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Sunday, March 07, 2021

Retreat means more retreat

One of these days, Gab is going to have to seriously consider testing whether these banks actually have the legal right to politically discriminate against them. Because running from one converged bank to the next doesn't appear to be working very well.

Last month, Gab CEO Andrew Torba revealed that the New Tech site had been banned from three different banks in the space of three weeks. On Friday in a statement posted online, Torba confirmed that yet another bank had banned the site from its services. “It’s getting to the point where we are seriously considering buying our own bank,” Torba said. “Funny how this started happening right when Biden got into office,” he added.  Two of the four banks were identified as NBT Bank, which mostly operates in the northeast of the country, and City National Bank of Florida.

Another option is foreign banks and foreign payment processing systems, both of which are usually more than happy to establish footholds in the US market. For example, the new Chinese peer-to-peer direct pay system not only avoids the converged banks, but the US dollar as well. If they're going to kick you out of the system, then you shouldn't hesitate to utilize the existing alternatives to that system, even those that threaten the system.

Anyhow, all this is going to accomplish is to speed up the development timeline of the peer-to-peer payment alternatives. If it's happening to Gab today, it will happen to everyone who votes, speaks, or thinks against the imperial establishment tomorrow.

43 comments:

  1. If only political ideology was a sexual preference. Or one of the new "genders".

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  2. If there is one thing I can say about Torba, he is so bowtie-brained he could probably get talked into driving himself to the gulag on the promise of free parking.

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  3. I suggest Eastern European or former Soviet-bloc country banks.

    Very friendly people, English-speaking, backed by growing economies and eager for American business. Someone should explore Polish banks!

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  4. NBT Bank says it's "focused on what matters".

    I used to be an external bank auditor (circa 2005) for a Big 4 firm. One of the most enlightening discussions I ever had was when I arrived at the client, to find everybody doing handstands. When I asked why the glee, an internal audit counterpart, said "come to my office about 10". When I arrived, she explained that they received a positive CRA score, what it was and how it worked and how it mean the the now taken over by Sovereign, taken over by Santander region bank could rest assure "that means Jesse Jackson won't be on our front door steps".

    Banks are the financial foot soldiers of the deep state, and I have no doubt that the laws and regulations passed after 2008, especially Dodd Frank have worsened that.

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  5. Vox I don't remember you talking much about Bitcoin, or crypto in general. Are enthusiasts being naive with regards to the world's governments deciding to just turn a blind eye to it? I can't see them not trying to control as much as they can.

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  6. Adversity will make us stronger more resilient and harder. The establishments turn to crackdowns and repression is creating what it fears most, its projections are going to materialize.

    If they are going use machine guns and throw people in prison for life for protesting them as the establishment is now suggesting then its going to result into some very interesting forms of protest.

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  7. For those who have not made to jump in the crypto yet, I just did it a few months ago. To save you all some time, I suggest checking these sites out first.

    Exchanges for converting currency to crypto
    Coinbase
    Binance

    Exodus - software to store your crypto locally, to protect it from exchanges being hacked

    Coinbase even gives you small amounts of free crypto for learning about the crypto.

    I have no affiliation with any of those sites.

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  8. This is Torba's fault for not incorporating in North Dakota.
    Bank of North Dakota is a state bank and as such is subject to first amendment lawsuits, but he's an idiot.

    He could still move his company's incorporation there, but again, an idiot.

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  9. "Just build your own bank bro" how long before gab's bank is robbed by hackers or the CEO is assassinated?

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  10. The column below goes into all things you may have to create as the deck is stacked against you. He is not black pilling, just going into the details.


    https://www.theamericanconservative.com/articles/you-cant-just-build-your-own-twitter/
    You Can’t ‘Just Build Your Own Twitter’
    To build an alternate social media website with a dissenting moderation policy, you must first invent the universe. Good luck.
    JANUARY 16, 2021|12:01 AM
    ROBERT MARIANI
    1. Build Your Own Website
    ...
    9. Build Your Own Government

    The Duran has explained how Russia handled the sanctions including import substitutions and partially financially decoupling from the West. Some Western diplomat recently complained that the US has run out of sanctions against Russia. I recall the EU recently threatened Russia with more sanctions and Russia basically called their bluff.

    So .... Josep Borrell paid a visit to Moscow on Friday and Foreign Minister Sergey Lavrov .... clubbed him like baby seal. When Navalny was mentioned Lavrov played a video clip of western police beating up protesters then Russian protesters beating up police. Also, three western diplomats attended a pro Navalny protest (and a court hearing?) so Russia threw them out of the country.


    https://youtu.be/fhVT9v9WTX8?t=237

    https://www.politico.eu/article/borrell-stands-by-as-lavrov-calls-eu-unreliable-partner/

    Video played by Lavrov.
    https://twitter.com/mfa_russia/status/1356674233464729609

    Long 20 min account of the meeting from Alexander Mercouris.
    https://youtu.be/gTaXUOI_uh8

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  11. One of the possibly unforeseen consequences of the push for the cashless society: if all my money is electronic, what the hell do I need the filthy scheming skimming banks for?

    Also, yet another thing that will be facilitated by the disappearance of the Boomer and their outsourcing of every last damn thing in their lives. Yes, we will have to take on more responsibility for our own finances, but in return we get far more control.

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  12. foreign will also want to establish a foothold on gab...

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  13. Alt-Retard Bank would be hilarious.

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  14. Anyhow, all this is going to accomplish is to speed up the development timeline of the peer-to-peer payment alternatives.

    Given the evolution of technology, there is ZE-RO reason for the current system, one that uses the Federal Reserve as a middleman, for clearing financial transactions. Indeed, with the rise of alternative currencies, banks as they've always existed will become inevitably obsolete, no matter how much the State attempts to force their use upon us.

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  15. "Just build your own bank bro" how long before gab's bank is robbed by hackers or the CEO is assassinated?

    You're right, the best thing to do is just stay there in your mother's basement, doing absolutely nothing. After all, if you take a girl out on a date, she might take half your action figure collection!

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    Replies
    1. "After all, if you take a girl out on a date, she might take half your action figure collection!"

      Not every man is as sex-obsessed as you guys. I don't need a girl, and the most retarded men had girls. Dysgenics is a thinGg because retards breed, imbecilic men had lots of children. According to your thinking -- and according to Darwinists as well -- Ghenghis Khan would be a man to be emulated. A despicable mass rapist who killed off around ten percent of the world's population back then.

      I would never pass on my ugly and paining hunched back, my mental illness even less, let alone my overall ugliness, short four inch wiener and other shortcomings. My grandfather was a hunchback already, my father too, and yet these idiots had children, despite complaining about back pain. And my father is a useless narcissist who flung me into this crappy world out of wedlock, did not care for my existence, and had women too. Yet he is a piece of ****, and I would have such men (and women) hanged in public. No one has the right to fornicate, especially not if he brings someone into the world this way.

      Most men who "get" girls are of very low genetic quality anyway. You guys don't seem to understand that girls and women have little capacity to judge a man's quality, which is why fathers and/or brothers took this into their hands during more civilzed times. F. Roger Devlin wrote the same in his "Sexual Utopia in Power".

      It's better, as Hans F. K. Guenther writes, to not pass on detrimental genetic makeup so as to not damage one's kin/people. Therefore, he who is genetically ill and of low quality acts wisely if he stays in his mother's basement instead of passing on crappy genetics, only to continue a line of Jukes or Kallikaks. No one needs that, and life is not great anyway.

      Delete
    2. Apologies, this was poorly written. My comic target was the escalation into absurdity of how "just build your own app" became "just build your own bank" followed by a prediction of the next chess move by the deep state. Was not meant as a blackpill.

      Delete
  16. A year or two ago I had the thought that we need updated civil rights legislation to protect people from discrimination, abuse and persecutions and having their rights trampled by private and public corporations.

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  17. So what is better: use offshore/foreign bank services or establish a bank here?
    I imagine the feds will simply say "all foreign services are now suspect because terrorism" and the latter move means endless red tape and federal fuckery.
    After what they did from November to January, they can pretty much do whatever they want and they already have a gun to us - that would be the monopoly on force and the complicit media ready to make up any story.
    But these are off the shelf approaches.
    There has to be a way to do something that they have not yet tabeltopped and think tanked. Everybody says "crypto currency!" but having seen only good ideas wither and go nowhere for lack of attention and their ideas grow legs overnight no matter how bad, anything everybody trusts, then I think twice before trusting it. Sort of like a goth serve.

    Overall I would probably trust a Russian bank before a Chinese one. And their is no more system we can rely on for justice. Does the dark web have anything other than money laundering and loan sharks?

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  18. SonyAD wrote:A year or two ago I had the thought that we need updated civil rights legislation to protect people from discrimination, abuse and persecutions and having their rights trampled by private and public corporations.

    About 15-20 years ago California has started down a line of case law where they wanted to treat the common areas of shopping malls as if they were a public sidewalk, for purposes of free speech rights.

    Then the blessings of diversity in the malls starting becoming apparent, and California backed off and the other states stayed far away from that idea.

    If a state wanted to, it could tweak its existing laws to require corporations to stop being unfair to conservatives, the same way the current laws require corporations to be fair on the basis of race/general/martial status...

    However, banks are exempt from quite a few state laws. And the various lending corporations and payment processors affiliate with banks to also be screened from state laws.

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  19. There was not one word of support for Gab from Trump and his Trumpeteers in the White House.

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  20. @8 Wahr01. if Andrew Torba is an idiot, where does that put you on the IQ scale?

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  21. Shouldn't they be able to bypass banks with crypto?

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  22. @18

    FL and TX are moving to regulate technology platforms.

    I expect the results to be pretty fun if they want to continue doing business in the houston-austin tech corridor or the metro miami area where these companies have been quietly but massively relocating while censoring anti-lockdown users.

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  23. @8. wahr01

    This is Torba's fault for not incorporating in North Dakota. Bank of North Dakota is a state bank and as such is subject to first amendment lawsuits, but he's an idiot.

    He could still move his company's incorporation there, but again, an idiot.

    @9. Pytor

    "Just build your own bank bro" how long before gab's bank is robbed by hackers or the CEO is assassinated?

    @20. Didas Kalos
    @8 Wahr01. if Andrew Torba is an idiot, where does that put you on the IQ scale?


    I won't make a statement on Torba's intelligence, but Gab is a front for Mossad.....so I don't believe that Torba is particularly worried about assassination. "Icing" him would accomplish absolutely NOTHING, and might even inspire some type of future revenge scenario from Mossad.

    But yes, Gab could incorporate in North Dakota, since the Bank of North Dakota is the only state-owned general service bank in the United States (that I'm aware of). A bank being subject to first amendment lawsuits is useful for businesses.

    However, I believe that either a Chinese, Russian, or other eastern European financial organization would be a financially wiser choice....in the long-term. China, Russia, and the eastern European nations will probably still be recognizable nations in 30 years, whereas...I doubt that will be the case for the United States. I strongly suspect America will have extreme balkanization long before then.

    I also have to assume the banks Torba approached know what organization Gab is a front for, so it makes me wonder why they're being banned by NBT Bank in the first place. It's odd.

    @17. Doktor Jeep

    So what is better: use offshore/foreign bank services or establish a bank here?


    It's probably better to diversify. If feasible, do both. If not, then do foreign banking.

    @17 Overall I would probably trust a Russian bank before a Chinese one.

    Generally, I agree. However, some Russian banks recently joined the China International Payments System (CIPS), which I believe is supposed to be an alternative to the SWIFT payment system (Society for Worldwide Interbank Financial Telecommunication). And I think Russia also has its own SWIFT alternative, SPFS (System for Transfer of Financial Messages). It was developed by the Central Bank of Russia after the American government threatened to disconnect Russia from the SWIFT system.

    But yeah, trusting the converged American banks is not a great idea any more. Let the various international Deep State financial institutions fight against each other, instead of fighting against you.

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  24. Crunchy Cachalot wrote:One of the possibly unforeseen consequences of the push for the cashless society: if all my money is electronic, what the hell do I need the filthy scheming skimming banks for?

    Where I am, a lot of employers insist on you receiving wages via direct deposit to a conventional bank account, and businesses expect payment into their own bank accounts.

    So a short answer to your question is, "To have gainful employment, and to procure goods and services."

    Another short answer is, "To pay taxes." There will certainly be a requirement to remit those in ordinary currency, and not being allowed to operate a bank account will not necessarily be an excuse. It will be a convenient way for the Government to go after badthinkers without having to (politically) defend explicitly prosecuting badthought.

    Perhaps technology has come up with virtual bank accounts that are accepted by mainstream banking systems and can be used to both send and receive funds, but behind the virtual bank accounts is something that is not a bank at all. That would neuter these threats.

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  25. @19
    And? Does Daddy Trump have to give his blessing to something for it to be "kosher" to you?

    Don't get me wrong, I love Trump, and believe he was robbed, but he is not and was NEVER God, and what he says or thinks has absolutely no relevance to what I believe or think myself.

    Use your own discernment on EVERYTHING. Stop caring about what other people think about things. Support them if their goals align with yours, and avoid them when they dont.

    I'll give you an example right here: Vox makes posts about sports ball and other notable names and figures in that industry. I dont care a lick about sports, so I don't read those posts or comment on them. And I certainly dont run out and go "oh, well Vox likes Tom Brady, so now I'm gonna go be a fan of Tom Brady too!"

    Trump didnt talk about Gab. Who cares? If you're involved in social media, look into them yourself. If you are not, then what do you care if someone else doesn't mention Gab?

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  26. @5. MATT March 07, 2021 2:59 PM
    Are enthusiasts being naive with regards to the world's governments deciding to just turn a blind eye to (crypto)? I can't see them not trying to control as much as they can.

    Oh they absolutely will, and already are....

    @7. Laughingdog March 07, 2021 3:23 PM
    Exchanges for converting currency to crypto
    Coinbase
    Binance


    ...through these on-ramp exchanges. I.e., Coinbase and (US branch-)Binance operate exactly like online stock-brockerages: they are corporations, and report to the authorities. Naughty peasants not paying their taxes will have their accounts seized just like they would lose a bank- or brokerage account in the same circumstance.

    Coinbase even gives you small amounts of free crypto for learning about the crypto.

    And the witch has a candy house. Children welcome.

    I have no affiliation with any of those sites.

    I am a Pi evangelist: Have a free coin, and make a few more per day. It currently has no listed value, but might someday. If it stays valueless, you lost nothing. If a Bitcoin whale pours in later in the year, your eyeballs will do a cartoon $flip$-$flip$-$flip$.

    The future of crypto is directly-traded money, and those with the most widespread networks of unique wallets, and whose apps render them the most convenient as currencies (such as direct phone-to-phone payment) will win out over earlier-generation proof-of-work stores of value.

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  27. @23

    >in the long-term. China, Russia, and the eastern European nations will probably still be recognizable nations in 30 years, whereas...I doubt that will be the case for the United States. I strongly suspect America will have extreme balkanization long before then.

    Is that true though? Will America balkanize or will it brazilize?

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  28. @23 How exactly is it a Mossad front? Genuinely curious on this one.

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  29. If Red-lining by banks and insurance companies is wrong, or unfair, racist, or immoral....

    I declare the same practice to be Blue-lining when individuals, firms, or groups are refused banking services because they are not politically correct to the Leftist Liberals, or contrary to the Leftist narrative, or not woke, or converged yet.

    I cannot find fault with Red-lining, since it is based on factual credit reports and the individuals and firms involved do not qualify for a loan, nor are they creditworthy. If you want to risk a two dollar sports bet with them, be my guest...as long as you are putting your own money on the line.

    Blue-lining is clearly much worse, much more widespread, and certainly partisan. Blue-lining is basically saying that half of the country, that voted for Trump, can be personally and severally boycotted, and denied banking services, without any financial reason. In fact, it is entirely foolish, since they would be a good customer and the bank would make money from dealing with them.

    If there cannot be Red-lining, there certainly cannot be Blue-lining.

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  30. >> Are enthusiasts being naive with regards to the world's governments deciding to just turn a blind eye to it? I can't see them not trying to control as much as they can.

    Let's say that a group of people start using rusty bolts salvaged from cars, or hell, I don't know, cigarettes, as a unit of trade.

    The government can do precisely what about that?

    Bitcoin can be no more government regulated than any other form of barter, or cash payments.

    If it's not in the banking system (official currency and coinage), government has few tools other than treating the alternative currency as contraband.

    Now, how is the government going to confiscate and destroy bitcoins?

    It's an impossible task because bitcoins are intangible.

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  31. >> Blue-lining is clearly much worse, much more widespread, and certainly partisan. Blue-lining is basically saying that half of the country, that voted for Trump, can be personally and severally boycotted, and denied banking services, without any financial reason. In fact, it is entirely foolish, since they would be a good customer and the bank would make money from dealing with them.

    >> And also the overwhelming majority of gun owners, especially rifle owners of who actually understand how to adjust the sights on those rifles to make 200 yard shots on an adult-sized target, as well as the majority of military veterans with experience in direct-fire, small arms engagements.

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  32. Andrea Daley Utronebel wrote:There was not one word of support for Gab from Trump and his Trumpeteers in the White House.
    When did Trump ever act in support of the people who supported him?

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  33. Johnny wrote:
    Is that true though? Will America balkanize or will it brazilize?

    Either way, do you want to bank in it?

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  34. DonReynolds wrote:If there cannot be Red-lining, there certainly cannot be Blue-lining.
    Who/whom, Don. As long as we're law-abiding, they can get away with anything they legalize.

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  35. Akulkis wrote:It's an impossible task because bitcoins are intangible.
    Doesn't bitcoin depend on a very tangible internet connection to very tangible compute nodes?

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  36. Akulkis wrote:In fact, it is entirely foolish, since they would be a good customer and the bank would make money from dealing with them.
    Publicly traded companies are in business to enforce the narrative, not to make money.

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  37. Gab doth protest too much. They are crying like every other controlled opposition (((e-celeb))) who gets conspicuously banned before anyone else for minor ideological reasons that nobody would get banned for. Gab glows like ecto slime. I'm so glad they showed their hand with the "hack" or we'd be handing them driver license scans for years to come.

    Communities that consider themselves valuable already create credit unions to deal with the problem. Banks are strictly for the usury-minded.

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  38. it might have led to shutdown already. gab has been down for hours.

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  39. @23 "I also have to assume the banks Torba approached know what organization Gab is a front for, so it makes me wonder why they're being banned by NBT Bank in the first place. It's odd."

    So, maybe your premise is wrong?

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  40. Joerg F. wrote:You guys don't seem to understand that girls and women have little capacity to judge a man's quality, which is why fathers and/or brothers took this into their hands during more civilzed times.
    We see your low quality just fine.

    You're not telling anyone anything we don't know. Talk less, do more.

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  41. VD 07Mar2021:
    "Anyhow, all this is going to accomplish is to *speed up the development timeline of the peer-to-peer payment alternatives*."

    Andrew Torba 30Mar2021:
    https://news.gab.com/2021/03/30/gab-next/
    "...we are working on some exciting new features and tools that will be possible once Gab Social is on the HYDRA infrastructure.

    These include a Marketplace for Gabbers to buy and sell goods and services, *a P2P payment system to exchange value with one another*, and our long-awaited video conferencing platform."

    Deus Vult!

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