Banks are closing accounts with no explanation or warning, and it might be a form of politically driven “cancel culture”.
At first you assume it’s a banking glitch, something that will be quickly resolved with a phone call. But imagine finding out that your account closure was intentional, and that the reason for it was because of a candidate you voted for, something political you shared on social media, or simply because you just wanted to remain anonymous.
Sounds crazy, doesn’t it?
What’s crazier is that this isn’t science fiction. It’s happening right now. One recent example involves a Chase Bank closure:
Sam Brownback, NCRF chairman and former U.S. ambassador-at-large for international religious freedom under the Trump administration, wrote in a piece published by The Christian Post that NCRF initially had a “very positive” experience with the bank.
But less than three weeks after it was opened, Chase informed NCRF on May 6 that the bank would be closing their account.
Brownback said there was “never an official cause given” when an NCRF official went to make a deposit into the account and a clerk said the account was closed.
That’s creepy. As far as I could tell, the NCRF didn’t commit a crime (like fraud). Brownback is also a pastor.
The article continued by describing how Chase would potentially reinstate NCRF’s account if Brownback made the organization’s political affiliations clear. Brownback declined.
The next example involves an anonymous Fidelity account holder who wanted to give money to a few conservative groups as well as a few left-leaning groups, but was thwarted when he attempted to make the donations.
What happened was reported by Newsweek. It appears like an obvious case of politically-motivated financial discrimination:
One Fidelity Charitable account holder informed ADF that the fund only asked him to surrender his anonymity to give to conservative nonprofits, not left-leaning ones. Over the last couple of years, he has directed gifts to four conservative nonprofits, including ADF, and to four left-leaning nonprofits through Fidelity Charitable. The gifts to the four conservative groups were either held up unless he surrendered his anonymity or were outright denied. The gifts to the left-leaning organizations passed through with no conditions, even though only one of those groups has earned a positive assessment from nonprofit industry evaluator Charity Navigator. One has received no score, another scored “poor,” and the third “needs improvement.”
Three of the four conservative nonprofits to which the donor tried to send money have also been labeled “hate groups” by the partisan and troubled Southern Poverty Law Center, a leading proponent of politicized banking.
Aside from the fact that the SPLC is a discredited partisan “watchdog,” it’s quite obvious that this individual just wanted to maintain his anonymity, which is a completely legal and reasonable desire. No matter. His financial institution selectively blocked the donations to the groups they disapproved of.
The last example (of many) involves Bank of America, and another strange bank account closure:
The report cites the sudden account closure of Elad Nehorai, who received an ominous alert while logging into his Bank of America account.
Elad explained: “Bank of America told me it was shut down. They refused to give me an explanation. They told me I would get my money after it was resolved. All of a sudden I find out I’m broke. I can’t feed my family and I can’t pay any expenses.”
But his situation was even more strange once the bank gave their explanation:
Bank of America told the news outlet that an FBI report triggered the shutdown of Nehorai’s account. Nehorai says he is the person who submitted that report to the FBI, to tell the agency that a scammer had impersonated him via email asking for money from one of his clients.
Who knows what the real reason was, or if this is just a case of incompetence?
In the end, the bank only allowed Nehorai to move his money. It never reopened his account. All (supposedly) because he wanted the FBI to do its job.
For now, it’s only unelected bureaucrats who are closing bank accounts, either for political reasons or because of agency incompetence.
But you remember how pre-Elon Twitter was working with the government to shut down certain political accounts? Imagine the same thing in banking. Eventually, it could be an elected official in the U.S. Government who works hand-in-hand with a bank to shut your account down. All because they might not like your politics.
That’s a textbook definition of fascism in the United States, folks.
Here Are 3 Possible Solutions to the “Debanking” Problem
The way I see it, there are three ways out of this politically motivated conundrum…
First, you could choose to move some of your funds into Bitcoin, or another crypto asset. That said, Bitcoin is being accepted at more and more places around the world, but it isn’t accepted as a normal form of payment yet.
Even countries like Ecuador, which have their own central “coin” (and despises Bitcoin), haven’t yet fully adopted crypto.
The second potential solution to the “debanking” problem could be to move your money into a bank that won’t close your account on the basis of your political affiliation. (Sometimes called the “Parallel Economy”.)
But these two solutions might leave you wanting more.
So, to me, there is really only one good solution, the third one…
The “Do What You Want With Your Money” Solution
Living the life of a digital nomad is, hands down, the absolute most fulfilling and free lifestyle there is.
You can live anywhere in the world, and still have an instant “exit plan” in case the Uniparty decides they don’t like your politics (or worse, classifies you as a terrorist).
There’s always somewhere safe to live freely, make good money, and keep as much of that money as possible. That also includes keeping your money safe in a bank account that won’t suddenly close for no apparent reason.
The best way to do all of that (and more) is to become a digital nomad.
But the question I get asked the most is: “How do I get started?”
The answer is: You can schedule the first in a series of unlimited 1-hour consultations with me when you become a GWP Insider.
On the very first consultation, you’ll get an insider’s perspective from someone who is actively and successfully living the digital nomad lifestyle…
Prepare your best questions for the first call, and we will:
- Help you find a much safer place to live while keeping your money secure.
- Work together to lower your tax burden and reduce costs (like your cost of living).
- Implement the business and wealth internationalization strategies that make sense for you, offered from an “insider” perspective you won’t find online.
People from all walks of life become GWP Insiders, like:
- A Canadian ecomm entrepreneur living in Portugal making 6-7 figures net. He needs to know where to register his company and how to get out of the Canadian tax system without owing much (or anything) in Portugal.
- A German SaaS company owner living in Thailand.
- A Brit who is nomadic with a digital marketing agency.
- An American with a digital products business living in Mexico.
- People who are escaping an authoritarian central banking system.
But even though my clientele are diverse, they’re all facing similar challenges.
They all want to keep their money safe, use the right business structure, and optimize it for a low-tax multi-jurisdictional approach in different parts of the world (with a high quality of living).
Not to mention, in an emergency my clients could pack up and easily leave at a moment’s notice…
And I’m the one guy they come to for help!
So if want a rock-solid exit plan, where you can exploit every possible tax loophole, all while avoiding the #1 most common business structure mistake (plus others unique to your situation)…
Then you should join us inside GWP Insiders.
Once you join, you’ll immediately get to schedule your first 1-hour consultation with me. This can be used to:
- Discuss your banking situation…
- Find ideal locations that could help you “get away from it all”…
- Talk about proper business structure…
- Or even to make professional introductions for your specific needs.
One consultation would normally cost $445 to $4,000 depending on your situation, but GWP Insiders get unlimited consultations at no additional charge.
You’ll also gain access to the private membership area, which includes a variety of business, life, and wealth internationalization strategies that give you shortcuts to success with the following:
- Offshore companies,
- Trust planning,
- Tax planning,
- Real estate,
- 2nd passports,
- Discounts on offshore structures
- And so much more.
Once you’re a member, you’ll want to immediately download and read the latest edition of my Offshore Banking Report.
Inside this valuable guide you’ll discover safe places to put your money along with my commentary to guide you, plus a whole lot more:
- The 9 best licensed offshore banks, plus my commentary on each.
- How to start banking in the US without visiting a single branch.
- How to leverage “Fintech” institutions like the wealthy elite do.
- How FATCA could “trap” you even if you aren’t a U.S. Citizen.
- The Top 5 Traditional U.S. Banks that accept non-residents.
Look, I’ve made joining GWP Insiders and scheduling your first 1-hour consultation with me as easy as taking a walk in the park.
But if you’re still skeptical, let me provide just one example of the potential value that waits for you inside…
This one comes from a recent client case study (I’ve changed their names for privacy purposes of course):
My client, Mike and his wife Sara run a very successful online coaching program. Mike is American and Sara is from New Zealand.
They earn just a bit over $1 million per year in next taxable income. Mike and Sara were paying around $350,000 per year in taxes when they joined GWP Insiders and scheduled their first consultations.
After a few consultation calls, some business restructuring and a bit of creative residency planning, now Mike and Sara pay precisely zero in income tax, all completely legal in the US, New Zealand and their current country of residence.
Of course Mike and Sara had to invest money in addition to the membership program, but let’s just say their net tax savings was several multiples of their total investment to restructure.
That’s because I taught them several secrets that their accountants had no idea existed.
And here’s the funny part: They were so skeptical, they hired their lawyer to review my plan and he had no idea what I proposed was possible, but in the end he confirmed with Mike and Sara that everything was legit.
Not only that, Mike and Sara’s lawyer now refer clients to me.
And now, for a limited time, I have one more surprise for you to get started…
If you go to this special page and sign up you’ll also receive an 80% discount.
To live freely is divine,
Bobby Casey
Location Independent Entrepreneur
P.S. You could wake up one morning to find your bank account closed for no other reason than your political position. The good news is you can implement a “do what you want with your money” plan even faster…
Once you join us, bring me your toughest questions about banking somewhere safe if things go south, and becoming a digital nomad. I’ll answer all of them on our very first call, from the perspective of an insider who is doing it.
Massive financial and personal security for the right person. Hurry, and go to this link to save 80% right now.
