Posted on 02/26/2022 4:17:59 AM PST by chiller
According to the Canadian financial blog Armstrong Economics, the emergency powers activated by Justin Trudeau to cripple the trucker protests have sparked panic among citizens, which could lead to a devastating financial crisis. On Feb. 14, Trudeau enacted the Emergencies Act, which enabled Canadian banks to freeze the assets of anyone who donated to protests against the vaccine mandates — without due process or any court action.
Trudeau then ordered the banks to unfreeze the accounts after the protesters had been cleared away. But what is reported to have happened after that is being ignored by the corporate press. Armstrong Economics says there was a stunning run on banks across Canada, as scared citizens are withdrawing their life savings and transferring it to foreign banks in the United States and elsewhere.
(Excerpt) Read more at pjmedia.com ...
And notice how the tactic is being used now--by nations, which warns me they'd use it on citizens. And then there's its cousin; ESG which many US banks now utilize.
No institution is trust worthy and what we are finding out is none of them were ever trustworthy. We were just ignorant to their criminality.
There was a BIG bank run and the effort to supresss the truth is astounding. This story has really been squashed.
The globalists are desperate to not let the plebes know we can crush them right now if we collapsed the banking system.
They have not gotten everything in place to stop us yet in that regards. That is why digital currency it so critical. They need us to have NO method to buy or sell outside of the electronic one, then we have no weapon left but force against them.
Given they control the leadership of all the organizations that professionally use force they are more than comfortable with that result.
Let thus be a lesson to the low IQ communists in Washington! You work for US!
WHO in their right mind would keep their money in a bank that allows the government to cut their access and confiscate at will?
thanks for correcting my PJ Media link.
again:
I wonder if US banks also hope this story disappears.
OK...done wondering
which might explain the under-reporting
“WHO in their right mind would keep their money in a bank that allows the government to cut their access and confiscate at will?”
Where else can you get 0% interest and be charged fees for the privilege of letting someone else make money off of yours? /s
—> WHO in their right mind would keep their money in a bank that allows the government to cut their access and confiscate at will?
This describes the US banking system and government.
Unless you have money in a different legal system (other country) that would require due process in court, the US Gov’t can seize it by fiat.
The Tyrant Trudeau has just made the greatest advertisement and endorsement for cryptocurrency possible.
Get out of the banks. Put your money into Crypto. Do not keep your crypto currency on the centralized exchanges.
Has the government stolen the US trucker’s money yet?
Were I Canadian, I would be doing some serious & careful thinking before I committed a serious amount of money to any US based bank.
Every one of them is under thumb & whim of the Fed and the government.
I think for serious money, I would look off shore
Thank you Let’s Go Castreau!! Really, Thank You and the wench notFreeLand. Seriously.
They just demonstrated why a government digital currency and government digital id are both of great value to tyrants and what tiny potential benefits they might have are absolutely not worth it to normal, typical citizens.
I also wondered that if just a few banks started getting heavy withdrawals, then He might have decided to suspend Martial Law. I waiting to see a “Banking Holiday” declared, which never occurred. If it had, confidence surely would have disappeared from Canada’s Banks (and probably US Banks as well). Used to be that Banks had to keep at least 5% reserves of cash on hand, but I doubt that they keep even 1% on hand. Does anyone know how much cash is available if there is a run on the bank? During the Depression most of the folks never saw a nickle of their deposits. Even though our deposits are insured by the Fed now, if you read the fine print, you will get your money when they feel like it, and it might not be in dollars. So I am sure that Trudeau realized that he could not afford a run on the banks and backed off temporarily.
Well, not yet, but they’re flirting with the idea. Most major US banks have signed on to the cousin of Little Fidel’s freeze:
ESG—Environmental, Social, and Corporate Governance
It’s “socially responsible investing”
JPMorgan, Citibank, WellsFargo and others.
....and then there’s GoFundMe, and GoSendMe confiscations
and the world using the same confiscatory tactics to stop Putin.
Taking your money—or preventing access to it—has become popular, and very, very frightening
People are making very withdrawals here in the United States as well.
“This story has really been squashed.“
It sure has. The link doesn’t even show it. Just the comments
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