Maybe it caused a run on the banks with people who had donated to the truckers trying to get their money out before it was frozen
I think two things ran through their minds. One, when this all ‘ends’...those folks you screwed will come for their money and leave. Add to it...thousands probably walked in and started closing their accounts....saying they couldn’t trust the bank any longer.
The other thing, when you sign all those papers to start an account, it says in plain language how they can terminate/freeze your account. I looked at my forms when this started up. Typically...either a judge’s order starts the process, or you defrauded the bank. I suspect the Canadian banks had the same type of wording, and feared where this was going.
Maybe it caused a run on the banks with people who had donated to the truckers trying to get their money out before it was frozen>>>>>>>>>>>>>>>>>>>>>
That is exactly what happened.
People who heard the origionall witchy Friedland Anouncement
put on their hats , boots and coats , jumped in their cars and headed to the bank. They took out everything.
I MEAN EVERYTHING......savings, investments, the works.And they are NOT coming back, opening bank accounts outside Canada in other jurisdictions. ......Bahamas, The Cayman Islands, Panama...etc.
The Bannk CEOs panicked, and began dialing the Bank of Canada ( Canadas federal reserve.), and they shut down their banks.
Maybe it caused a run on the banks with people who had donated to the truckers trying to get their money out before it was frozen>>>>>>>>>>>>>>>>>>>>>
That is exactly what happened.
People who heard the origionall witchy Friedland Anouncement
put on their hats , boots and coats , jumped in their cars and headed to the bank. They took out everything.
I MEAN EVERYTHING......savings, investments, the works.And they are NOT coming back, opening bank accounts outside Canada in other jurisdictions. ......Bahamas, The Cayman Islands, Panama...etc.
The Bank CEOs panicked, and began dialing the Bank of Canada ( Canadas federal reserve.), and they shut down their banks for a few hours.
The run is still happening , and people who do not Trust the banks and who are in no danger of having accounts frozen are pulling out. There is a huge exodus of capital from Canada to other US dollar jurisdictions where the Banks are more trustworthy and secure.
The Canadian Banking system is now damaged beyond repair.....as long as Trudeau is PM.
Canada is now on the way to being Venezuela II.