Barclays ban Binance deposits

Brie

I'm going to ignore all the silly slapping at each other going on here and just say that if Barclays ignored a warning from the FCA about Binance then they would very likely be setting themselves up for a big problem.  And frankly I heard about the restrictions on cryptocurrency trading from RBS first and then Barclays.  Not that I do any trading in cryptos, I like my investments to be a bit more solidly real.

https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group

lozzy1965

Type_45 said:

What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid, you'll notice that ordinary people are poorer, less free and suffering.  

But you probably don't see it that way because you get your information from the media organisations which the people getting richer own.  

If you can't see you are being played then you brainwashing and propaganda has worked on you.


Do you think it's a coincidence that Google became a pharmaceutical company in 2019...  and were at the time funding the Covid researchers working in Wuhan who allowed the virus to escape...  and who's profits then rose 162% during lockdowns....   and all the while they are in complete control of what people see when they "google" for what's going on?


If you can't see that you are being played, and that this is all about power and money, and that the billions of ordinary people are nothing more than a commodity for the 1% then I really can't help you.

Ever heard of David Icke?  You'd like him.

Scottex99

lozzy1965 said:

Scottex99 said:

GeordieGeorge said:

Mje2020 said:

I have never heard of a bank blocking payments to a specific company. Does anybody have examples of this happening before?

Yes, it happens all the time. Western banks will not make payments to companies who have sanctions against them, for example, or who are known to be fraudulent.

As others have said, now that banks keep being on the hook for things they had nothing to do with they are far more careful.

If you want to deal with banks who are less concerned about the risk then a Russian or Somali one would probably let you do whatever you want.

Plenty of regulated crypto friendly banks in the UK/EU, we send Ms through some of ours every day.

On the point of the OP, it's our money, we should be able to send it wherever we want assuming we shoulder the responsibility of losing it. But Barclays are a business too and can set their own rules so i'm not 100% against the decision either.

Not if we are sending it to a terrorist organisation or some other criminal organisation we shouldn't.

Bit of a jump from Binance to Al-Qaeda

lozzy1965

Scottex99 said:

lozzy1965 said:

Scottex99 said:

GeordieGeorge said:

Mje2020 said:

I have never heard of a bank blocking payments to a specific company. Does anybody have examples of this happening before?

Yes, it happens all the time. Western banks will not make payments to companies who have sanctions against them, for example, or who are known to be fraudulent.

As others have said, now that banks keep being on the hook for things they had nothing to do with they are far more careful.

If you want to deal with banks who are less concerned about the risk then a Russian or Somali one would probably let you do whatever you want.

Plenty of regulated crypto friendly banks in the UK/EU, we send Ms through some of ours every day.

On the point of the OP, it's our money, we should be able to send it wherever we want assuming we shoulder the responsibility of losing it. But Barclays are a business too and can set their own rules so i'm not 100% against the decision either.

Not if we are sending it to a terrorist organisation or some other criminal organisation we shouldn't.

Bit of a jump from Binance to Al-Qaeda

Ha ha true.  Or maybe not if the reason Binance have been dumped by Barclays is that they can't demonstrate suitable controls and checks.  My comment was more aimed at your "we should be able to send it wherever we want" comment, rather than specifically Binance

Type_45

lozzy1965 said:

Type_45 said:

What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid, you'll notice that ordinary people are poorer, less free and suffering.  

But you probably don't see it that way because you get your information from the media organisations which the people getting richer own.  

If you can't see you are being played then you brainwashing and propaganda has worked on you.


Do you think it's a coincidence that Google became a pharmaceutical company in 2019...  and were at the time funding the Covid researchers working in Wuhan who allowed the virus to escape...  and who's profits then rose 162% during lockdowns....   and all the while they are in complete control of what people see when they "google" for what's going on?


If you can't see that you are being played, and that this is all about power and money, and that the billions of ordinary people are nothing more than a commodity for the 1% then I really can't help you.

Ever heard of David Icke?  You'd like him.

Yes, and I do like him. 

Type_45

eskbanker said:

Type_45 said:
What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid [...]

Orders (plural) of magnitude means at least a multiple of a hundred, so exactly which have added multiple zeroes to their wealth in the last year and a half?  Or if you're retreating to power rather than wealth, how exactly are you quantifying that?

That's not what it means. It means by 10, not 100.

"The world's 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%"

https://www.cbsnews.com/news/billionaire-wealth-covid-pandemic-12-trillion-jeff-bezos-wealth-tax/

Aretnap

Type_45 said:

eskbanker said:

Type_45 said:
What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid [...]

Orders (plural) of magnitude means at least a multiple of a hundred, so exactly which have added multiple zeroes to their wealth in the last year and a half?  Or if you're retreating to power rather than wealth, how exactly are you quantifying that?

That's not what it means. It means by 10, not 100.

"The world's 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%"

https://www.cbsnews.com/news/billionaire-wealth-covid-pandemic-12-trillion-jeff-bezos-wealth-tax/

I know I shouldn't but...

An order of magnitude (singular) means ten fold. Orders of magnitude (plural) means more than one order of magnitude. Two orders of magnitude would be a hundred fold, three orders of magnitude a thousand fold etc.

Also, a 54% infcrease is not tenfold.

Here's a handy resource which will help you with this sort of advanced mathematics.

https://www.bbc.co.uk/bitesize/subjects/zjxhfg8

lozzy1965

Type_45 said:

lozzy1965 said:

Type_45 said:

What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid, you'll notice that ordinary people are poorer, less free and suffering.  

But you probably don't see it that way because you get your information from the media organisations which the people getting richer own.  

If you can't see you are being played then you brainwashing and propaganda has worked on you.


Do you think it's a coincidence that Google became a pharmaceutical company in 2019...  and were at the time funding the Covid researchers working in Wuhan who allowed the virus to escape...  and who's profits then rose 162% during lockdowns....   and all the while they are in complete control of what people see when they "google" for what's going on?


If you can't see that you are being played, and that this is all about power and money, and that the billions of ordinary people are nothing more than a commodity for the 1% then I really can't help you.

Ever heard of David Icke?  You'd like him.

Yes, and I do like him. 

He's very misunderstood for someone who talks so much sense. The trouble is, the majority of the population have been brain washed into not believing a word he says.  It's a very sad state of affairs.

Malthusian

Regarding the fuel tax exemption for private jets:  see the G7 meeting in Cornwall when the world leaders were openly flouting the Covid rules they tell us to obey.

Not a great example to convert the sheeple, as poor and middle-class people openly flout Covid rules en masse as well.

"Did you know that rich people have lots of money which means they can pay people to do stuff for them" isn't so much a conspiracy theory as a statement of the obvious. "Did you know that rich people are actually lizards and drink the blood of babies" is more like it.

eskbanker

Type_45 said:

eskbanker said:

Type_45 said:
What is happening is a massive power and money grab by the people who rule the world.  ie, the tech giants, big pharma, numerous billionaires, supra-national organisations (IMF, UN, EU etc) and the national governments (who in reality are puppets who only last a few years).

And whilst all of the above are richer and/or more powerful now by orders of magnitude than they were before Covid [...]

Orders (plural) of magnitude means at least a multiple of a hundred, so exactly which have added multiple zeroes to their wealth in the last year and a half?  Or if you're retreating to power rather than wealth, how exactly are you quantifying that?

That's not what it means. It means by 10, not 100.

"The world's 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%"

https://www.cbsnews.com/news/billionaire-wealth-covid-pandemic-12-trillion-jeff-bezos-wealth-tax/

Indeed - increasing by one order of magnitude is multiplying by ten, so a 900% increase.  Increasing by orders (plural) of magnitude means at least two orders of magnitude, i.e. multiplying by over a hundred, so at least a 9900% increase.  54% doesn't even come close....