In the wake of the New Zealand government’s zealous enforcement of the Anti-Money Laundering (AML) legislation, banks have been on a crusade to cancel accounts and freeze assets of individuals and organizations they deem “high-risk.” But beneath the veneer of righteousness lies a sinister reality. Banks are not the paragons of virtue they claim to be. In fact, they are the very embodiment of the predatory and exploitative practices they purport to combat.
The AML legislation, touted as a necessary measure to combat terrorism and organized crime, has become a convenient pretext for banks to indulge in a frenzy of account closures and asset seizures. But what about the banks’ own complicity in money laundering and other illicit activities? The hypocrisy is staggering.
Banks have long been accused of facilitating money laundering, tax evasion, and other financial crimes. In 2016, the Panama Papers scandal revealed widespread money laundering and tax evasion involving some of the world’s largest banks. More recently, the FinCEN Files scandal exposed how banks had knowingly facilitated transactions with suspected criminals and terrorists.
But the banks’ culpability goes far beyond mere complicity. They are, in fact, the architects of a system designed to enslave individuals and nations in a cycle of debt. The practice of usury, which involves lending money at exorbitant interest rates, has been condemned throughout history as a morally reprehensible practice. Yet, it remains a cornerstone of the banking system.
The consequences of this system are devastating. Individuals are saddled with debt, forced to work multiple jobs just to make ends meet. Nations are coerced into adopting austerity measures, slashing social programs, and privatizing essential services. The resulting inequality, poverty, and social unrest are all symptoms of a system designed to benefit the few at the expense of the many.
And here lies the laughable irony: the New Zealand government, ultimately controlled by the very same money masters, has given the banks the power to wreak this economic havoc. The same government that claims to be protecting its citizens from financial crimes has, in fact, enabled the banks to commit these crimes with impunity.
But what’s even more galling is the banks’ audacity in demanding to know what we plan to do with our own money. When making a withdrawal, banks often ask intrusive questions about the purpose of the transaction. Meanwhile, they themselves should be the ones being interrogated. What about their own shady dealings? What about their role in perpetuating economic inequality and social injustice?
Furthermore, the banks are furthering their grip on control by phasing out cash and pushing for a completely digital economy. This would ensure that every single transaction is monitored and controlled, giving them unprecedented power over our financial lives. The abolition of cash would also eliminate any remaining anonymity in our financial transactions, making it easier for banks to track and manipulate our behavior.
The banks’ stranglehold on the global economy has also been a major contributor to wars and conflicts throughout history. The ability to create money out of thin air, combined with the power to manipulate interest rates and control the flow of credit, gives banks an unparalleled level of influence over governments and economies.
So, when banks lecture us about the importance of complying with AML regulations, we should not be fooled. They are not motivated by a desire to combat crime or protect the integrity of the financial system. They are motivated by a desire to maintain their grip on power, to continue exploiting individuals and nations for their own profit.
The canceling of accounts and freezing of assets is merely a symptom of a larger disease. It is a manifestation of the banks’ insatiable hunger for power and control. Unless we recognize the true nature of this beast, unless we confront the predatory practices of the banking cartel, we will never be able to solve the majority of society’s problems.
The battle against the banks is a battle for our very freedom. It is a battle against a system designed to enslave us to reduce us to debt-slaves. It is a battle for the future of our planet, for the ability to create a world that is just, equitable, and free.
So, let us not be fooled by the banks’ hypocrisy. Let us not be intimidated by their power. Let us rise up, reclaim control of our lives, and let us create a world where the banks no longer hold us hostage.
The time for action is now. The future of humanity depends on it.
For more information see: Taxation & Monetary Policy
