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Tag: banking
September 25, 2025
TECH
UK

Farage Denounces Far-Left UK PM’s Mandatory Digital ID Cards Plan.

PULSE POINTS

❓WHAT HAPPENED: Reform Party leader Nigel Farage criticised the British government’s plans for mandatory digital identification cards, calling them an unprecedented threat to civil liberties.

👤WHO WAS INVOLVED: Nigel Farage, Prime Minister Sir Keir Starmer, Home Secretary Shabana Mahmood, and civil liberties groups including Liberty and Big Brother Watch.

📍WHEN & WHERE: The final announcement of Starmer’s “BritCard” system is expected on September 26,

💬KEY QUOTE: “They can know where you are at every given moment in time. They see what money goes in and out of your accounts.” – Nigel Farage

🎯IMPACT: Civil liberties organisations warn the system could harm privacy, equality, and civil rights, while failing to address illegal immigration.

IN FULL

Reform Party leader Nigel Farage has strongly criticised the British government’s plan to impose a mandatory digital ID system, calling it a serious threat to personal freedom. Farage said he is “vehemently opposed to this in every single way,” warning that such a scheme would give the state excessive control over the lives of ordinary citizens.

Prime Minister Sir Keir Starmer, of the far-left Labour Party, is expected to announce the introduction of the “BritCard” later this week. The proposed system would require all adults in the United Kingdom to obtain a digital ID to prove their legal right to live and work in the country. This marks a significant change in how individuals interact with the state and access public services.

Farage expressed deep concerns about the potential for mass surveillance, saying, “They can know where you are at every given moment in time. They see what money goes in and out of your accounts.” He also raised concerns about climate restrictions that could be enforced through digital monitoring, warning, “They can decide ‘you can’t go to Marbella, you’ve used up your carbon footprint for the year.’”

Referencing the COVID-19 pandemic, Farage drew comparisons with the use of vaccine passports, which divided society. “Frankly, for me, I saw enough during the pandemic with vaccine passports. It created a two-tier society of who could travel and who couldn’t,” he said. “You were seen as a danger unless you were vaxxed. Our freedoms were taken away in that period like we have never seen before.”

The plan has also sparked backlash from civil liberties groups. Both Liberty and Big Brother Watch have warned that the BritCard could threaten privacy and equality. Big Brother Watch has collected more than 101,000 signatures against the proposal, arguing that it could force vulnerable migrants into even more insecure conditions without effectively tackling illegal immigration.

Home Secretary Shabana Mahmood, however, supports the move, arguing that digital IDs could help reduce unlawful employment and improve access to government services.

The United Kingdom is not alone in pushing digital identification systems. Similar efforts are underway in the European Union (EU), where digital IDs are being linked with banking data, health records, and even biometric tracking. Critics warn that these systems could lead to greater government surveillance and loss of personal autonomy.

Global political figures like former British Prime Minister Sir Tony Blair have also advocated using digital ID systems to monitor and isolate political opposition, including those associated with populist movements.

Image by Gage Skidmore.

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christian charity
October 2, 2024
Economy
News
TECH

Bank of America Outage Leaves Customers with Zeroed Out Account Balances.

An unknown number of Bank of America customers found their accounts with a zero balance on Wednesday, as many complained of outages and disruptions online. According to Downdetector, thousands of customers reported being unable to access their bank accounts, while those who could found they had zero or missing balances. The incident incidents peaked shortly before 1 PM ET.

Many individuals took to social media platforms X (formerly Twitter) and Reddit to express their concerns, noting while balances were missing, debt amounts were still visible. The bank’s app confirmed the situation by notifying users of the temporary unavailability of accounts and balances. Some customers reported intermittent access to their accounts, but the scope of those affected remains uncertain.

Bank of America boasts 58 million clients utilizing its digital services. The incident follows other notable service outages this week, including those experienced by Spotify, Verizon, and PlayStation.

While it is unknown whether the disruptions may be related to possible cyber attacks, hostile hacking operations against the United States have increased in recent years. Last year, Iran-backed hackers broke into critical U.S. infrastructure in Aliquippa, Pennsylvania, where the local Municipal Water Authority announced that a water pump on a drinking water supply line had been taken over.

The number of cyber attacks on the U.S. power grid also increased last year, with at least 94 attacks on crucial electronic infrastructure in the first half of 2023.

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An unknown number of Bank of America customers found their accounts with a zero balance on Wednesday, as many complained of outages and disruptions online. According to Downdetector, thousands of customers reported being unable to access their bank accounts, while those who could found they had zero or missing balances. The incident incidents peaked shortly before 1 PM ET. show more
May 3, 2024
William Upton
Economy

WATCH: Biden’s Top Economic Advisor Doesn’t Know How The Fed, Treasury, And National Debt Work.

Jared Bernstein, chairman of Joe Biden‘s Council of Economic Advisers, appears to be utterly ignorant of how the Federal Reserve and U.S. Treasury Department work together to impact the country’s macroeconomic conditions. In an interview in a new documentary discussing Modern Monetary Theory, Bernstein struggles to describe how the U.S. government increases or decreases the monetary supply by purchasing or redeeming Treasury securities — and how this impacts the national debt.

“The government definitely prints money. And it definitely lends that money, which is why, um, the government definitely prints money,” Bernstein says, stumbling over a primary function and interplay between the Treasury and Federal Reserve. He continues, questioning the accuracy of his understanding: “And then it lends that money by selling bonds. Uh, is that what they do?”

“They, they, um, they, yeah, they, um, they sell bonds, yeah they sell bonds,” Bernstein continues, still struggling to articulate how U.S. monetary policy functions. He adds: “They sell bonds, and people buy the bonds and lend them the money.”

In reality, the U.S. Treasury Department auctions bonds and other securities to the Federal Reserve, foreign nations, American citizens, and other government agencies to cover federal spending that exceeds tax receipts and other government revenues. Regarding the Federal Reserve specifically, the Treasury prints U.S. currency for the central bank — selling it to them at cost. The currency is then distributed by the Federal Reserve to various banks and financial institutions or sold back to the Treasury through securities auctions.

The government does not generally lend money; this is the purview of the Federal Reserve. Bernstein, however, is at least partially correct that individuals and institutions who purchase Treasury bonds are lending the federal government money.

WATCH:

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Jared Bernstein, chairman of Joe Biden's Council of Economic Advisers, appears to be utterly ignorant of how the Federal Reserve and U.S. Treasury Department work together to impact the country's macroeconomic conditions. In an interview in a new documentary discussing Modern Monetary Theory, Bernstein struggles to describe how the U.S. government increases or decreases the monetary supply by purchasing or redeeming Treasury securities — and how this impacts the national debt. show more
John Eastman Bank Account Closures
April 18, 2024
William Upton
Lawfare
Politics

Trump Lawyer John Eastman Has Been DEBANKED.

Constitutional law professor John Eastman, a former legal advisor to Donald Trump, says his bank accounts with two major U.S. financial institutions were abruptly closed in the course of two months in late 2023. This phenomenon, known as “de-banking,” has targeted conservatives in both the United States and the United Kingdom. In June of 2023, Brexit leader Nigel Farage was informed that several of his UK bank accounts would be closed without explanation.

According to Eastman, Bank of America informed him in September 2023 that it would be closing his banking and other financial accounts. The second-largest banking institution in the U.S. offered the former Trump legal advisor no indication of why his account was being closed.

Following the notice from Bank of America, Eastman says he moved his accounts to USAA, a financial services and banking institution that serves military members, veterans, and their families. After just two months with USAA, the legal scholar received a notice that it would also close his accounts in November 2023. The bank cited its “Depository Agreement” as grounds for severing its business relationship with Eastman. Eastman was found preliminarily culpable on 11 charges related to advice he gave former President Trump on the 2020 election just several weeks prior to his de-banking by both institutions.

Bank of America has received tens of billions of taxpayer dollars through federal bailouts. The financial institution received an initial $15 billion in 2008 after the financial crisis. An additional $20 billion — along with a federal guarantee of $100 billion to help cover potential toxic asset losses from its absorption of Merrill Lynch & Co. — was awarded to Bank of America in early 2009. Both Bank of America and USAA also benefit from federal insurance programs.

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Constitutional law professor John Eastman, a former legal advisor to Donald Trump, says his bank accounts with two major U.S. financial institutions were abruptly closed in the course of two months in late 2023. This phenomenon, known as "de-banking," has targeted conservatives in both the United States and the United Kingdom. In June of 2023, Brexit leader Nigel Farage was informed that several of his UK bank accounts would be closed without explanation. show more
debanked
July 21, 2023
Jake Welch
News
UK

It’s Not Just Farage Being ‘Debanked’ in Britain…

A number of high-profile, politically exposed persons (PEPs) – including Members of Parliament amongst other political leaders – have had their private bank accounts closed over the past few months in in the United Kingdom.

The most high-profile example is Brexit leader Nigel Farage, who was “debanked” by Coutts Bank last month because of his close relationship to former President Donald Trump, appearances on InfoWars, and comments on political movements such as LGBT pride and Black Lives Matter.

But it’s not just Farage on the Chinese-style social credit chopping block. Multiple other PEPs have experienced similar, arbitrary action, including Brexiteer and leader of the Reform Party, Richard Tice; Member of the House of Lords and prominent Brexiteer Baroness Claire Fox; podcast hosts Konstantin Kisin and Frances Foster; writer Toby Young; and current British Chancellor of the Exchequer Jeremy Hunt.

British politicians have criticized the increasingly common move to restrict the ability of their colleagues to perform basic life functions such as opening a bank account, and have demanded action to prevent it from reoccurring. Prime Minister Rishi Sunak reacted to the Farage scandal: “This is wrong. No one should be barred from using basic services for their political views. Free speech is the cornerstone of our democracy.”

“In our increasingly cashless society, this is a brutally effective way of cancelling someone and is bound to have a chilling effect on free speech. Like many of the most fiendish forms of censorship, it was invented by the Chinese Communist party,” argues Toby Young.

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A number of high-profile, politically exposed persons (PEPs) – including Members of Parliament amongst other political leaders – have had their private bank accounts closed over the past few months in in the United Kingdom. show more
farage
July 18, 2023
Jake Welch
News
Politics
UK

Farage ‘Debanked’ For Friendships With Trump… and Novak Djokovic!?

Brexit leader Nigel Farage had his personal bank account closed by Coutts due to his friendship with former President Donald J. Trump, as well as tennis legend and vaccine refuser Novak Djokovic. The bank’s “reputation risk committee” kept a “Stasi-style surveillance report” on Farage, 59, which also bemoans his position on Brexit and LGBT issues.

Farage recently obtained access to the 40-page document which cites the company’s Equality, Social, and Corporate Governance (ESG) policies, as well as dedicating nine pages to alleged links to Russia before concluding: “NF seemingly has no direct links to Russia.”

Farage’s surveillance report makes negative mentions of his friendship with Novak Djokovic, appearances on Alex Jones/InfoWars, and his critical comments of Black Lives Matter.

The dossier mentions the 45th President 39 times, and Farage himself wrote on Tuesday: “The fact that I support Donald Trump is part of this charge sheet.”

The Brexit crusader concluded: “This story is not just about me. You could be next. Refinitiv, which monitors creditworthiness, can examine social media posts made by any of us on Facebook or elsewhere. If this situation is left unchecked, we will sleepwalk towards a China-style social credit system in which only those with the “correct” views are allowed to fully participate in society.”

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Brexit leader Nigel Farage had his personal bank account closed by Coutts due to his friendship with former President Donald J. Trump, as well as tennis legend and vaccine refuser Novak Djokovic. The bank's "reputation risk committee" kept a “Stasi-style surveillance report” on Farage, 59, which also bemoans his position on Brexit and LGBT issues. show more

Editor’s Notes

Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.

Farage Bank Chairman Took Donation From Gaddafi, Which I Made Him Resign Over.

RAHEEM J. KASSAM Editor-in-Chief
Stunningly, it appears that Farage’s old bank – Coutts – was also acutely aware of its political bias in compiling the dossier, so much so that it wanted to hide the fact that their Trump-hate was a motivating factor in this mess
for exclusive members-only insights
Stunningly, it appears that Farage’s old bank – Coutts – was also acutely aware of its political bias in compiling the dossier, so much so that it wanted to hide the fact that their Trump-hate was a motivating factor in this mess show more
for exclusive members-only insights