At this point in time Canada can not freeze anyone’s bank account in America after the fact if you gave to convoy through any legal charity. Like GiveSendGo
Both trudeau and that woman are unworthy of public office. Both have violated the rights of citizens.
What happens when you make representations that people’s money in the bank is not secure? Duh.
Chrystia Freeland studied in the USSR so she has no clue
Typical Communist Dictatorship = Clueless
Typical checker players. Couldn’t see down the board a couple of moves and realize 1) the truckers represent most of us and have a legit beef and 2) hey, that could be me next.
Bank run ensues. I guess next is a good game of Indian. OK, lick the back of your cards and stick it to your forehead.
Keep pulling your money out of banks, patriots. It is working.
I work for a bank and I can tell you that all banks really offer to their customers is trust. Trust that their deposits are safe and reachable at any time. Trust that credit is good and follow terms as agreed upon (loans are a form of credit). Trust that financial instruments and investments follow their terms. Once trust in the institution is lost, there is no reason any rational person would place any of their capital into that institution. Trust is everything. Tru-doh just broke that trust.
"What international businesses will come to Canada now? Who will ever setup a new bank account in Canada now? Who will ever risk taking out a loan from a bank for business capital or even a home?"
And...
People are pulling their money out of Canadian banks, and probably letting them know why.
A simple explanation is the freezing of the accounts accomplished it’s purpose, the truckers went home. No need to continue the freeze.
My god, waking up to that thing would make me sterile.
Who else besides truckers buy trucks?
I had read somewhere that all told, there
we’re 50,000 trucks across Canada that
are participating in the protest.
The average cost of a used semi tractor
is around $100,000.00 USD.
$100,000.00 X 50,000 = $5,000,000,000.
(just estimates)
Banks carry the loans on these trucks.
No trucker is going to buy a confiscated
truck due to the principles involved.
Canada’s economy would take a huge hit
as all fuel, tires, maintenance, road
use taxes, tolls, permits, and anything
else tied to the trucking industry, monies
would cease, not to mention your average
Canadian citizen who also is in debt for
auto loans, insurance, mortgages, etc.
Trudeau not only froze protestors’
accounts, he also stopped the inflow
of cash to the banks.
Some good does come out of this: it's a dire warning that individuals had better have enough cash on hand physically to tide them over through dislocations such as this, however brief or limited in scope, whether government mandated or not. That doesn't mean enough to make the house or car payments, it means enough to buy food on the black market, the creation of which is the other inevitable consequence of torpedoing the banking system for petty political revenge.