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Friday, December 02, 2022
Corporate gun control
Just as Democrats used social media to censor people, Democrats plan to use banks to disarm people.
Priscilla Sims Brown, president and CEO of Amalgamated Financial Corporation, announced her bank will closely track gun purchases that use credit cards.
Bloomberg reported that the bank will screen gun purchases and file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network. She said, “We’re at the very early stages of this — this particular code just got approved in October, so those detection scenarios are still being brought together. But as this is implemented, those scenarios will be used.”
We call this merger of government and businesses fascism.
Amalgamated is a small bank with assets of $6.6 billion. My suspicion is it will serve as a prototype for larger banks.
I suppose people could get around this by paying in cash but the government limits how much cash a person may carry.
Bloomberg, owned by Mini Mike who opposes private ownership of guns, said, “The International Organization for Standardization approved a new merchant category code earlier this year that banks will use when processing transactions for gun and ammunition stores after Amalgamated submitted an application on the matter. Gun-control advocates were quick to celebrate the move, arguing it would help banks flag suspicious activity at these retailers.
“While major payment networks have said they would adopt the new code, some have argued it won’t have its intended effect. Visa Inc., for example, has said it doesn’t have access to data showing the products consumers are actually buying. That means the network and its banking partners would have no idea if a gun-store customer is purchasing an automatic rifle or safety equipment.”
The media and the banks are using a 2017 shooting in Las Vegas to rationalize this attack on the right to keep and bear arms.
CNBC reported, “The shooter who killed 59 people at a Las Vegas music festival in 2017, for example, charged over $90,000 on credit cards prior to the shooting. The New York Times reported that the shooter had opened six new credit card accounts over the months prior, and twelve days before the shooting, began an over $26,000 firearm and ammunition buying spree. Before that, his average spending was only a mere $1,500 a month.”
Let’s see, he borrowed $90,000 and spent $26,000 on guns and ammo.
Where did the rest of the money go? That is literally a $64,000 question. And this is not a suspicious activity because people racking up a lot of credit card debt in Las Vegas. That is why banks put ATMs near casinos. The casinos profit, the banks profit and the state profits.
Would this change have stopped the man? I seriously doubt it. The FBI receives warnings all the time about potential mass shooters and never seems to stop any.
By the way, five years later, the government has not disclosed any motive for this tragedy.
Trusting the banks is a lot like trusting the government. I don’t advise it.
Posted by Don Surber at Friday, December 02, 2022