America is adopting a Chinese-style social credit system

In a shocking turn of events, a new trend known as “de-banking” is starting to gain traction in America, leaving many conservatives concerned about the implications for their financial freedom. This phenomenon involves banks terminating individual accounts for reasons related to legal, liability, or reputational risks.

Recently, over a dozen Republican attorneys general penned a letter to the Chairman of the Board and CEO of Bank of America, accusing the institution of potentially discriminating against customers based on their religious or political views. The attorneys generals allege that BOA is working with federal agencies to profile conservative and religious Americans as potential domestic terrorists.

This move by banks to potentially target individuals based on their beliefs is reminiscent of the censorship seen on social media platforms like Facebook and Twitter. The concern is that if individuals are “de-banked” from major financial institutions, they may have limited options for conducting financial transactions.

Conservatives are particularly worried about the implications of this trend, as it echoes past instances of government overreach, such as the targeting of conservative non-profits by the IRS under the Obama administration. The lack of transparency in the banking system and the potential for subjective standards to dictate account cancellations raise serious concerns about the power that a select few could wield over the financial lives of citizens.

As the debate over “de-banking” continues to unfold, many are questioning the impact on individual freedoms and the potential for a system of financial control that could infringe on the principles of a free society. The need for transparency and accountability in the banking sector has never been more apparent as concerns grow over the weaponization of financial institutions for political purposes.