Has there been a massive exodus of capital out of the Canadian financial system?
A few obscure but interesting data-points seem to indicate Justin Trudeau’s unprecedented use of the federal government and intelligence apparatus to target the bank accounts of Canadian citizens has just created a serious problem for their financial institutions.
If I was a betting person, I would bet half my stake that something very serious is happening in the background of the Canadian financial system, and it appears the leaders inside government, as well as leaders in the international financial community, are reacting and trying to keep things quiet. Stick with me on this and stay elevated…
BACKGROUND – When Prime Minister Justin Trudeau announced he was invoking the Emergency War Measures Act to seize bank accounts and block access to the financial system for people who were arbitrarily deemed as terrorists to the interest of the Canadian government, i.e. the Freedom Protest group writ large, many people immediately thought about the consequences of a government taking such action.
Indeed, the first response to many who witnessed the gleeful declarations of the Canadian government as they expressed their intent to utilize their emergency power, was that this was seriously going to undermine faith and confidence in the Canadian financial systems. The RCMP is the Canadian equivalent of the FBI.
If the government can work with the RCMP to target people based on an arbitrary political decree, and then control your bank account while simultaneously giving financial institutions liability protection for their participation, the confidence in the banking system is immediately undermined.
What might seem like a great tool for political punishment has long term consequences, especially if people start withdrawing their money and/or shifting the placement of their investments to more secure locations away from the reach of the Canadian government. Considering the rules of fractional banking and deposits, it doesn’t take many withdrawals before the banks have serious issues.
DATA POINTS – In addition to being Justin Trudeau’s deputy prime minister, Chrystia Freeland is also the Finance Minister of Canada. Yesterday, a very twitchy, nervous and gasping for breath Freeland was noted in a very agitated state when she attended the press conference of her boss. Factually you can watch the video and see how stressed she was and incapable of keeping herself stable [SEE HERE].
Watch that video from the perspective that someone in the international financial world, IMF, World Bank or other affiliate in the world of collective finance has just had a very serious talk with Finance Minister Chrystia Freeland.
♦ Shortly after that very awkward performance, Finance Minister Freeland’s assistant deputy, Isabelle Jacques, informed a parliamentary committee that all bank accounts frozen by the federal government’s use of the Emergency Act, were immediately being unfrozen.
( VIA CBC ) – […] More than 200 bank accounts worth nearly $8 million were frozen when the federal government used emergency powers to end a massive protest occupation of downtown Ottawa. Federal officials report most of the accounts are now in the process of being released, a parliamentary committee heard Tuesday.
Isabelle Jacques, assistant deputy minister of finance, told a committee of MPs that up to 210 bank accounts holding about $7.8 million were frozen under the financial measures contained in the Emergencies Act. (read more)
Obviously, many people realized from the outset what the Canadian government had done was tenuously legal at best, provided no legal due process or right of challenge, and likely would not pass any serious legal scrutiny. Unfortunately, in the echo chamber that is far-left liberalism, such matters are not as important as the ideological political motives; but there are people who realize the consequences of power-lust in this application.
Without a doubt, just as you were likely stunned, amazed and then angered by the financial punishment declared by Trudeau, there are people aligned with Trudeau –outside his government– who could see a bigger picture of consequence than those inside the echo chamber.
Central banking finance ministers around the world obviously would pay close attention to what Trudeau just announced, and there are certainly people in the World Economic Forum (WEF) group, International Monetary Fund (IMF) and central bankers who would not be happy about the Canadian government showing just how easy it is to snatch money out of the hands of citizens.
These tools of citizen control are things well known to the central bankers and control agents of finance, but they are never spoken about in polite company – let alone publicized, promoted and openly bragged about.
Justin Trudeau and Chrystia Freeland essentially broke the financial code of Omerta, by highlighting how easy it is for government to seize your bank accounts, credit cards, retirement accounts, insurance, mortgages, loan access and cut you off from money.
Worse yet, the short-sighted Canadian government via Minister Freeland announced their ability to control cryptocurrency exchanges in their country and block access within a financial mechanism that exists almost entirely as an insurance policy and hedge against the exact actions the government was taking.
♦ A very nervous Finance Minister, Chrystia Freeland, appears with Trudeau to talk about Ukraine.
♦ Freeland’s underling, Deputy Minister Jacques, is simultaneously telling parliament the bank accounts are being unfrozen.
♦ The CBC then reports that RCMP officials are taking a 180° reversal in position, about asset seizures.
Then there’s this supportive data-point from Jordan Peterson (Direct Rumble Link):
.
Is the Canadian government now experiencing a serious financial problem as the result of Trudeau and Freeland’s totalitarian lust for power and use of finance to crush their political opposition?
Apply Occam’s Razor here and the result is akin to: ‘How couldn’t they“.
Once that tool is deployed, there’s no putting the toothpaste back into the tube.
And Trudeau is now revoking the Emergency Act (just reported Newsmax). WTH?
Jussie looks shook up
Freeland looks like her soul has been excised.
That would be suggesting she has one.
HonkHonk
Only 100 years ago Canada was a part of this honor and tradition. Today the Canadian Parliament, Canadian Police and RCMP should hang their heads in shame for the disgusting behavior over the past two weeks. How they have dishonored this Commonwealth Unknown Soldier:
THE TRUCKERS WON!! HAHAHA
We can thank Christia Freeland for helping them induce a bank run.
This is amazing and powerful.
We must help those truckers who are under attack.
They are heroes!!!
They have helped to wake enough people up to the dangers of digital currency and ID.
Hell, the way she was squirming around on stage, I thought she was having a massive orgasm. Soyboy and WET PANTIES have ruined the banks in Canada and have made a huge push for Crypto. I can imagine she was DICKED slapped silly yesterday. And don’t forget, more and more people are going to start taking their money out. The Bank run ain’t over by a long shot.
“more and more people are going to start taking their money out.”
It has certainly made us look at our little bit of money.
My HS history teacher taught that money isn’t worth anything. Things are worth things.
Things are worth things
Money in University is defined as:
1) Being fungible (aka divisible). We can divide dollars into quarters, dimes, and cents.
2) It is a unit of account. We count in dollars. The Japanese in yen. The Europeans in Euros.
3) It is a store of value. Not true. A fractional reserve system as mentioned above creates money out of debt, and, has to have built in inflation.
4) Eliminates double coincidence of wants. True. If I have a chicken and you have a pig, and you do not want a chicken, but, rather, want a pair of shoes to wear to the party, I have to find a pair of shoes the right style size and color. Money eliminates that economic waste of time and energy.
But, in reality, I’ve never heard an economist say what money truly is:
1) Money is energy/fuel —- in most of our history true value was food as humanity barely scrapped by.
2) Money is the Golden Rule — everyone has to have the same morals and values for it to have value.
The left is trying to destroy both the Golden Rule and the energy resources that built our society in order to own all the things. “You will own nothing and be happy!”
Yep, heading up to take out today’s maximum at the ATM😂😂
My $$$$$$ is probably going off shore when I get it back from investments.
There is a web site set up to do just that, as there is a law outfit representing them in their fight against tyranny!
If they did that to my money I’d be planning who to take out first.
Digital currency gets the same response. Because by that time the country’s dead and there’s no reason to play by any rules any more.
It just got worse for Natasha & Truck Fudeau!
Trudeau ends use of Emergencies Act, says ‘situation is no longer an emergency’
Prime minister says an inquiry into the deployment of the law will begin in 60 days
By CBC News
23 Feb 2022 3:59 PM E
https://www.cbc.ca/news/politics/trudeau-event-feb23-1.6361847
Wow!!!! is this a case of slapped by reality???!!! Or is this a case of change of tactics???!!!
YES!!!!!!
Bwahahahaha! Now when is the recall election?
The smart move would be for the parties to set up a coalition government for a year or so. All parties should have leadership races. I can’t see Turdeau or Singh leading a party into an election. There needs to be a clean slate.
Set up a housekeeping government with all parties represented. Let it operate for a period of time so all parties can clean house. Then run an election.
Trucker Party.
What?
it was a political arrangement
they vote for him to use it on Sat and he ends it on Wed to save face.
BS all the way around.
It’s hammer time now! Keep piling it on the Communists and they’ll be pretzel-twisted by the end of the month and then the infighting will begin. Never let up.
Doesn’t matter. The local motorcycle enthusiast organization should beat him into a coma, and carve their initials into his forehead so he remembers every time he looks in a mirror.
The Girl Guides is probably all it would take.
Or my mom’s Wednesday Knitting and Wine Club.
Isn’t Aldo Raine available to carve a swastika?
The Senate had one of most raucous sessions I have ever seen. They refused to just pass the act like they were supposed to and decided to continue debate Thursday. They said Turdo was not giving them the information they needed to be able to pass the act. They are our sober second thought upper house type thing that is supposed to prevent a lunatic tyrant from taking power. Maybe, just maybe they finally earned their paycheques. Also the Conservative leader put in a motion right away forcing another debate Feb 28th. The Liberal tried to stop her but they failed. So he would have had to debate the whole thing all over again Monday.
Do you have a video link to this session?
The Senate was against this … Trudeau is just saving is ass. He must preparing something else, we cannot trust him and Freeland they work for WEF
Self edit. Already posted😉
DD
And many people were writing on here that the Trucker movement was dead. Hell, it has just begun. Next ,they rat out every crooked politician and especially the people who align with Claus Schwab.
If I had money in a Canadian bank, I’d withdraw it and put it under my mattress. It’ll be safer there and at my disposal….
But seriously, it doesn’t take much to cause a whole lot of chaos in the banking system. And since banking is global (with very few exceptions here and there…) the problem for the globalists becomes a global problem.
If you have more than a couple of thousands dollars in a Canadian bank you must tell them on legal forms how you plan to spend the money when you with draw it out and they’ll check on you. You can’t just walk into a bank and take out your money, the left have been lusting after our elderly’s funeral funds and they’ll rid them of said money the first chance they get. At best here in Chinada we can take out our daily maximum and hope the feds don’t notice us draining our accounts.
Bullshit! It is your money and there are no legal forms!
No one puts money under the mattress and longer…more creative, like in the Cappuccino containers or in little containers of Crystal light plastics.
Mike Lindell needs to make mattresses with a hidden pocket.
Pint mason jars are the best. Stuff ’em full of 50’s and hide ’em anywhere.
I haven’t used a bank in 15 years! Stop playing along like it’s all ok. There is no money. The last to heed the warning will be stuck holding the empty bag. Get out now!
He’d likely invoke a law against using cash next
Question: Did Trudeau, Carney, Freeland and Bill Blair destroy the trust in the financial system in Canada?
I believe they did.
I don’t see how you could go back and fix it.
Everyone, including institutional investors, understand that Trudeau and those running Canada will happily take your assets and bank accounts and laugh about it.
You know they will do it again if they want and the banks won’t stop them.
If the banks had stopped them, they may have had a chance, but they didn’t.
You cannot trust any of them.
And they did it BEFORE the “Non-emergency Act” had even been voted on! So on a whim, one person can freeze your money??? That sure opened a lot of eyes, and as the saying goes, “you can’t put the toothpaste back in the tube”.
This idea came from Carney-Val.
Imagine someone bringing this up when he is sitting at the table. No one would do that without Carney-Val’s blessing. They do not want to look like the idiots they are.
it’s not like there’s much interest to earn having it in a bank anyway
You are correct. All it needed was for one Canadian bank to come out very strong and public telling the world that their bank will not partake in any of this and the people’s money will continue to be safe in their bank.
Maybe this happened I don’t know I’m not in Canada but I don’t think it happened. Just one Canadian bank assuring safe money probably would have at a minimum smoothed a lot of problems out or maybe even saved the Canadian banking system.
But no it didn’t happen to my knowledge and now Canada has this mess.
Due to the Currency Swap agreement between the central banks (US and Canada) the big banks will always speak with one voice. You will not see one bank separate from the herd. The currency swap is their collateral insurance policy. That is their lifeline. They will always be one group.
So . . . the idea that “your money is safe in the bank” is another fiction, another lie, another slogan we’ve been fed to manufacture our consent.
Define safe? If one goes, odds are they all are teetering.
You are just now discovering this?
In Canada and the world every without a woke brain is getting out away from governmental seizures.
Like I said early
The Bouncing Castles Broke the Big Bad Banks
LOL
Contact MP Marilyn Cladu for possible class action lawsuit against federal government.
https://torontosun.com/news/local-news/mp-says-local-womans-finances-frozen-over-convoy-t-shirt-buy-is-that-true
American Freedom Convoy to DC began today..Let’s continue to keep these people in our prayers for protection!
Yes, but take your money out of the bank while you keep the truckers in your prayers!
Pastor Artur Pawlowski Needs to be Freed.
https://www.christianpost.com/news/pastor-arrested-before-preaching-at-canadian-trucker-convoy.html
This act alone tells us how close to the end times we are. I see so many anti-christian laws and acts in so many countries. I truly started thinking about our country and how fast this happened..one day Congress omits the Lord’s prayer and the next day, churches are closed leaving liquor stores open for business.
God is watching and sending the 3 messages by angels in Revelation 14 I believe.
1) worship the Sabbath, Saturday, truly because the papacy changed it in the Dark Ages
2)stay away from false teaching of fake churches
3)don’t worship the beast and receive the mark, which some interpret as not honoring the Sabbath
As a finance professional in the banking industry, banks typically hold anywhere from 2-5% cash as their assets. It does not take long for a bank to rip those reserves if their is a run on cash. But most people nowadays with a little financial savvy will move money electronically, but it still has an effect on the bank’s balance sheet and reserves.
Let’s take illustrative purpose a $1B bank, small today by relative standard. but the ratios are pretty close. Loans would make up about 70% of assets, securities about 20%, cash 5%, and other assets another 5%. Well those loans for the most part are funded by deposits. Most banks run around 70-80% loans to deposits. So our little model would have about $500-$600 million of deposits (70%0f 80% is $560 million).
But at 5% cash reserves in the bank, that equates to only $50MM and they can run through that pretty fast via cash withdrawal and electronic transfers. Say lets Big Bux Bill want to move his $25MM out of the woke bank, Whamo!, half is gone in one transaction.
So what the solution? Well they can go borrow but that comes at cost and limitations based on the health of your assets (loans) and capital levels. Or you can sell securities, but the market will know and you will be unloading, so yo have to sell at a discount, thus more risk of losses. Selling loans is the last resort, because do you really want to unload your blue chips? Again you will be selling crap and then at a deep discount, and on on it goes to meet funding needs. all the while Big Brother is watching your capital ratios.
I think the big boys with significant assets along with the retail investor have thrown in the towel and are moving money out of Canadians banks as fast as they can.
The silence is deafening, so we know something is afoot.
American banks were permitted to operate with zero fractional reserves at the height of covid. Canada may be doing the same thing.
True, but there is a very real limit on physical cash.
Since late-March of 2020 they’ve been at zero fractional.
The Emperor has no clothes.
I read earlier a good chunk of Hong Kong money was pulled out and the crypto servicing companies won’t operate in Canada anymore because of JT and Twitch Freeland. I’d wager it’s a sizable amount.
Yeehah!!!! and it’s not just Canadian banks. There are freedom lovers everywhere taking money out of the big banks. Yes, Virginia, there are serious consequences to threatening the people in supposedly “free” countries for exercising their civil rights. While it’s been suggested that local Credit Unions are “safer”, where’s the proof?? How do we know their boards have not been infiltrated by the WEF as well? How do we know that this sick group of people who are so enamored with their “climate change” and “net zero” and “transhumanistic” future world vision, aren’t embedded in every financial institution? We don’t. All we have is our experience to go on and it’s not pretty.
NANCY PELOSI – ARE YOU LISTENING!!!
The J6 detainees need to be released, apologized to, and COMPENSATED for government overreach.
I’m hoping for a General Strike of historic proportions, and I hope everyone pulls out as much money as they can stomach.
I hope the big banks who like to charge you for every little thing you do with your own money to think twice.
And to boot, I hope every single “healthcare” conglomerate gets on their knees and apologizes for their damn hubris and denying medical care to people who have been supporting their corrupt practices their entire lives.
Whoboy!
The list of our demands is long, but we can start with these.
To your point on WEF infiltration just explore their website and you’ll find a LOT of names of people and the company they work for. Virtually every big bank and large company.
Great comment!
The owners of the 200+ frozen accounts need to take their money out of the banks and supporters of the truckers need to get their money out of the banks. And all need to stay away for a long time.
Hopefully this will bite the Marxist Bastards in the backside hard…..both government and banks.
This. Is. Rich.
GO Canadians!
I’m seeing on twatter that FJT is reversing the Emergencies Act, ‘now that Ottawa is all clear.’
My greatest dream is for all those truckers and Canadians to return to Ottawa…hey, I can dream!!!!
Trudope canceling the idiocy he created…
Should have pointed out that this is a live feed. Sorry
The dust has not settled on this action as of yet. If the Canadian government stabilizes the banking sector in short order, than they will use this tactic again. The next time it won’t be so clumsy. The only way they learn their lesson is if they experience severe consequences.
They won’t try this tactic again. You play with the bull, be prepared to get the horns…
Yeah they will. Only it will be targeted and quiet. No announcement – poof, your bank account is frozen.
If they can do it in Canada they can do it elsewhere.
I wonder if there will be a run on the banks requiring a bank holiday, and then when the banks reopen we will see a drastic reduction in the value of our money, and a switch to a digital currency. Sort of like when FDR required people to turn in their gold.
Is the nightmare over?
Just read the same
Nope. Communists never give up, they only change tactics.
No. We’ve got to get people out of jail.
Prime Minister Justin Trudeau is set to revoke use of the Emergencies Act, according to two senior government sources, now that he has ruined the banking businesses for decades.
Are they returning canceled insurance and credit cards? Returning trucks and seized equipment? Allowing business owners intimidated by the cops to sue? Can the cops be sued for damages like beatings, broken windows, trampling? Are truckers pets going to be returned or euthanized? Are the FINTRAC changes permanent?
JT crossed the rubicon and you don’t just ignore that. I don’t think this is anywhere near over.
Since I called the QE II aid to Trump hinging on Andrew (and we know how 45 lost that one), I’ll toe in five years later and call this one like no one has yet. SD spot on about the bank pressures but there’s an addendum:
Members of Parliament (Canada’s) have downstream peeps who were/would be affected by the freeze. Mayhap one or two are in ‘compromising’ relationships with said members etc etc. The House vote was to avoid a non-confidence election trigger. But quietly the freezing of assets is scary for more than a few of the yea votes the otherday.
No bueno. Full stop. Or rather Sacre bleu!!! Arret complet!!!
Still wondering how a fascist thugette ends up named “Freeland”.
The same way beech forest ends up as Buchenwald.
Projection, the left is all about projection.
I have but one name, Mike Lindell.
What banks did Mike Lindell do business with and froze his accounts?
Think we should start withdrawing $$$ from his banks and transfer credit cards to another.
When the banks get more than a slap on the hand, and have to answer to the globalist with hat in hand….
Biggest gift we can give Mike Lindell is to DOX the companies and owners who refused his business, and Bankers who froze his accounts.
And let’s support our own convoys here. You know President Poopy Pants will call up the military.
he Minnesota Bank & Trust is terminating its business relationship with MyPillow CEO Mike Lindell.
The pillow maven played a recorded call he said came from the bank, Heartland Financial, giving him 30 days to take his business elsewhere.
Yes, your local “dollar stores” are typically globalist-owned, which surprised me.
I don’t shop at any of them. Used to sometimes go to a Kroger subsidiary, but that ship sailed awhile back when Kroger raised the woke flag.
“Once that tool is deployed, there’s no putting the toothpaste back into the tube.”
Is that a direct quote from Yogi Berra ?
Brilliant!
This serious financial problem was an obvious outcome and a known/known by anyone involved in instituting the decree, and thus begs the question of whether it was the desired outcome. And if so, why?
Known to anyone with a modicum of brains, for which this dynamic duo is known not to qualify..
This is the first time that I can recall that a link in the post of one of Sundance’s previous stories was not already included in my RSS feed. I hope this is just a one time delay, but with all the shenanigans towards conservatives these days, who knows? I use Feedly, which started up when Google discontinued, and I apologize if this is a false alarm. I’m referring to this link as missing from my feed.
https://theconservativetreehouse.com/blog/2022/02/23/odd-little-note-on-the-puppet-handler-of-trudeau/
An analogy pharma liability protection from vax injuries is to the bank liability protection. In the former, the public has no recourse. In the later, the public has proactive recourse. Big difference.
Freeland was quoted as saying “we, ah, um, we did not anticipate this um happening”.
she openly admits her incompetence! she needs to learn to do the Biden back turn
Guess I could take the wife to Cartier’s & Tiffany’s 🙂 Kill 2 birds with one stone. Are Swiss banks a good alternative now? Peer to peer Bitcoin…
The Marxist/National Socialist/Fascist ruling elite are destroying the banking system in Canada. Old Joe/Mr. Bungles and his gang of maniacal tyrannical misfits have not even went that far yet in the USA.
Canada is way ahead on liberalism than USA.
Not that far ahead.
Honk honk!!!
Anyone here ever live close to the Canadian Border?
I did. About 30 miles south of it. The stores were always PACKED w/ Canadians shopping for stuff they could get cheaper in the States.
I swear, in the town of Bellingham half the stores we had were *because* of Canadian shoppers. IOW, w/o Canadian shoppers, those stores wouldn’t have existed.
Whatcom County Banks will see a windfall from this.
Yep, this Canadian did almost all her shopping across the border when I lived in Manitoba. Prices is this country are twice as much as the US pays for the same product.
Hmmm. My parents farm is roughly 6 miles from the Manitoba border.
Edited to add: Almost 40 years ago when I was younger and dumber, I rode bulls and broncs at rodeos. I will never forget a Canadian cowboy who just bought a new $1200.00 saddle. After a rodeo, he came out and threw the new saddle in the dirt and scruffed it up with a spur.
He wanted to avoid paying the duty when he crossed the border later that night.
I live on the Mexican border, and they shop in America too. In fact, each store sells luggage because you can wheel one suitcase back across the border stuffed with Levi jeans for example. This is an extremely high end outlet mall on the Tijuana border. The Mexicans are wealthy.
https://www.premiumoutlets.com/outlet/las-americas
As I type this Blaine harbour looks quite beautiful.
At a low tide way walk out to the Can/U.S. Border marker in the bay.
We went down every week, we bought gas, ice cream at the local dairy store, and used our U.S. mailbox.
Twice a year or so we flew out of Bellingham.
Haven’t been in two years. Covid rules ( we will remain un vaxxed)
Our Western governments are truly a mess..
God has this though!
No doubt!
Cheers!
Which is really big news since Vancouver has become a liberal playground. Back in the 60s, when DeGaulle was stoking the Free Quebec Movement, I remember watching a CBUT broadcast (Channel 2 Vancouver…we could get it in Tacoma with our rabbit-ears antenna) in which many of the analysts believed that should Canada dissolve the Prairie provinces (Manitoba, Saskatchewan, Alberta) would apply for statehood and BC would likely go as its own independent country. That was 60 years ago, but some ideas may be dusted off. Have you seen/heard any “independence” chatter among BC folk?
i.e. frozen poutine etc.?
Weren’t they taxed when they crossed back into Canada?
A friend visited years ago and when our gas was around a dollar, their gas is by the liter?? It was equal to $5 a gallon.
Yep, same here. Lots of Canadians also have second homes here.
Liberal stupidity knows no bounds. Ignorance can be educated, insanity can be medicated, but there is no cure for stupid.
Trudeau revokes Emergencies Act
Agree. This is very bad not only for Canada but the US, and all western economies.
In the US the banks are controlled by the Federal Regulators while the Congress is controlled by the largest banks through the Federal Reserve facilitation of deficit spending. The Federal Government though is controlled by the “deep state” which also controls the Congress. It is very circular with few actual “checks and balances”, only unhealthy competition.
More to Sundance’s thesis about the two adult children who are ostensibly, obstinately the “head” of Canada’s government breaking the “Code of Omerta”: their actions follow India and other countries moves to eliminate “cash money”.
Even in the US this has had a slow progression under the guise of ensuring all pay their “voluntary” income taxes and the “war on drugs”, i.e., via elimination of $10,000, $5,000, $1,000 and $500 denominations. The push preferring debit cards over cash, also demonstrates the herding of all subjects to become comfortable with a “cashless society”. Yet, the “mistake” more recently to withdraw bank services from select industries, e.g., firearms manufacturers, distributors and retailers, should vividly demonstrate the future.
Then today there was circulated the following article suggesting the Federal Reserve should add “crypto currencies” to its balance sheet. https://www.zerohedge.com/crypto/should-fed-add-bitcoin-its-balance-sheet
The point is well emphasized that all western governments including (perhaps most notably) the US and Canada want to make believe that the populace can continue the “trust” the integrity of the financial systems (Lord knows we have enough regulators and recall Fauxcahontas established a “government agency” entirely independent of oversight all for the benefit of consumers). …
Truth is we cannot trust the government nor those in control of the banking system; but, we currently have no alternatives. … No, neither precious metals nor crypto will be of practical value if the system collapses. FDR showed that with “pen” the possession of precious metals can be made unlawful, and as noted by Canada’s actions and the above referenced article crypto is dependent on who has control over the data centers (remember the “cloud” is just someone else’s computers). … And, India demonstrated that hording cash can simply be thwarted by eliminating large denominations, and requiring all exchanges of eliminated denominations occur within a narrow time window and be limited in total amount.
We all need to have faith in our ability to get involved in local politics and destroy the self serving party machines operating in our communities, counties and states. … It would be fantastic if one individual or a focused team could fix the federal government top-down and fair elections could replace the majority in Congress, but that is not going to happen.
If the US and other western countries are going to be reestablished as “societies” wherein the population enjoys their G-d given rights of Life and Liberty the effort need first be successful locally. And, it will be a brutal endurance contest.
Maybe Trump should start a private bank………..
Call it MAGA Bank.
My bet is assets would flow in by the billions.
Why?
Because people know PT is honest and cares about people first and foremost.
A total parallel economy would most necessarily include banking.
Three new small, local banks sprang up in my area during the Trump administration. I reached their financials, then deposited in all of them.
Junk silver. Still legal tender and in times like these a good store of value. It’s value is easy to ascertain and standardized. Silver was not confiscated by the govt. back when gold was.
Functional illiterates, they only know what they’ve read in a book and can follow basic orders.
You can just imagine the glee these two globalist stooges rubbing their little rat paws together and Freeland says; “Oh goody just like your daddy did Justin” Justin looking at himself in the mirror responds; “Yeah, Fidel would be so proud”.
Now it’s coming around and biting them in the ass as it should.
“You play stupid games you win stupid prizes”
key memory point in article
PS: In re: Trudeau revocation…
Banks: “So do you want us to freeze Russia assets or Canadian trucker assets first?”
I wonder if they tried to take Elon Musk’s bank account? Asking for a friend.
Hi asked myself the same thing .. I am sure they didn’t
The Central Bankers could never keep up the ruse if they had to operate in the sunlight. People starting to ask questions begins the process of unveiling them from behind their curtain. Can’t have that.
.
There is no way that I ever will place any funds in any financial institution in Canada or doing significant business in Canada. Ever again. These include:
— BMO Harris
— CIBC
— RBC Georgia
— Desjardins Florida
— NatBank by National Bank
— Chase
— TD Bank (Toronto Dominion Bank)
— Citibank
— Chase
— PNC Bank (PNC Canada)
— Bank of Montreal
IMO they have hurt seriously hurt themselves as a country.
How many international entities will now be very dubious about putting funds into their system?
I did a podcast on this very issue on the 17th. It seemed obvious to me Blackface Hitler was going to ignite a Canadian Bank Run. But thanks for highlighting Freeland clear anxiety up there! https://dailyinsurrection.com/canadian-bank-runs-will-begin-dictatorship-requires-absolute-power/
Freeland got all excited and fascisty at the opportunity to destroy her political opponents and ended up rolling out the tools/weapons of the “vaccine passport/social credit score” before they were announced and tipped their hand to the public.
It showed that the infrastructure of the vaccine passport/social credit score is already in place and deployed in Canada, and what it’s true purpose is before they were ready.
That means the banks, iunsurance companies have already agreed to it and now the people know.
Both can be very dangerous.
As I sit at my desk, the more I think about this the more awesomer it gets!!!
What a huge unforced error. Frick and Frack are soooo dumb.
THE LAW OF UNINTENDED CONSEQUENCES BITES ‘EM IN THE ASS.
Banker may be so unpleased, that they get tossed out of office.
All the truckers had to do was just try. Not get everything planned out or perfect, but just try.
It only took 3 weeks of sand in the dead of winter.
He still hasn’t lifted the vaccine mandate passport.
PPS: CA Parliament “Yeas” were to stop the no-confidence vote trigger in light of leaders being needed during crisis in Eastern EU.
God please be sure SOMEONE in our woke military leadership is minding the places we keep our _____________. [two words, first word 8 lettes]
Trudeau ends the ER Act. Well, on paper. But no reason to think the fascist machine won’t continue to run 24/7 hunting people down and inflicting grave harm.
https://www.cbc.ca/news/politics/trudeau-event-feb23-1.6361847
Look for statements from American banks expressing confidence in Canada’s financial systems…it will be the tell.
She’s on methamphetamine.