‘De-banking’ alarm sounded: Feds running secret program to spy on your money

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from WND:

‘It’s far more common than you might think. Thousands of Americans have had their accounts closed with little warning or explanation’

A new report from the Institute for Justice is warning Americans that their banks – and the federal government – secretly are spying on their money, their spending habits, their banking accounts and more.

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With the punishment up to and including closing those accounts if the owner strays from what the government approves.

Such as shopping at specific retailers, or making cash deposits just under $10,000.

The institute explained, “Most Americans have no idea their financial accounts are being monitored. And that’s by design. The same federal law that mandates this surveillance also prohibits banks from telling customers about these reports.”

That means the first indication that a consumer may have about a government bureaucrat’s issue with their activity is when their accounts are closed.

The institute explained Bryan Delaney, a bar owner in New York City, learned the hard way in 2023 when his corporate and personal accounts were shut down.

(Photo by Frugal Flyer on Unsplash)

It seems he offended Deep State members by often depositing cash amounts under $10,000 from his bar business.

The feds demand that such deposits over $10,000 are reported, and those under $10,000 are documented “because they do not trigger” that requirement.

Read More @ WND.com