DEBANKING: Brexit leader warns CBCDs will bring tyranny after his longtime bank closed his account
By Belle Carter // Jul 13, 2023

For former member of the European Parliament and Brexit leader Nigel Farage, the prevalent "debanking" efforts in the United Kingdom are paving the way for the tyranny of a cashless society. The said practice by traditional banks of suspending accounts is apparently driven by the use of holdover European Union directives prior to Brexit, Farage said.

Farage, who was also the former leader of the U.K. Independence Party, recently disclosed his longtime bank had closed his account and that nine other banks refused to offer him their services. He analogized the current phenomenon with Canada, where the leftist government of Canadian Prime Minister Justin Trudeau froze the bank accounts of truckers protesting lockdown restrictions.

"The ultimate fear is if we get CBDCs (central bank digital currencies). We could finish up like the Canadian truckers, who were within the law, found themselves outside the law and had their bank accounts frozen. Controlling people's money would be the ultimate form of tyranny," Farage warned.

Farage has speculated that his blacklisting has come from being designated a politically exposed person (PEP), which is supposedly intended to prevent political figures from engaging in money laundering and bribes, originated from an initiative by the G7 in 1989 and was later adopted by the European Union.

Also debanked were many other prominent figures in British political circles, including the Chancellor of the Exchequer himself, Jeremy Hunt, who reportedly was blocked from opening an account with the online bank Monzo last year. Others such as Lord Clarke, who served as treasury chief under John Major, and Russian-British aristocrat Alexandra Tolstoy have said their accounts have been shut.

But even ordinary Britons reached out to him to share their experiences with the British banking system shutting down their accounts, including many cash businesses, Farage noted. "They've got one thing in common, everything from the local window cleaner to pawn brokers, anybody involved in cash businesses have been losing accounts because they're suspected of being money launderers. The whole thing is outrageous," he said.

In support, GB News, which is Farage's home network as a broadcaster, launched a petition against the incoming cashless society to "protect the status of cash as legal tender and as a widely accepted means of payment in the U.K. until at least 2050." According to the free-speech media network, over five million citizens depend on cash for their daily trade and the currency is used in six billion transactions yearly. However, since the beginning of the Wuhan coronavirus (COVID-19) pandemic, going cashless has greatly accelerated.

"In the wake of the COVID pandemic, more and more shops, cafes and pubs are choosing only to accept card payments. And with the rise of Apple and Google Pay, vulnerable people who rely on cash are increasingly being left behind by the relentless march of technology," the petition stated.

Another bombshell warning: Biden to secretly force UK to join EU army

Meanwhile, Farage issued another warning just before the North Atlantic Treaty Organization (NATO) summit in Vilnius, Lithuania. He alerted that President Joe Biden has a secret agenda to support the creation of an E.U. army. In an exclusive interview with, he cited the POTUS's decision to snub U.K. Defense Secretary Ben Wallace as the next NATO Secretary General. Biden instead pushed for E.U. Commission President Ursula von der Leyen for the said powerful post. These are obvious signs that he has a "hidden agenda."

Von der Leyen was Germany's chief defense minister, pushing heavily to create an E.U. army. Farage pointed out that the former German defense minister "was a disaster" when she was handling the said position. So bad that at one point German soldiers had to carry broomsticks under her watch because they had run out of guns.

Moreover, pacts were signed with countries such as the Czech Republic to have a proto-EU. army while E.U. mechanisms such as the Permanent Structured Cooperation (PESCO) arrangements, set up the infrastructure for a single European force.

Bookmark to read more about the massive drive to shift to cashless transactions.

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