Posted on 02/23/2022 3:04:44 PM PST by Mount Athos
cash is king
“EPOC times reported this earlier today, Trudeau is an IDIOT, but that woman under him is FAR WORSE, her name is Freeman!!”
WEF “young leaders” both.
Will they undo what they did to the banks when they were offline or will they keep the backdoor ?
what about the donors?
what about people who do not want their assets frozen cuz the state does not like your political speech?
what about people who do not like the idea that the state can freeze your account?
It’s time for Justin Trudeau and Chrystia Freeland to RESIGN
Makes me seriously think about that happening here and what to do.
Chrystia Freeland
That woman needed/needs medical attention…looks like some sort of drug od…
I think that buffoon Turdeau does whatever his Nazi cohort Christia Freeland tells him to do. He is the younger dancing prancing deviant.
One can only hope.
They never do.
Or if they do try, they simply do not understand how average Americans, those they despise as deplorables, think and feel.
Big time.. They did it once—on a frkn’ whim....what’s to stop them in the future.
A small semblance of trust could be regained with a vote of no confidence, removing Fidel’s offspring, which the grand pooh-bahs (financial chiefs) must support or face ruin. I’ll bet there were some intense phone calls from bank presidents.
WTF are you doing ? !! You’re GD ruining our entire financial system which exists only upon trust. You fkn idiots.
The system that monitors internets showed all the banks shutting down shortly after Monday’s reinstatement of Emergency Measures as the bank runs began.
“Shut ‘em down, NOW”
I’m lovin’ this dose of schadenfraude.
unplanned stress test...
At this point, our mattresses.
Big bucks wired to their Cayman, and Switzerland accounts
In 2013 the Euro was considered an international store of value that was beginning to challenge the dollar. Then the European central bank decided to give all the bank accounts in Cypris a haircut to pay for a financial bailout. However, a lot of really wealthy people had lots of money in Cypriot banks so they were allowed to fly to London and withdraw their money before the haircut was announced so the only people who were out the money were Cypriots. The central bank thought this was such a clever move. However, the impact on the value of the Euro was immediate and permanent. Everyone who could moved their money from Eros to dollars. Funny thing was, it isn’t as if this wasn’t easily predictable, but as the article mentioned about Canada the people who made the call were living in an echo chamber. The Euro has never recovered from this boner move. Neither will Canada. If I recall the Canadian dollar is somewhere around fifth in foreign money held reserves. I’ll bet it is falling fast.
If your currency is being held in a foreign bank as reserves that means it is not competing in your local economy. It’s like an interest free loan for that amount. If that money floods back to Canada then the Canadian economy is going to take one whale of a hit.
I've never had a reason to have an opinion of trust or distrust in Canadian financial institutions. I'll say though that the past couple of weeks has made me have a lot less trust in US financial institutions.
✔
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.