by Corey Lynn and The Sharp Edge, Corey’s Digs:
A steady descent into financial tyranny is taking place one step at a time, as major banks continue to target customers based on their beliefs. JPMorgan Chase is listed among a host of financial institutions as “high risk” for cancelling or denying services based on views or beliefs, according to a nonprofit organization dedicated to protecting consumers and businesses from woke capitalism.
The latest victims of this debanking trend are Dr. Mercola, his business associates, and their family members. The following excerpt of Dr. Mercola’s article titled “Chase Shuts Down Bank Accounts of Mercola and Key Employees,” outlines the cancellations of personal and business accounts by JPMorgan Chase with little to no explanation provided.
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“July 13, 2023, JPMorgan Chase Bank suddenly informed me they are closing all of my business accounts, both banking and investment accounts, along with the personal accounts of my CEO, my CFO and their respective spouses and children.
No reason for the decision was given, other than there was ‘unexpected activity’ on an unspecified account. The oldest of these accounts has been active for 18 years.
Politically-Motivated Harassment
This is what the new social credit system looks like, and what every soul on the planet can expect from the central bank digital currencies (CBDCs) that are being rolled out. Go against the prevailing narrative of the day, and your financial life will be deleted with the push of a button.
It’s difficult enough trying to navigate this hurdle today. Once everything is digitized, cash eradicated and the social credit system completely integrated and automated, this kind of retaliatory action for wrongthink could be a death sentence for some people.
My CFO, Amalia Legaspi, whose Chase accounts — including a joint account with her husband — were closed along with mine, is now struggling to figure out how to pay for her husband’s health care in the Philippines. He’s bedridden with dementia and is wholly dependent on her financial support, and she’s not allowed to open another bank account in his name.
‘I have to provide all the legal documentations including notarized physicians’ affidavit from the Philippines to prove that my husband is incapable of handling his finances and request the Federal to directly deposit the pension to my own personal account,’ Legaspi told Florida’s Voice.
Legaspi’s son’s account — which he’s using to pay for college expenses — was also cancelled. My CEO, Steven Rye, believes his and his wife’s accounts were shut down because of my opinions on COVID-19. He told Florida’s Voice:
‘I believe they cancelled all of the accounts because of Dr. Mercola’s (our employer) opinions. He has carried a contradictory view throughout the COVID narrative and co-authored the best-selling book ‘The Truth About COVID-19,’ which exposed the likelihood that this virus was engineered in a laboratory funded by the NIH.’
In May 2023, Florida Gov. Ron DeSantis signed legislation specifically prohibiting financial institutions from denying or canceling services based on political or religious beliefs.
Apparently, Chase Bank is bowing to some other ‘authority,’ and perhaps they refuse to cite a specific reason for the cancellation, ‘for legal reasons,’ is because they know they’re acting unlawfully.
Generational Punishment for Wrongthink
On top of closing the accounts of Rye and his wife, Rye also was told his young children will not be able to open accounts with Chase Bank.
‘It’s just hard to believe that your family, your wife, your kids can’t have a bank account because of the opinions of your employer and they’ve never done anything wrong. We all have completely clear records,’ Rye told Florida’s Voice.
In a voicemail reply, a Chase Bank representative told Rye the reason for closing his personal accounts and that of his wife could not be disclosed ‘for legal reasons.’ He was, however, told he could submit paperwork to have their accounts reconsidered. ‘We are going to try because you’re a good client of our institution,’ the representative said.”
Florida’s Anti-ESG Law
Debanking Dr. Mercola, his employees, and their family members for “wrongthink” is not only outrageous, but it’s also illegal.
Thanks to Anti-ESG legislation signed into law in May, financial institutions operating in the state of Florida are prohibited “from discriminating against customers for their religious, political, or social beliefs.”
Furthermore, the financial sector is banned from “considering so-called ‘Social Credit Scores’ in banking and lending practices that aim to prevent Floridians from obtaining loans, lines of credit, and bank accounts.”
Provisions of the new Florida statute, which took effect on July 1, 2023, will be enforced “to the fullest extent of the law” and banks that violate these provisions will be subject to sanctions and penalties. As Dr. Mercola noted, JPMorgan Chase Bank informed him of the account closures on July 13, 2023, after the new law was put into action.
JPMorgan Chase’s History of Debanking & Lawsuits
The flagrant discrimination Dr. Mercola and his associates experienced is not unique. In fact, 19 state attorneys general have put JPMorgan Chase & Co. (Chase) on notice for allegedly disenfranchising customers who hold religious, social, or political beliefs that are antithetical to the bank’s ‘woke’ ideology.
Despite Chase’s own public statements that, “No form of discrimination, harassment, inappropriate or abusive conduct is tolerated by or against employees, customers, vendors, contractors or any other individuals who conduct business with JPMorgan Chase,” attorneys general in 19 Republican states assert that the financial institution “de-banked a preeminent religious liberty organization. And this was not an anomaly, as there have been at least two other similar incidents.”
