggs has an interesting take on the economic landscape, predicting that Trump’s efforts could inadvertently contribute to rising inflation despite his intentions to reverse it. His views, while somewhat aligned with anti-Trump economists, underscore the complexity of the economic mess the country finds itself in. He suggests that lowering energy costs could eventually stabilize inflation below 3%—but not until 2026, if luck is on the country’s side.
Interestingly, while Briggs has his concerns about economic governance, he remains optimistic about Trump’s proposed Department of Government Efficiency. With influential figures like Elon Musk and Vivek Ramaswamy reportedly at the helm, there’s a glimmer of hope for cutting unnecessary government waste, which could lead to reduced interest rates and a more stable economy. He contrasts this progress with the catastrophic potential of Kamala Harris continuing her agenda, predicting that her policies would drag the country into an economic quagmire reminiscent of socialist regimes.
As for the actual mechanics of the Gold Standard International Bank, Briggs plans to set up shop where gold is treated as cash, allowing customers to secure loans against their valuable assets without falling victim to government scrutiny. With a high demand for liquidity against gold worth an estimated $22 trillion globally, his venture could fill a crucial gap in the financial landscape. It’s a bold statement against the current trend, serving as a potential bastion for conservatives wary of government overreach into their finances.
