
Senate Republicans on Wednesday passed a measure to allow payment apps like Venmo and PayPal to return to ideological debanking—repealing a rule implemented in December by the Consumer Financial Protection Bureau. Repeal of the rule would leave...
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Flu
Hey, it's me. The flu. I've noticed you've been avoiding me and declining my calls. I feel like you became distant when you started using Instacart to order all that stuff like lemon tea and turmeric and vitamins and. Honestly, it's just so healthy. We used to have so much fun. Remember last year when we stayed on the couch for three whole days together? Please take me back. I miss you. Download the Instacart app and get $0 delivery fees on your first three orders. Excludes restaurant orders, service fees and terms apply.
Jimmy Dore
Come see us do stand up in Baltimore, Hartford, Syracuse, Atlantic City, Levittown, New York co host, New York, Providence, Rhode island and San Jose, California. Go to Jimmy Dore.com for a link for the tickets. Hey, this is Jimmy. Who's this?
Al Pacino
Jimmy D, it's Alfonso P. How are we doing in this? Izzy?
Jimmy Dore
Ah, legendary actor and friend of the show, Al Pacino. Good to hear from you. Why are you calling today?
Al Pacino
It's that time of year again, my friend. Time for Al Pacino's Oscar roundup. Oh, Jimmy, did you watch the 97th Academy Awards on Sunday night?
Jimmy Dore
Absolutely not.
Al Pacino
Neither did I. I was watching reruns of Riptide. But I. But I also did not watch any of the nominated pictures. Never the fucking less. Here's my inside scoop. Are you ready?
Jimmy Dore
Born ready.
Al Pacino
Alright, here we go. The big winner of the night. Honora. Or should I say a whore?
Jimmy Dore
I know, Jimmy.
Al Pacino
The movie's about a fucking prostitute. I'm sorry.
Jimmy Dore
Sex worker.
Al Pacino
A very brave sex worker, secure in her sexuality. A true hero's journey.
Jimmy Dore
Of course.
Al Pacino
Best picture, Best Director. Best Original Screenplay. Because it's not based on a true horror story. And best actress went to Mikey Madison. Showing that Hollywood is still so sexist, you gotta have a man's name to win Best Actress, Right? And this was the biggest upset of the night. Everyone had all their money on Demi Moore.
Jimmy Dore
Yep.
Al Pacino
For best Actress for her much lauded performance in the Substance. Yeah, in this movie, the Substance, Demi Moore eats some up thing and then becomes young and hot and everybody's naked again. Very brave. Very brave.
Jimmy Dore
Very brave indeed, Al.
Al Pacino
A movie about the horror of being an aging actress in Hollywood and how women become devalued with age. And I can certainly relate. Just kidding. Last year I had a baby with a 22 year old. Skibidi Bibbidi.
Jimmy Dore
Bob. Good for you, pal.
Al Pacino
Okay, back to Anora. Did you see it?
Jimmy Dore
No.
Al Pacino
Me neither. Fun fact, Honor is the lowest box office making best picture in history.
Jimmy Dore
Really? Wait, are you serious?
Al Pacino
Yep. Nobody saw that fucking thing. Not even actual prostitutes. Back in my day, when the Godfathers won Best Picture, everybody had seen the fuck out of those movies three or four times the Oscars. Who is this for? Why?
Jimmy Dore
Yeah, I don't get it.
Al Pacino
Yeah, nobody does. It's a magic trick. Moving on. Adrian Brody won best actor for the Brutalist, a four hour movie about an architect.
Jimmy Dore
Yeah.
Al Pacino
Oh, get the popcorn. Like that is catnip for the Academy.
Jimmy Dore
Yeah.
Al Pacino
And then this bozo goes up and gives a six minute speech.
Jimmy Dore
No.
Al Pacino
Which is like a century in Oscar broadcast time. The orchestra tried to play him off. He told him shut up.
Jimmy Dore
Jesus.
Al Pacino
You know you fool yourself when you tell a bunch of people literally crouched in a pit beneath you to shut up. You're talking now. Fuck that guy.
Jimmy Dore
All right, what else?
Al Pacino
In memoriam. That's always sad. Always have a few dear friends in there. But this one came right on the heels of the Gene Hackman who passed away. And can I say what the fuck happened there? I'm serious. I don't even have a joke there. 95 year old man dies under mysterious circumstances. Well, better get fucking Scooby Doo on a case because I need to know.
Jimmy Dore
Yeah, very fishy.
Al Pacino
And of course we gotta see those two weird women from Wicked, which I've never seen before, but is apparently part of the wizard of Oz extended universe. Something I did not know existed. And now that I do, I'm very mad about it. These two brave girls have anorexian sing songs. That's how they're brave. But luckily for me, they got it out of the way in the beginning. Gave me more time to work on my snack tray.
Jimmy Dore
What? I thought you. I thought you said you didn't watch the Oscars.
Al Pacino
Well, now that I'm talking about it, I realize I did. I forgot that have happened to you. No, just thought it happened recently. No explanation I can think of. Honor was the big winner on Sunday.
Jimmy Dore
Yeah, yeah, you already did that one out.
Al Pacino
Right, right. Okay. And of course the elephant in the room is Carla Sophia Gascon.
Jimmy Dore
Who?
Al Pacino
The nominee for best actress for Emilia Perez, which is the name of yet another movie no one fucking saw.
Jimmy Dore
Nope, nobody saw it.
Al Pacino
She is a trans actress who played a trans woman in that movie. Again, brave.
Jimmy Dore
Brave. Why is that a controversial though?
Al Pacino
Because old tweets of her surfaced everyone's favorite fucking sense. Apparently she said racist and was praising Hitler or something. Many said she shouldn't attend the Oscars, but she showed up telling the world I am a brave Trans woman who is a Nazi. And I will not be silenced. Inspiring, Jimmy. I was inspired.
Jimmy Dore
Amazing.
Al Pacino
And that's about it. Conan did a good job, I thought. Didn't even try to work Andy Richter in there in some awkward way. Hats off to that. And most importantly, nobody got slapped.
Jimmy Dore
Amen.
Al Pacino
Except for this meet right here. When the prostitute girl won best picture. This has been Al Pacino. And I will call you again in a year. Arrived at.
Jimmy Dore
Oh, okay. Arrivederche. So you know how they will debank people like they did to the truckers in Canada a when they were protesting against mandatory vaccines. Or they'll do it to people just on content creators. Like they did it to the gray zone. Right. They took away their money from GoFundMe. They do it to Jackson Hinkle. He's been kicked off Venmo and PayPal, everything. Right? And so if you go against the establishment, they will debunk you. And now Senate Republicans just legalized it.
Kurt Metzger
Great.
Jimmy Dore
Yeah. Laura Loomer, who's been debunked over and over. She's a big right wing influencer. She said she tweeted this out. Happening now. Senate Republicans are voting to legalize debanking by voting to remove the Consumer Financial Protection Bureau. Now, Elon Musk is against that too. They have a rule that bans payment apps from banning people without cause. So if it wasn't for the consumer finance, that's the one thing that Doge is doing that I can point to and say that is wrong for sure. We need the Consumer Financial Protection Bureau. So whatever you've heard about that, it's. It's propaganda and it's propaganda from people who want to be able to debank you Israel again. And so here, yeah, here's, here's Laura Loomer. I said I don't want to hear that the, the GOP call themselves the Free Speech Party ever again. That's Laura Loomer. That's not aoc. So your, your unit party is turning against you again. You don't live in a free country.
Kurt Metzger
Just so you know, called them the Free Speech Party. What an idiot would have called so. Well, I don't remember ever saying anything that moronic ever. Well, because Republicans or the Free Speech Party.
Jimmy Dore
Well, because the Democrats got so censorious during COVID Kurt. And so they kind of, wait, they kind of ceded that ground to the Republicans. So then people like Elon Musk will let you come out on Twitter and talk about COVID and the vaccines and people like Donald Trump will stand up and say. You can say. So they've ceded this, even though they're not really for it. As we've seen right here. Laura Loomer is telling you, the GOP is not the free speech party because this. Because of this exact thing they're doing. So what's the thing where you get money? We get it from our website. What's the other thing? Patreon. Okay, so Patreon will debunk you, debank you, and they'll keep your money. So will PayPal. They'll keep your money. So we'll go fund me. Stripes a part of that as well. And here, and let's remember. Yeah. And Stripe is a part of Stripe did it to that guy, Simon Atiba, who was the black guy who was. Who was confronting Joe Biden's White House. They took.
Kurt Metzger
Uses Stripe, I believe, too, by the way.
Jimmy Dore
Yeah. Yes. So remember this. Banks have begun freezing accounts linked to trucker protests. So lots of people have been forced to defend themselves with trucks. And Americans just have guns, but a lot of them are also attached to the backseat of a truck. So keep that in mind. Here is Marc Andreessen, and he was on Joe Rogan a little while ago. And he. This is what he's about to tell you right now is complete bullshit. So. But a lot of people. And he tricked me at first, and then I saw my Russ and Keaton debunk this. But watch what he says. What he's going to tell you. This here right now is all garbage. Watch this.
Marc Andreessen
So, like, for example, with this thing called the Consumer Finance Protection Bureau, cfpb, which was the. It's sort of Elizabeth Warren's personal agency that she gets to control. And it's an independent agency that just gets to run and do whatever it wants. Right. And if you read the Constitution, like, there is no such thing as an independent agency. And yet there it is.
Jimmy Dore
What does her agency do?
Marc Andreessen
Whatever she wants.
Jimmy Dore
What does it do, though?
Marc Andreessen
Basically, terror. Terrorize financial institutions. Prevent new competition, new startups that want to compete with the big banks.
Kurt Metzger
Really?
Marc Andreessen
Oh, yeah.
Jimmy Dore
How so?
Marc Andreessen
Just by terrorizing anybody who tries to do anything new in financial services.
Jimmy Dore
Can you give me an example?
Marc Andreessen
Debanking. This is where a lot of the debanking comes from, is these agencies. So debanking is when you, as either a person or your company are literally kicked out of the banking system.
Jimmy Dore
Like they did to Kanye.
Marc Andreessen
Exactly like they did to Kanye. My partner, Ben's father has been debanked.
Jimmy Dore
Really?
Marc Andreessen
We had an employee. For what? For having the wrong Politics for saying unacceptable things under current banking regulations.
Jimmy Dore
So who they're going to really go after is anybody who challenges the corporation and corporations of guys like this. So especially, especially if you're going to speak out against Israel. So they're going to debank you if you, they're going to say you're a terrorist because you're supporting terrorism and Hamas. And so there's that plus the same thing they did to the truckers. So what he's telling you is he's pretending that somehow left the lefties have control over the financial regulations in this country. They do not that you have to be a jackass to believe that, that the banks and Wall street and corporations don't control the banking. So let's keep going.
Marc Andreessen
Okay, here's a great, here's a great thing. Under current banking regulations, after all the reforms of the last 20 years, there's now a category called a politically exposed person pep. And if you are a pep, you are required by financial regulators to kick of your, to kick them out of your back. You're not allowed to hit them. If you're politically on the left, well, that's fine.
Jimmy Dore
Okay, so he's lying. He's lying about that. So people on the left don't get debanked. Yank, Yank. Of course they do. I just told you all the people who do. Gray zone, Jackson Hinkle, everybody gets debanked on the left. People who, they can say, oh, you're a pro Palestinian, you're supporting terrorism. You're going to get debanked. So that's. So he's, he's just making that up, right? He's trying to make you think that woke politics somehow controls the banking in America. But no, we're talking about people like PayPal and people like Patreon and people like Stripe and people those people who want to do banking without actual banking regulations and then they can steal your money. So he's trying to, he's trying to pretend that the Consumer Financial Protection Bureau are the people doing that. They're doing the exact opposite. And I want to know how. So Elon Musk says, delete the Consumer Financial Protection Bureau. There are too many duplicates. So of course he's against it because he wants to have his own banking done through Twitter and he doesn't want anybody actually making sure it's done in a fair way. Lee Fong, he says the CFPB has loudly opposed the banking. So it's the exact opposite what Mark Andreessen was saying, that the Consumer Financial Protection Bureau is debanking people. They're doing the exact opposite. The exact opposite. So you're being lied to. Being lied to by Marc Andreessen. You're being lied to by. You're being lied to by. By Elon Musk. Elon Musk. Where's the evidence left unmentioned in this screen is the fact that the Consumer Financial Protection Bureau has investigated Andreessen backed. Andreessen backed startups for scamming people. So they're scamming people. He wasn't being terrorized. So he wasn't. No, they were scamming people and taking their money. And I'm going to show you how they did it. Not for political speech. The Consumer Financial Protection Bureau debanking comes from the FBI, the Department of Homeland Security, not the Consumer Financial Protection Bureau. Just so you know. And just so you know, you want to see how much they fight against debanking. This is from. I got this from Due Dissonance when they covered this. This is from Lee Fang's writing. He says the Consumer Financial Protection Bureau, in a legal filing to an appeals court last week cited the debanking of Christians as a form of the across the spectrum discriminatory behavior by financial institutions it is seeking to curb. So what they're doing is the Consumer Financial Protection Bureau was advocating on behalf of Christians who are being debanked. The new free speech on financial platform push led by the CFP director Rohit Chopra opens up a significant rift within the Biden administration and offers a glimpse of potential ideological realignment. In recent years, activists from both the right and the left have been banned from bank accounts and digital financial platforms over political speech related allegations with virtually no due process. So like that guy Simon Abeda, who he was the started a newspaper or a news organization. He's from Africa. He had credentials to go to the White House briefing room and he always challenged Jen Psaki. They debunked him so he couldn't any longer take donations to his website, which ran on subscriptions because I think it was stripe stripe debanked him. They said, you violated our terms and that's it. So left and the right, so this should matter to everybody. And don't listen to guys like Mark Andreessen who's lying to you because he wants to be able to. He's the guy who wants to be able to debank you and take your money. That's what this is about. And of course, the people with the big money own the government, meaning the senators who just voted for this as they Scream free speech. And then they scream as he goes on Joe Rogan and lies to you that he's against debanking. He's actually for it. He's actually wants to get rid of the one organization in government that fights debanking, which is the Consumer Financial Protection Bureau. The issue presents a new cross current of unlikely bedfellows. Christian conservatives and a flank of Republican legislators are fighting alongside populist Biden administration figures such as Chopra, the guy who runs the Consumer Financial Protection Agency Bureau. So Christian conservatives and a flank of Republican legislators fighting alongside this guy who runs the Consumer Financial Protection Bureau for free speech rights and new protections against debanking. The Consumer Financial Protection Bureau wants protections from you being debanked. They are up against an alliance of tech giants. Oh, like Andreessen and Elon Musk and Zuckerberg. They're up against an alliance of tech giants and banking lobbyists, along with some voices at the Department of Homeland Security and liberal nonprofits who favor unlimited corporate rights to remove users over allegations of misinformation or hate. So that's who's really being debunked now. Debunked. While many prominent Democrats have embraced speech restrictions, Chopra, the guy who heads the Consumer Financial Protection Bureau has charted his own course and reached out to the right. And here he is right now. This is that guy. This is Rohit Chopra. And he's going to tell you about how he's fighting the head of the Consumer Financial Protection Bureau, the guy that. This is the bureau that Andreessen was pretending was the people debanking you. He's going to tell you how he's fighting against it.
Rohit Chopra
Been assessing very large dominant tech firms like Google's, Google Pay, Apple Pay, others, as well as some examples of where there has been network effects and tipping points such as the commonly used Venmo and PayPal services. Many of you might recall how a year And a half, two years ago, many people who were users of PayPal's Venmo service received some communications and there was news about this, about the ability of that company to be able to sanction or fine you taking money and confiscating it out of your account for your activities or speech that may have been unrelated to payments. In other words, creating a way in which they're setting laws or conditions outside of the democratic process that deny or foreclose access to what is essentially essential payments infrastructure in the society. So I think we should all really worry about how modern day business practices that encourage the accumulations of capital for these Network based businesses with difficult switching costs that cannot really be easily replicated that are sometimes referred to as winner take all markets. At what point do those entities start becoming lawmaking bodies, regulators on their own? And I think, you know, so what.
Jimmy Dore
He'S saying is that what's happening is people like PayPal, people like Patreon, people like Apple, pay people. They're becoming the people, monopolists who get to control what and do whatever they want with your money and steal it without any oversight or regulation. And the only thing standing between you and that is, is this. And this is what Elon Musk wants to get rid of. Why? Because he wants to set up his own banking at Twitter. He doesn't want people breathing down his life and he wants to be able to take your money and intimidate people. That's what this is about. I know that sounds great, but that's exactly what's happening.
Kurt Metzger
And the other guy, it's what what's his name was saying about the network state. Steve Bannon.
Jimmy Dore
Yes.
Kurt Metzger
He thought that's what they want is this. You're this world of renters and you're under all these different laws. That's right, yeah.
Jimmy Dore
So that's exactly, exactly what Steve Bannon was saying. These are the techno feudal law lords. So yes, this guys. And so let's see if he has anything more to say here. Hang on.
Rohit Chopra
A regulatory agency that is subject to all of the ways in which the Congress can simply pass a law to change through the democratic process. That is not necessarily what we have with these enormous agglomerations of power today.
Jimmy Dore
So let me just the big picture, the mystery of the missing money that hasn't been resolved because of money. This is from Axios and I got this from Due Dissonance. They covered this in a much more thorough way. The trustees say that synapse, which is a company associated with Andreessen, doesn't have to pay for an outside firm to reconcile the ledgers, estimating it would cost between 2 and 3 million dollars. So what happened was it's not a guarantee that all the funds would be found in a reconciliation process, but it's the best. So this company goes broke, synapse, while it has your money. Well, let me look, let me see this. When startups collapse, the losers usually are direct shareholder stakeholders, like investors, founders and employees. But when, but when Fintech Synapse went under earlier this year, thousands of users also were left holding the bag. In some cases, that meant their life savings. Catch up quick. SYNAPSE was A middleman connecting fine text that didn't have banking licenses with actual banks. It raised just over 50 million in venture capital funding, most recently in a 33 million Series B round in 2019 led by Andreessen Horowitz. Earlier this year a dispute over an account balances arose between SYNAPSE and the Lender Evolve bank, resulting in SYNAPSE locking users out of their accounts. Synapse's fintech partners bailed and bankruptcy followed. So the guy Andreessen is doing the exact thing, he's confiscating your money. And he doesn't want people like the Consumer Financial Protection Bureau to be able to stop that. And that's why he lied and said that oh, it's the Consumer Financial Protection Bureau that's actually debanking people. No, he's the one. So earlier this. So that dispute remains unresolved with the court appointed trustee estimating that there are between 65 million and 95 million dollars in missing funds. For example, a woman named Kayla Morris so far only has recovered $579 of her $282,000 that she believed was kept in an FDIC insured account. Cash that the mother of three had saved to buy a house. And dreet this company took, took it. And so the trustee says that SYNAPSE doesn't have enough to pay for an outside firm to reconcile the ledgers. So now they're saying oh well, they went bankrupt. So that lady loses all her money. And Marc Andreessen wants to make sure there isn't a Consumer Financial Protection Bureau around to stop this garbage. So and what this is what the Consumer Financial Protection, this is what they actually do. They, they saved $19.6 billion. They got $19.6 billion returned to consumers who were screwed over by banks and startup companies like that and by people like Andreessen Approximately monetary comp. They 195 million people were able to get relief because of the kind that's 2 almost 200 of the 330 million people in America were able to get some kind of financial relief from illegal banking practices by people like Stripe, PayPal, Apple Pay Patreon, companies like Synapse and 5 billion in civil money penalties. So that's what the consumer they're fighting for you. That's why it's called the Consumer Financial Protection Bureau and not the Banking Financial Protection Bureau. And so what the Senate Republicans just did was they made it okay for people like Andreessen, Stripe, PayPal, Apple Pay Patreon, people like Synapse to screw you and to bank you. Senate Republicans on Wednesday moved to allow payment apps like Venmo PayPal to return to ideological debanking. So now they so the Consumer Financial Protection Bureau had a rule that stopped it and now the set. The Republicans in the Senate just voted to make that happen again to let Venmo and PayPal debank you repealing a rule implemented in December, just in December by the Consumer Financial Protection Bureau. They just put a rule in to save you from being debanked by Venmo and PayPal and the Republicans just voted to get rid of that rule and that's why Elon Musk wants to get rid of the Consumer Financial Protection Bureau. So you're being lied to by Elon and anybody like Andreessen when they tell you that the Consumer Financial Protection Bureau is not on your side, they are. They're the only thing standing between you and places like PayPal and Venmo. Repeal of the rule would leave users in of the apps in limbo as the laws protecting consumers would still be in place, but the rule enforcing that law and the bureau with the capacity to enforce it would not be in place. So they're trying to get rid of the cfpb. The vote on Wednesday afternoon won support of every Senate Republican who voted, with the exception of Josh Hawley. Josh Hawley, he's got his mind right on this. Who has regularly broken with his party in support of populist economic policies. The resolution to repeal the rule did not require the typical 60 votes, meaning Republicans could repeal the debanking rule with just 51 votes and without needing a Democratic support in order to repeal the repeal to go into effect, the House also has to pass a Companion Measure, Resolution 64, sponsored by Representative Mike Flood. With Democrats in opposition to repeal, only a handful of Republicans would need to vote to block the effort. So hopefully someone like Massie and someone like would vote against it. Rand Paul. Ron Paul's in the Senate. Oh right. The CFP rule, which took years to implement due to Wall street opposition, covers any non bank financial institution like PayPal, Venmo Patreon Stripe that sees at least 50 million transactions annually and is not a small business. In other words, simply accepting payment for a service would not trigger the rule. But if the app allows money to move from one party to another, as is the case with Google Pay, Apple, Pay Zelle and others, then the app would be required to follow the relevant laws. The company formerly known as Twitter, which is now Elon Musk's ex, would be covered if it added such a service, which is they want to do. Owner Elon Musk has signaled he wants to do. He wants to do, like his own version of PayPal at Twitter. The same is the case with WhatsApp, which has similarly discussed allowing users to make such transactions. So they want to have. They want to act like a bank, but they don't want to be regulated like a bank. That's what this is all about.
Kurt Metzger
This sounds very familiar. Like the, you know, we're not. We want to. We're a publisher, but we're not a publisher.
Jimmy Dore
That's right.
Kurt Metzger
It sounds like the same game.
Jimmy Dore
Meta CEO Mark Zuckerberg and Elon Musk, who doubles as a White House employee, fought hard for the elimination of the Consumer Financial Protection Bureau. So again, billionaires are not your friend. Billionaires are not your friend. The move by Senate Republicans to repeal the debanking rule is rich, given that the alleged debanking by the CFPB was a major allegation leveled by the oligarchs to argue on behalf. So they use, they say, they use that bullshit argument that Andreessen just did on Joe Rogan. That bullshit argument that the Consumer Financial Protection Bureau are the ones debanking people. That's a bullshit argument. They actually fight against it. The CFPB does not debate consumers for ideological reasons, but instead has fought that practice. So just like with the H1B visa, how Vivek Ramaswamy and Elon Musk fucking lied to you about it, they're lying to you about this, the Consumer Financial Protection Bureau and debanking. What. What's this designed to do is to make sure that we aren't foreclosing to people. Options that are available to them. They don't mean foreclosing. Like, what they mean is they're going to not give you the information you need. That's the. He's bastardizing that word. Senator Deb Fischer, a Nebraska Republican who narrowly avoided being upset in 2024 by an independent populist opponent, Dan Osborne, voted to move forward on the resolution. No kidding. She told Drop Site News she is not concerned that repealing the rule would lead to conservatives being debanked. Oh, really? Really. Even though they did it to the truckers, Even though they're doing it to Christian organizations.
Kurt Metzger
Oh, Rick Scott, that piece. Oh, my God.
Jimmy Dore
So Representative Rick Scott, the guy who used to be the governor of Florida.
Kurt Metzger
Yeah. Who helped ruin Medicare.
Jimmy Dore
He oversaw the largest Medicare. He was responsible for the largest Medicare fraud in American history.
Kurt Metzger
Do you know what he did is so utterly despicable. They just basically doubled the government. Like just started ripping off the government because they don't ever dispute the charges.
Jimmy Dore
That's right.
Kurt Metzger
That was a big, bright idea. Scumbag.
Jimmy Dore
He said he's going to support this. So he's supporting you being screwed over by PayPal, Venmo, Stripe and what, whatever Meta does, whatever Zuckerberg does, whatever Elon Musk does. And let's re. Don't forget that they just take your money. They'll take it. They took Gray zone's money at GoFundMe. They just took it. And they can close your PayPal account and they don't have to give you your money back. I support it, said Rick Scott, who's a criminal. I think it makes sense. I've gone through each of these. We've got to continue to look at all these regulations. Senator John Hovind, a Republican from North Dakota, said he supported repeal of the rule because the Consumer Financial Protection Bureau had pushed it to authority too far. Asked if he was so he's worried about the. The techno feudal lords. That's what he's worried about. He's worried about the, the Pete, the, the PayPals and the Stripes and the Venmos. Asked if he was worried that conservatives could be debunked as a result, he said he wasn't sure. I guess I'm not familiar enough with that to know the answer, he said an hour before the vote.
Kurt Metzger
Well, it's good. Wow.
Jimmy Dore
Far right activist Laura Loomer has been banned from many online payment systems due to her politics, including PayPal, Uber and GoFundMe. While the CFPB is often partisan, it's not wise to throw the baby out with the bathwater, Laura Loomer wrote on Wednesday. Republicans are now paving the way for more debanking in America. You can oppose the ideological bias of CFPB while also not voting to repeal consumer and free speech protections. When we 100% have a monopoly in our country by big tech companies as it relates to payment services and this is exactly what Steve Bannon is warning us about and warned about on our show, that these tech lords like Elon Musk and the people who run PayPal and Zuckerberg, that these people want to rule over you, you'll own nothing. You'll have to use their service and they can be able to cut you off. Yeah. So they can control you. And that's why they want to get rid of cash. And that's another reason why they want to get rid of cash in 2021. PayPal and the Anti Defamation League announced a joint effort to fight extremism and hate, which the ADL routinely defines as criticism of Israel. So they'll debunk you if you criticize Israel. They'll say you're supporting a terrorist organization.
Kurt Metzger
Boy, that should really help do away with anti Semitic conspiracy theories about the banks.
Jimmy Dore
Right? Right.
Kurt Metzger
I mean, unbelievable.
Jimmy Dore
Debanking a consumer for criticism of Israel violates non discrimination laws. But with the Consumer Financial Protection bureau rule repealed, PayPal and the ADL would more easily be able to do so. So they're doing this at the. So the ADL can go in and debank you.
Kurt Metzger
The ADL is one of the most despicable groups that has ever existed on the planet.
Jimmy Dore
So. Because they support legit Nazis when it serves them.
Kurt Metzger
Talk about, talk about an inverted.
Jimmy Dore
So Mel says. Yesterday afternoon, Senate Republicans voted to repeal a new rule passed in December by the Consumer Financial Protection Bureau, which prohibited payment apps like Venmo and PayPal from debanking users for political and ideological reasons. Yes, you read that right. Republicans voted in favor of more debanking because, you know, the financial system has never been weaponized against conservatives. Right. And who is behind the biggest push for more debanking? The adl, of course. These people deserve to lose so badly in 2026, it's not even funny. And the problem is.
Kurt Metzger
Lose to who? Another pro Zionist faction of the government.
Jimmy Dore
That's right.
Kurt Metzger
There's nowhere to go.
Jimmy Dore
There's nowhere to go. Molly White says, as I wrote recently, debanking is a crypto rallying cry only to the extent that it supports their deregulatory agenda to be dropped the second that addressing it might result in consumer protection requirements forcing companies like Coinbase to treat consumers properly. Right now I know people who are locked out of their Coinbase.
Kurt Metzger
Why?
Jimmy Dore
For political reasons.
Kurt Metzger
How's it wow?
Jimmy Dore
Because they're being pressured by Israel, that's why. Kurt, right now I'm not. I don't think I'm at liberty to say who. Because these people, this organization told me in confidence, so I'm not going to say who it is. And Coinbase cheers the demise of consumer. Why? Because they want to be. They want to be able to do whatever Israel says and debank you. So I know people right now who are. Who are locked out of their Coinbase accounts and aren't able to get their money out. And the Republicans in Congress just voted to screw you harder to debank you more to make you more at the whimsical of People like Venmo and PayPal and Stripe and Elon Musk and Zuckerberg and the ADL.
Kurt Metzger
Really, all kinds of crazy people could just be in charge of if you can live.
Jimmy Dore
And so he's. This Jared is saying that the Consumer Financial Protection Bureau Director Chopra warned the audience of Wall street debanking and conservatives with. So there you go. The Consumer Financial Protection Bureau, which Elon Musk made you think was the enemy. Same thing with Marc Andreessen. They're actually the enemy. So just like Steve Bannon told us, these are the guys who want to control you. And they don't want any regulation. And they're getting it. They're getting it because you don't live in a fucking democracy. You live in an oligarchy. And the oligarchs are Elon Musk. The oligarchs are the guys who run PayPal and Venmo. The oligarchs are Zuckerberg. People worth hundreds of billions of dollars.
Kurt Metzger
People whose names are on those Epstein lists. That ain't gonna come out.
Jimmy Dore
That's right.
Kurt Metzger
I say change the name of the Gulf of America to the Gulf of Where the F is the Epstein Files.
Jimmy Dore
So this is when MAGA is supposed to step up. So that's why people have to use GiveSendGo now instead of GoFundMe. So that's why lefties use Give, Send, Go when they want to do crowdfunding. Because GoFundMe will just take your money if they don't agree with your politics, which they did to the Gray Zone, Max Blumenthal.
Kurt Metzger
I'm sure some intel service commanded it.
Jimmy Dore
So this is all happening right now. And I don't know anybody else Due Dissonance is telling you about it. I'm telling you about it. Lee Fong's telling you about it. But you're not going to hear about the truth about this. I don't think you're going to hear the truth about this anywhere in corporate media, because corporate media wants you to be debanked. They want to have control over you. They're APEC controls the legislation. They control legislators. Okay? So I hope you followed that story and I hope you know that the Republicans in Congress just screwed you hard. Hey, you know, here's another great way you can help support the show is you become a premium member. We give you a couple of hours of premium bonus content every week, and it's a great way to help support the show. You can do it by going to jimmy door comedy.com, clicking on join Premium. It's the most affordable premium program in the business, and it's a great way to help put your thumb back in the eye of the bastards. Thanks for everybody who was already a premium member. And if you haven't, you're missing out. We give you lots of bonus content. Thanks for your support. So turns out this is from a new poll by Gallup. Less than half the United States now is sympathetic towards Israelis. I wonder. Wow, that's less than half. What happened, do you think? Oh, right, it was the ethnic cleansing in broad daylight. Isn't that. That'll do it.
Kurt Metzger
I think I should have banned TikTok sooner before I saw it.
Jimmy Dore
This.
Kurt Metzger
Yeah, before Israelis bragged what they were doing on it. Not being exposed. Bragging about what they were doing.
Jimmy Dore
But you know what this also tells me is that. Is that there's still a big percentage of people in my beloved nation who still are completely okay with blowing up little children. That's what that says. There's still a big.
Kurt Metzger
Although it's Piers Morgan's.
Jimmy Dore
Yeah, a lot of. A lot of Piers Morgan. And so here's the chart. America's sympathies in the middle age situation from 2001 to 2000. So right now, do you support Israel? It's down to 46. Do you support Palestinians? It's up to 33. That's. That's where we are. It doesn't make any sense, though. Why. Why wouldn't we all collectively embrace having all our money being drained out of us to a group of people who, you know, who spit on us and.
Kurt Metzger
Hate us, who sex trafficked kids to blackmail our leaders? Because that's who did. Epstein.
Jimmy Dore
Why? Conspiracy.
Kurt Metzger
It's the obvious truth.
Jimmy Dore
Why wouldn't I embrace having my free speech and my banking taken away? Because. Or being viciously attacked for any minor criticism of Israel. Why wouldn't I support that? Just doesn't add up.
Kurt Metzger
I still haven't had a BDS thing. Laws explained to me why that's okay. I've never even boycotted Israel or don't even know how to go about doing that. Why would there be a law that says I can if I want?
Jimmy Dore
That's because they. AIPAC controls our legislation and our. Through. Through controlling the election of our elected representatives. That's why.
Kurt Metzger
That's why you send cops and make me buy brands of hummus that I don't want.
Jimmy Dore
I can. I can. I can boycott. I can boycott New York, I can boycott Florida, I can boycott Alaska, but I can't boycott Israel. Isn't that Interesting. And they'll debank you. Glenn Greenwald says support for Israel among Americans, it's at his lowest level in more than 25 years.
Kurt Metzger
Wonder why Jews themselves too.
Jimmy Dore
Less than half of Americans now support Israel, with support for Palestinians increasing largely due to Biden's funding of Israel's war.
Kurt Metzger
Well, not just that. There's a bunch of other stuff such as the it was televised, you know, it was on everybody's phone, what they were doing. And also in their words, what they were doing was insane. It was like if you had immigrant parents that didn't know not to use the f slur about gays.
Jimmy Dore
Yeah.
Kurt Metzger
Because they're from another country. That's how to line the things the Israelis were saying were so it was shocking in our last 10 years of political correctness to hear how outright racist they are.
Jimmy Dore
So you remember. So this is why they banned TikTok. Glenn Greenwald reminds us these trends are a major reason TikTok was banned in the United States, as multiple Democrats and GOP sponsors of the bill admitted. It passed because members of Congress, especially Democrats, became convinced that the tick tock was allowing too much criticism of Israel. And you want to hear him say it, they're going to say so there's Antony Blinken. That's the Joe Biden Secretary of State and he's going to tell you right out why they banned TikTok.
Antony Blinken
The way this has played out on social media has dominated the narrative and you have a social media ecosystem environment in which context history, facts get lost and the emotion, the impact of images dominates and we can't discount that. But I think it also has a very, very, very challenging effect on the narrative. A small parenthetical point which is some wonder why there was such overwhelming support for us to shut down potentially TikTok or other entities of that if you look at the postings on TikTok and the number of mentions of Palestinians relative to other social media sites, it's overwhelmingly so among TikTok broadcast. So I'd. I know that's of real interest and the president will get the chance to take action in that regard.
Marc Andreessen
Now normally.
Jimmy Dore
So there you go. So there they go admitting that they banned and shut down. Do want to shut down TikTok because they're telling you too much truth about Palestinians, too much free speech, not good. Mitt Romney just told you. But get this. So you were taught. You were just, you're just mentioning this, Kurt. But I wonder how, I wonder how Jews in America feel about Israel. Well, one third of Jewish American Teens say they, they sympathize with Hamas is Israeli government poll shows.
Kurt Metzger
I only know about it because of Jews telling me that's the only reason I know about how big of a crime it was. You know, I, I have no incentive to want to know the truth about this as a guy in showbiz.
Jimmy Dore
So there you surveys show 66% of Jewish teens in US say they sympathize with the Palestinian people.
Kurt Metzger
Oh, no sympathy. Hey, how come you're not this angry at the Likud Party supporting Hamas for 20 years, in fact, getting mad at Qatar for not giving Hamas money fast enough. Remember that? Remember that fun detail? Why wouldn't you take that out on your own leaders who did that? Because that's a lot worse than sympathizing, though.
Jimmy Dore
66% of Jewish teens in the United States say they sympathize with the Palestinian people. 66%. And guess what? That's why they had to ban TikTok.
Kurt Metzger
Yep.
Jimmy Dore
And because they don't want information like this getting out what information? That Israel is. When they bomb a building, they mainly are killing children between 0 and 9 years old. So down here, so these are, these are females, these are males, these are the older people killed, these are the young. So it's mostly kids between 0 and 9 years old. Pyramid of age fatalities verified they killed a residential. So if when they bomb a residential building in Gaza, they're killing mostly kids between 0 and 9 years old and that's. Yeah, that's bad for Zionism. And so that's why they got a ban speech. They got to debank you. And now the Republicans just voted in Senate to help APEC and the Zionists in Israel to bank you because they're going to say you're supporting terrorists. Who's the terrorists? Who's slaughtering children?
Kurt Metzger
Look, if you're going to outdo what America does, all the vicious crimes we do where like, oh, how did we lose those wars we were in for the last 20 years? I didn't know you could just kill all their kids.
Chris Hedges
I know.
Kurt Metzger
That was perfectly fine. Why did the most moral army in the world tell us about starving the Afghans to starve them all until they get rid of the Taliban? Yeah, why don't we use those amazing tactics?
Jimmy Dore
So good for Gallup for doing this poll. So now less than half of Americans are on the side of Israel. Less than half. Guess what, nine 99 out of 100 of your elected federal representatives are on the side of Israel.
Kurt Metzger
Yeah, and your money's going there anyway. I mean, you have what is ever sympathy as you want.
Jimmy Dore
Yeah.
Kurt Metzger
But guess what? You don't get no say in it.
Jimmy Dore
They say they're going to send your Trump just sent more money to Israel, billions more. So all the money they're saving with your Medicaid cuts or your Social Security cuts, they're just sending it to Israel.
Kurt Metzger
Who has socialized medicine, who by the.
Jimmy Dore
Way, they have Medicare for All in Israel. You don't. You still go bankrupt when you get sick. You still pay 100% more for your health care than the rest of the western world with worse results. People say, look how bad it is in Canada. We have it worse and we pay worse result. And we pay 100% more than Canada is paying 100% more. We pay more. We pay. So when you hear someone say Americans pay twice as much for their health care as the rest of the western world with worse results, what is twice as much mean? It means 100% more. And you've been propagandized to say, well, I don't want the government to run my health care. I want to keep paying 100% more. And the government doesn't run your health care. You go to a private doctor, you go to a private hospital, you go to a private pharmacy. The government just pays the check. Instead of Blue Cross skimming a third off the top, putting it in their pocket, and then skimming another third by denying you the service you actually your doctor wants you to have.
Kurt Metzger
It wasn't enough just skim off it. They got to make an extra buck screwing you what you paid for.
Jimmy Dore
That's right. So anyway, I don't know how we got off that, but that's Gallup let you know. Less than half the United States now sympathetic towards Israelis and teenagers who are on TikTok. 66% of Jewish teenagers in the United States now support or sympathize with the Palestinians. They used to bring on, you know, people working for the CIA on TV that were clandestinely working for them. People like Ken Delinian. And now they just skip it and they just bring on the former head of the CIA or they bring on a CIA guy or James Comey or, you know, struck anybody and they, they don't even bother to have a middleman to try to make it look like they're not propaganda. And then people just go, oh, yeah, now we believe the CIA and now we believe the FBI. I mean, lefty organizations have been infiltrated and dismantled by the FBI for since World War II. And just it's amazing to see that happen where people, they just have no sense of history and they just go right along with it. And to the point now where people I respect are like, almost pooh, poohing. The idea of Donald Trump trying to clean up the FBI, I mean, isn't that shocking?
Chris Hedges
It's utterly shocking. I mean, it tells you that they're not really teaching kids a whole lot in universities about even very recent history. If you knew anything, if the students that were taught anything about the church committee hearings, if they, you know, had to learn about Project Mockingbird and, you know, cointelpro and all these other programs that, you know, they're not fantasies, these aren't conspiracy theories. These are things you can go to government databases and read the documents and see that they had, you know, a concrete strategy that they call disruption, right, which is involved, you know, agencies like the FBI going to people like Martin Luther King and Malcolm X, and even when they're not suspected of crimes, just finding ways to disrupt their lives, you know, planting news stories about them that are negative, wiretapping them, spreading rumors. We did this constantly, as you say, we infiltrated peace groups. And it's like, this is, all this is forgotten. And people now, they turn on the television and they see former FBI official Frank Figliusi on the air, and, and they're like, oh, that's, that's, that's a believable news person. It's wild.
Jimmy Dore
And, and what do you say to the people? You know, I had Chris Hedges on recently, who I'm a big fan of, and, and I showed him a clip of Christian Parente saying that, you know, this is a good thing. What Kash Patel and Trump is doing is that they're dismantling. And, you know, they say the people who are against it or aren't enthused about it say that, well, they're just going to replace them with their own goons that are loyal to Trump and what's coming is worse than what we have now. And Christian Parenti says, we don't know that. And that's what I say, the same thing. We don't wait. Well, let's wait and see what happens. And then if it's bad or worse, we'll oppose it then. But first time in my lifetime there's someone's trying to dismantle the FBI in a way that makes them not weaponize the FBI. Maybe they'll just make it the same in their own image, but we don't know that yet. What do you say to those people who say that?
Chris Hedges
I Mean, I know Chris, and we get along together. We actually were teachers together in prison. We taught in a prison together. And I love him. Right. I disagree with him on this. I get it. I think there's an instinct with a lot of people, especially on the left, who grew up with lefty audiences, it's very, very difficult to say anything that can be construed as a positive about anything that Donald Trump is doing and maintain your lifestyle or your reputation with Kash Patel. I think for some of these people, it's just unfamiliarity or they look at him and he doesn't look like their idea of a reformer. I was initially skeptical about him, but when he first did his report about Russiagate, remember he was brought in, of all the people who were investigating Russiagate in 2017 and 2018, he was like the only Justice Department official who said, you know what? This thing kind of stinks. And I'm going to look, I'm going to investigate it to see what's really going on. He went to work in the Intelligence Committee. He did this report. He got completely thrashed for it in mainstream media. He was denounced for this news memoir. People said that, that his boss, Devin Nunes, should be kicked out of the House for even writing it. And then a few years later, it comes out. Everything he wrote is true. Like he just. As an investigator, this is what impressed me as an investigator, Everything that he wrote in that report turned out to be 100% accurate. And that's not easy to do because they didn't, they didn't have full visibility into the entire thing. So, yeah, I think sometimes you just have to trust that people, you know, it may work out better than you think. And certainly, certainly he's not part of the same old structure. At least that is, is a positive.
Jimmy Dore
The war rhetoric is being ramped up. China is ready to fight till this end. Till the end. In response to a tariff war, a trade war, any other, any, any other type of war. Chinese Foreign Ministry spokesperson Lynn Jian spoke after US tariffs on China were increased to 20%. Jian criticized the pretext of the fentanyl crisis for these tariffs and the U.S. cold War era mentality. Linjiang emphasized China's readiness to defend its interests and reject unilateralism, calling for equal dialog and cooperation instead of confrontation. Really? Well, here's Pete Hegseth, and he's going to say he's ready for war with China. You think I'm kidding? But whatever you want to say about Pete, one thing's absolutely certain, and this the only Thing certain is that uncertainty in this world, but the one certain thing is that Pete Hegset goes to the same guy Gavin Newsom does for his hair.
Kurt Metzger
You think that's a heavy amount of broil cream in that pompadour? That's not.
Jimmy Dore
Let's watch what he says. As the speech wrapped up last night.
Pete Hegseth
This was posted by the Chinese Embassy, quote, if war is what the US.
Jimmy Dore
Wants, be it a tariff war, a.
Pete Hegseth
Trade war, or any other type of.
Jimmy Dore
War, we're ready to fight till the end.
Pete Hegseth
As Secretary of Defense, how do you take that? Well, we're prepared. Those who long for peace must prepare for war. That's why we're rebuilding our military. That's why we're reestablishing deterrence in the warrior ethos is because we live in a dangerous world with powerful ascendant countries with very different ideologies. You mentioned defense spending. They're rapidly increasing their defense spending, modern technology. They want to supplant the United States. If we want to deter war with the Chinese or others, we have to be strong. And that president understands peace comes through strength. He also has a great relationship with that gentleman right there, too, Xi Jinping. So where we can partner, where we can cooperate to recognize that we don't want war with China, we don't seek that war.
Jimmy Dore
We will.
Pete Hegseth
And the president has sought historic peace and historic opportunities. But my job as the Secretary of Defense is to make sure we're ready. We need the defense spending, the capabilities, the weapons and the posture in the Indo Pacific, which is something we're very much focusing.
Antony Blinken
China is.
Jimmy Dore
Yeah. And. And fighting for our right to have plastic rice from China is worth dying for anyways.
Kurt Metzger
All this is all like a, you know, this is all like an ad for we're going to where we're going to start spending the money for our weapons system stuff. It's all pageant because that Chinese officials do that all the time. The same crap our officials do where they go, well, we might have a war. This is get the industry going, Heg says threat changing hands. Yeah.
Jimmy Dore
His threat came after China declared late Tuesday that they were ready to clap back if the United States was bent on waging a trade or tariff war. Soon after, Trump's initial 10% tariff on Chinese imports doubled to 20%. And here is the. This is that guy, Lynn Jian, the Chinese diplomat and spokesperson for the Ministry of Foreign Affairs. He says the United States should stop seeing China through its own hegemonic lens and viewing China US Relations with an outdated Cold War. Mentality, the foreign minister spokesman said, dismissing US Defense Secretary Pete Hegseth's remarks about the US Preparedness for war. Any war, be it tariff, be it a tariff war, a trade war, a cold war or a hot war must be fought, must not, must not be fought, and cannot be won. So that's good. So just to let you know what's happening with the tariffs, US President Donald Trump's 20% tariffs on Chinese imports have come into effect alongside levies on Canada and Mexico. Both China and Canada have retaliated, deepening a global trade war. Wait a minute. How are we supposed to get all of our fake organic food at Whole Foods unless we get that from China? Yeah, and where is China supposed to get all the chemicals they use to make fake organic food unless they get them from America? It's like an O. Henry story. Here we go.
Lynn Jian
Just as President Donald Trump's 20% tariffs on all Chinese imports came into effect on Tuesday, Beijing announced a sweep of retaliatory measures that includes its own 15% tariffs on some U.S. goods, including chicken and wheat, and a 10% tariff on major agricultural products such as soybeans and sorghum. China is also adding 10 US firms to its so called unreliable entity list, meaning they could face punitive measures alleging they participated in arms sales or worked on defense tech cooperation with Taiwan, and added another 50 firms to an export control list on national security grounds. China's Ministry of Finance blasted Trump's levies, saying they undermine the foundation of economic and trade cooperation between the two countries and increase the burden on US Companies and consumers. Trump at the same time slapped tariffs on Canada and Mexico, but China's response was mild in comparison with Canada, which imposed counter tariffs on 107 billion billion of U.S. goods. Mexico's previously signaled openness to imposing its own duties on Chinese imports to avoid levies from the U.S. sources previously told Bloomberg. In any case, more tariff hikes and retaliatory moves are likely in this new era of global trade warfare.
Jimmy Dore
So that's what's going on. And I guess we have to wait and see how all this shakes out because I'm not smart enough to tell you how it's going to I don't think anybody is.
Kurt Metzger
And this is based on fentanyl was the that's sensible reason.
Jimmy Dore
That's what they're saying. Hey, become a premium member. Go to jimmy door comedy.com sign up. It's the most affordable premium program in the business. All the voices performed today are by the one and only, the inimitable Mike McRae. He can be found at mikemcrae.com that's it for this week. You be the best you can be and I'll keep being me. Don't freak out. I'm not kidding. Do not.
Kurt Metzger
Do not.
Chris Hedges
I'm not.
Jimmy Dore
I'm not. I'm not.
Al Pacino
I'm not.
Jimmy Dore
I'm not. I'm not. Don't freak out. Don't freak out. Do not Freak out. Freak out. Freak out. Freak out.
Podcast Episode Summary: "Senate Votes To Allow Debanking Over 'Misinformation' & 'Hate'!"
Podcast Information:
The episode opens with Jimmy Dore discussing the alarming trend of "debanking" individuals and organizations based on their political or ideological stances. He draws parallels to previous incidents, such as the debanking of Canadian truckers protesting mandatory vaccines and content creators like Jackson Hinkle losing access to platforms like Venmo and PayPal.
Jimmy Dore [07:03]: "Senate Republicans just legalized debanking by voting to remove the Consumer Financial Protection Bureau."
Dore delves into the role of the CFPB, emphasizing its importance in safeguarding consumers from arbitrary financial sanctions by large tech and financial corporations. He counters arguments from prominent figures like Marc Andreessen, who claim that the CFPB enables debanking.
Marc Andreessen [10:37]: "The CFPB is basically, to terrorize financial institutions. Prevent new competition, new startups that want to compete with the big banks."
Dore refutes this by highlighting the CFPB's track record in returning billions to consumers and penalizing unethical financial practices.
A significant portion of the discussion centers around the collapse of Synapse, a fintech company associated with Andreessen Horowitz. The shutdown resulted in users losing millions, exemplifying the dangers of unchecked financial power.
Jimmy Dore [20:05]: "When fintech Synapse went under earlier this year, thousands of users were left holding the bag. In some cases, that meant their life savings."
Dore critically examines the Senate Republicans' decision to repeal the CFPB rule that protected users from political debanking by payment apps. He underscores the minimal support required for this repeal, noting the lack of bipartisan backing.
Jimmy Dore [28:22]: "Senate Republicans on Wednesday moved to allow payment apps like Venmo and PayPal to return to ideological debanking."
The conversation shifts to the intersection of debanking and free speech, particularly concerning criticism of Israel. Dore cites Laura Loomer as an example of a right-wing influencer who faced debanking for her political statements.
Jimmy Dore [05:26]: "She is a trans actress who played a trans woman in that movie... Because old tweets of her surfaced, everyone's favorite fucking sense."
Referencing recent Gallup polls, Dore highlights a significant shift in American public opinion, with support for Israel dropping below 50% and sympathy towards Palestinians increasing.
Jimmy Dore [37:50]: "Less than half the United States now is sympathetic towards Israelis."
Dore connects the debanking discourse to the banning of TikTok in the U.S., suggesting that the platform was targeted due to its role in facilitating criticism of Israel.
Jimmy Dore [43:59]: "They banned TikTok because they're telling you too much truth about Palestinians, too much free speech, not good."
The episode touches upon escalating tensions between the U.S. and China, with increased tariffs and retaliatory measures deepening a global trade war. Dore criticizes the rhetoric from U.S. Defense Secretary Pete Hegseth, framing it as part of a broader strategy to control economic and political narratives.
Pete Hegseth [56:18]: "If war is what the US wants, be it a tariff war, trade war, or any other type of war, we're ready to fight till the end."
Dore concludes by warning listeners about the consolidation of power among billionaires and tech giants, emphasizing that the absence of regulatory bodies like the CFPB leaves consumers vulnerable to exploitation and censorship.
Jimmy Dore [36:17]: "You don't live in a free country."
He underscores the urgency of supporting institutions that protect consumer rights and advocating against legislative moves that empower financial oligarchs.
Debanking Threat: Senate Republicans have voted to repeal CFPB rules, enabling payment platforms to debank users based on political beliefs, primarily affecting those critical of establishments like Israel.
CFPB's Role: Contrary to claims by figures like Marc Andreessen, the CFPB actively protects consumers from unethical financial practices, returning billions and penalizing misconduct.
Impact of Debanking: Real-world examples, such as the Synapse collapse, demonstrate the dire consequences of unchecked financial power, leading to consumers losing life savings without recourse.
Public Sentiment Shift: Polls indicate a declining support for Israel among Americans, coupled with rising sympathy for Palestinians, challenging longstanding political narratives.
Tech Control Over Finance: The ban on platforms like TikTok is portrayed as a means to suppress free speech and control political discourse, particularly around sensitive issues like the Israel-Palestine conflict.
Oligarchic Influence: The episode warns of the growing influence of billionaires and tech monopolies over democratic institutions and consumer rights, advocating for stronger regulatory protections.
Jimmy Dore [07:03]: "Senate Republicans just legalized debanking by voting to remove the Consumer Financial Protection Bureau."
Marc Andreessen [10:37]: "These agencies are terrorizing financial institutions... preventing new competition."
Jimmy Dore [20:05]: "Thousands of users were left holding the bag. In some cases, that meant their life savings."
Pete Hegseth [56:18]: "If war is what the US wants... we're ready to fight till the end."
Jimmy Dore [37:50]: "Less than half the United States now is sympathetic towards Israelis."
In this episode, Jimmy Dore passionately critiques the Senate Republicans' move to repeal protections against debanking, highlighting the broader implications for free speech and consumer rights. By intertwining discussions on financial regulation, political bias, and global trade tensions, Dore paints a concerning picture of an evolving oligarchic landscape where powerful entities wield disproportionate control over individual freedoms and economic stability.