PayPal gave us a glimpse of what’s coming
If you’ve been paying attention to what happened a few weeks ago with PayPal, you’ve seen a glimpse of the dystopian future that awaits us. A new terms of service document from PayPal leaked a few weeks in advance, detailing how PayPal would start fining users as much as US$ 2500 whenever they are caught “providing false, inaccurate or misleading information.” And of course, PayPal gets to decide what is ‘misinformation’ like all the social media companies that use the term to justify censorship and suppression of information that goes against the global agenda of slavery.
Big brother PayPal
Here’s from Yahoo! Finance, “PayPal tells users it will fine them $2,500 for misinformation, then backtracks immediately” (October 10th 2022):
A new policy in PayPal’s fine print triggered a storm of outrage over apparent plans to impose, starting on Nov. 3, a hefty fine of $2,500 any time one of its 429 million consumers and merchants expressed what the corporate brass deems to be misinformation.
PayPal quickly apologized over the weekend for what it called “confusion,” claiming it was all just an error, but not before a a deluge of criticism from a number of high-profile individuals—including its own former president, David Marcus.
Marcus took to Twitter to say the new Acceptable Use Policy (AUP) was an “insanity” that forced him to come forward and criticize his previous employer, where he worked for three years from 2011 after former PayPal owner eBay acquired a company he founded and joined it with the payments service.
“PayPal’s new AUP goes against everything I believe in,” he posted on Saturday. “A private company now gets to decide to take your money if you say something they disagree with.”
Free-speech advocates like Elon Musk, one of the entrepreneurs behind the founding of PayPal, as well as prominent conservative voices such as actor Kevin Sorbo, likewise blasted the plans.
…
Marcus, the former PayPal president, is himself a fan of Bitcoin and later ran Meta’s project to develop a crypto wallet. PayPal’s supposed new policy only exacerbated a common fear in the crypto community that the state will eventually seek to sideline virtual assets through the introduction of central bank digital currencies.
And here’s what was written in their terms of service document before they took it down (but the full document can still be found on Archive.org here):
If you violate the Acceptable Use Policy, then in addition to being subject to the above actions you will be liable to PayPal for the amount of PayPal’s damages caused by your violation of the Acceptable Use Policy. You acknowledge and agree that $2,500 USD (or equivalent) per violation of the Acceptable Use Policy is presently a reasonable minimum estimate of PayPal’s actual damages – including, but not limited to internal administrative costs incurred by PayPal to monitor and track violations, damage to PayPal’s brand and reputation, and penalties imposed upon PayPal by its business partners resulting from a user’s violation – considering all currently existing circumstances, including the relationship of the sum to the range of harm to PayPal that reasonably could be anticipated because, due to the nature of the violations of the Acceptable Use Policy, actual damages would be impractical or extremely difficult to calculate. PayPal may deduct such damages directly from any existing balance in any PayPal account you control.
So if you have any money in your account at PayPal, they can deduct that money immediately without your consent. Considering that they have been freezing people’s accounts many times already in the past, often without any cause, in essence simply stealing people’s funds, it’s not difficult to realize that they actually mean what they say.
After all the backlash PayPal backtracked and ‘apologized’ for the so called ‘confusion’. The new terms of service have so far not yet been implemented, but if past experience is any indication, it will just be delayed until the next opportune moment when they will try to implement it again, possibly in some other form. It seems to me that they were a little too overconfident and ahead of the times, thinking the slaves of the world were now dumbed down and powerless enough for them to get away with the new terms of service.
I’ve warned on multiple occasions in the past that you should stop using online services such as PayPal and Stripe. I’ve also warned of the global agenda by the financial elite to try to control and enslave the world via social engineering. I highly recommend following the 4 links in the previous sentence for more examples and background information. It’s important to realize where this is all leading to. And start looking into peer-to-peer (P2P) payment solutions such as Monero that are decentralized, fully private and cannot be tracked.
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