The Debanking of Nigel Farage - WBD699

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 21 August 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nigel Farage is a prominent British broadcaster and former politician. In this interview, in the wake of the controversial closure of Nigel’s bank account that led to the resignation of the CEO of Natwest Bank, we discuss the importance of individual sovereignty and the control of money by the state. We also discuss the growing concern over CBDCs and the critical importance of cash.

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In June 2023, Nigel Farage had his Coutts UK bank account unexpectedly closed. He firmly believed that this action was a result of political persecution. This sparked a heated debate, with prominent politicians, such as the UK’s Chancellor of the Exchequer Jeremy Hunt, expressing concerns about the denial of financial services to those who engage in lawful free speech.

The BBC reported in early July that Farage's Coutts account had been shut down because he didn't meet the bank’s minimum investment threshold. However, this version of events was untrue. Farage had obtained a document (through a subject access request to Coutts) revealing that the closure of his accounts was in fact due to his political views not aligning with the bank's values.

The CEO of the NatWest Group, Dame Alison Rose, was the source for the BBC’s initial incorrect story. Natwest, the owner of Coutts, is one of the major UK banks. The British Government bailed out the banking group during the Global Financial Crisis, and they still own 39% of the company. Responding to the mounting pressure, Dame Rose resigned on July 25, 2023.

These unfolding events shed light on the challenges faced by individuals when financial institutions seemingly conflate personal beliefs with the provision of banking services. The situation underscores the importance of upholding freedom of speech and the need for transparency and accountability within the banking sector.

Show notes: https://www.whatbitcoindid.com/podcast/the-debanking-of-nigel-farage

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Transcript

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0:00.0	If the desire of the big institutions to basically prevent a flight of money into
0:12.1	Bitcoin, what an earth do people do.
0:15.0	Hello there from I betha, how are you all? I'm having a rare holiday.
0:20.0	It's the first time I've been away in the year.
0:22.0	And it's been a crazy year. So busy so much happening football podcast
0:26.2	Documentaries but I needed a break so I'm here for a few days having some well needed time off with the kids. I'll be back home next Friday for a week and
0:36.8	then off on a massive trip. Off to Latvia for Honey Badger, then I'm off to Australia for the first
0:42.0	time, got our WBD event there.
0:44.4	By the way, if you want a ticket for that, we've got Nick Bartier,
0:46.8	Willy Woo Checkmate, Russie Russell and Dan Roberts all on stage.
0:50.2	If you want a ticket, just head over to what Bitcoin did
0:52.6	dot com and click on WBD live and then I'm off to Lebanon to make another
0:57.1	film. It's going to be a busy, busy September.
0:59.8	Anyway, welcome to the What Bitcoin did podcast, which is brought to you by the legends Iris Energy,
1:04.9	the largest NASDAQ listed Bitcoin miner using 100% renewable energy.
1:08.8	I'm your host, Peter McCormack. Today I've got a massive interview. I've got Nigel Farage on the show
1:14.4	and if anyone British Nigel needs no introduction. But for some of my American
1:19.6	listeners you might not know him he has been a controversial and polarizing politician here in the UK.
1:26.0	He was one of the main people spearhead in the exit from the European Union, known as Brexit.
1:32.0	So yes, a polarizing figure, but he is also a Bitcoiner. I interviewed
1:37.3	him last year at Bitcoin Amsterdam, and he's been through an experience, which I think has probably
1:41.9	made him more of a hardened
	...

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