A wide-sweeping initiative from the United States Department of Justice back in 2013 called Operation Choke Point was initially designed to curb payment processing for “terrorist”
https://www.rooshvforum.com/editpost.php?pid=1914589activities, “fraudulent” purchases, and money laundering. However, according to one record label owner, the banks who have been in the news for demonetizing and deplatforming legitimate businesses over the last few months are doing so at the behest of those overseeing Operation Choke Point.
It started with a Kotaku in Action thread, which notes that a death metal/black metal record label has shut down in the wake of PayPal pulling out support for processing purchases, along with the creditors at Visa and MasterCard because the company was labeled as “high risk”, “promoting hatred”, “promoting violence”, and “promoting hate speech”. In the case of Elegy Records, a label that hosted all sorts of death metal music since 1996, their closure comes from the inability to sign with a normal credit processor due to being “high-risk”. There are also high-risk credit processors, but it’s expensive, unreliable, and comes with no guarantees, which makes it untenable for most normal businesses.
Elegy Records’ owner, Rob, told the outlet DeathMetal.org, in a piece published on December 17th, 2018, that PayPal simply said he could no longer use their services, following instigation from a website called MetalSucks, which is headed up by Matt Goldberg and Ben Umanov. The banks also abruptly cut ties with Rob as well...
