Posted originally on Jun 6, 2025 by Martin Armstrong 

US banks were weaponized under the Biden Administration. I reported at length how US banks were required to provide the government with information on anyone suspected of being a domestic terrorist. US intelligence agencies searched through records for terms like “Trump” and “MAGA” to target Americans who they believed may hold “extremist” views. The agencies searched for Americans who purchased religious texts, such as the Bible, and also labeled them extremists. Anyone expressing disdain for the COVID lockdowns, vaccines, open borders, or the deep state was placed on a watchlist. Banks are attempting to change their tone now that there is a new administration.

Law-abiding Americans were punished for exercising their Constitutional right to bear arms. In March 2018, Citibank decided it had the authority to determine what businesses could access their banking services based on their Second Amendment stance. Citibank’s business clients were dropped as clients if they failed to adhere to the bank’s regulations on firearms. Donald Trump accused Citibank, JPMorgan, and others of deliberately discriminating against customers based on political affiliation.

Citibank issued a notice that it would be reversing policy:

“We will update our employee Code of Conduct and our customer-facing Global Financial Access Policy to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion. This will codify what we’ve long practiced, and we will continue to conduct trainings to ensure compliance.

We also will no longer have a specific policy as it relates to firearms. Our U.S. Commercial Firearms Policy was implemented in 2018 and pertained to sale of firearms by our retail clients and partners. The policy was intended to promote the adoption of best sales practices as prudent risk management and didn’t address the manufacturing of firearms. Many retailers have been following these best practices, and we hope communities and lawmakers will continue to seek out ways to prevent the tragic consequences of gun violence.”

The banks were caught red-handed discriminating against clients. The documents are clear as day that these institutions were told to search financial records for anyone who could be a potential Trump supporter.

JPMorgan reversed its Code of Conduct back in March 2025 to state that it would protect customers, suppliers, contractors, and employees from discrimination in financial services based on political or religious views. Reporting on whether a person had purchased a religious book is more than intrusive. It is outright discrimination against people who likely hold conservative views.

The government effectively transformed banking institutions into spy agencies, and no one was held accountable. This predatory behavior was certainly not limited to the US, as similar practices were observed in Australia, the UK, Europe, Canada, and other regions. Governments are ready and prepared to silence dissenters by removing them from the financial system. The banks claim they have “opaque” rules that they must adhere to, which cannot always be explained to the public, but this is because the government controls our financial system. The rules can change at any time.