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Monday, June 18, 2018

Darkstream: Stripe and Operation Chokepoint


From the transcript of the Darkstream.

There's a lot of folks, especially on the Right, who would have a tendency to say, "well you know, what's the problem with that? I mean everybody has a right to sell to whoever they want to etc etc etc." Right, and that's true if you're looking at it from a theoretical point of view, but the reality is we don't live in a free economy, we don't live in a society where you are simply allowed to go and set up a bank with 200 dollars and begin payment processing and issuing credit and all that sort of thing anymore.

I don't think it was even a hundred years ago - somebody mentioned this on the blog - barely a hundred years ago it was possible to set up a bank for 200 bucks, start making loans, and that was how Regions Bank was founded originally. But you can't do that now because the banks - just like the hairdressers and just like every other self-interested group of people - have arranged to set up tremendous regulatory barriers, huge barriers to entry. For example, in, I believe it was Georgia, you needed to have 1,500 hours of training in order to be allowed to braid hair professionally!

Now this is ridiculous, as anyone who has been around junior high school girls for more than about 20 minutes will know. They sit around braiding each other's hair all the time, they don't need to spend fifteen hundred hours to be able to do it, and so what we are seeing is a private version of what was described as Operation Chokepoint by the Obama administration. Operation Chokepoint was a plan to deny banking and financial services to companies that were selling guns. If you're in the gun industry in any way, they were planning to target those companies, and in fact they are actually still doing so, but again on a private level because Hillary Clinton is not President, and so that's why you're seeing companies like Intuit, which owns Quicken, Intuit targeted I believe it was a gun retailer and possibly some gun manufacturers as well, and they're simply not working with them now.

You know, this is absolutely ridiculous considering that we have been indoctrinated for the past however many years, it's been 58 years or so, that you have no right to deny service to anyone for any reason. Suddenly now that the Left has completed its long march through the institutions, suddenly they are going to deny all that, they're going to attempt to deny the financial oxygen to all the  companies and all the people they don't like now. I'm not shocked by this. I'm not alarmed by this, you know, I'm a Christian and  we've been we've been told about the Mark of the Beast and and being
denied the ability to buy things, that that sort of persecution would happen since I was a kid at Sunday school. Now I have to admit I didn't expect to see it taking this kind of form, but it is.

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36 Comments:

Blogger CoolHand June 18, 2018 7:52 AM  

I've been fighting this same uphill battle myself, trying to secure a merchant account so that I can accept payment via CC on my website.

First bank slow rolled me for a month, never saying no, but also not doing anything either.

Finally fired them and went to another bank that was motivated, trying to establish themselves in the sector.

Things are on track now, but there was about a month there where I didn't know if I was going to be able to move forward or not.

Since my business is 2A related, all the usual suspects were right out, as I've read their ToS and found my field on the list of persona non grata businesses.

I've been saying we need to build an alternative to PayPal for years now, but since I possess neither money nor the ability to write software, there's basically nothing I can personally do to make that happen.

The new bank is openly 2A friendly, which keeps them pretty well un-converged, but there's no guarantee that they'll stay that way forever.

We really need a fix for this situation, but damned if I can tell you what it should be.

Blogger Rebel Skate June 18, 2018 7:58 AM  

An internet bill of rights will address these issues. I believe we will see a push on it after the mid-terms

Blogger The Kurgan June 18, 2018 8:01 AM  

Stupid question maybe, but given Russia is in a fight with Visa and Swift, night the answer (at least for a while) be to use a Russian provider?
A digital economy of rubles is still an economy right?

Blogger Peter Gent June 18, 2018 8:05 AM  

I see some of these efforts of disenfranchisement as testing the waters. They can't go after everyone, since the official users such as police, security companies, federal agencies, and the military have to deal with certain manufacturers and suppliers. That said, I believe they will do everything possible to shut down the convenience suppliers, such as local gun stores and other public retail outlets using this backdoor method. If you can't get the credit card and banking services you need, you will quickly go out of business and it will become harder and harder for the average person to get their guns and ammo.

Blogger Long Live The West June 18, 2018 8:11 AM  

You made a good point about regulation, and I believe that's the main issue here.

If it wasn't for all the regulation it wouldn't be a problem for the Right to compete against the never ending bail outs etc...

And of course it doesn't help that a large portion of conservatives encourage the Left's behavior by peacefully lying down on the tracks in an attempt to try and stop the train.

Blogger VD June 18, 2018 8:51 AM  

The new bank is openly 2A friendly, which keeps them pretty well un-converged, but there's no guarantee that they'll stay that way forever.

That was supposed to be Stripe's selling point. That's the problem with almost all startups. They make all sorts of great claims when they start out, and they probably even mean it at the time, but the moment they start scenting the big buyout money, they'll cheerfully sell out their grandmothers, never mind their principles, in order to cash in.

Startup is just another word for future sell-out.

Blogger Nathan Bissonette June 18, 2018 9:05 AM  

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Blogger CoolHand June 18, 2018 9:18 AM  

VD wrote:The new bank is openly 2A friendly, which keeps them pretty well un-converged, but there's no guarantee that they'll stay that way forever.

That was supposed to be Stripe's selling point. That's the problem with almost all startups. They make all sorts of great claims when they start out, and they probably even mean it at the time, but the moment they start scenting the big buyout money, they'll cheerfully sell out their grandmothers, never mind their principles, in order to cash in.

Startup is just another word for future sell-out.


Indeed. The proof of the pudding will definitely be in the eating.

I was encouraged though that the payment processor concurred when I suggested that we cut bait and move on from the first bank.

So far, they've shown themselves to be good people, and they work with several banks, so hopefully their contacts will prove diverse enough to give me some options, should the current bank become converged, or just change their mind to court potential buyers as you've suggested.

As the wise man said, "We'll see."

Blogger Mr.MantraMan June 18, 2018 9:31 AM  

Back in the hysteria of 1994 I bought a rifle and the gun shop salesman wrote on the old forms of the credit card company "accessories" not firearm and I asked him why and he said they flag and sometimes object. Of course I thought that odd, but here we are.

Blogger bob kek mando - ( "an entirely disconnected spew of word vomit" ) June 18, 2018 9:35 AM  

you might look into local Credit Unions. by their very nature, they're much smaller and more diversified than your typical GloboHomoBank.

but they still have nationwide networks where they can share access to your local account.

http://sharedbranching.org/

Blogger Othello June 18, 2018 9:41 AM  

Never thought I’d see the day New Testiament conspiracy theories are in the mainstream.

Blogger James Dixon June 18, 2018 10:03 AM  

> Never thought I’d see the day New Testiament conspiracy theories are in the mainstream.

O ye of little faith...

Blogger insight June 18, 2018 10:09 AM  

"That that sort of persecution would happen since I was a kid at Sunday school. Now I have to admit I didn't expect to see it taking this kind of form, but it is."

LefTARDS are following the script (Bible) they claim to know is not true, how funny is that. It's like they are automatons/bots or something. No wonder some people believe they are in a simulation.

Blogger Dirk Manly June 18, 2018 10:50 AM  

@11


"conspiracy theories"

You mean like the conspiracy theories that the Federal Prosecutors take before Federal Judges in Federal Courts every working day in this nation?

Blogger DonReynolds June 18, 2018 10:56 AM  

Excellent point, Vox.

In a capitalist economy, we would expect more Economic Man and less Soviet Man. Economic Man is profit seeking. He does things because he can make money doing it, which is the essence of business. It is not because we like the business, or the product, or our customers...but because we are in business to make money.

I guess the first time I noticed a major departure from profit-seeking behavior was with the Sullivan Rules. Sullivan was a Negro at the Ford Foundation that developed a set of rules governing acceptable behavior on the part of American foundations, funds, and other investors. Essentially, it was the institutionalization of the Liberal Agenda, more specifically not to buy stock in any business that has offices or trades with South Afrika. Of course, the Sullivan Rules were not a fixed target, so they could traverse the gun to point at any target they disapproved of, more recently that would be the State of Israel. It is a racket. The militants and radicals point and screech about "violations" of the Sullivan Rules and the Liberal Media rush in with the negative publicity, threatening boycotts and picketing. But the main point here is the willingness of big money to walk away from greater profits in order to satisfy a political agenda, disguised as a moral crusade.

Restrictions on individuals going into a line of work, through testing, permits, minimum training requirements, bonding, insurance, and all kinds of devices are corruption of the public trust. Law and Medicine led the way to it being nearly everyone these days....car mechanics, day care workers, realtors, building trades, shampoo technicians, and truckers. My favorite example is land surveyors. In some states, a land surveyor must have a degree in civil engineering and be a licensed engineer. In other states, there is no degree requirement or engineering license, but they have an exam and practicum requirement. All of these barriers to entry impart another drop of monopoly power to those already in the industry by protecting them from competition. Only the government can create monopoly power.....otherwise they are subject to competition.

Blogger Remonstrances June 18, 2018 11:00 AM  

insight wrote:"That that sort of persecution would happen since I was a kid at Sunday school. Now I have to admit I didn't expect to see it taking this kind of form, but it is."

LefTARDS are following the script (Bible) they claim to know is not true, how funny is that. It's like they are automatons/bots or something. No wonder some people believe they are in a simulation.


This, along with Vox's book, were big steps towards my returning to the faith. When I fell away, I fell away largely (at least on an intellectual level) due to a lack of faith and loss of belief in the Bible.

Then I watched over the next six years as my own personal life and the world at large vindicated everything the Bible had taught about the nature of the world, man, and how to live vs what leads to personal, social, and spiritual death.

Oops.

By the end of that, and after having had my objections answered rather well by The Irrational Atheist, as well as some harsh lessons from life, God brought me back. And watching the world around me...well, just in time, too, I'd say.

Blogger Jack Amok June 18, 2018 11:33 AM  

Startup is just another word for future sell-out.

And that too, is often a consequence of regulation. The regulatory pressure builds considerably as a company get's bigger and more noticeable, and tax laws make it nearly impossible to pass a valuable business on to family (unless you've already joined the swamp). Joining the Club is hard, so the simpler way to make money is to sell to someone already in.

Blogger wreckage June 18, 2018 11:40 AM  

@16
"Then I watched over the next six years as my own personal life and the world at large vindicated everything the Bible had taught about the nature of the world, man, and how to live vs what leads to personal, social, and spiritual death."

That's the thing, isn't it? I have trouble with some historical points, but the predictive power of the Bible's model of humanity and morality is damn near 100%.

Blogger Nameless One June 18, 2018 12:13 PM  

When government has the power to regulate businesses via "business licenses". Eventually the big businesses are going to raise the barriers to entry by bribing the politicians into making the cost of getting licensed so high that new entrants becomes rare to non-existant.
Which then in turn allow the existing businesses to act in non-competitive ways without fear of new competitors.

Government "licensing" is just another anti-freemarket program sold to the public under the guise of "consumer protection".

Blogger Snidely Whiplash June 18, 2018 12:29 PM  

Homo Economicus is a bigger lie than Homo Sovieticus.

Blogger insight June 18, 2018 12:51 PM  

"By the end of that, and after having had my objections answered rather well by The Irrational Atheist, as well as some harsh lessons from life, God brought me back. And watching the world around me...well, just in time, too, I'd say."

That's great to hear bro! Just keep nurturing your faith and it will grow.

You want to see power and authority? Right here... Revelation 5:13 Its just a matter of time.

Blogger eyeslevel June 18, 2018 1:01 PM  

While others are whining about what our enemies are doing or running around screaming "All hope is lost!", people like voxday are slowly, quietly building the institutions and the power base that will leave leftism on the ash heap of history.

Blogger DonReynolds June 18, 2018 1:20 PM  

Snidely Whiplash wrote:Homo Economicus is a bigger lie than Homo Sovieticus.

I am not willing to say either one is a lie.

Economic Man is rational behavior because it is rational to be self-interested.

The only thing rational about Soviet Man is the often demonstrated fact that they may kill you if you do not comply. Take away the threat, the coercion, and intimidation and there is nothing rational about Soviet Man.

The Leftist Liberals are the modern version of Soviet Man.

Blogger Howard Stone June 18, 2018 1:41 PM  

This comment has been removed by the author.

Blogger Matthew Funk June 18, 2018 2:45 PM  

I have heard that Visa and Mastercard threaten Stripe with deplatforming for enabling wrong thinkers. The source escapes me and I do not have a smoking gun.

Blogger Barf Barfolo June 18, 2018 3:06 PM  

I've been fighting this same uphill battle myself, trying to secure a merchant account so that I can accept payment via CC on my website.

First bank slow rolled me for a month, never saying no, but also not doing anything either.

______________________________________


Having been through this exact scenario, I can tell you that you are in for a surprise. There are only half a dozen actual credit card processors - everyone else is a reseller or middleman, even the banks. And once you are on their s-list, you will never, ever have a domestic merchant account and your bank(s) will be pressured to deny you any accounts, loans, lines-of-credit or access.

Blogger Zeroh Tollrants June 18, 2018 5:57 PM  

You are correct-in GA they require negroes to put in 1,500 hrs to legally braid each others' hair.
So, they do it "illegally," but I've never seen a Black person prosecuted for it, only white people seem to have to follow hair salon regulations in the state.
They're so many Asian nail shops in the South, people not familiar with how important the "weave and nail" combo are, would be stunned.
They rarely get any oversize, but a small few have been busted after people developed all kinds of nail herpes and various fungal infections afterward.
It's like the Wild West in most minority owned businesses in the South, especially around ATL, Birmingham, Nashville, Memphis.
Buyer beware, indeed.

Blogger insight June 18, 2018 6:50 PM  

I am not willing to say either one is a lie.

A pretty good blog post on lying... https://jamesaltucher.com/2018/06/useful-skills/

Blogger jdgalt June 18, 2018 6:58 PM  

Operation Choke Point was not aimed only at gun sellers, but at a whole list of businesses and the people who owned or worked in them. Others on the list included check cashing and payday lending services, pawn shops, and the porn industry (including individuals who performed in it).

What's more frightening to me is that none of these types of business was ever actually banned. Rather, the kickoff of OCP was simply a "guidance letter" published by the FDIC, saying that these businesses are to be considered at high risk of being involved in money laundering, and therefore, FDIC intends to comprehensively audit any banking institution which doesn't refuse service to them and their owners.

So it's more or less a "Dear Colleague" letter, but with a threat of expensive audits to compel compliance with it.

Blogger FrankNorman June 18, 2018 8:44 PM  

If they are pushing for a cashless society, they will essentially be using this to kick people out of the economy.

Time to start building the Alt-economy, I suppose.

Blogger CoolHand June 18, 2018 8:52 PM  

Barf Barfolo wrote:Having been through this exact scenario, I can tell you that you are in for a surprise. There are only half a dozen actual credit card processors - everyone else is a reseller or middleman, even the banks. And once you are on their s-list, you will never, ever have a domestic merchant account and your bank(s) will be pressured to deny you any accounts, loans, lines-of-credit or access.

Guess we'll see.

Though, the fact that I've been approved and website integration is now happening seems to put the lie to your prediction.

But maybe they're just trying to lull me into a false sense of security.

I'm not on anyone's shit list presently, for the simple fact that I'm such an utterly small fry that nobody would ever bother.

Maybe in ten years I'll be worth oppressing by name, but not right now.

Right now it's just general bureaucratic ass covering, inertia, and the standard resistance to anyone new being allowed onto the playing field.

Blogger insight June 18, 2018 9:29 PM  

"Time to start building the Alt-economy, I suppose."

Something the Alt-Right for obvious reasons needs to get out ahead of seeing how its definitely going cashless and with it more control freak behavior because leftards are such bots. Churchians and Cuckservatives will wait until the last minute and be caught looking of course.

Blogger DonReynolds June 18, 2018 10:35 PM  

jdgalt wrote:Operation Choke Point was not aimed only at gun sellers, but at a whole list of businesses and the people who owned or worked in them. Others on the list included check cashing and payday lending services, pawn shops, and the porn industry (including individuals who performed in it).

Practically any business can be in the money laundering racket. Anytime a significant amount of the revenues of the firm are in cash (and plenty of it) they were a natural. Organized crime has always had gambling and prostitution, but they also liked coin-operated laundry, retail gasoline stations, take-out pizza, and taxi cabs. Used furniture was Al Capone's favorite...in fact, he was still passing out his used furniture business card when he was in prison.

Blogger Ahärôwn June 19, 2018 12:10 AM  

Of course this means the courts have to be on side, of course:

https://www.lifesitenews.com/news/canadas-top-court-rules-religious-freedom

Time for the legislatures to explicitly narrowly define what powers regulators have, and break their monopoly if they overstep those bounds.

Blogger Dirk Manly June 19, 2018 3:00 PM  

"What's more frightening to me is that none of these types of business was ever actually banned. Rather, the kickoff of OCP was simply a "guidance letter" published by the FDIC, saying that these businesses are to be considered at high risk of being involved in money laundering, and therefore, FDIC intends to comprehensively audit any banking institution which doesn't refuse service to them and their owners."

Interesting, is it not, that they listed gun dealers, the porn industry, and check cashing businesses, but not the two primary centers of money laundering: Casinos, and everything connected to "modern art."

Blogger Dirk Manly June 19, 2018 3:19 PM  

@25 Matthew Funk

Are you a Hooligan? 92Y type?

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