Some free advice. The first party to understand this very real problem and do something to fix our banking system so that “our money” really is our money will be rewarded in all sorts of ways. Max? Pierre? Yes, even you Jagmeet can take Justin’s blunder and turn it into a winning formula for both yourselves and Canada.
Fed Guy- The banking system is built on trust that the money one places in the care of others will be there when needed. This is as true for the retail investor with deposits at the local commercial bank, as it is for the sovereign with FX deposits at a foreign central bank. Hard earned trust is part of the magic that enables developed market sovereigns to massively deficit spend with limited consequence. The world happily holds their liabilities, be it in the form of deposits or sovereign debt. But that trust is weakened when sovereigns are seizing the assets of their own citizens and other sovereigns without due process of law.
Canada also recently deployed similar measures against its own citizens. Canadian Prime Minister Trudeau invoked emergency powers to seize the bank accounts of truckers protesting pandemic related restrictions. Reports also suggested that donors who made legal donations to the protestors were prosecuted based on a retroactive application of the order. Protestors lost assets without any warning, due process of law, or potential recourse. Although this happened in Canada, many outside Canada took note and interpreted it in light of the rapid expansion of government power they see in their own countries. They realize that money in a bank can go poof at anytime regardless of deposit insurance.
I totally agree!
On another note, did a top-up grocery shop this morning, which became a “stock the larder” quickly. Coffee has skyrocketed to $16.99 for a large can (I started buying last spring/summer when it was $ 7.99/large can). I bought more canned goods than usual, and some other items “just in case”. As well, regular gas in Regina is now $ 1.68/liter and is expected to go higher on Wednesday. That cannot bode well for the delivery of food.
$1.85.9 / L in the eastern part of the GTA
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NDP and Bloc do not want an election because they will loose seats, especially jagmeathead, Conservatives will scream in vain as the media will ignore them so endure the pain, it’s going to get much worse.
“The first party to understand this very real problem and do something to fix our banking system so that “our money” really is our money will be rewarded in all sorts of ways.”
His name is Vladimir Putin.
The sanctions by the Money Trust against Russia are his cue to build a truly independent banking system where Russia’s money really is Russia’s money, not an obligation the Money Trust can refuse to honour whenever it feels like it.
I expect the banking system that Russia has started to build to be a model for the banking system of whatever replaces Canada.
Things will literally have to go poof before the brain dead Canadians have an epiphany and realize that they have created their problems by putting their trust in fools and liars. I really do not want to be around when the truth smacks people right between the eyes.
You’re an optimist, VOWG.
Most of them won’t live long enough to have that epiphany. At most, they’ll spend their last minutes before going to eternal punishment begging the Lord they swore didn’t exist to have pity on them.
Pitiful they are, to be sure.
Now that the New World Order has tried to deplatform Russia and mostly succeeded in reducing Russian bank accounts to zero, every nation in the world has instantly realized how misplaced their trust in the world banking system really was. Canadians got a taste of how meaningless their savings and investments were when Fidel Trudeau decided to invoke the Emergency Act to counter “crimes” of wrong-think. Nations have now witnessed the same thing on a global scale.
Yep. And Russians aren’t pussycats like Canadians.
They’ve been fucked over by western bankers for the last time. They are saying with one voice to Putin: let’s end this.
The expectation that your property won’t be taken by your government without due process is a foundation of first world countries. Asset forfeiture in the US was the first step on that slippery slope. The Trudeau Liberals and NDP’s decision to freeze bank accounts by retroactively declaring a peaceful protest illegal puts Canada adjacent to banana republic status. The banks being complicit (even eager) to seize customers accounts was a huge mistake. Opening Pandora”s Box has consequences.
LCB, “Opening Pandora”s Box has consequences.”
THIS!
However, we’ll all enjoy the consequences, won’t we!
Bank customers, investors, foreign investment…all at risk to protect Trudeau’s narcissism and ego.
You can’t eat gold, silver, digital currencies and plastic cash
What trumps the banking system is Food Production
BRACE FOR RATIONING” – FOOD CRISIS ESCALATES – EU FARMERS FURIOUS
https://www.bitchute.com/iceagefarmer/
Ukraine 40% of the Worlds Grain not getting the seeds
https://t.me/iceagefarmer/2629
The logical result of allowing Fools and Bandits to hold public office.
“The budget will balance itself”
“Temporary Hyper Inflation”.
“Investing in Welfare”.
“We borrowed this money,so you would not have to”.
$9 Trillion in debt,is not important..
Same old song,Whats yours is mine,whats mine is mine…What ? Rules? Laws?
Meh,those are for the “little people”.
Amazing how people will put their trust in the words of serial compulsive liars..
“Its the norm”.
“Why can’t you be normal?”
Ummm, hate to tell you this, but “your” money in the bank hasn’t been “yours” for a long time…
https://govbanknotes.wordpress.com/2017/04/30/bank-deposits-are-unsecured-loans-to-the-bank-subject-to-confiscation/
Yes once deposited it no longer belongs to you and we accept that.
Just wait for the theft bail-ins that Trudeau brought in, you know he’s going to use it
Robert Spencer at Jihad Watch warns that de-platforming Russian Mastercard and Visa accounts sets a terrible precedent.
https://robertspencer.org/2022/03/why-americans-shouldnt-be-happy-that-mastercard-and-visa-have-suspended-russia-operations
In this incredibly deep and insightful episode Cedric sits down with LaserHodl to discuss central banking imperialism, monetary colonialism, how war is a balance sheet maneuver, scientism, authoritarianism as a field of study, the careful demolition of the West.
https://bitcoinmatrix.libsyn.com/laserhodl-on-central-banking-imperialism-monetary-reset-malthusian-forever-wars
Above link
Skip to 04:25 to get past the beginning commercial.
Well worth the time to listen too even if you are not a bitcoin fan, tremendous information being shared.
Since the invention of money, kings and despots and elected leaders have been busily debasing their country’s coinage. Time was they’d melt down silver coins and remint them with added lead, or clip bits of gold off the edges (which is why modern coins often have knurled edges – you can see if they’ve been clipped). Governments nowadays carry out this debasement by money printing, quantitative easing and generally spending money they don’t have. The result is inflation, which they love, because they can then continue to buy votes using borrowed money, and pay it off down the road with dollars that are only worth a nickel. At the Bank of Canada’s 2% inflation target, consumer purchasing power is basically cut in half every generation (Google the Rule of 72). What the civilized world needs today is the separation of Money and State, the same way wenow have the separation of Church and State. We need a medium of exchange that governments can’t screw around with. Alas, Bitcoin ain’t it.
Were my accounts seized like that, any local manager associated with that bank might find they had a serious run of bad luck, up to and including sudden death.