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.
The Karma schadenfreude is killing me! Hard to stop laughing. Now that I have, it’s time to take my money out of my US banks in keep a lot of cash on hand, as well as some gold and silver. Ammo is good for bartering, as well.
More physical gold and silver than “cash;” it’s all fiat, meaning it’s all rags and ones and zeroes in the ether of cyberspace. Meaning it doesn’t really exist, and when TPTB want the whole thing to come crashing down around the unprepared, the rags will be good for nothing but papering your walls . . . We’ve seen this play before, but it just doesn’t seem to be taken seriously. It’s what the central banks are really all about. It’s all a magician’s trick, an illusion.
Hard trade-able, barter-able assets, highest on the list physical gold and silver in various weights and amounts. Only enough paper money for a short term of weeks or months. And remember: it gets less and less valuable every day.
Physical gold and silver will carry their own value regardless.
We had a retirement bank account that we left open when we left canada over 12 years ago. We closed that account Monday, and are in the process of having the funds wired to us in the US. I’m sure there are many others like us.
I withdrew as much as I could from my account last Friday and am waiting to withdraw more as larger amounts have to be requested ahead of time. Should have it by tomorrow.
You raise an important point here. At a minimum, it is courteous to telephone your bank and give them a 24-48 hour advance notice that you are going to be making a large cash withdrawal. At $3,000, one of my banks requires an assistant manager to accompany a teller into the vault to collect the money.
Try and speak with the head teller, and be sure and specify the denominations that you want, and in what amount. Here in the US, $50 bills are the largest that you want to take, but be sure and take some of your withdrawal in $20 bills as well. If you are going overseas, you will typically get a 2% better exchange rate for $100 bills.
Frankly, it is impossible to believe that the bank would anything remotely like “courteous” when given orders by their Overlords to freeze our accounts. I think being as self-preserving as possible is the position these evil, conniving, selfish monsters have PUT US IN themselves. We owe them nothing. They broke their social contract with us. I am done with 1) media, 2) politicians, 3) medical establishment, 4) “experts”,
5) corporates, 6) law enforcement. They have rubbed our faces in their contempt for us for YEARS now. They have knowingly destroyed the bonds between family members and friends. I truly deeply hate them all.
Please be aware that the tills in your bank do not have large sums of money in them. Large withdrawals come from the vault, and it is typical for two officers to be required for this. Courtesy, apart from being cost free, simply makes the transaction take place smoothly.
An alternative for you would be to make ATM withdrawals. Before doing so, however, you should talk with a customer service rep about fees. Many banks will only allow account holders to make X number of withdrawals in a given 30 day period without charging a fee.
Agreed…disgusting unethical behaviour to say the least….trust has been lost…
7) central bankers
What you may not be aware of is that banks can receive a $1000 deposit, and then loan out $900. Then, it can use the remaining $100 as a basis to lend $90, and the remaining $10 to loan $9.
So you can see that $999 of that $1000 can be loaned out. Essentially, the bank is legally printing (leveraging) money.
Scale that up, and then have a run on deposits in banks, and you have a financial crisis in no time flat. Banks might have to liquidate positions in stocks or other financial instruments in order to cover the withdrawals. Or they might be forced to borrow from other (non-Canadian) banks (they’re in the same boat), and turn to overnight lending rates in institutions outside their country.
Imagine an aggressive lender (China, for instance) who is willing to lend them the money as usurious rates, knowing that politically, the leaders and banks are vulnerable. China has a nasty habit of seizing assets when repayment terms are not met.
(look at the Belt and Road Initiative, where they have been lending money to countries for development projects, and when not repaid, are stealing their natural resources, or getting land for building shipping ports around the world.)
Their ploy is for the economy to crash via bank closures; however, if you take a look at who is involved in WEF you will notice there are the top banks, including the bank of Canada is part of NWO.
It is now known that JT’s chihuahua is in need of $170 billion to “help” with Canada’s debt, it is also now know, she miraculously “found it” it’s in everyone’s bank accounts.
So, with this new digital ID that is rolling out, they will have access to EVERYONE’S bank accounts and they can seize your money without your consent, “you will own nothing, and be happy”
I implore you ALL to go to thepowershift.ca and sign to document provided to keep what little we have left of our rights
We need to stop this coup D’état
You have a bank that answers their phone ?
US account here – I’m trying to figure out ‘how i may be vulnerable’ to the key point of this article.
Once the funds get to the states, it is not staying in the banking system. It is pointless at current interest rates and government craziness.
most people use it for card payments. debit credit.
if only there was another provider – instead of prepaid cards you purchase with cash/debit – like a PEER to PEER system where i hand Louie from Kansas $100 and he enters it into his CARD service – and i pay with that CARD thanks to his service.
(and different franchises of Louie are in every house, if they choose)
thats a way to look at crypto via SOUND MONEY held in their locations. a TRUE bank based of of value.
The question is, what is Louie charging for that service?
I had already started moving from banks to credit unions a year ago. I will open two more credit union accts and siphon out everything. Then I will be able to withdraw 4x more at my convenience. I have also been buying precious metals for the last two years targeting 10%, I am upping this to 20%. Have a TX ameritrade acct, it will be transferred out of there next week. Expect terrible times ahead.
We moved the bulk of our savings in to a Credit Union, about a year ago. Hopefully it is safer than a bank… I agree about precious metals and have done the same.
There is definitely a bank run in Canada. Was just told form Ingdirect that we could not wire funds from our us dollar account in Canada (funds held in us Dollars) to a bank account in the US. Also was told that it would take INGDirect TWO WEEKS for INGDirect to issue a draft to us to close the account.
“When that people that have nothing left to lose, lose it . . . THEY LOSE IT.”
— Gerald Celeste
Gerald Celente
The Governor General should call for a Non-Confidence vote. Mind you, as long as the NDP carries the balance of power it wouldn’t go anywhere, but it would be symbolic as hell.
was the governor general recruited by the same puppet handlers as Trudeas?
kinda is why i dont see anything being done but local free men and women
The Queen (GG) can progue the government anytime
Funny how stupid ideas always have consequences. I believe they call it cause and effect. 😎
Also known as the law of unintended consequences.
They’re going to have to go to Trump-like economic policies just to stabilize the economy and citizens enough to lull them back into the banking system. Watch and see.
Hmmmmm. if they were that smart Justin would have been former PM, yesterday.
There are many ways that people can take their money out of the bank without actually doing so. One that I have been using for decades is to prepay recurrent bills.
1) Do you own your own home? Pay the property tax for the year in a lump sum.
2) Do you have to pay for health and dental insurance? Pay both for the entire year in a lump sum.
3) Ask your utility providers if you can overpay your current bill and take the overage as a credit rather than having it refunded to you. I have been doing this routinely since 1979.
if it was possible. would you prefer a bank that had cash and a Government had ZERO access to it or authority over?
The only entity that I can think of fitting this description is a casino.
Deep thought
Maybe the indians could open an independent bank /credit union ?
I like your style
Is this just like giving them a loan without the benefit of interest being paid to you? I’m not sure I understand how this helps🤷♀️
How much interest do you earn now?
By prepaying, you can ensure that you will not lose your home immediately, if they freeze your account.
Imagine you can not pay your utilities? No power? No vehicle tax or insurance.
Better even load up a prepaid gift card to a big store, too.
This warms my heart.
Trudeau behaves like a tin-pot dictator and Canada like a banana republic.
Oh, and thanks for the Bob Haldeman quote: “there’s no putting the toothpaste back into the tube.”
Get ahead of our own Fascist system and start letting your banks know right now that the first time someone’s account is frozen, or the first time someone is debanked for our own upcoming trucker protest, that they better have a lot of cash on hand because I for one will be emptying out my account.
Since we live in a different city than our bank, I’m thinking about using the debit machines to take out the daily limit amount ( supposedly slows 600.00 per day withdrawal without the Feds getting in your business).
This needs to be done, daily( a PIA, but a way to put it somewhere else( mattress, joking) as a way to keep your main bank to cover things like house, car, etc. payments, but leave no savings for them to grab and steal.
I fear we have been so well integrated into the digital banking system it will be very hard to extract ourselves from the banks and those who control them.
This one world control of banking was a terrible idea.
I haven’t used a bank in 15 years, you only believe you are stuck. Lift the veil
How did you do that?
Yes, I echo Paul, how did you do that?
We should run on the banks now to stay ahead of the game. Fug the guberment.
I just wish I had enough in my account to empty it out 😞
Money talks, bullshit walks.
The problem in Canada is that the money is walking.
Bye bye. You are now banned.
Yes after seeing how easily the govt can just take away my ability to get food, shelter and pay my bills, it is time to get a spread of cash and crypto, everybody needs to protect themselves against tyranny. Get a small fireproof safe or lock box 🙂
You can store it in a safe deposit box without reporting or risk.
No, NO and emphatically NO!
Do not do this.
Feds seized all the safe deposit boxes in a place in CA because a criminal used one of them.
The safe’s I’ve looked into usually say fire resistant – not fire proof – so in a huge bad fire one could loose it also.
Where is a ‘safe’ place?
The US feds shut access and opened safety deposit boxes looking for money laundering about 10 years back.
Do not put anything in a bank safe deposit box. If they close their doors because of a run or other reason, you won’t be able to access it. All the money in the world without access is useless.
Access to SD boxes can be frozen also.
My TD Bank’s evening-shift low-level manager or senior teller told me when I asked about SDBs being seized or frozen that he didn’t know and “That’s a good question” so he didn’t really know but he then said SDBs are treated as accounts by the bank so they’re undoubtedly screwed too.
What if the bank locks their door where you have a safety deposit box? I have a box I’ve rented for 5 years and I have nothing it. Kind of a waste of money but having said that… If there was anything in there, I would take it out. I’ll be going to the bank soon to close that box. I’ve got to find the keys!
The Left always co-opts the language and culture for its own nefarious purposes.
Gay, Rainbow, Latin, Liberal….
They are unhappy totalitarians living in a grey world that have no understanding of the rich culture of Western World.
Of course, then we have the American Libertarian Party… which is, IMHO, the controlled opposition.
Classical American Liberalism ( I’m one ) is all about laisez faire. It is really the most conservative program around, because unlike most American Conservatives, we don’t care what Church you go to, what you do in the privacy of your own home, how you view the poop chute, how fast you drive, how many guns you got… just keep it quiet after hours, keep your property clean and don’t touch my wife/kids/stuff… and we’ll get along just fine.
The “best” government is the “least” government.
Cheers.
Don’t stop.. pull your money out and bury it in a jar in the back yard.. this “withdrawal”is temporary.. Once the get their rug back they will do it again..
The Bouncing Castles Broke the Bad Banking System
Pull your savings/investments and buy physical precious metals.
Store it in a safe you own.
Use western union (or equivalent) or pay bills with bare minimums in the account.
Cut the bastards off at the knees.
Oh, and park the truck in your driveway. Take a month long vacation in a warm place.
Did you know that, inter alia, American Express travelers checks are still readily available? Members of AAA can purchase them without paying a fee. Bank of America sells them (not sure if account holders pay a fee or not) as well. They never expire, and you can pay for them directly from your checking or savings account. You can keep them in a safe at home, and the paperwork that allows you to replace them in the event of fire should be in a separate location. A thief skilled enough to enter your safe will know that it is pointless to steal them.
American Express® Travelers Cheques
American Express Travelers Cheques are no longer sold in Canada.
If you have any outstanding Travelers Cheques, please visit our Travelers Cheque Website or contact +1-800-221-7282.
The next time the truckers show up they may be carrying……….
Here is another facet of evil, creeping WEF-Canada dystopia that deserves as much publicity as it can get:
https://www.cbc.ca/news/politics/psychological-warfare-influence-campaign-canadian-armed-forces-1.6079084
Remain level headed. Do not fall for any investments you don’t understand or seem to good to be true. Times like this are when con artist use fear and uncertainty to their advantage. Diversify. Gold and silver , crypto , cash , doesn’t matter which, just keep certain % in different baskets. Real estate. You can’t live in more than 1 house at a time. Could go on and on but $ can bring out the worst in even the closest of friends. Pray and pray more.
We have opened an account with First International Bank which is not under the control of any one country.
Hello from Canada!
I’m intrigued by your decision to open an account with First International Bank. May I ask is this now your primary banking portal?
Thank-you for your attention to my query.
Gloria
Is the Chinadian banking system under fire? Yes, next question… They have been offline since last Thursday and it wasn’t because of the Truckers.
How cute the government told it’s citizens = “we own what you think you own” and tipped their hand.
The Bankster’s code of Omerta. I’m going to steal this.
Let’s not forget: on the night the emergency powers were announced, all of the Big Five Canadian banks went off the air completely, at the same time.
Reality finds seeps in, with a bore tide.
Klaus called his boy and told him to back off the banking system for now but keep in mind the power of government using it to control the people. May need that later but chill for now.
I withdrew all my funds both personally and business….if you can’t trust the govt snd banks there’s other options…
This begs a larger question:
If this leader and his principal advisor could not foresee the obvious consequences this edict would have on their nation’s banking system..
Ask yourself about the competence of the senior officials they’ve appointed to administer other important Govt functions..?
Robert Malone remarked in an interview how obvious it was that these WEF plants were not very smart, from Gavin Newsome to Trudeau. They look more like yes men who take orders from above as they slavishly follow the WEF’s agenda without any consideration for how it effects their local jurisdiction.
People have been remarking on here since Trudeau first made the threat that this was going to backfire on Canadian banks.
They went for the jugular of their political opponents and found out they used a BOOMERANG instead of a sword.
Gold, silver, platinum, palladium are all readily available in various forms ranging from coins in several denominations to medallions to bars and ingots. A $5 silver 1 Oz coin, for example, might cost $25 but you have a physical asset and exchange medium.
Trudeau and Freeland did not just shatter confidence in the Canadian Banks. They undermined the credibility of contemporary banking, period. They changed the nature of money into a privilege granted by government.
Something just dawned on me , and that is }what if that was the plan,? They definately want to bring in a global digital banking and ID system, so what better way than to undermine the financial system on purpose , and then spin the story that the system is vulnerable to the economy etc. Then they can fix the problem they created like they always do , with their new , innovative , secure digital banking system. I watch a 2 minute ad type video today somewhere online ., where the guy was and pushing hard about how great the digital banking will be, He was some type of spokesperson for the banking associations.
I just made a comment to this effect on a more recent post. We withdrew a hefty sum from our TD Bank business account this week and moved it to a new bank. We will have the remainder of our funds moved to new bank accounts within a couple of weeks. Canadian banks must be easily losing 10s of billions of deposits in the US alone.
Time to end central banks all around the world and the “socialism” that they promote. It is they who have no need for national borders, as they view national governments obstacles. It is they who rule the planet, governments are the competition.
I took out as much as possible today. The teller told me that not much money was left at my branch due too people coming and withdrawing their money. Definitely will look for a more secure way to invest my hard earned money.
Use your debit card and purchase durable goods from your local coin shop.
I had to purchase, through my bank, some bullion to “accelerate” my withdrawals.
There’s a few ways to skin a cat….unfortunately, those two above thoughts aren’t without traceability though 🙁 .
freeland’s gyrations put me in mind of how that alien character played by Denofrio in Men in Black reacted when the store proprietor squashed one of his cockroach relatives.
😂😂😂😂
Great example!! Hit the nail on the head!!
I knew her twitching looked familiar…
It the big international capital which is/will exit Canada. It isn’t the measly $8M trucker money or individual accounts that has dumb & dumber scared out of their wits.
Sundance: 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.
Martin Armstrong @ArmstrongEconomics. He talks, the money listens..
FTA: Canada’s Deputy Prime Minister admitted, under the Emergencies Act, banks can immediately freeze or suspend bank accounts without a court order and be protected from civil liability. This has undermined Canada in the eyes of international capital.
All the Canadian banks went offline together. That was no coincidence. Trudeau has invoked his Emergence Act and is in fact taking the very same tactic that Hitler did which targeted the Jews, but Trudeau is targeting anyone who disagrees with his policies proving to the world, Canada is not to be trusted.
Trudeau can simply now say freeze that account and there is no due process of law whatsoever. This undermines every possible foundation of trust and this is what sent capital fleeing from Germany and the birth of the secrecy laws of Switzerland. We need not compare Trudeau to Hitler for things like the Holocaust, but the very financial actions of Hitler are being directed, and that most likely comes from the World Economic Forum. Trudeau is a complete fool and he has betrayed every principle of a free society all to push this authoritarian system by the World Economic Forum.
https://www.armstrongeconomics.com/international-news/canada/trudeau-has-institutes-hitler-type-powers-over-capital/
FTA: What Trudeau has done is more than undermined the image of Canada as a law-abiding nation that is a safe haven for capital – he has embarked on a fascist agenda seizing people accounts who protest politically.
https://www.armstrongeconomics.com/international-news/canada/trudeau-the-bonus-army/
Methinks Justine just urinated in his Post Toasties. I hope he along with his cereal gets flushed down the toilet.
There’s a woman-her name is Catherine Austin Fitts-that talks about their ‘great reset plan’…the cabal’s desire is to have a cashless society worldwide. There are many pieces to this plan: financial, health/medical, social credit score, etc. When the ‘time comes’ they will consolidate all the pieces very quickly in a way that regular people will not have time to react. What that rocket surgeon Justin T. did was inadvertently expose a big piece of what they have in store for the digital banking that they covet and is in their plans to implement. Think…if you defy the powers with speech, or wrong think, or donations to ‘the wrong candidates’, all the cabal has to do is stroke a computer key and you don’t have access to your money, healthcare, food, etc. my understanding is this is the plan. Thank goodness Justin is not the sharpest tool because he just let a big piece of their plan out into the glaring light before they were ready. It pivots around the social credit score with all the other pieces attached. Prepare accordingly if possible… IE research the aforementioned woman-there’s info available that explains it in detail.
She is great, very smart.
Excellent insights by sundance that became reality shortly after the article was posted.
Given CSIS’ hacking abilities, it might not have been wise to mention that a reliable source in the military “e-mailed” him. The state can easily hack e-mails to find out who this source was. Maybe they used a code.
So it begins…Run on Canadian Banks!
Just when you thought trust couldn’t get any lower…
and not just in canada- – – – no more capitol c for canada any more.
Hmmm… Trudeau and Freeland screwed the pooch. The WEF was not amused.
Wille we soon start seeing Canadian Bank Holidays?
Worse yet, will the fire spread to other countries?
Magic 8-Ball sez “Signs look favorable.”
I wonder if Trudeau has recently told anybody that he’s not suicidal.
I couldn’t help but think of these verses in Daniel 7:7-8 with vs. 7 speaking about the cabal that is clamping down on people (including Trudeau) and vs. 8 him being one of three that are plucked out.
I know I started removing money, I don’t trust a system where they can randomly freeze accounts( as they see fit)
And they still aren’t being honest with us. So in a week’s time the Canadian gestapo only seized about 200 accounts with an average balance of $40,000 each. Really? Freedomconvoy2022 itself had roughly that dollar amount itself in just their account.
I would venture to say they had seized far more accounts and far more money than they care to admit. Yet if the true amount and true number of accounts were revealed, it would immediately seize up the entire Canadian economy. And it may still yet do that anyway.
The cascading consequences of this communist tyrant’s moves against the people are going to cause a seismic event that will reverberate worldwide.
I’ve been meaning to break away from BofA for the past year. Time to get to it. I’ve only been able to find one CU in my state that does not share data with third party affiliates (with special attention to Yodlee).
Hope some find this useful:
https://www.coreysdigs.com/u-s/take-action-financial-takeover-your-bank-account-blackrock-envestnet-yodlee-and-the-federal-reserve/
You can see if your bank provides your purchasing data to Yodlee here:
https://faq.veryfi.com/en/articles/3204243-bank-feeds-via-yodlee
HOPE THEY ARE FACING BIG BIG TROUBLE. THEY HAVE EARNED IT.
Omerta:
https://en.wikipedia.org/wiki/Omert%C3%A0
OMG. Not puppet strings being pulled during Trudeau’s speech. Freeland was the (rather poor) ventriloquist.
One thing you should all understand is that the Canadian banks were not, in all cases, told which accounts to freeze. They were given criteria as well and then had to search their accounts to see which fit the criteria, and then freeze. In essence the banks ratted out their own clients. That makes people upset.
So I was in my bank branch today, withdrawing cash, because cash is king now. Two tellers working, one was dealing with a customer who was closing her account. The teller I dealt with didn’t have the cash available for my withdrawal, but she said the ATM might have it. The teller admitted they were having more cash withdrawals than usual. Now, my bank card daily limit wouldn’t cover what I wanted, and I didn’t want to change it, so she suggested she could change it for the moment, I could make my ATM withdrawal, and then she would lower the limit again. Worked for me! So between the two, I got my cash.
Back in line again to change my daily limit. Got chatting with the person in line ahead of me. She was taking out a $1,000 in cash just because. She didn’t like what was going on either.
We aren’t fools. The emergency measures act wasn’t about a protest. They handled those peaceful protesters with ease. Even when they tried to force them to fight back.
It was always about the money. They wanted to destroy the truckers and their supporters to send a message. The truckers raised more money in three weeks than any political party in Canada has raised in a year. Ever. That was scary to those in power. But if you can take one person money on some pretext you can take anybody’s.
We get the message.
Sundance isn’t exaggerating, this kind of thing has already been done:
Millions of Bank Accounts Are Frozen in Beleaguered Argentina
A few months ago, Luis Gonzales was laid off from his job as produce manager at a suburban grocery store here. Like countless other Argentines who have recently joined the ranks of the unemployed, he took his severance pay–about $20,000–and put it in a savings account.
On Thursday, Gonzales awoke to find that the government was holding his money hostage. Under extraordinary new banking restrictions, he won’t be allowed to make any withdrawals until June 2003.
“I thought it would be safer to put my money in the bank,” said Gonzales, who now makes ends meet as a chauffeur. “But now I know I should have put it under my mattress instead.”
The measures struck a sharp blow at confidence in the nation’s banking system, seen by many as a pillar of strength and confidence just a year ago.
https://www.latimes.com/archives/la-xpm-2002-jan-11-mn-21962-story.html
————
Think hard about what that really means: there is no private property in Argentina, what you put in the bank can be taken at any time by the government.
————
And here are the results, still reverberating 20 years after the edict:
Ghosts of 2002 ‘corralito’ spur Argentines to shun banks, stash cash at home
It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.
https://www.reuters.com/article/us-argentina-deposits-idUSKCN1VD27N
People in Argentina are pulling millions of dollars from the banks amid currency crisis fears
Argentines withdrew more than US$700 million from their dollar-denominated accounts on Monday and Tuesday alone.
The impulse for depositors to grab cash while they can stems from a history of mistrust in the banking system.
https://www.reuters.com/article/us-argentina-deposits-idUSKCN1VD27N
When that becomes legal, the only option is to put your money where the government can’t find it. You only use banks in Argentina when you have to transfer money… the folks who went through the “corralitos” don’t use banks to store or save money. And it is taking a generation to rebuild trust in the banking system… the only thing they have going for them is new citizens replacing those who experienced the corralitos.
Now imagine DIGITAL CURRENCY is introduced… then there is no hiding your property from the government anywhere. They will try to sell digital currency for all the conveniences it gives you, but the price you will pay is not owning anything… you can keep your money only if the government allows it.
The N95 made Frau Freiland look like she had a beak. The head bobbing completed the image of the fabled Butcher Bird. Only way she could have looked worse was if she wore her famous purple Barney suit
Cash or barter are the only things that allow for freedom and privacy. That’s why the deep state and the uniparty want so desperately to outlaw cash. They’ll succeed eventually.
GREAT observation, Sundance. I was watching this little Marxist bi*ch and at first, I said she has some serious MENTAL issues. BUT, in conjunction with your observations, she not ONLY wrote the diatribe speech for Little Fidel she’s ALSO is a lunatic.