Billionaire Exposes Biden Admin’s Role in Weaponizing Financial Institutions

Billionaire venture capitalist Marc Andreessen dropped a bombshell during a recent interview with podcast host Joe Rogan, accusing the Biden administration of using financial regulators to target political opponents. The practice, known as "debanking," involves shutting individuals and companies out of the banking system a move Andreessen describes as a weaponization of executive agencies to silence dissent.

Andreessen outlined how agencies like the Consumer Financial Protection Bureau (CFPB) which he dubbed “Elizabeth Warren’s personal agency” have been pressuring banks to sever ties with those deemed politically inconvenient.

“The First Amendment says the government cannot censor American citizens,” Andreessen explained. “But what they do is fund an outside organization and have them do it.” He argued that financial institutions are effectively terrorized into compliance, preventing competition and innovation, particularly among tech and crypto startups.

Under current regulations, financial entities can designate individuals as “politically exposed persons” (PEPs), forcing banks to cut ties. According to Andreessen, the system operates on a blatantly partisan basis: “I haven’t heard of a single instance of anyone on the Left getting debanked.”

Andreessen traced the origins of this disturbing trend back to the Obama administration’s “Operation Choke Point,” which debanked legal industries like marijuana dispensaries, firearms manufacturers, and others. The Biden administration, he claimed, has expanded the practice to include tech founders, crypto entrepreneurs, and political opponents.

“We’ve had like 30 founders debanked in the last four years,” Andreessen revealed. “This is one of the reasons why we ended up supporting Trump. It’s like we just can’t live in this world.”

What makes the practice even more alarming is the complete lack of accountability or recourse. Andreessen detailed how debanking occurs outside of legislation, regulation, or court oversight, relying instead on administrative power wielded without transparency or due process.

“There’s no defined law that covers this,” Andreessen explained. “There’s no court judgment. It’s just raw power… It’s the government or politicians just deciding things are going to be a certain way and then applying pressure until they get it.”

He also highlighted related abuses, such as civil asset forfeiture, where individuals can have their property seized by the state without due process. “Who do you appeal to, to get your bank account back?” Andreessen asked.

Andreessen warned that these practices have chilling effects on entrepreneurship and freedom. Legal businesses are being targeted for their political affiliations or simply for innovating in areas that threaten entrenched powers.

The Biden administration’s overreach, he argued, underscores why many in the tech world have thrown their support behind Donald Trump. “We can’t live in a world where somebody starts a completely legal company and then gets sanctioned and embargoed by the United States government,” he said.

Andreessen’s revelations shine a light on a troubling abuse of power that threatens the foundational principles of free enterprise and free speech. With no mechanisms for accountability or recourse, this "debanking" agenda reveals the sinister lengths to which the Biden administration will go to stifle dissent.

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