It’s Probably Nothing

138 Replies to “It’s Probably Nothing”

1. Justin Trudeau stumbles upon a cure for the national debt. All your moneies are belong to us.

2. I read about this and decided to try get a bit of money out of ATB Financial. The transaction could not be completed at this time. Hmmmm

   1. The “Treasury Branch Of Alberta” uses SAP. Easily integrated with the five eyes financial surveillance system to operate in the “government security cloud” currently in development.

3. Maybe off topic, or maybe not.
   I am beginning to think that WW3 has started “asymmetrically “ on Canadian soil.
   I guess that every country gets its day, eh?
   Lest We Forget is going to have new, palpable meaning in this country, if the right victors get to write the right history.
   Honk.

4. Well +1 to Stephen Harper, turns out JT wasn’t ready after all. He was just good at acting the role, until now.

   This is like Jim Carrey starring in Schindlers List.

   1. I think the fact that Justin was not ready to lead the country was obvious some time ago.

      1. No normal person would ever consider putting that headcase on cash at a dollar store.

         32% of voting Canadians just ain’t right in the head themselves.

   2. If only Harper filled out the vacant senate seats before he lost power. They sure as hell would prove handy now.

5. These are resignation level errors:

   (1) inflaming a situation over 2-3 weeks that could have been defused by more intelligent responses.

   (2) apparently co-ordinating false flag operations to try to make the problem disappear that way.

   (3) predictably crashing the banking systems almost everyone relies on.

   (I would add others but they are not widely agreed upon, such as profiting from the pandemic, and being a general agent of chaos over a longer term)

   This situation should go immediately to a non-confidence vote and the NDP should support it (I think the Bloc probably would already). Trudeau should be forced out by his own caucus. He is now a tremendous liability to their party and brand. One thing many Canadians would probably say is that the Liberals over a long period of time have been reasonably good economic managers (you and I might personally disagree with that sentiment, but just doing an analysis of the wider picture outside our own precinct). This is far from good economic management. Also there is an element within the Liberal Party that does not want to go back to anything heavy-handed like the 1970 War Measures Act. That element is probably quietly grousing in small groups but keeping their mouths shut for fears of career ending reprisals.

   1. Well Peter.
      I am rooting for all the Liberal and NDP MPs to support Justine,same for those “independent” Senators.
      It is never a bad thing when the forces of evil self identify.
      For the decent citizen has always been handicapped by doubt.
      Who are the enemy.?
      What if I am wrong,in my assessment of the situation?
      But progressive know they are the chosen ones,for they can consider no other points of view.
      Everyday our choices narrow and our doubts are erased.
      Forward!

6. Bank of Canada reports about $110 billion of bank notes in circulation. 1 million people withdrawing $1000 is $1 billion. 10 million people withdrawing $2000 is $20 billion. I’m guessing the system can handle $1 billion but not $20 billion.

   Banks use deposits to back their loans. They can draw on Bank of Canada as needed. There cannot be ‘run’ a Canadian bank, you just make them borrow from Bank of Canada. They can run out of cash though. Running out of cash in turn would result in loss of confidence and more withdrawals. It would take time for the Bank of Canada to generate and distribute cash.

   1. Banks don’t have to repay anyone in cash. They will refuse to give you cash. There isn’t enough cash for the financial system to operate on a “cash basis”. The electronic currency in the Canadian economy is 3+ trillion; there is only around 1 billion circulating in cash.

      They will give you a bank draft, and you will take it or leave it.

      Canadians will not close down accounts and become “unbanked”. Canadians on average owe almost everything they have to the banks; they are among the most indebted people on earth. They will need both accounts and electronic currency with which to pay their principal and interest payments. They are in an electronic gulag.

      1. Reading a lot of the comments on here for the past couple of days, I can tell that almost everyone here is well-intentioned and on the side of freedom, but I can also see how unfortunate it is that the government schools deliberately keep financial and macro-economic subjects out of their curriculum. Well, even if they did include the subjects, the government would lie anyway, just like they do with everything else. And teachers are by far the LEAST competent people to present such material properly. Fortunately, there are plenty of excellent resources with which to educate oneself.

         But the sad fact is everyone is indeed in an electronic ghetto. It was built one byte at a time over the past 40 years.

      2. Wrong, it is $110 billion of bank notes in circulation, works out to $2800 per Canadian in Canada.
         Your $1 billion would be $26 per Canadian in Canada.

         1. @Mike, you are right, and what I typed for circulating cash was wrong.

            I should have typed approximately 111 billion. Thanks for the correction.

7. I think every reasonable Canadian should support Canadian economy, by making sure they have adequate cash reserves on hand. Right? Just so we don’t put undue pressure from the demand side on all the struggling retailers if our accounts are accidently unaccessible, let’s withdraw some cash and that way we all can pay for our purchases…. It is for the good of the others you see….

8. Coincidence?

   https://www.cnbc.com/2021/02/24/the-feds-system-that-allows-banks-to-send-money-back-and-forth-is-down.html

   1. @bobby b: this has been a weird day, and the Fed’s “little glitch” makes it all the more intriguing. thank you for advising all of us here!

      Some day, in the immortal words of baby bush at the height of the financial crisis, “this sucker’s going down!”

9. L – Currency, both digital and paper, and the economy are games of confidence.

   Economic activity depends on a future wager, whether payday, production, sales or profit, without confidence…

   Justin Trudeau, the captain of the ship of state, headed for any and all icebergs he
   can find. Until the crew/passengers decide the safest course is for him to walk the plank.

   Wagers anyone on the future date for that to happen?

   1. When I first heard Trudeau 2.0 was running for Liberal leadership, I was horrified. I thought Canadians would vote for him, and keep voting for him indefinitely, because they’ve been brainwashed into worshipping the Trudeau name. And I suspected that the Trudeau Cult was more powerful and pervasive than it was even in Trudeau 1.0’s day. Back then, I knew Trudeau 2.0 was dumb, but what I didn’t realize back then was that he was dumb and just as crazy as his certifiable old woman. And I have come to realize since then that he is 100% batshit nuts.

      The scary, really scary thing, is that, although some people see this, there are way more people than there should be who don’t. Canada seems to have on average a much higher population of stupid thank it should have. Perhaps the government is actively selecting stupidity in its immigration process.

      Someone in authority or influence should have stopped him years ago. Harper basically threw the election to him. No Cons are standing up to him now. Couldn’t even 20 MPs or 10 Senators have expedited the debate on the current “emergency measures”? His cabinet and PMO staff are such lightweight dummies. And there is zero opposition to this clown show? It’s hardly as though someone needs enough guts and brains to stand up against a quality show like Disraeli or Gladstone. It’s just this moron. It is incredible how low this country has sunk.

      I don’t have confidence that the country will actively stop his growing tyranny. I only have hope, that by some unexpected stroke of luck, his reign of error ends.

      1. by some unexpected stroke of luck, his reign of error ends

         If only he hadn’t lied about being triple vaccinated, the odds would at last be in our favour.

10. Tools down.