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 ...
is that being reported, or your personal knowledge and experience?
It should scare hell out of everyone.
The Elites are at war with the people around the world.
Ping
The comments link was my error....we posted the proper link, twice.
You said it.
If you have money in one of these banks, you may want to register your displeasure with the course of action that they have taken recently.
great info
“No institution is trust worthy”
What a out stocks held in a brokerage account?
The reason why people put money in banks is because it seems like the safest, most secure place to park money until you need it.
Take away that feeling, and people will put their assets elsewhere.
This will be damaging to banks for decades.
Deathly so, imho, which may lead to legislation prohibiting these violations of personal property rights, I predict. In Canada at first, and perhaps here if the stink migrates south.
“And then there’s its cousin; ESG which many US banks now utilize.”
ESG is being pushed far and wide, but is being met with skepticism. I’m a 20 year auditor, and every seminar and training session for the past year has had some discussion on TSG.
The pained look on their faces when asked, “is this modeled after the CCP Social Credit System?”
As an aside, many banks are either refusing to implement it, of have it on their long-term planning, so that they can say its a current project, so as to not offend the current regulators and get themselves on the naughty list...
The whole world is waiting for the next American president for a variety of reasons!
Chrystia Freeland is the World Economic Forum stooge who’s hubris is exceeded only by her ignorance, is the cause of this crisis.
The banks in Canada can suck it!
You participated in this thuggery and seizure of private property, live with the consequences of following the dictates of Yenta Freeland.
This is a blog post from earlier in the week. Other than in this post, is there anyone providing data to support this?
It makes sense, it’s highly plausible, but other than a few anecdotal accounts, is there any data yet to support it?
I’ve read elsewhere that the data lag to support this could take months. Just asking if there’s any early data.
I’ve been encouraging conservative sites to dig to see how much affect this has had.
If you’ve not seen the original blog, it’s here:
DUFunnies had a piece with graphs showing Canadian banks internet sites all shutting down at the same time, surely to stop bank runs.
I expect more to come. The swift repeal of the Emergencies Act right after the funds freeze was announced speaks volumes about Canadian bankers fears.
Also, I understand Trudeau’s brains (Crystia Freeland) is a Soros bot. She sat behind Little Fidel during the speech and appeared to repeat every word and inflection as he read the speech, even though she was behind a mask, just as if she wrote it.
More info MUST come
An alternative explanation (or maybe an additional factor) is he may not have had the votes in the senate the next day. Losing that vote could have easily led to the immediate fall of blackface minority government.
I did read the original blog. I also saw that the major banks went offline simultaneously.
All very strongly suggestive. But not quite hard evidence.
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