Big corporations with “woke” policies are waking up to the fact that smaller businesses are glad to take the business they shun.
American Banker reported that corporate banks are quaking in their boots over the Texas state legislature’s debating a bill that would end taxpayer support to contract with corporations that willfully discriminate against the firearm industry. The bill, SB 19, is termed the Firearm Industry Nondiscrimination (FIND) Act and would end discrimination by corporate entities against the firearm industry if those companies wanted to do business with the state.
The legislation would deny corporations the ability to benefit from taxpayer-funded state or municipal contracts while at the same time holding policies that would deny services to firearm-related businesses. Texas’s legislature is taking a stand that they’re unwilling to sell out the Second Amendment rights of their citizens to safeguard the profit margins of big corporations that use their might to force policy outside of legislative channels.
The bill passed the state’s House of Representatives and is pending in the state Senate. One group is now saying they’re fine with the $58.4 billion in local bonds that are at stake. If corporate entities – including big banks like Bank of America and Citigroup – choose to deny services to an entire industry because they don’t want to support Second Amendment rights, local banks are ready to take the business.
Locals Like It
“I don’t think it’s an issue in Texas with our banks domiciled here. We have remained neutral on this,” said Steve Scurlock, director of government relations for the Independent Bankers Association of Texas, according to American Banker. “This may give some opportunity for expansion in the public finance space for our community banks.”
The legislation doesn’t force the state to end contracts with corporations. All it does is require corporations that seek to do business with the state and local municipalities to certify that they hold no policies that discriminate against firearms or ammunition businesses and won’t hold those policies while the state contracts are in force.
Corporations that have contracts could continue to compete for them, should the bill be passed by the state Senate and signed by Republican Gov. Gregg Abbott. They just have to stop unfairly discriminating against an industry that provides the means for Second Amendment rights.
Texas state Rep. Giovanni Capriglione shepherded the bill through the House and said it’s really quite simple.
“They should not be able to receive taxpayer dollars if they do not support the Constitution,” Rep. Capriglione said. He was ready to name names too.
When pressed, Rep. Capriglione said Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and U.S. Bancorp., along with Intuit, Square and PayPal have all held discriminatory policies to choke out gun-related business while they enjoy Texas tax money to do it.
The legislation was so important to the state that Republican Lt. Gov. Dan Patrick marked it as one of his top 30 priority bills at the start of the legislative session. The bill’s lead sponsor, Republican state Sen. Charles Schwertner, explained the bill’s importance this way.
“These institutions hold our money and attempt to use financial pressure to infringe upon our Second Amendment rights,” Rep. Schwertner said. “This is unacceptable.”
Step Carefully
Corporations are huffing and puffing, telling legislators that if the bill is signed into law, it will cost taxpayers more money. Local banks, whose employees live, work and raise their families in Texas are singing a different tune, according to the Texas Bankers Association.
“This is Texas where there is broad support for the Second Amendment by our elected state leaders and a large number of our bank members, so our association has not opposed the legislation,” the group’s general counsel, John Heasley, said in an emailed statement to American Banker. “It is also a competitive marketplace, and in that context, individual institutions have to decide for themselves their policies and the implications based on the markets and customers they serve.”
In other words, Heasley’s telling big corporations not to step in something that can’t be scraped off.
That’s not just common sense. That’s smart business.
Larry Keane is SVP for Government and Public Affairs, Assistant Secretary and General Counsel of the National Shooting Sports Foundation.
When Big Banks Dump Firearms Industry Customers, Smaller Banks Are Ready to Step In
Until the Feds show up for a “surprise” audit and find “discrepancies” in their books…
Look what happened to the insurance company that the NRA used for Carry Guard.
History clearly shows Gun Control and Descrimination go hand in hand. That was true yesterday and obviously still quite true today.
The left has been weaponizing government against the Constitution for decades. It the last few years it has accelerated, intensified to the point that conservatives are rotting in prisons while prosecutors release Antifa, BLM, and other criminals to the street. It has intensified such that ‘woke’ corporations are restricting free markets and acting like governments. If Texas can outlaw discrimination against the 2A, then Texas is protecting the Constitution.
The left has been weaponizing government for a long time. It is time for Patriots to weaponize government to protect Freedom.
Impassioned speech font.
Free market Communism. It looks like the left has embraced Titoism.
Southern Cross,
Kudos for your reference to Marshall Tito!! You saw, you learned, you applied wisdom. We need more folk who can do that.
“Look what happened to the insurance company that the NRA used for Carry Guard.”
True. However, in the same vein, look at the bank NRA used to use for its branded Visa card (1st National Bank of Omaha). Bank dropped the NRA over the NY AG lawsuit, NRA moved the deal to Pentagon Federal CU. A credit union, much superior, smaller, and supports our military families.
I’ve always preferred opening accounts at small, local banks. Problem is that after a couple years, they always got bought out and merged into giant banks. If the Texas law gives small local banks a transfusion, that would be terrific for everybody.
I would think it would be even more fun to begin contemplating pulling the Texas business license of banks which oppose the Constitution.
I hope the trend continues that states stand up for themselves more and more ala the 10th amendment.
The goal being that the feds are surprised when they show up that their function is being reduced to a Constitutionally acceptable degree.
“Ve haf vays to make you comply!”
I’d you like this bill then pay very close attention to the testing of the various CBDC’s the Fed is rolling out for testing.
And take every opportunity to screw them up too.
“…pay very close attention to the testing of the various CBDC’s the Fed is rolling out for testing.”
The Fed is testing crypto-currency?
What could possibly go wrong? (*Extreme* sarc.)…
Not really but kinda. Crypto is decentralized. This is, quite specifically, not decentralized.
They want a centralized, block-chain based currency over which they have total control. The CCP’s digiYuan is the prototype, complete with an expiration date to control the velocity of the currency. (Don’t spend it by a certain date and it disappears.)
The level of control this enables should be obvious. But loads of people think credit and debit cards essentially are the same thing when they’re not. This is fundamentally different. This is the ability to control literally everything you do down to the penny or shut off a whole industry with some keystrokes.
The UK is now playing with “BritCoin” and the US is going to try out five different versions of “FedCoin”.
No need to fuck around with cops and shit when they can just shut off your entire life with a CBDC + a single law passed, as the Brits are already soft-peddling it “to combat drugs and money laundering”. Heck, with this they can rm -rf/* whole industries they don’t like literally at the speed of light.
Everyone should be VERY concerned about this. Not just goldbugs and gun nuts. This is literally every dystopian novel ever imagined combined, put on steroids and PCP and then billed as convienence.
When I said that if they want to take everything from the Boomers and divvy it up for everyone else and that there wouldn’t be a fucking thing you could do about it this is what I’m talking about.
“The CCP’s digiYuan is the prototype, complete with an expiration date to control the velocity of the currency. (Don’t spend it by a certain date and it disappears.)”
I’ve heard about that one. The Chinese people are, if anything remarkably pragmatic when it comes to their personal fiances.
India did something similar a few years back with their currency, and the smart ones suddenly began build gold ‘dowries’ whether they had daughters or not…
You are misremembering what India has done with the INR. The current iteration is the kind of idea that gives Lenin’s embalmed corpse a rock-hard erection.
India suggested this a few years ago and got a lot of pushback. Now they’re back at it because they like that CCP idea. “How to have total control over 1.3 billion people” wonders a person like Modi or Konvind.
Well, this time they’re talking about banning all other forms of payment in terms of “legal debts” as part of that control.
This has evolved enormously. The CCP has seen what places like Greece have gotten away with and they’ve rolled things into a nice bundle that your betters would like to impose on you. They’ve also noted what failed in places like Congo and taken steps to prevent that kind of thing (Congo reissued a currency and people started using the old currency, which gained value, because they recognized that the government was no longer printing and devaluing the old currency. LO!)
The problem with this is that the Chinese version of this is something you essentially can’t get around easily. The CCP wants to tie this to a social credit score but that’s just part of the nefarious nature of this and it’s not, strictly speaking, necessary.
The general concept, when you look at how this has evolved over time goes like this:
1) Create a blockchain based digital currency which the government has control over. This makes banks unnecessary and gives full control from creation to end-of-existence to a group like the Fed.
2) Taking from the Indian “improvements” on the idea, ban all “legal debt” from being paid in anything other than this digital currency. So, a mortgage, electrical bill, car loan or a large line of credit, stock/bond purchase etc. this must be paid in the digicurrency. And it’s going to apply to everything because businesses can’t negotiate anything else. Kroger or Publix doesn’t want any other currency because they can’t use it without laundering it which, at best, costs a percentage and is illegal.
3) Set an initially decent rate of exchange for other monetary products. Paper dollars, gold, silver etc. Vacuum that stuff up.
4) Reduce the favorability of that exchange rate aggressively to make that other stuff essentially worthless in “normal life”.
5) Begin to impose restrictions on what you can and cannot do or buy/sell with the currency. Use expiration dates to control velocity of the currency in ways that boost consumer spending but also make saving for something “unapproved” impossible.
6) This can all be combined with negative interest rates mixed with withdrawal penalties. The effects of this which can be seen in Greece. A 5% withdrawal penalty combined with a -1% interest rate on savings is a great way to rake in cash hand over fist. The poors lose no matter what they do.
At that point you have no rights. You have privileges that can be removed by some asshole at a keyboard. Fuck around and they’ll just *take* your digicurrency. Good luck paying those property taxes without it. Ooops, well you haven’t paid in a while. Guess who owns your property now? What, you think that idea of a federal property tax is just some sort of joke? (And no, I’m not talking the Biden conspiracy crap, I’m talking about the folks who’ve talked for many years about how we might need to “revisit” Article 1, Clause 9, Section 4).
Wanna leave the country? Exit tax. Or maybe they just take all your currency and now you can’t get out without leaving everything behind. You’re sure as fuck not gonna get a ticket on Quantas for free, now are ya?
========
Combine that with the current level of the surveillance state and the public’s welcoming acceptance of blatantly illegal actions on the part of all levels of government, now combine that with a federalized police force.
Starting to see how all of these proposals dovetail with proposed future plans and things already in place?
I’ve been accused to being “pro drugs”. I’m not. I’m anti-War on Drugs. This is why. They sucker you into allowing them to build a police-state apparatus and then they turn it against you for things you didn’t think they were planning on making illegal. Oh, you thought they were just gonna go after those nasty addicts? The ones they encourage to shit in the streets? The one’s they make money off of through kickbacks for multi-thousand dollar tents? No warrant needed for them, right? Fuck drunk drivers, amirite? Well, you’re acquiescing to a precedent, and that’s the overarching plan: grow government power. You can see the way this has worked with the school system from ~1955 – present.
Rule #1 of Government: Grow MOAR Government and gain MOAR power, always and forever. The Founders knew this. They knew that it would involve plans as well as taking advantage of every “crisis” that the could find or make. Good ‘ol Rahm knew this and loved it right up until the teacher’s union in Chicago did the same thing to him. Funny that.
You’re talking about a government that openly talks about how it would like to devalue your purchasing power by 26% in the next ten years and no one seems to care. Why don’t they care? Because they have no fucking idea how APR works.
Congratulations…you’be supplied a succinct explanation of the coming of the Anti-Christ and how he’ll be able to take over the world. With ease AND acquiescence of the whole world. It won’t be chinamen although they’ll play a part. It’ll be some eurotrash politician who thinks he knows what’s best for us freedom loving types-with help from Dimtrash.. Get ready as best you can. JESUS is about to shake things up big time…yeah I know about India. In the name of “peace & safety”.
Explains China’s recent ban on crypto currencies.
They don’t want the competition.
yeah I know about India.
In a country where people are starving as emaciated cattle freely roam the streets and they’ve run out of water while they pollute one of the largest rivers in the world with hundreds of corpses daily, nothing should surprise anyone… more than 1,000 corpses of COVID-19 victims had been recovered from rivers in the past two weeks… the number of deaths is very high in rural areas, and poor people have been disposing of bodies in the river because of the exorbitant cost of performing the last rites and a shortage of wood…
With two major Euro powers edging towards civil war in their respective countries and the EU in the beginning stages of flat-out collapse you’re worried about a “Eurotrash” politician?
Dude, large parts of this country are going to have drinking water issues in the next year if supply lines don’t come back up or we don’t get moving on some industrial capacity most ricky-tick (oops, too late). Meanwhile, have you paid any attention to the politics of Chile recently and thought about how that might affect your guns and other parts of your life?
Bothered to look at the meds in short supply these days? How about anything that has Boron in it? Potassium? How about medical grade plastics? What’s it cost to ship a TEU these days?
The funny part is this, and I mean the HIL-fucking-ARIOUS part, like doubled over laughing at a Carlin skit type of thing: Half those people that call themselves “POTG” will be begging to give up their own guns along with your guns AND a host of other rights in return for some “security” here shortly if this all goes sideways.
At this point, chances it does go sideways, badly sideways, are probably over 50% and the odds get worse every single damn day because 95% of Americans have no fucking idea what the actual problems are or, mostly, that they even exist.
Just take a look at the required processing materials for something like a municipal water plant and then look at where some of your basic chemstock shortages are. Think those plants have enough stocks socked away for ~2 years? I promise you that they don’t.
The “antichrist” is the last of your worries at this point, brother. These are the kind of things that make people get on their knees and beg for strong leadership, a firm hand at the tiller as it were. That never works out well and it doesn’t require an antichrist any more than the Weimar Republic did in 1933.
We’re our own worst enemy.
OooOoOoo moar auto-moderation to play with… Seriously, did TTAG get it’s peepee slapped by Google or something?
With two major Euro powers edging towards c-iv-il w-a-r in their respective countries and the EU in the beginning stages of flat-out collapse you’re worried about a “Eurotrash” politician?
Dude, large parts of this country are going to have drinking water issues in the next year if supply lines don’t come back up or we don’t get moving on some industrial capacity most ricky-tick (oops, too late). Meanwhile, have you paid any attention to the politics of Chile recently and thought about how that might affect your guns and other parts of your life?
Bothered to look at the meds in short supply these days? How about anything that has Boron in it? Potassium? How about medical grade plastics? What’s it cost to ship a TEU these days?
The funny part is this, and I mean the HIL-f-u-c-k-i-n-g-ARIOUS part, like doubled over laughing at a Carlin skit type of thing: Half those people that call themselves “POTG” will be begging to give up their own guns along with your guns AND a host of other rights in return for some “security” here shortly if this all goes sideways.
At this point, chances it does go sideways, badly sideways, are probably over 50% and the odds get worse every single day because 95% of Americans have no fucking idea what the actual problems are or, mostly, that they even exist.
Just take a look at the required processing materials for something like a municipal water plant and then look at where some of your basic chemstock shortages are. Think those plants have enough stocks socked away for ~2 years? I promise you that they don’t.
The “a-n-t-i-c-h-r-i-s-t” is the last of your worries at this point, brother. These are the kind of things that make people get on their knees and beg for strong leadership, a firm hand at the tiller as it were. That never works out well and it doesn’t require an a-n-t-ic-h-r-ist any more than the Weimar Republic did in 1933.
We’re our own worst enemy.
Oh man, India and Covid… what a shitshow to compare to.
Officially the country already has like 6.4 million deaths per year but unofficial numbers put that way higher, the commonly accepted stat is around 7.263/1000 or ~9.4 million/year.
Realistically, in 2019 the country’s running around 25.9K deaths/day. So, based on the stats and the terribly recordkeeping in the country I’m not sure you’d even notice 2K/day deaths from something new.
Then there’s the other stats on India. (I’ll stick to the major ones.) TB infection, or previous TB infection that caused lung scarring is a huge comorbidity here and India is the world leader in raw and per capita TB cases. That sucks.
Then there’s the dichotomy of India. Cities regularly sport obesity rates of 30% or more and in many cities the docs estimate the pre-existing rate of heart disease is near 70%.
Of course then there’s the outlying areas with some significant nutritional issues in many cases.
Then there’s a host of parasites and other diseases endemic to the country and, mostly, poorly controlled (if at all).
But the super interesting thing about India is the rate of tapeworm infection. Best guesses put the floor for this parasite at around 18% of the population, higher in rural areas.
That’s interesting since tapeworms have a fascinating feature of being able to very significantly depress inflammation in the host. The mechanism is not known and is under study but everything from heart issues to arthritis is significantly suppressed in people who have tapeworm infections. In fact the reason this is being investigated (and has been for a few year) is specifically to try to derive better anti-inflammation drugs from it, particularly in relation to trying to get away from some of the side effects of NSAIDs.
Now, that’s quite a thought in terms of CoV-2 since many of the serious problems it creates are directly related to inflammation in the epithelial cells within the cardiopulmonary system (and to a lesser extent the GI tract, which like Flu A is probably part of it’s strategy to infect new hosts which it would be doing fairly well in a place like India). So, what happens if someone with a tapeworm infection gets CoV-2? Fascinating question since they theoretically could actually be a significant asymptomatic spreader of the virus without knowing it. In fact, the tapeworm might actually be what allows some, otherwise very co-morbidity ridden people who would otherwise die, to survive Cov-2 even in their weakened state.
Either way, it doesn’t really mean much outside of India. And the new hotness, if Reuters is to be trusted as being on the cutting edge of things, is going to be Russia(!) and H5N8 (LOL!) or maybe it’s H5N6 or… maybe it’s the link below. They haven’t decided yet.
https://www.reuters.com/article/us-china-swinefever-vaccines-insight/new-china-swine-fever-strains-point-to-unlicensed-vaccines-idUSKBN29R00X
“there wouldn’t be a fucking thing you could do about it”
There’s a lot that can be done about this, [Fedpost redacted].
Strych, that “exit tax” concept sounds similar to the system in Cuba, with two separate currencies for a very long time now, one used internally and one for foreign affairs, illegal (I think) for the peons to even possess the foreign (real) money, they may be rich in Cuba but the cash they have is worthless overseas. Unless, of course, they are politically connected.
I believe the Bible calls it the mark of the Beast. Get Satan’s mark or die from starvation or thirst whichever gets you first. I’m wondering if this vaccination everyone is getting isn’t going to hurt their immune system from fighting off everything it has done so well at in the past. People will die form pestilence and disease is in there as well. So, are we near our end, who knows. I know God seems to have no place in the progressive liberal communist society.
“…it doesn’t require an antichrist any more than the Weimar Republic did in 1933.” But whoever you end up with will have an uncanny resemblance nonetheless…
Modded into oblivion. Eh, y’all can wait on that I guess.
But yes, Southern Cross, that is part of both China’s crypto ban and India’s proposed crypto ban. Governments do not like competition.
The world has to many humans.
Over population breeds disease.
Vaccines develop stronger diseases and weekend immune systems.
Humans were better off waving magic feathers and letting the chips fall where they may.
I blaim Benjamin Franklin, a kite, and a lightning bolt.
I think the world has a lot fewer humans than we’re led to believe.
There are no truly accurate counting mechanisms (the US has the best national census out there, and even it is dubious), and there are no incentives to undercount. Meanwhile, every non-first-world nation has a massive financial incentive to overcount, as it keeps all that sweet international aid and NGO money flowing.
If there’s a single nation on earth with a verifiably rising birthrate, I’d be very surprised.
“The world has to many humans.”
Wait, you’re not an Ehrlich, are you?
Ing, I haven’t contemplated that possibility before, it does seem to make some sense!
Earlier –
“With two major Euro powers edging towards civil war in their respective countries…”
Yeah, and it’s not US conservative-liberal conflict that’s happening right now in France-Germany, it’s the Franco-German nationals sick-and-fvcking-tired of their women being raped by the ‘Peaceful Immigrants’ if they dare to step outside without a male (or 3) to guard them when they go grocery shopping.
I have to admit, I *snicker* when I think of how the major media types are going to report on that if it goes down. Their ‘civilized’, cultural *heroes*, going all (literally!) ‘Hutu-Tutsi’ with improvised implements, and nobody will admit to seeing anything (out of raw fear of it happening to THEM)…
I do fully expect Antifa to drop their masks and cheer…
Good for them…..There are a few & I mean very few Real Republicans left that will stand up to all the B.S. coming from the left!
I have been to India, the best thing that could happen is that covid destroys the country and then burn it down. This would reduce the decades and generational suffering that is the current norm. While many would think this is horrible, not so, what is really the making of nightmares is the decades of suffering that currently exists. Which is better for mankind?, end it or continue years of poverty, slavery and suffering, America figured it out in 1861, the rest of the world is lagging behind. Just my opinion from actually seeing it, your mileage may vary.
It’s a pleasure to walk into the bank I do business with. All kindsa commemorative Winchester 94’s displayed on the walls, elk heads, deer, pronghorn, moose, a brown bear, polar bear, Indian artifacts.
And even though there’s a no gunm sign on the door nobody cares if you walk in with a double rig of .45’s in buscadero holsters.
“It’s a pleasure to walk into the bank I do business with.”
They have little tiny ATMs for you critters? 🙂
In all seriousness, sounds like a neat bank to do business with. Are there any pics online of the inside you’re aware of?
Is this crypto currency going to screw up my welfare check and food stamps?
My dum azz brother turned in his gun on a buy back to feed our kids, now we’ve spent the money and he has no way to make a living.
All that is required of them is patriotism which is appealed to whenever it’s desired to make them accept longer working hours & shorter rations.; when discontented, their discontentment will lead nowhere, because without a general idea, they will only focus on petty specific grievances.
“All it does is require corporations that seek to do business with the state and local municipalities to certify that they hold no policies that discriminate against firearms or ammunition businesses and won’t hold those policies while the state contracts are in force.”
On the surface, yeah, maybe. But that is a double edged sword. I think I’d rather let the marketplace sort it out. Have to think on this…
If and when my Bank decides to play the anti-weapons card for purchase processing or weapons and ammunition I know of several local banks which do not decline weapons/ related transactions and I will jump ship in a minute. Perhaps I will close accounts and demand cash not certified check.
This bill sounds like an excellent opportunity for some second-tier banks to grow in size and influence provided the Fed agencies don’t put additional regs on them in response.
What is even more “shocking” to me, however, are the advertisements under the first paragraph… If that dude pictured in the CBD ad is what I’d look like by using the stuff, count me out…
https://we.tl/t-PIM1Sa78fZ
“They should not be able to receive taxpayer dollars if they do not support the Constitution,” Rep. Capriglione said.”
Neither should politicians!
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