53 Replies to “Venezuelan Style Banking in Canada”

    1. I think Dear Leader Justin Da Da Trudeau has started a run on the Banks. Number one he has racked the total sovereign debt along with the Provinces up to 9 Trillion.
      Number two this crazy unstable shit he has pulled with the Banks and peoples accounts.
      If you have significant funds in Canadian Banks I think I would look at somewhere else to store them.
      You are not earning interest there anyway and you are now at risk.
      Crypto they can not get unless you bring it onshore into a bank etc.
      Peer to peer wallets they can not access. That is all bullshit if you know anything about crypto.

      1. Yes, a run, I’m sure because I just tried to get through to TD Visa to ask about transferring my ‘cash back’ money and my ‘rewards points’ money from my two cards to a bank account before cancelling the two cards permanently.

        Twice [once under ‘press1 general inquiries’ and once under ‘press 5 for rewards points questions’] and both times after being told ‘higher volume than normal; we’ll talk to you in X minutes’ as usual, even at the best of times years ago, a new prerecorded message came on stating that “due to technical difficulties we cannot talk to you right now; your business is important to us so please call back later” and then it automatically hung-up on me.

        The same happened when I called TD’s regular bank line using my access card/debit card info.

        So, I guess someone’s really hurting over aiding the Stasi.

        I’m going to a branch tomorrow in person and will see if I can cancel the cards and an account then.

      2. Yup. And, with a bit of effort, one can get an account outside of the Turd’s juris-fuckin’-dicktion, and convert the crypto to fiat there, and use international networks like Interac, +Plus or INTERLINK to access the funds almost anywhere.
        In the end, we are bigger, stronger and smarter than they are; they are just the parasitic fleas living on us, if we scratch hard enough, we can dislodge them.

      3. And how about all the foreign funding that drops into Khanaduh.. when there is an election and the foreign funding that is there to kill the oil sands.. It’s fine when its for the the serial crooks the liberal monkeys.. !

    2. Crypto has potential. The current emergency will be an interesting test case if it can do an end run around financial/government tyranny. It’s also true at some point, almost everyone is going to have to exchange crypto for government currency, and at that point, they’ve got you.

      As for bank runs. They are not possible in the modern financial system. Modern monetary mechanics is not a scene from “It’s A Wonderful Life”.

      For people who are surprised banks are “going along” with the fascist dictatorship, please understand banks are part of the control system.  Banks have the “legal authority” to create electronic currency out of nothing.  Eventually this power will be used to purchase everything that is for sale, including governments, bureaucrats, and politicians.  As already posted on here many times, the Canadian banks own the domestic media landscape, and they are major owners of pharmaceutical companies, oil companies, transportation companies, pretty much anything that can be bought.  They also own each other’s shares.  So there is no “TD” bank, or RBC, or CIBC.  They are a cartel.  They own each other’s shares and sit on each other’s boards.

      Tyrannies depend on a general ignorance of how the control system works.

  2. These acts will bring about the golden age of leaked state secrets to the private sector and their willingness to go along, or in TD’s case, do the #Librano’s bidding on their behalf.

    So many people still bring up who put in place the desire for a “people’s car” in Germany…

  4. The fact neither the Liberal nor the NDP caucus are revolting against their revolting leaders is utterly revolting. Will Canadians finally realize democracy in this country is a sham because MPs’ loyalties belong to powerful outside interests rather than the people? Don’t hold your breath. There will be no MPs objecting to Der Fuhrer declaring Canada a democratic people’s republic. And precious few ordinary Canadians either.

    Witness HRH Justin and his minion, G. Butts discussing us unwashed:

    The peasants are revolting

    1. Bingo, Thucydides (Dang….good name, that…)
      Until our MP’s start representing their constituents to parliament, rather than representing their leader’s platform to their constituents, the system will not work.
      I have spoken even with left-wing Trump hating progressives (in NDP ridings) who now support the truckers. Are their MP’s listening?
      As things stand now, we may as well send 334 MP’s home, and just let the 4 leaders run the country.
      Save a bit on pensions and expenses.

  5. Did you vote/think/talk/donate/obfuscate/rotate/ congregate/illuminate the right/left/up/down wrong way?

  6. What happens after the emergency is lifted? Do these people get their accounts unfrozen so they can go right back to funding protests the government does not like? What after that? Another state of emergency?

  7. I completely divested from the Canadian system yesterday. Thank God for that. I advise all others to do the same. Get any wealth you can out of Canada now!

    1. I completely divested from the Canadian system yesterday.

      Aren’t you the person of considerable financial means who already resides outside the country?

      Most people here aren’t in your situation. You give good advice, but not practical for people trapped here.

  8. Any bank, financial institute, or credit union that goes against Trudeau’s edict will have an absolute windfall of $$ when this is over.
    We will notice who goes along with this, and who does not. And we will remember.

  9. hmmm. Thought experiment. so the Liberals have authorized the banks to rape your mother. Anybodies mother.
    and the bankers say , they need time to check on the processes and struggles that entails.. i say, wrong answer.
    So. If your mother doesnt get raped( yet) just how much gratitude do yo think you will feel? Can you live with your own wrong answer.
    Can you live next to people that answer differently than you do?
    These questions will , unless avoided, destroy Canada.
    You arent just saving your mother. You are saving your country. but, do bankers approve??

  10. Regardless of the Emergency Act, the banks and other financial institutions only answer to the Superintendent of Financial Institutions Canada. The Superintendent has to issue a ruling. Prior to that, the banks do nothing. So wait until the Superintendent issues a ruling. If it’s a requirement, that’s quite different from a guideline. If it’s a guideline or advisory, the banks can tell the government to fuck off.

    But none of this is really about regulations. It’s about risk management by the banks. They will manage the state of emergency in the same fashion as they would assess risk and response from some natural disaster. Prior to the issuance of instructions from the Superintendent, all of this speculating about what the banks will or will not do is just noise.

    1. Considering that the chartered banks were established by the Bank Act, would following Prinz Dummkopf’s commandment violate its terms?

    2. the banks and other financial institutions only answer to the Superintendent of Financial Institutions Canada.

      “an independent agency of the Government of Canada”

      yup, it’s all noise all right….

  11. Justified theme song..
    https://m.youtube.com/watch?v=zlMhMNsdGw0
    On this lonely road, trying to make it home
    Doing it by my lonesome, pissed off, who wants some
    I’m fighting for my soul, God, get at your boy
    You try to bogart, fall back, I go hard

    On this lonely road, trying to make it home
    Doing it by my lonesome, pissed off, who wants some
    (I see them long hard times to come)

    My life is ill son, prepared to kill son
    A paradox of pain, baby, it’s real son
    Lonely traveler, ain’t trying to battle ya
    But if you’re feeling tuff dog, I welcome all challengers
    Ain’t got no family, uh, you see there’s one of me
    Might lose your pulse standing two feet in front of me
    I’m pissed at the world but I aint looking for trouble
    I might crack a grin, I ain’t looking to hug you
    But think about it, nobody wants to die
    There’s rules to this game son, I’m justified
    I’m ready to go partner, hey, I’m on the run
    The devils hugging on my boots that’s why I own a gun
    This journey’s too long, I’m looking for some answers
    So much time stressing, I forget the questions
    I fear no man, you don’t want no problems, B
    Eyes in the back of my head, you better not follow me
    On this lonely road, trying to make it home
    Doing it by my lonesome, pissed off, who wants some
    I’m fighting for my soul, God, get at your boy
    You try to bogart, fall back, I go hard
    On this lonely road, trying to make it home
    Doing it by my lonesome, pissed off, who wants some
    (I see them long hard times to come) uh, uh, uh, uh, uh, uh
    You probably think I’m crazy or got some loose screws
    But that’s aight though, I’ma do me, you do you
    So how you judging me? I’m just trying to survive
    And if the time comes, I ain’t trying to die
    I’m just trying to fly and get a little love
    Find me a dime piece and get a little hug
    Ho-ok the car up, uh
    Hit the bar up, uh
    Clean the scars up, hey yo, the stars up
    Hey, this is the life of an outlaw
    We aint promised tomorrow, I’m living now, dog
    I’m walking through life but yo my feet hurt
    All my blessings are fed, man I’ll rest when I’m dead
    Look through my eyes and see the real world
    Take a walk with me, have a talk with me
    Where we end up, God only knows
    Strap your boots on tight you might be alright
    On this lonely road, trying to make it home
    Doing it by my lonesome, pissed off, who wants some
    I’m fighting for my soul, God, get at your boy
    You try to bogart, fall back, I go hard

  12. I visited a local bank branch yesterday and withdrew the daily limit at the ATM. Then I wandered over to chat with a masked bank employee about what head office was telling them to say to customers who had donated to the Freedom Convoy following the announcement of the Emergency Measures Act. He had received no instructions. He knew about the old “money laundering” provisions, but had no information about the new situation.

    While we were chatting quietly an agitated young customer jumped in and told us that the Act was strictly to motivate the trucking companies to move their rigs out of Ottawa. He was adamant that this has nothing to do with individuals. Nothing!

    I know, small sample size. Just one encounter. But it strengthens my belief that we have a culture of willfully blind and dangerously compliant citizens. Honk honk, people.

  13. What happens to the Banks when the Emergency is over?

    I hope that there are lots of vicious money hungery lawyers ready file lawsuits and class action lawsuits against any bank or any business that took any extra-legal actions based on the bogus Emergency Act.

    1. They have immunity under the emergency legislation. You can file all the lawsuits you want but you will lose and have to pay their costs…
      there is no recourse in the courts.

      1. That depends on the judge.
        Their rules, now. A sympathetic judge of which one or two still exist here, will find in favor of the plaintiffs. Also, I don’t think even the prog judges appreciate the usurpation of their ability to legislate from the bench.

      2. Wrong under ICCPR section 13 War Crimes Act, which we signed, our government agreed that they would uphold the laws of that act and if they violate said act they are guilty of violating said agreement.

  14. I’m in the midst of moving my funds from TD, albeit to another Canadian bank (Simplii/CIBC). I’m also going to cancel my TD VISA card once I pay this month’s balance & redeem my points, and I pay almost everything by credit card. It’s small potatoes dollar-wise to TD but they took the initiative in freezing accounts, without being asked, so a small revenge for me.

  15. Around a decade ago, I was able to access funds in a Canadian bank using ATMs in Europe, provided it was on the Interac, +Plus or INTERLINK network. I don’t see why Canadians or allies of the Convoy couldn’t have accounts in banks in the USA or other places outside of the jurisdiction of our little dicktater, and just access the funds through the international networks mentioned.

  16. Why would a banker do anything on their own initiative? That would be crazy. Tell the government that if they want any accounts frozen that they give the full legal name and address. Then a banker can blame the government.

  17. My wife previously worked in an area of Toronto with lots of Russian immigrants (about 20 yrs ago). She noticed when at the bank that these folks would get their paychecks and immediately convert them into US 100 bills. As Poso says, now you know why people in the Soviet system kept their money under the mattress. I would imagine that lots of these folks are jarred and withdrawing. Yesterday I was in the bank and a person I know who moved here from Soviet system had a big wad of cash and was discussing gold bars with the staff.

    1. You raise an excellent point that has been brought up here many times over the years.

      If this country had continued to bring in immigrants from the old Soviet/Warsaw Pact bloc, I’m confident that we wouldn’t be in the current situation. The Canadians I know with this background are astute, and under no illusions about the TRUE nature of government — any and all governments. Most born and bred Canadians I know are just plain dumb in comparison. By design.

      One last point about eastern Europeans. My neighbour years ago was a fellow from Poland. He had no skills when he left Poland, and he brought no wealth with him either. But he had his wits about him. He got himself trained up north as a welder, mostly OJT. His house in Canada would have been considered a palatial mansion in Soviet-era Poland.

      He asked me once: “What is with your government? I went back recently to Poland. All my old friends came up to me and said: ‘I want to be rich like you in Canada. I went to the consulate and was told the country is all full up and not taking any more immigrants'”. My neighbour was astonished to learn this. He told his friends it didn’t make any sense. “When I go to Superstore,” my neighbour continued, “all I see is ‘new Canadians’ fresh off the boat from some s*hole. What is with your government? Why are they lying? Why don’t they like Poles anymore?”

      I told him: “it’s not MY government, regardless of what party is in power. The government is the property of its owners, and they make rules to suit themselves, not us.”

      Obviously, bringing in eastern Europeans to the extent they did 20 years ago didn’t work out for the owners as they’d hoped.

  18. I mentioned the other day about organizing a run on the banks, and I’d like some information about another tactic that might be used. Does anyone know if there is a law stating that you must receive your pay by check or can you demand your pay in cash. Is a company, any company entitled to issue a check or can you demand payment in cash. What are the legalities? If everyone started demanding payment in cash that could cause a major headache across the financial world.

    1. That’s an organized labor thing. Think, a big Canadian company like Bell or CP rail…all the employees asking for cash instead of checks, with the threat of work stoppages if the company doesn’t comply. Think, big bins of cash moved out to various places to meet payroll. In the case of big telecom, it may actually be shooting ourselves in the foot. Smarter men than me would have to look into it, and I’d say it would take some prep.

      1. It hasn’t been cheques for a generation. I suspect everyone in the country gets paid by direct deposit these days. Even working construction 25 years ago my pay was direct deposit. The last place that paid me by cheque was the army when I was a reservist in the 80s. regular army was paying with direct deposit in 1988.

    2. Up until 70 years ago or so, some payrolls were still paid with cash. Knowing when pay day occurred at factories was valuable information for criminal syndicates to plan armoured car heists. The last major such heist took place in Japan in the late 60s. It made the front page of the NYT. One bandit dressed like a motor cop stopped a bank’s armoured car and warned them there was a bomb inside. The bank employees ran out of the car, the phoney cop got in, and drove off. The theft was never solved. It absorbed the attention of all Japan, TV shows and movies were made about it. A wrongfully suspected person committed suicide. A Canadian embassy employee was also a person of interest.

      No large company is going to pay its employees in cash. If you take them to court, they will tell the judge you have refused a direct deposit to your bank account, (or more rarely a cheque made out for Canadian dollars drawn on a Canadian bank), which are cash equivalents. The judge will ask you whether you are attempting to evade the government’s money laundering/financial terrorism laws, and you will be in a much worse situation for drawing the attention of the state to yourself.

  19. // Globe and Mail- Banks grapple with new Emergencies Act powers //

    If they just apply the same resources that they do to nickle & dime
    depositors they should take it in stride.
    And they had better; if I heard Cristia Freeland correctly, the
    FINTRACK changes are permanent.

    The Givesendgo fiasco illustrates the buyer beware principle. A company that
    bragged about it’s freedom from any government control but ignored warnings
    about technical vulnerabilities got hacked.
    I suppose that is an example of the “Mischief in Important” principle.
    And also the fact that anonymous political donations are not yet a Canadian thing.

    I believe that they are still accepting donations [and prayers]

  20. Earlier this week, I received notice that my first installment on next year’s income tax is coming due. The way the CRA set things up, I have to pay it through–you guessed it!–my bank account.

    So, if my accounts turned out to be frozen, thanks to Prinz Dummkopf having crowned himself emperor, how am I expected to pay my taxes? Of course, I would be liable for any penalties–after all, if the CRA gives me bad advice, I pay for that, don’t I?

    I don’t suppose the whizz kids (no, not because they’re such geniuses, but because they gladly you-know-what on us) figured that one out, did they?

    1. if my accounts turned out to be frozen, how am I expected to pay my taxes?

      Depends on how long your accounts are frozen. If indefinitely, the government will allow your tax profile to be processed as “in arrears” and you will be declared a “tax debtor”. The government will seize the “appropriate” funds from your frozen accounts to make up your debt. This debt will include interest and penalties.

      After you have perished in abject poverty, instruct your next of kin, (I won’t say “executor” because your estate will be worthless), to take your cremated remains, (some crematoria will incinerate paupers pro bono), to the nearest tax office and deposit your remains on the desk of a tax auditor. “Now you have everything”, they can say, and promptly leave.

  21. For the past couple days I’ve been taking out the maximum out of my account, but it’s our funeral account so this could take awhile. Did anyone ever envision a day that the Government could take your rainy day fund, funeral fund or the new roof fund just because you donated to a legal cause the Regime doesn’t support. We’re coming for liberal charities, you think there won’t be payback oh just you wait BLM and Pantifa.

    1. I’ve been taking out the maximum out of my account…this could take awhile.

      Be careful, the government will accuse you of “structured withdrawals” and will build a case of financial crimes such as evasion, money laundering, and financial terrorism. If they can get you arraigned in their tax court, the burden of proof will be reversed, and the onus of proving your innocence will be on you. No, I am not quoting you a passage from Franz Kafka.

  22. There are two kinds of people:
    People like the Turd, who think your average Canadian citizen is their enemy, and people like the truckers, who fight on behalf of your average Canadian citizen, no matter how retarded they may be.
    In the US war of independence, it was 3% who fought. That leaves 97% who did not, but no-one then called the average citizen “enemy”, and now, the Turd does, as do a few posters here.

    1. That leaves 97% who did not, but no-one then called the average citizen “enemy”,

      3% might have done actual fighting, but 10-15% supported the Revolution. Maybe the same amount supported the status quo, mostly in the southern colonies. The majority just swayed whichever direction the wind blew.

      However, there were many cases of revolutionaries accusing the “loyalists” of treason against the revolutionary government. And vice-versa. In some cases, they could be shot on sight based on a simple accusation of treachery. Spies and traitors faced summary execution under martial law before any modern international conventions prescribed conduct in wartime.

  23. This is a tough issue for our banks, credit unions, etc. Since it began, banking only works by the faith of depositors. If faith is lost, a bank folds. Some posts here show how it happens. Depositors who have lost faith move their money out while they feel they can.

    If i were advising a bank how to deal with this i would advise caution and the following thoughts:
    –share as much as possible directly with clients and directly with the public, not the media channel.
    –take no self initiated action with client accounts. You are not a police force and are bound to be incompetent if you try. Make the government initiate client by client, make them provide an accurate and complete client id, state the cause, and commit that their source information was obtained lawfully and not in breach of that client’s privacy and other rights. Propose a form letter with a space for a signature. Require indivdual sheets of paper with a human signature.
    –publish action taken by count and dollar amount by branch, city, province, country. Always protecting individual client identy.

    1. That all sounds reasonable, but its really deeply flawed. It relies on the assumption that the PTBs obey any kind of consistent law, and relies on judges in the end, many of whom are bought and paid for by the very same assholes who started this shit-show 2+ years ago.
      I trust the truckers.

    2. We have seen through the last two years, that the corrupt fascist government will just print its way to Nirvana.
      If their well heeled contributors at the Bay St Banks catch a flu, the LIBRANOs will happily come to their rescue.

    3. <Since it began, banking only works by the faith of depositors.

      Yes, the financial system was founded on the mutual confidence of its participants.

      But in the modern age of electronic government-enforced fiat currency, and modern central banking, supported by the USD at its financial nexus, and backed up by state power and the US armed forces, confidence — generally speaking — is not necessary. It is preferred, but not essential. It is, at its core, a system of enforcement and compliance, not free-market voluntarism.

      Any significant bank losses will always be made good by the central banks, and all the banks are interconnected through mutual share ownership. The system will fail eventually, because it requires ever increasing amounts of currency inflation and debt monetization to sustain itself, but until that ultimate inevitability happens, the system will work.

      1. until that ultimate inevitability happens, the system will work.

        And in the meantime, YOU WILL ATONE!

  25. All well and good. However, if you freeze a persons ability to eat, to survive, making them a non person. Then they have no recourse within society, they become criminal by default. Once they reach that designation, they can only use avenues that are still available to them. This may be simple theft, or robbery, perhaps muggings and home invasions. Maybe even assassinations of local, or provincial, or federal authoritarians. Be they, councilors, mayors, MLA’s, provincial premiers, federal police or provincial and urban police. Maybe, if they are close to a provincial or federal capitol, perhaps even the causes of their downfall, the MP’s and PM’s. Once they are pushed to the fringe of the society they once were a member of, simply because they thought they were free to support a cause they believed in, what inducement is there for them to not “misbehave” in any flavor or fashion they so choose, to satisfy their need for sustenance and defense against a cruel world? For every action is there not an equal and opposite reaction. It would be best to NOT go there, to NOT poke those bears. Hungry and angry bears are not really predictable, except of vague predictions of what hungry angry bears might do, if so provoked! As well, those bears will not be alone, they will have many like minded friends with them.
    TPTB, might want to consider the unintended consequences of their actions, before their actions actually harvest those unintended consequences.

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