Republicans are worried that the firearms industry is about to be rendered equal with the cannabis industry, the latter of which still has no legal access to the banking system due to federal discrimination.
Many who cherish the Second Amendment believe that the financial industry is poised to shut its doors to the gun industry, which is why some gun stores are making the switch to cryptocurrency.
Rob McNealy, a Second Amendment supporter, created the Universal Settlement Coin (TUSC) specifically for the gun industry. The cryptocurrency is meant to provide gun stores with a tool that will allow them to provide goods and services outside without interference from the banking industry.
“Cryptocurrencies are increasingly seen as a viable alternative for purchasing goods,” writes Tom Knighton for Free Beacon.
“They exist completely outside of the banking system, which allows stores, suppliers, and customers to make transactions that can’t be cut off by banks worried about their reputation, the primary reason given for cutting off services.”
Tesla recently announced that it will start accepting Bitcoin, joining Starbucks, Microsoft and Home Depot, all of which have done the same.
McNealy decided to create TUSC three years ago in response to the Obama regime’s “Operation Choke Point,” which increased federal scrutiny against the firearms industry.
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Operation Choke Point was put to an end during the first few months of the Trump administration, but is now potentially back on the table with China Joe ruling from the White House.
Even after Operation Choke Point was ended, many banks continued to deny services to the firearms industry due to pressure from gun control activists, which is just flat-out discrimination.
Some gun companies still in denial about risks of financial de-platforming
According to McNealy, many gun companies never could have anticipated being cut off from financial services. Some of them are now scrambling to put a contingency plan in place.
“No one thought we’d see the de-platforming we do today,” he says.
Spike Tactical, a gun manufacturer based out of Florida, was told by its bank that it had to find other services. The company was also cut off from e-commerce provider Shopify.
“I’d urge a lot of the gun companies to look at crypto,” says Cole Leleux, Spike’s CEO.
Mark Oliva, director of public affairs at the National Shooting Sports Foundation, is taking a different approach. Rather than focus on new financial systems, Oliva wants to preserve a place for the gun industry on the existing one.
“We are focused on eliminating the banking discrimination policies that were allowed to remain in place when the Biden administration ‘paused’ the Fair Access banking rule from publication,” Oliva told the Free Beacon, noting that some of the hardest hit are small gun businesses.
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Another threat against the Second Amendment is new legislation proposed by Texas Rep. Sheila Jackson Lee, a Democrat, who wants all gun owners to have to register their firearms with the federal government.
Known as the “Sabika Sheikh Firearm Licensing and Registration Act,” the legislation would turn tens of millions of Americans into felons almost overnight.
“Well, something was going to trigger the civil war,” one of our own commenters wrote. “It most certainly will be this … if nothing worse comes along sooner. A good investment would be to go long on body bag companies.”
“It’s more of a threat to non-gun-owners, as criminals could easily determine what houses can be targeted without threat of being shot,” wrote another, offering a different perspective on Lee’s bill.
More related news about threats against the gun industry can be found at SecondAmendment.news.
Sources for this article include:
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!