Financial institutions wage asymmetrical economic warfare against independent free-speech video platforms.
Posted BY: Press for Truth | Banned.Video
Bitchute was created out of a need for free speech absolutism during a time when YouTube was busy working on tweaking its algorithms to shadow-ban voices who they disagree with.
Big tech has now taken this battle to another level by freezing the funds of the Bitchute bank account in yet another attempt to silence voices they don’t like!
In this video, Dan Dicks of Press For Truth interviews Ray Vahey, the founder and chief executive of Bitchute about his bank account being frozen, why free speech absolutism is important, and most importantly where he sees things going for Bitchute into 2023.
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More info on Bitchute’s economic censorship via GiveSendGo:
Two years ago, BitChute became the target of an activist group that attempted to shut us down by pressuring our suppliers. As a result, we lost some server hosting, our office space, and other suppliers. We also lost our bank account with HSBC. A bank account we had held in good standing and without any issues since we launched in 2017.
We initially tried to open a new account with a different bank and transfer our money. However, the new bank rejected us just as the funds had reached them. Our money was returned to HSBC, but we could no longer access it, and even today, we still have not retrieved our money from HSBC.
In August 2021, after failing to get a resolution through the HSBC complaints process, we requested arbitration through the UK’s banking Ombudsman. We were informed of a long wait due to Covid, which had resulted in many bank-related problems for businesses. It wouldn’t be until November 2022 that our case would be assigned.
Since arbitration started we have provided many details including the bank account where HSBC could send our money. Within a week of handing over that information, that new bank account was suspended without notice. We informed the Ombudsman that we do not want to give HSBC additional bank accounts and prefer any transfer from HSBC use a third party such as escrow, even a bag of cash would do. A necessary action that will likely lengthen the process.
It’s happening again…
That happened 19 days ago, and we still have not been able to get our money from that bank even though we have informed them that we need it urgently to pay bills. It’s not clear for what reason they are keeping it.
Now, nearly at the end of 2022, two different banks have our money, HSBC has held it for almost two years.