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GO WOKE, GO BROKE: PayPal the Latest to Learn the Hard Way

October 12, 2022 By Richard C. Young

By ImageFlow @ Shutterstock.com

Corporations just can’t seem to understand that Americans don’t want them calling balls and strikes in politics. No one needs PayPal to punish people who spread “misinformation,” yet somehow, someone in PayPal’s corner offices decided this was a brilliant idea. Of course, PayPal isn’t really interested in battling “misinformation,” it’s interested in tamping down alternative viewpoints that challenge the establishment narrative. The backlash was instant, and PayPal immediately began damage control. What did they think would happen? At the Institute for Political Economy, Paul Craig Roberts explains:

Last week PayPal, an online service for making and receiving payments, announced that at PayPal’s “sole discretion” $2,500 would be seized from accounts of those PayPal decided were guilty of spreading misinformation. “Misinformation” is whatever some speech control office at PayPal doesn’t like or dissent from official narratives.In other words, PayPal announced a policy of thought control as described in George Orwell’s 1984.

Moreover, $2,500 would be seized for each bit of misinformation, apparently even for errors resulting from being misinformed or from misunderstanding.If an account holder spreads misinformation twice, $5,000 is seized; ten bits of misinformation costs the account holder $25,000.Since the definition of misinformation is at PayPal’s sole discretion, it wouldn’t be long before PayPal, faced with missing its quarterly expected profits, would jack up its earnings by seizing people’s accounts.

It is unclear how a person spreads “misinformation” on a payments mechanism.Does it mean that “spreading misinformation” means donating to an organization that challenges official narratives?Does it mean that PayPal would have an army of employees watching social media comments of account holders and reading their emails?

The first seizure was in England where the robbed account was that of the Free Speech Union.It caused an uproar and protests from Members of Parliament and PayPal’s former president, and a couple of days later PayPal said that PayPal’s announcement that it was going to seize money from customers’ accounts for spreading misinformation was itself misinformation.

Think about this for a moment.If PayPal can seize $2,500 from your account because some woke freak in PayPal’s Thought Control Police Force finds your opinion “offensive,” so can your bank, your 401k, your IRA, your investment account.Your credit card company can bill you $2,500 for each disapproved statement and turn your account over to bill collectors when you don’t pay.Maybe your car and house will be seized.  Once central banks impose digital money on their insouciant populations, people can be robbed at will by every approved party for every imaginable offense.

A Fish Rots From the Head

Where did PayPal get the idea that it can seize the money of people whose statements it disapproves?Obviously, they got it from the US government.The US government has seized people’s property because the property “facilitated a crime,” which means that a crime took place on the property by someone, not necessarily the owner (The Tyranny of Good Intentions by Paul Craig Roberts).The US government seized Venezuela’s gold because it disapproved of Venezuela’s politics.The US government seized Russia’s central bank reserves when Russia intervened in Ukraine to protect the Russian population of former Russian territory.US lawmakers want to punish Saudi Arabia for tending to its own interest instead of Washington’s.The California government wants to steal the medical licenses of doctors who ignored medical protocols designed to serve Big Pharma’s profits and instead saved their patients’ lives.

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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