Originally aired on Mar 31, 2023

Bill Barhydt talks to Nic Carter of Castle Island Ventures.

Nic Carter explains the history and impact of the Choke Point program, which deputized banks to cut off bank access to specific industries, in a covert way. He notes that it had a significant impact on remittance businesses and other industries, leading to deaths and human suffering. The program was largely ended during the Trump administration but was rolled back on the first day of the Biden administration.

What is the Choke Point program?

• Choke Point was a program that deputized banks to cut off bank access to specific industries.
• The program had a significant impact on remittance businesses and other industries, leading to deaths and human suffering.
• The program was largely ended during the Trump administration.
• However, the program was rolled back on the first day of the Biden administration.
• Financial neutrality is essential for a free society.
• Trust in financial rails is necessary for a free society.
• The banking system can be effectively weaponized for policy objectives.