Did Trudeau Trigger a Run on the Banks in Canada?

Megan Fox has an article at PJ Media hinting at that possibility. She quotes the Canadian financial Blog Armstrong Economics and notes that “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.” The Emergencies Act enabled Canadian banks to freeze the assets of anyone who donated to protests against the vaccine mandates, without due process or any court action. What is interesting is what she reported happened AFTER Trudeau ordered the freeze.

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.

This reported run on the banks in Canada has been ignored by the legacy media which makes sense. I’m sure the government has attempted to tamp information down related to this, but there is anecdotal evidence on Twitter and other places suggesting daily limits being placed on withdrawals.

Megan quotes a post at The Last Refuge saying that it is indeed happening and those in power don’t want people to know. The writer appears to say that Trudeau’s actions were heavy handed and exposed the secret power of bankers to everyone, and the bankers don’t like it one bit.

These tools of citizen control are things well known to the central bankers and control agents of finance, but they are never spoken about in polite company – let alone publicized, promoted and openly bragged about.

Justin Trudeau and Chrystia Freeland essentially broke the financial code of Omerta, by highlighting how easy it is for government to seize your bank accounts, credit cards, retirement accounts, insurance, mortgages, loan access and cut you off from money.

Once this gets out to the broader public, who knows what will happen. This could severely damage the West’s financial system and certainly investment in country’s like Canada which have shown they will steal the financial resources of people “who don’t have the right opinions.” This is a pretty low bar for government theft of private assets and introduces a new risk to the investment equation in Canada.

Will Trudeau’s actions limit foreign investment in Canada? Will his actions lead to a long-term liquidation of assets held in Canadian banks as its citizens move money to foreign countries? Hard to predict, but this could lead to the repudiation of central bank’s digital currencies, move citizens back to a cash system, and strengthen the markets for alternative assets.

The War on Cash

The one thing we should learn from Trudeau’s actions is to reject the push by governments and central banks for a digital currency. Once they convert to a digital currency, they can easily take your wealth anytime they feel. They can inflict negative interest rates basically reducing your wealth every day allowing you no alternative.

So, what should people do?

Well, own physical assets. Whether that is gold, real estate, fine art, etc., you should allocate more of your wealth in physical assets to help you avoid the devastating impact of inflation.

ABA – Time to Rid the Country of It

Revolver News has a great article on striking a blow to the power of one of the worst organization’s in the U.S.: the American Bar Association. I have written several times about this organization’s control of the legal education in the U.S. It is woke does not do it justice. The recent announcement of changes in legal education to require CRT is just another example of the organization’s march towards Marxism. The article points out several ways Republican controlled states could strike a blow to the beast. The question is: will they?

“Freedom Convoys” and Governments’ Responses

As you look at the various “freedom convoys” ongoing around the world, one thing is obvious: the elites are very upset at their subjects. How could their subjects not accept their demands to take an experimental shot, imposed limits on their subjects’ freedoms, etc.?

Everywhere you look governments are responding to such protests with increased restrictions, confiscation of or freezing of assets by private sector companies required to follow these mandates. In the U.S., you have DHS targeting those who “undermine public trust in government”. (H/T The Daily Bell). What does that mean to undermine public trust in government? Well, it could mean attending a school board meeting in your locality and protesting their COVID policies.

You have governments encouraging, forcing, allowing or however you want to say it the doxxing of those whose opinions don’t align with the government’s narratives whether that be on COVID, the 2020 elections or whatever. They freeze your money so as to starve you into submission. They pressure your employer so their only option is to terminate you unless you submit to their demands.

What does this say about the supposed governments of the world? Basically, they are all the same and will flex their powers to ensure you tote their opinions whenever they feel threatened.

In the U.S., you might ask why? Our freedoms are enshrined in the Constitution and do not come from government. Think what you will, but you have successfully allowed the government to become your ruler. How? Buying into the thinking that that government can protect you from any harm (i.e. terrorism using the Patriot Act), and allowing them to continue concentrating power in the federal government. Our founders knew that unchecked concentration of power centrally would result in the enslavement of the citizenry which is why they had the checks and balances build into the Constitution. However, progressives have led to the stripping away of some of these checks and balances in the name of democracy since the late 1800s. This allowed the unconstitutional (think illegal) delegation of power from Congress to the alphabet agencies under the Administrative Procedures Act. This act turns these agencies into lawmakers who can imprison you and take you money all with no accountability to the public. Today, congress is nothing more than paid stooges allowing this to continue so money keeps flowing to them. Funny how people live in DC, making $170K a year, and become millionaires in the process.

Government actions tell you they are very concerned about these convoys. Why? Because they are working and are beginning to disrupt commerce. More importantly, the convoys have many of the citizens who weren’t inclined to distrust the elites in government seeing just how bad these people are.

What has happened to our country?

For all of those asking the question above, I can you’re not the first to ask it. Many were asking the question in the late 1970s too. We as a nation stood up against the Marxism that was spreading throughout the world and in the U.S.

Today, we see the multi-decade unfettered journey that Marxism has had through our educational and government institutions. CRT, cancel culture are nothing more than Marxism…just an American version of it.

Yuri Bezmenov’s warning from 1984 should be required viewing by all in high school to perhaps shed light on what is being done to them. They are the useful idiots the Marxist use. They never believe it until the doors of the concentration camps are closed behind them. https://youtu.be/IQPsKvG6WMI

Sadly plausible.