Canadians Withdraw Money from Banks in Astonishing Numbers

[Djfan]

Canadians Withdraw Money from Banks in Astonishing Numbers

MarketsNews Report

Canadians Withdraw Money from Banks in Astonishing Numbers​

By Ana Ojeda Caracas
21 February 2022, 01:18 GMT+0000
Updated by Nicole Buckler
21 February 2022, 01:31 GMT+0000
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IN BRIEF

• Canadians are withdrawing money from banks as the government threatens to freeze accounts without the need for a court order
• Detainees will become members of a "misconduct" file where they will be banned from accessing certain types of employment, plus will be named as terrorists
• Bitcoin and other cryptocurrencies might be an effective mechanism to overcome unreasonable government actions
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Canadians are protecting their financial sovereignty. In a move planned in advance, Canadians have begun pulling all of their money out of bank accounts. This seems to be a natural reaction to the situation; the government has threatened to freeze bank accounts without the need for a court order.
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People withdrawing huge amounts of money said they were avoiding a possible government measure announced in recent days by Justin Trudeau, Prime Minister of Canada.
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The money move was noticed by James Melville, an economic journalist from the United Kingdom. On his Twitter feed, he posted a graph showing the massive flow of money that has been withdrawn from Canadian banks.

Canada is currently going through a series of protests caused by the mandatory COVID-19 vaccine scheme. Citizens are making social and economic demands as well.
The high point of the protests came a couple of days ago. Trudeau and other officials announced that they may freeze the bank accounts of people who are obstructing the streets.
However, this is not the most worrying thing. Worse is the plan to add detainees to a ‘misconduct’ file. Once on it, they will be banned from accessing certain types of employment, as well as being deemed as ‘terrorists.’ This surprisingly places Canada into territory where the concept of democracy seems to be in question

 

[Djfan]

I didn't post the whole article. Look at it if you want to.

 

[Steelersreign]

The Canadian government should be arrested for theft.

 

[Badcat]

The people are winning, but the damage as a result of Trudeau's arrogance and power lust will sink the economy, he isn't going to cave.

 

[JMM]

The people are winning, but the damage as a result of Trudeau's arrogance and power lust will sink the economy, he isn't going to cave.

He's got his walking orders from someone. It's not the Canadian people. We are in the same boat.

 

[Steeltime]

Good. I hope the Canadians crash the banks that so timidly went along with that imbecile Trudeau in stealing money.

 

[Steelr4evr]

Pull all of your money out,park all of your trucks at home. Wait it out.

 

[Steeltime]

Pull all of your money out,park all of your trucks at home. Wait it out.

By
Uplifting
Youth
Always
Make
More
Optimists

 

[wig]

Although... again, if you're a crazy conspiracy theorist like... some - It's no great stretch of logic or foresight that might allow one to see this coming. If Trudeau or any other prominent world leader starts making statements about the government's right to freeze your accounts or confiscate your money, it's a pretty straightforward assumption that this may lead to people pulling their money out in large numbers.

Things will be fine until the very first bank tells the very first person that wants to withdraw their money that they can't because the bank doesn't have sufficient funds. THEN **** will hit the fan.

One may further speculate that if this became prevalent enough, the banking industry, nay the economy itself, already strained, may collapse.

And if the economy collapses, chaos ensues and WHO might step in to fill the gap of a chaotic, rioting people?

...

endgame.

 

[tapeANaspirin2it]

What if govs know how to steal crypto and they are trying to push people to get rid of physical assets in favor of digital assets they can grab whenever they want? A conspiracy theorist might wonder...