Tag: banks

Canadian Banks Linked To Chinese Fentanyl Laundering Risk US Treasury Sanctions After Cartel Terror Designation

In an explosive interview with The Bureau’s Sam Cooper, David Asher – a former senior U.S. State Department official with close ties to the Trump administration’s financial and national security apparatus—issued a stark warning: Canadian banks could soon face a “new universe” of regulatory scrutiny from the U.S. Treasury. This follows the formal designation of Mexican cartels, including the Sinaloa group, as Foreign Terrorist Organizations (FTOs). According to Asher, the command-and-control structure for laundering proceeds from synthetic narcotics—produced using Chinese precursor chemicals—is largely orchestrated by Chinese triads operating out of Canada.

Asher warned that these transnational crime gang nexus seriously threatens both U.S. national security and the stability of the North American financial system. 

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19 Reasons Why the Federal Reserve Is at the Heart of Our Economic Problems

Most Americans have absolutely no idea how we got into the mess that we are in today.  The reason why the U.S. government is 36 trillion dollars in debt and our society as a whole is 102 trillion dollars in debt is because the system is performing exactly as it was designed.  We have a system that was literally designed to create colossal amounts of debt.  But if you ask most Americans about this, they cannot tell you what the Federal Reserve is or why it is at the heart of our economic problems.  When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for our rapidly growing economic problems.  But the truth is that the institution with the most power over our economic system is the Federal Reserve.  So exactly what is the Federal Reserve?  Most people would say that it is an agency of the federal government.  But that is not entirely accurate.  In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government.   The truth is that the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress.  This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground, and it has driven the U.S. government to the brink of bankruptcy.  The Federal Reserve operates in great secrecy  and it acts as if it is not accountable to the American people.  Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen.

If you really want to understand what is causing our economic problems, it is absolutely crucial that you understand exactly what the Federal Reserve is and how it is systematically destroying our economy.  Once you understand the truth about the Federal Reserve, you will view economic issues a whole lot differently.

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Eco-Fascist Mark Carney is Trying to Control the World Through Green Finance

Carney wrote an article in the Guardian published on 17 April 2019, “If some companies and industries fail to adapt to this new [anti-carbon] world, they will fail to exist.”

So enamoured of his own phrase, he repeated it five months later in his UN Climate Action Summit speech on 23 September 2019: “Firms that align their business models to the transition to a net zero [carbon] world will be rewarded handsomely. Those that fail to adapt will cease to exist.”

He also told the Climate Action Summit that all investments, at least all energy-related investments, will have to become green to be permitted – one of “50 shades of green,” as he put it.

On 22 September 2019, the day before the Climate Action Summit, he gave a speech during what law firm Lathan & Watkins referred to as an “insurance industry event” in which Carney said: “Changes in climate policies, technologies and physical risks in the transition to a net zero world will prompt reassessments of the value of virtually every asset. The financial system will reward companies that adjust and punish those who don’t.”

At this point, it’s worth recalling that Carney, in his opening speech at the City of London’s 2020 Green Horizon Summit, said that total net zero transition represents “the greatest commercial opportunity of our time” and “our objective for COP26 is to build the framework so that every financial decision can take climate change into account.”

Every financial decision means EVERY financial decision. Carney has led the campaign for a green digital crypto-currency to replace the US dollar. Since his announcement of this crypto plan on 22 August 2019, the Bank of Canada quickly fell into line declaring its support of the agenda.

Carney’s colleagues in the United Nations Conference on Trade and Development amplified this message a couple of months later saying:

“What is needed is a Global Green New Deal that combines environmental recovery, financial stability and economic justice through massive public investment in decarbonising our energy, transportation and food systems while guaranteeing jobs for displaced workers and supporting low carbon growth paths in developing countries… through the transfer of appropriate technologies”.

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Brookfield’s Deep Ties To Chinese Land, Loans & Green Deals

A review of corporate documents reveals that Brookfield—the influential $900 billion Canadian investment fund from which Liberal Prime Minister-to-be Mark Carney stepped away from in order to replace Justin Trudeau as Canada’s leader—maintains over $3 billion in politically sensitive investments with Chinese state-linked real estate and energy companies, along with a substantial offshore banking presence. One of its major real estate ventures, a $750 million entry into high-end Shanghai commercial property in 2013, involved a Hong Kong tycoon affiliated with the Chinese People’s Political Consultative Conference (CPPCC)—which the CIA labels a central “united front” entity of Beijing.

The investment occurred while China’s real estate bubble was peaking. Last year, as China’s market crashed, and vacancies soared in Shanghai, Brookfield under Carney secured hundreds of millions of dollars in loans from the Bank of China to refinance its Shanghai commercial land holdings. According to The Bureau’s research, this emergency loan came a decade after Carney, serving as Governor of the Bank of England, aided Beijing by facilitating the Bank of China’s expansion of its global financial footprint. In his 2013 speech, UK at the Heart of Renewed Globalisation, Carney announced that “The Bank of England [has] signed an agreement with the People’s Bank of China … Helping the internationalisation of the Renminbi is a global good.”

While Brookfield had already amassed well over three billion dollars in estimated investments and managed assets in China before Carney took the helm in 2020, research indicates that he played a role in expanding the firm’s footprint there. This included refinancing its 2019 acquisition of Shanghai commercial real estate—initially valued at approximately CAD $2 billion at the peak of China’s real estate bubble—though its actual worth was likely significantly lower when Brookfield secured nearly $300 million at four percent interest from the Bank of China last year.

Given that his history of deep investment in China—if not his holdings, reportedly now placed in a blind trust—could potentially color Carney’s plans for Canada, these developments are especially notable as a trade war between the United States and Beijing escalates.

Carney and his cabinet members will be sworn in at 11 a.m. this morning at Rideau Hall, the Governor General’s official residence. The timing of Carney’s appointment as prime minister adds urgency to ongoing questions about potential conflicts of interest, with matters further complicated by reports that his first international meeting will be with European leaders next week—who are themselves grappling with sweeping tariffs imposed by the Trump Administration.

Brookfield’s substantial investments in China—directly or indirectly involving state-linked entities—include hundreds of millions in renewable energy assets acquired through TerraForm Global in 2017, a $750 million real estate stake in China Xintiandi since 2013, a 2019 Shanghai land purchase valued at approximately $2 billion, a $100 million joint venture with GLP for solar projects launched in 2018, and reported plans to raise hundreds of millions more in both real estate and China green sector investments.

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Trump Treasury Expands Financial Surveillance

More than one million Americans are about to face a new level of financial surveillance. The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that the threshold for currency transaction reports has been lowered from $10,000 to $200 for Americans living in 30 zip codes in California and Texas. Financial surveillance in the United States has long needed reform, but this move is in the wrong direction.

FinCEN officially announced the temporary policy change as an effort “to further combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the United States.” Treasury Secretary Scott Bessent said, “As part of a whole-of-government approach to combatting the threat, [the] Treasury remains focused on leveraging all our available tools and authorities to better identify and counter these criminal activities.”

While this announcement is disappointing, it is not surprising. Alex Nowrasteh, the Cato Institute’s vice president for economic and social policy studies, warned people in February that President Trump’s decision to designate cartels as terrorists could have repercussions for civil liberties and the economy at large. Specifically, Nowrasteh noted that the designation would allow the government to freeze assets, enact secondary sanctions, and take greater control of the financial system generally.

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Trade War: Tariffs Are Needed To Defeat Globalism But They Come With A Cost

Ever since the days of Herbert Hoover and the official start of the Great Depression the concept of trade tariffs has been readily demonized across most of academia and among the majority of modern economic ideologies. Is is actually one area where globalists and free market economists tend to align (though each group has very different reasons).

Proponents of Adam Smith’s free market philosophy or Ludwig Von Mises and his Austrian school are Just as likely to be opposed to Donald Trump’s tariff plans as any globalist from the halls of Davos.

First and foremost we have to make it clear what tariffs are: Tariffs are taxes on international companies importing goods from other nations. These taxes are designed to force companies to import from countries outside of the tariff list or produce goods domestically. The primary targets of tariffs are actually corporations. The secondary targets are countries on the tariff list.

Austrian economists in their opposition to tariffs operate on the assumption that large corporations are “free market” entities. They also assume that globalism is a product of free markets.

Adam Smith might have witnessed the corruption of mercantalism, but he had no inkling of the monstrosity of modern globalism and how it would ultimately pervert the free market ideal. The same goes for Mises. Their support for global trade was contingent on the idea that government interference is always the root problem, the fly in the ointment.

They did not take into account the blurring of lines between corporations, governments and NGOs – They did not consider the corporate shadow government of Davos and the manipulation of markets in the name of “free trade”. They couldn’t have even fathomed the creation of organizations like the IMF, World Bank, the BIS, etc. at the time they came up with their economic theories.

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Trump Sues Capital One: Banking Giant Accused of Political Bias

President Donald Trump’s business trust has taken legal action against Capital One, accusing the bank of shutting down its accounts in 2021 due to political bias, allegedly inflicting significant financial damage.

Filed in Miami-Dade Circuit Court on Friday, the lawsuit, brought by the Donald J. Trump Revocable Trust and Eric Trump, alleges that the Virginia-based lender violated consumer protection laws in Florida and other states. The plaintiffs seek financial compensation for what they describe as an unjustified move that disrupted their business operations.

According to the lawsuit, Capital One informed Trump’s business in March 2021 that it would be closing hundreds of accounts holding millions of dollars within two months. The legal complaint broadens its argument by asserting that individuals and businesses across the country are being denied access to financial services due to their political views.

We obtained a copy of the lawsuit for you here.

“Plaintiffs have reason to believe that Capital One’s unilateral decision came about as a result of political and social motivations and Capital One’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views,” the lawsuit states.

The filing further alleges that Capital One’s decision reflects an industry-wide trend aimed at pressuring individuals and businesses to conform to certain political ideologies. “Capital One’s conduct is but one example of a systemic, subversive industry practice that aims to coerce the public to shift and re-align their political views,” it claims.

However, Capital One has denied these allegations, asserting that its actions were not politically motivated. “Capital One has not and does not close customer accounts for political reasons,” a spokesperson for the bank said in a statement.

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The Push to End Debanking

South Carolina Senator Tim Scott, who chairs the US Senate Banking Committee, is spearheading an effort to eliminate regulatory oversight of customer reputational risks in banking.

Scott has introduced a bill designed to put an end to debanking, a controversial practice that has been used to deny financial services to certain businesses and individuals based on subjective risk assessments.

We obtained a copy of the bill for you here.

Debanking allows banks to cut off clients deemed to pose “reputational risks.” The Federal Reserve defines this term as “the potential that negative publicity regarding an institution’s business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.”

The broad and vague nature of this definition has led to concerns that financial institutions wield too much discretionary power over who can access essential banking services.

Scott’s legislative push has garnered significant Republican backing, with at least 11 GOP lawmakers co-sponsoring the measure. Major banking industry groups are also lining up in support, including the Bank Policy Institute, which represents many of the country’s largest financial institutions.

“As Chairman of the Senate Banking Committee, I have made addressing debanking a top priority.

“This discriminatory and un-American practice should concern everyone, which is why I’ve led my colleagues in working to find tangible solutions. It’s clear that federal regulators have abused reputational risk by carrying out a political agenda against federally legal businesses. This legislation, which eliminates all references to reputational risk in regulatory supervision, is the first step in ending debanking once and for all,” said Senator Scott.

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Trump Yanks SBA Benefits From Illegals After ‘Record Invasion’

Illegal immigrants receiving taxpayer benefits are fresh out of luck – after the Small Business Administration (SBA) announced a series of reforms, including removing offices from sanctuary cities.

SBA administrator Kelly Loeffler said in a press release that the reforms will “put American citizens first by ending taxpayer benefits for illegal aliens.”

According to the agency, in the coming days it will require all SBA loan applicants to include citizenship verification so that only legal citizens are accessing its programs. Lenders will also need to confirm that businesses are not owned in “whole or in part by an illegal alien” in order to adhere to President Trump’s executive order prohibiting “taxpayer subsidization of open borders.”

The SBA is also relocating offices in six sanctuary cities, per the press release, including locations in Atlanta, Boston, Chicago, Denver, New York City, and Seattle. The new locations will be less costly, more accessible, and located in areas that “better serve the small business community and that comply with federal immigration law,” Fox News reports, citing the release.

“Over the last four years, the record invasion of illegal aliens has jeopardized both the lives of American citizens and the livelihoods of American small business owners, who have each become victims of Joe Biden’s migrant crime spree,” said Loeffler.

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Rep. Thomas Massie, Sen. Mike Lee Introduce Bills to Audit and Abolish Federal Reserve

Rep. Thomas Massie (R-KY) and Senator Mike Lee (R-UT) have teamed up to reintroduce the “End the Fed” bill in the House and Senate to liquidate the Federal Reserve’s assets and transfer all money to the Treasury. 

Additionally, Massie also introduced a bill to audit the Federal Reserve in the House.

Massie previously introduced the bills in 2024.

“The Federal Reserve Board Abolition Act was first introduced by former Representative Ron Paul (R-TX) in 1999 and hasn’t been reintroduced since 2013. In addition to introducing this legislation to “End the Fed,” Rep. Massie has also introduced H.R. 24, the Federal Reserve Transparency Act of 2025 to audit the Federal Reserve. H.R. 24 was originally introduced by former Representative Ron Paul (R-TX) in 2009,” according to a press release from Massie’s office.

The Act will abolish the Board of Governors of the Federal Reserve System and liquidate all assets to return to the taxpayer. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve, effective one year after the bill is signed into law.

Read the full bill here.

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