As reported by CNBC and multiple sites, JPMorgan Chase finally admitted that it closed over 50 bank accounts of President Donald J. Trump and several of his businesses in the political and legal aftermath of January 6, 2021. A despicable tactic also known as “Debanking” is a tool of intimidation and punishment long used by totalitarian regimes and despots the world over for decades.
No matter what anyone may think about President Trump, he is the ultimate personification of the Constitutional and legal rights of every single American citizen. If the far-left – with its hundreds of allies burrowed into the Democratic Party, federal, state, and city judicial offices, corporate America, the media, academia, science, medicine, and entertainment — can continually attack a man who built an iconic global business empire and then went on to become President of the United States…twice…what can it do to mere working-class citizens? As the tagline from a horror movie warned: “If this doesn’t make your skin crawl, it’s on too tight.”
All of this information only came to light because President Trump and his legal team filed a $5 billion lawsuit against JPMorgan and its CEO, Jamie Dimon, for closing his account for political reasons. With the “debanking”, President Trump and his companies were suddenly given until April 19, 2021, to transfer hundreds of millions of dollars before the accounts were officially closed. But, where to transfer such money on almost no notice? President Trump’s legal team has also alleged that Bank of America refused to accept large deposits when he attempted to bank elsewhere.
Curious minds want to know who was directing these megabanks and their leadership to take such chilling and punitive actions against President Trump and his companies? Could it have possibly been the Biden White House, along with Obama allies spread across the banking and corporate landscape, looking to financially and politically cripple Trump? What role did the “Deep State” play? Where are the emails, texts, and Signal conversations? What has been deleted or shredded?
President Trump’s attorneys are alleging that the accounts were "unlawfully closed due to political discrimination" and that they were placed on a "blacklist." Additionally, Trump’s attorneys are accusing JPMorgan Chase and its CEO Dimon of trade libel, violating Florida’s unfair and deceptive trade practices act, declaratory relief and breach of implied covenant of good faith and fair dealing. And because of that, they are demanding a trial Jury.
The Trump legal team has said it is "confident that JPMC’s unilateral decision came about as a result of political and social motivations, and JPMC’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views."
Now comes the terrorizing part. It further alleged that "In addition to the considerable financial and reputational harm that Plaintiffs and their affiliated entities suffered, JPMC’s reckless decision is leading a growing trend by financial institutions in the United States of America to cut off a consumer’s access to banking services if their political views contradict with those of the financial institution.”
If “political views contradict with those of the financial institution.” As you read that, please keep in mind that DEI narratives and hiring have deeply taken root in almost every American bank, corporation, university, hospital chain, science center, and federal, state, county, and city government. As we have seen, many of those pushing those narratives do quite alarmingly view Republicans, conservatives, and people of faith as the enemy. Our “political views” most certainly “contradict” those of many on the far left. “Debanking” is just one of the many weapons the left has at its disposal. An arsenal that will grow exponentially should the Democrats retake Congress in November and the White House in 2028.
For over a decade now, organizations, operatives, and individuals allied with the left or far left extremist views have continually initiated — or triggered — the most heinous — and often coordinated — attacks upon businessman and then President Trump. Be it two assassination attempts (with this Sunday’s incident at Mar-a-Lago under review) — in which the first saw a bullet strike his ear and come within less than an inch of ending his life; “lawfare”; dragging him into various courts on invented charges; seeking to remove his name from multiple state ballots; or…“Debanking” him.
Again, forget that it is President Trump under constant attack solely because of his personal and political beliefs. Beliefs that are afforded full protection by our legal system and the Constitution of the United States of America. For seemingly only partisan, ideological, and truly unhinged reasons, elements associated with or influenced by the left continue to escalate their attacks upon him.
If they succeed, who is next? You? Your company? A family member? What will the intelligentsia on the left deem to be “political views which contradict” their various liberty-robbing narratives?
For the sake of our legal, Constitutional, and personal rights, we had all better hope and pray that President Trump is successful in his multiple defenses against such assaults. If not…
Douglas MacKinnon is a former White House and Pentagon official and author of the book: The 56 – Liberty Lessons from those who risked all to sign The Declaration of Independence. Follow him @DougOfSkye.