A top bank watchdog said he was making sure big banks have finally ditched those “oops, we just destroyed your business because we don’t like your political beliefs” – er, debanking rather, policies. You remember those, right? We sure do. It happened around the same time Google, Paypal and Amazon all banned us due to our (correct) take on the origins of Covid-19 and because they didn’t like our (correct) take on the BLM movement.
For those that missed it, a slew of banks under the Biden administration outright cancelled people’s accounts and didn’t allow them access to a bank account based on the industry they worked in, or many times their political views (surprise, none of them were Democrats).
Jonathan Gould, head of the Office of the Comptroller of the Currency, or OCC, told a conference that supervisors are double-checking banks really did stop blacklisting sectors like firearms from banks, according to Reuters.
This oversight follows a June executive order from President Donald Trump directing banks to avoid denying services based on industry type or political considerations. Reuters writes that supervisors are now ensuring that the largest banks are in compliance with the updated approach.
As The Epoch Times wrote back in August, President Donald Trump’s executive order banning politicized debanking is intended to reverse what some analysts say is a trend of banks and payment services refusing service to people and companies for political, religious, or ideological reasons.
Advocates against political debanking cite cases of Christians and conservatives who they say have been victims of this process. This includes allegations by Christian organizations including Tennessee-based nonprofit Indigenous Advance Ministries, as well as Sam Brownback, the chairman of the National Committee for Religious Freedom (NCRF), and the president himself.
Speaking to bank executives at the World Economic Forum in January, Trump said, “I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America.”
Debanking is one of the most nefarious secrets of the financial system: It is never in public forums, only specialists write about it, yet it is a threat to everyone in the most intensely effective way. The practice denies people access to the basics of life and there is no appeal, no process, no methods of challenge, and no remediation.
In her biography, Melania Trump revealed that she and her son Barron were victims of debanking. This happened in 2021, after her husband had left the office of the presidency. There were concerted efforts at the time to wipe out the memory of his time in office. Here’s more from Eric Trump on what his family endured.
Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.