A little more than a week ago, PayPal announced that it would steal money from people saying things it doesn't like.
Included in its updated Acceptable Use Policy was a provision that breaking the rules would mean that a user "will be liable to PayPal for the amount of PayPal's damages caused by your violation of the Acceptable Use Policy." What sort of damages? "You acknowledge and agree that $2,500 U.S. dollars per violation of the Acceptable Use Policy is presently a reasonable minimum estimate of PayPal's actual damages -- including, but not limited to, internal administrative costs incurred by PayPal to monitor and track violations, damage to PayPal's brand and reputation, and penalties imposed upon PayPal by its business partners resulting from a user's violation."
"PayPal may deduct such damages directly from any existing balance in any PayPal account you control," it concludes.
Among the activities that violate the AUP are "the sending, posting, or publication of any messages, content, or materials" that "promote misinformation" or "present a risk to user safety or wellbeing."
Essentially, this would mean that PayPal could steal $2,500 per violation of a vague policy penalizing "misinformation," as defined and determined solely by PayPal itself!
The outrageous policy was quickly reversed after enormous online blowback, with the lame excuse that the new policy "went out in error" and that "this language was never intended to be inserted in our policy."
The threat of financial institutions suffering "reputational" risk is not new, but the expansion of this term to encompass not financial, but social reputation, is.
In 2018, then New York Governor Andrew Cuomo used that idea of "reputational risk" to threaten NY insurers, telling them they had better stop doing business with the National Rifle Association.
"Our insurers ... are in the business of managing risks, including their own reputational risks," Cuomo's New York threatened, "by making risk management decisions on a regular basis regarding if and how they will do business with certain sectors or entities... [T]he Department encourages its insurers to continue evaluating and managing their risks, including reputational risks, that may arise from their dealings with the NRA or similar gun promotion organizations."
This is an unconscionable (and unconstitutional) behavior is an outright threat -- "sure would be a shame if something happened to your reputation..."
The nexus between financial institutions and the efforts to force through a "regime change" for the suppression of effective forms of energy and the open exchange of ideas, is part of Global Britain's "green" warfare against humanity.
Read more in The LaRouche Organization's report "The Great Leap Backward: Crush the Green New Deal" — in particular the section "Prince Charles Invented and Runs the 'Green New Deal'"
