Twenty Republican attorneys general have strongly denounced Secretary of the Treasury Janet Yellen for declaring that state laws banning debanking measures threaten national security – a push that AGs believe is a “disturbing trend of skirting the department’s responsibilities” by legislation to satisfy its political interests.
In a letter dated Aug. 1 and signed by Florida AG Ashley Moody and 19 others, the AGs announced their opposition to the latest attempt by the administration of President Joe Biden and Vice President Kamala Harris to allegedly fearmonger and stoke confusion regarding state laws through a recent letter sent by Undersecretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson to Florida opposing its anti-debanking law and others like it. The said laws are aimed at protecting the access of certain organizations to the financial sector, including conservative organizations, gun manufacturers and other groups. The laws argue that banks and other financial services firms have targeted these groups, closing or freezing their accounts.
“We, the attorneys general of Florida, Iowa and eighteen other states write to you today to stand against your radical approach to state laws promoting responsible money management and protecting consumers from discrimination,” the letter addressed to Nelson stated. “No consumer or business should be denied services based on political beliefs or religious views or because of some arbitrary social credit score derived from ideological agendas.” (Related: Yellen: White House needs $78 TRILLION to achieve 2050 Net Zero goal.)
Previously, the Treasury Department had a rule prohibiting banks from debanking except when a client was documented as unable to meet quantitative, impartial risk-based standards. However, “importing political activism into financial regulation” was what happened in the policy shift as per the AGs. […]
– Read More: www.naturalnews.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.