> It's interesting that the idea that 'banks should refuse to do business with potential terrorists' is something that most people I know support, or don't care about.
I tell them about the "terrorists" truckers who went on strike in Canada and who got debanked for going on strike.
> (I almost got debanked once -- I had my account re-instated after many weeks of extreme stress ...
You tell me. I had to fill nearly a PDF with nearly 50 pages justifying where and how I bought groceries and how I put tank in my car because they somehow thought I may not be living in the country I said I was living in.
Same things: weeks of insane stress but, eventually, they said things were OK.
You're not a weirdo. People don't realize we live in a Brave New World, complete with secret ESG score (assigned by banks to customers), etc.
Many simply have blind love for the state and they'll never question any rule made by the state.
So they'll state: "But banks are only following the law!". Which is precisely the problem: such laws shouldn't exist.
I live in a country where it's all about banking finance and most don't realize they don't produce anything at all. It's all about KYC/AML/compliance/SARs/fiscal lawyers/etc. A big, gigantic, void.
While you see SpaceX going from their Raptor 1 design to their Raptor 3 design, using the "idiot index", where things become more efficient and way cheaper, bureaucracy (and their banking following dogs) works the other way: everything becomes less efficient and more costly.
I tell them about the "terrorists" truckers who went on strike in Canada and who got debanked for going on strike.
> (I almost got debanked once -- I had my account re-instated after many weeks of extreme stress ...
You tell me. I had to fill nearly a PDF with nearly 50 pages justifying where and how I bought groceries and how I put tank in my car because they somehow thought I may not be living in the country I said I was living in.
Same things: weeks of insane stress but, eventually, they said things were OK.
You're not a weirdo. People don't realize we live in a Brave New World, complete with secret ESG score (assigned by banks to customers), etc.
Many simply have blind love for the state and they'll never question any rule made by the state.
So they'll state: "But banks are only following the law!". Which is precisely the problem: such laws shouldn't exist.
I live in a country where it's all about banking finance and most don't realize they don't produce anything at all. It's all about KYC/AML/compliance/SARs/fiscal lawyers/etc. A big, gigantic, void.
While you see SpaceX going from their Raptor 1 design to their Raptor 3 design, using the "idiot index", where things become more efficient and way cheaper, bureaucracy (and their banking following dogs) works the other way: everything becomes less efficient and more costly.