Recent headlines have raised concerns over financial autonomy and freedom, and are waking up many to the de-banking of religious organizations, particularly Catholics. The ongoing incidents of de-banking religious institutions and the looming threat of Central Bank Digital Currencies (CBDCs) sound a warning bell for anyone concerned about individual, organizational, and religious freedom.
JP Morgan Chase, among other major banks, has shown an unsettling trend toward de-banking religious groups. Recent allegations from several state officials accuse JPMorgan of systematically discriminating against religious and conservative groups. The de-banking of the National Committee for Religious Freedom (NCRF) and the Family Council, two organizations with modest views, not extreme views, is potentially just the tip of the iceberg. Such actions indicate a clear bias against faith-based entities.
While CBDCs are marketed as a net good, the reality could be far more dystopian. CBDCs accelerate the centralization of financial control into the hands of the unelected. Digital currency is a threat to the very notion of a free market. Scholars and commentators alike warn that these currencies can be used to dictate personal financial behaviors. The danger is palpable – with centralized control, religious organizations might find their transactions scrutinized, restricted, or even halted based on ideological disagreements, and doing so will be the easiest it’s ever been.
In the face of these challenges, religious organizations, and Catholics in particular, need not feel cornered. There is an alternative. New financial institutions like Monument Ventures that prioritize trust, accountability, and autonomy are worth looking into. While big banks play by their own rules, anti-religious sentiment spreads through the media, and the financial system seeks to restrict commerce through CBDCs. It’s long past time for us to rally together.
By working with Monument Ventures, Catholic and other religious organizations alike who face the threat of de-banking can safeguard their financial resources, ensure their values are upheld, and contribute to building a more free and courageous economy and culture.
Learn more about how your money can work for your values while staying out of the grip of Big Bank oppression by contacting us at monument.ventures/contact.