Paypal Has Been Political For a Long Time: New PayPal rule: The company can take $2,500 from your account for sharing misinformation (UPDATE) – October 9, 2022,
Paypal has been FREEZING people’s money for decades; I’ve written about it several times; when Paypal doesn’t like you or your business model, it will FREEZE your account. I’m glad in the modern era that “WOKE” is now a commonly used term because years ago, I didn’t have a word to describe Paypal’s tyrannical behavior.
Instead of China becoming more like the U.S, the U.S is becoming more like China. What Paypal is proposing should be illegal because it constitutes a form of THEFT. I don’t have any problems with as an example, Twitter canceling anyone they feel like from using their platform, but with Paypal they might have your money sitting in their account.
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Now if Paypal doesn’t want your business, I’m of the belief they have the right to kick you off their platform, however, they should be allowed to confiscate your earnings or charge you a fine because they disagree with your opinion. If Paypal doesn’t want to be associated with you, they should stop you from using their platform.
But as you’ll see in the article below, Paypal is taking things to a whole new level.
Recently Paypal has rescinded this tyrannical change; however, the reason Paypal assumed they could get away with this is that the MID-TERM elections are coming up in the United States, and the Democrats still control the POPULAR vote. The problem is that a lot of Left Wingers have been the TARGETS of being spreaders of MISINFORMATION, so even people on the left are beginning to comprehend tyranny.
If you wonder why I don’t bash Bitcoin, it’s because of stories like the one I point to below. Quite frankly, without central banking, Paypal making this decision would lead to INSTANT bankruptcy for their company. A lot of these financial monopolies exist because of government regulations that wouldn’t be possible without central banking.
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If the government didn’t have control over the money, what Paypal just proposed would have SERIOUS consequences. One of the reasons this story will get swept under the rug only to emerge at a later date has to do with central banking and the ability of large companies to lobby the government for special rights and privileges.
In a free market, banking is VERY competitive, meaning that similar to blockchain or cryptocurrency, there would be thousands of PayPals looking to take market share so if Paypal decided to become tyrannical, they’d be easily replaced, in fact, Paypal is already losing market share. With all the flaws of DECENTRALIZED cryptocurrencies, I hope you understand why I’m not against them.
Interesting times ahead!
