Soros, Trudeau and Freeland.
Posted on 02/23/2022 3:04:44 PM PST by Mount Athos
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.
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.
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.
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.
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.
Yes. I was astonished the three were “alumni”
It explains why a Podunk mayor like Butgig got so much exposure.
The fact that he can do it, and is willing to do it for political reasons is what really matters.
Canadians(and frankly we Americans should assume as much too, thou we have more safeguards) can no longer expect their personal finances to be secure from the arbitrary misbehavior of otherwise largely unaccountable politicians.
You will also find that SEVERAL of these ZYGL types are in XiJinBiden's Cabinet.
They've infiltrated PRC (Politically Repressive Canada) government VERY HEAVILY and unfortunately, the US government, though not as deeply.
For one, end a law that declares a protest illegal. 2nd make it illegal to freeze one’s accounts without due process and legal representation.
Soros, Trudeau and Freeland.
DugwayDuke is posting from the basement of Trudeau headquarters.
He gets a penny a post.
What’s keeping that fanatical imbecile in the WH from doing it to us? And there’s no profit in keeping your money in a bank account with the little or no interest it pays. I keep mine in because it’s supposedly a safe place to for my money - to keep it from being stolen. Well, that shoots that reason all to hell.
Canada needs a real Constitution & Bill of Rights, don’t they?
We have both, but a socialist/fascist/communist/marxist/leftist party in power, could/would suspend both, on a pretext of national emergency.
If they can make it illegal, they can reverse it and make it legal, if they have the power.
Looks like Justin and his minions really stepped in it.
That pride can be a wicked thing, Justin. Maybe you should have just met with the truckers and at least listened to them instead of going all scorched earth.
You are so right. Wouldn’t that be a sight to behold!
It really is amazing isn’t it. Like you said, say freeze and bam it is done. Not even a whiff of due process.
So what you’re saying is that you’re an AI robot?
It’s affecting American banks, too. Peepers are rethinking where their money is.
It's only a matter of time before you'll be able to skip the gift card all together and just swipe it on your phone or a prepaid crypto card.
You don’t have real free speech. You don’t have a real right to bear arms. Without out those first 2 rights you can’t defend any other rights. Your “rights” are only granted by the government. Your government can declare a national emergency, suspend your free speech and right to assemble. They can freeze your bank accounts, funds and credit. All without due process and recourse. They will do it again because they have that power.
You really think the government can’t shutdown crypto? What they did in Canada was a flex. The government said one word and suddenly all access to capitol was taken away. The bank institutions made you a non person. All the government did was enter your name on a list.
I don’t know any businesses that don’t accept cash. And I live in the peoples republic of Massachusetts.
sergeantdave wrote: “Remember when Canadian PM Trudeau supported a massive protest that shut down a nation’s capital? The NY Times does, and it’s calling him out for his blatant double standard”
Fine, he should be ‘called out’ for that.
Similarly, those who are condemning him for acting against the protestors should be ‘called out’ for supporting similar actions against BLM and ANTIFA.
They cannot shut down any crypto that is offline in a hard wallet unless they go to your house, physically take it and then torture the keys out of you. If you’re dumb enough to leave it all online in a centralized exchange, sure. They can take that all day long and they will. Those centralized exchanges are fairly new and not how crypto was originally designed. It was designed for exactly what happened here.
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