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What’s the Social Credit Score in Your Wallet?
You are excused if you missed this story. “PayPal Partners With ADL (Anti-Defamation League) To ‘Fight Extremism And Hate’ By Researching, Disrupting Payments,” screamed the headline from Daily Caller, a conservative news site created by Fox News’ Tucker Carlson (he no longer controls it).
Perhaps you ignored it or drew a yawn from you. After all, you may have a Pay Pal account that has never had a problem and aren’t aware of ADL’s hard-left political activism. You may want to pay attention, especially if you’re a conservative who uses credit cards for certain contributions (such as the NRA) or purchases (like, purchasing a weapon for self-defense. And a lot of people are).
That’s more like it.
Wonder if living in San Fran will get me some extra points. But if they track web site use and trace me to this site probably not. Lucky I did my last VA refi last year and don’t care what my credit score, social or otherwise, is.
If it’s like scoring in golf I think I’ll win hands-down.
I wonder if there’s anything in the “fine print” that allows them to cancel mortgages for various reasons. Wouldn’t surprise me. And even if there isn’t such language now, it could always be added via legislation. And courts wouldn’t deny it.
I think — but I don’t remember exactly — but I think banks can call in a loan at any time.
They probably can, they just usually don’t, perhaps mostly because they don’t – or at least didn’t used to – want to end up owning a lot of property. But that could change.
Technology makes it abundantly easier for tyrants to control the population.
Technology is not a gateway to freedom.
I highly recommend keeping an emergency cache of cash … just in case. The power could go out. They could shut off your credit cards. You never know.
Wait, are you saying NuBattlestar Galactica got it right? I can’t accept that.
I’ve been gaming this out in my head, but if Robin Hood and his merry men or compatriots were to all be caught, there would need to be a great many Sherriffs of Nottingham. The more sherriffs you have, the more risk there is for corruption or that one of them may have a stronger sense of right and wrong than obedience to king.
Technology makes it possible for one sheriff to monitor great swaths of forest, cutting down the probability for corruption or do-Rights. Better yet, the king himself could monitor his own forests for unauthorized arrows flying through the air.
Also, aren’t you planning to get out of People’s Republic of California sometime soon? Won’t you need a mortgage for that, or do you expect to pay all cash? (Which automatically makes you suspicious, of course.)
I have to agree with Stina on this point. Just look at China.
There are conservatives who support the Lincoln Project.
I’d love to hear their take on all this.
But, I won’t.
Those would be “conservatives.”
Because nobody believes it, except themselves.
KE, if we can sell our place for 2/3 the current market price we could buy 5 houses in Okla. Brother in law sold his house in Healdsburg, bought 6 acres in Norman. Beautiful house in Norman with swimming pool. No mortgage. And retired at 59. Not bad for an OU partying Sigma Chi.
Then it depends on how long you plan to wait. Housing prices in CA have crashed before, and likely will again. The only question is when. Also, housing prices in other places are going up, as people leave PRC to go elsewhere.
Great post and very scary. I guess these financial institutions don’t care if they lose half of their business.
As long as the feds will pay their salaries etc, it doesn’t really matter to them.
I think that if truth in advertising applied, the ADL might have to take the “Anti” out of its name.
They can expect a bailout. Everyone does these days.
I don’t think they can … easily. But you could nail anyone on mortgage fraud. There’s no way anyone is reading the onerous disclosures and documents. If anyone wanted to get you, they could.
I want to hear from them. Some are here. Where are they to defend their champions?
These are the same people who tried to hang every mean tweet and indeed, a riot, Round the necks of every Trump supporter.
Seems to me if someone donated to the cause, they should answer questions.
Hmmmm. I kinda don’t think that would happen. If it starts happening regularly, it would kill the private housing market because no one would trust getting a mortgage. Wait a minute . . . the left wants everyone in government housing . . .
They don’t have to actually do it to a lot of victims in order to have a significant effect. “pour le encourage les autres”. And furthermore, they can apply such fascistic criteria to loan applications, applications to open checking and savings accounts, and so on. I am assured that liberalism is the opposite of fascism, but the evidence says otherwise.
To which financial institution will you flee? I’m pretty sure they think you are a captive audience. And I’m pretty sure they are right.
And your “social credit score” will determine the quality and location of your residence.
A business can’t refuse to do business with someone on the basis of race. Propose a new federal law which expands that kind of civil rights protection to political viewpoint or affiliation, including party affiliation. A perfectly reasonable extension of the law. Do you think a bank should have the right to close your accounts if they don’t like your politics or what you say on Twitter? Let the social credit defenders in Congress make their case.
This article says that PayPal has teamed up with Southern Poverty.
https://thehill.com/opinion/finance/565860-coming-soon-americas-own-social-credit-system
“Unhappy? Stop whining. Just create your own social media platform…hosting software…ISP…bank…” Where have we heard that before?
I agree. I keep a couple months of cash. Also a couple months of food. But mainly I keep a cache of weapons and about a year’s worth of ammo. If it all falls apart, ammo and the ability to throw it down range quickly and in volume will be of value.
He refuses to be “cross-examined.”