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If You Have Assets At Canadian Financial Institutions, You’re Nuts

If You Have Assets At Canadian Financial Institutions, You’re Nuts

I don’t have any assets in Canadian financial institutions or subsidiaries, but if I did, I’d transfer them out right away. For the same reason I wouldn’t hold assets in any other lawless country run by a tinpot dictator who weaponizes the private sector to carry out his political purge.

No one expected the Trudeau Inquisition. Well, almost no one.

In 2014, at the now-defunct HuffPo Canada, Daniel Dickin wrote, Why Canada Will Become a Dictatorship Under Trudeau:

It’s becoming clearer as the days of Trudeau’s Liberals wear on: if elected Prime Minister, Justin Trudeau would turn Canada into a dictatorship.

This is the man who admitted he “admires China’s basic dictatorship.” [WAJ note – video no longer available at link, see here] It wasn’t just a sarcastic comment – he seriously said that he admires the dictatorship because they can get things done quickly.

And it’s becoming clearer that Trudeau not only admires the dictatorship — he runs the Liberal Party like one too.

… Trudeau doesn’t just admire China’s dictatorship — he would practice one if he had the chance….

Now that we know that Trudeau runs his party like a dictatorship, we must ask ourselves: is there any indication he wouldn’t do the same as the leader of Canada?

Would a Prime Minister Trudeau arbitrarily whip the vote and outlaw certain moral questions? Could Prime Minister Trudeau be trusted to make decisions for the good of the country, not just for his personal self-worth? Would Trudeau call in the police to enforce his vision?

Let’s hope we never have the opportunity to ask those questions.

Well, fast forward to 2022, and we found out.

Trudeau has commanded private financial entities to freeze the assets not only of protesters, but also of anyone who has supported them, with a wide sweep of financial assets covered. If carried out, and it appears to be in progress, it will leave people without money to pay bills, buy food, or pay their loans. Trudeau also threatened to revoke insurance on trucks, cancel trucking licenses and various other attempts to destroy lives of people and their families who have not been convicted of any crime.

I discussed Trudeau’s embrace of financial terror on his opponents in my post, When Fascism Comes To America, It Will Look Like Justin Trudeau’s Canada.

Another good discussion is at Bari Weiss’ substack, by David Sacks, A Social Credit System Arrives in Canada:

Trudeau escalated things further on Tuesday night, when he issued a new directive called the Emergency Economic Measures Order. Invoking a War on Terror law called the Proceeds of Crime and Terrorist Financing Act, the order requires financial institutions—including banks, credit unions, co-ops, loan companies, trusts, and even cryptocurrency wallets—to stop “providing any financial or related services” to anyone associated with the protests (a “designated person”). This has resulted, according to the CBC, in “frozen accounts, stranded money and canceled credit cards.”

Banks, according to this new order, have a “duty to determine” if one of their customers is a “designated person.” A “designated person” can refer to anyone who “directly or indirectly” participates in the protest, including donors who “provide property to facilitate” the protests through crowdfunding sites. In other words, a designated person can just as easily be a grandmother who donated $25 to support the truckers as one of the organizers of the convoy.

Because the donor data to the crowdfunding site GiveSendGo was hacked—and the leaked data shows that Canadians donated most of the $8 million raised—many thousands of law-abiding Canadians now face the prospect of financial retaliation and ruin merely for supporting an anti-government protest.

Canadian authorities were eager to say that in particular, they were targeting Trump supporters:

Canadian Prime Minister Justin Trudeau’s justice minister has warned that people who donated to support the Freedom Convoy ‘ought to be worried’ about having their bank accounts frozen, saying they are part of a ‘pro-Trump movement’.

Justice Minister David Lametti made the remark in an interview with CTV News Channel on Wednesday night, where host Evan Solomon pressed him on whether average citizens who donated to the protests should be worried about account seizures.

‘If you are a member of a pro-Trump movement who is donating hundreds of thousands of dollars, and millions of dollars to this kind of thing, then you ought to be worried,’ said Lametti.

Lametti defended the government seizure of bank accounts tied to the protests against vaccine mandates as a simple ‘extending’ of the procedures used to stop ‘terrorist financing’.

About 44 percent of the nearly $10 million in contributions to support the protesters originated from US donors, according to hacked donor files. Some 92,800 individual donors are listed in the leaked files.

You see, this isn’t just a Canadian problem. It’s an American problem. The statements of Canadian authorities seem clearly to target American supporters of the Freedom Convoy. The terms of the Emergency Economic Measures Order do not appear restricted to Canadian citizens. So American-owned assets held in Canada seem like fair game for Trudeau’s financial reign of terror.

It’s unlikely that an American banking or securities subsidiary of a Canadian Parent Corporation (and there are many) would freeze the accounts of American Freedom Convoy supporters. And at least we still have real courts, not like the Ontario court rubber-stamping Trudeau’s actions. But do you want to be the one to have to worry about that? I don’t.

I don’t have any assets in Canadian financial institutions or subsidiaries, but if I did, I’d transfer them out right away. For the same reason I wouldn’t hold assets in any other lawless country run by a tinpot dictator who weaponizes the private sector to carry out his political purge.

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Comments

Subotai Bahadur | February 20, 2022 at 9:28 pm

This x millions. Pull your money out so that they cannot seize or freeze it, AND remember that they have to meet certain reserve requirements in order to loan money. Reduce their reserves and make them call in and liquidate their profit making loans.

Subotai Bahadur

“I don’t have any assets in Canadian financial institutions or subsidiaries, but if I did, I’d transfer them out right away.”

I don’t or I would. But here’s a paraphrase which I think is relevant (and I simply can’t help myself).

“I don’t have any children in government schools, but if I did, I’d transfer them out right away.”

Another broken record from me….

This supports two opposing ideas:

– the reason to have some cash around
– the reason the Government wants to be cashless

…Control…

    MattMusson in reply to rabid wombat. | February 21, 2022 at 9:49 am

    When the EU gave all depositors a haircut to pay for their bank bailout, it killed the Euro as a trading currency. This move on a couple of hundred bank accounts will clobber Canadian banks and the looney.

We need to stop making this to be some “give and take, time will tell” politics as usual. The “evil” exists and it has been playing a long game while the majority have been self centered on “keeping up with the Jones” balanced against “Creature Comforts”, “NO! They Are Necessities !”

We (and our parents and grandparents) have failed. Change. Talk to your neighbors: “How will we support each other without becoming “killers” ?”

https://www.thegatewaypundit.com/2022/02/trudeaus-deputy-chrystia-freeland-whose-grandfather-prominent-nazi-director-world-economic-forum-says-plans-make-emergency-powers-permanent/

https://www.zerohedge.com/covid-19/wef-infiltration-rogan-redpilled-canadian-mp-cut-asking-accused-spreading-disinformation

The question is what do Canadian residents do if their banking system is no longer secure?

Cash is great, but you can’t store all your savings under your mattress, or at least you shouldn’t!

Gold andor silver bullion hidden somewhere secure perhaps?

    henrybowman in reply to George_Kaplan. | February 20, 2022 at 10:51 pm

    I get as much interest from my mattress as I do from my bank — zero, both places.

      Before you put it in your mattress, make sure you convert any gold and silver coins to paper money backed up the Fed ’cause it’s is softer to sleep on.

      alaskabob in reply to henrybowman. | February 21, 2022 at 1:08 pm

      Then they will change the currency and your stash is just paper…..that is what they did in USSR to strip people of their hoarded money and gain control .Frau Friedlund did fall far from her family tree. “Oh Canada” is sounding more like Die Fahne Hoch..

    Trudeau got ‘re-elected’ not long ago despite his proclivity to do just this sort of thing.

    So if nothing else, remember this next election and raise hell BEFORE the vote to remind your neighbors that they are the only ones that can purge govt of these progressive bustards short of armed revolt.

      Subotai Bahadur in reply to Gosport. | February 20, 2022 at 11:41 pm

      You believe that a dictator who has just claimed supreme power will allow real elections in the future. Bless Your Heart.

      Subotai Bahadur

    Subotai Bahadur in reply to George_Kaplan. | February 21, 2022 at 8:45 pm

    Get it out of the country and out of Canadian currency. Even if it gets little to no interest, it remains a store of value, preferably in a country that you might flee to. Since we are seeing Enabling Acts come into play in Canada, think like a smart German Jew should have in 1933.

    Subotai Bahadur

The second order effects of a run on Canadian banks would not be good. Many more innocent people could be hurt. Given the reported shortage of trucking resources, would truckers only taking jobs delivering goods to places other than Ottawa be instructive?

    Subotai Bahadur in reply to jb4. | February 21, 2022 at 8:48 pm

    There is no way to either protect yourself from, or fight, tyranny that leaves everybody untouched. Canada voted itself into this situation. Everybody is going to have to pay a price.

    Subotai Bahadur

Keep in mind Justin Castro consulted with Biden before he did this.

All he is doing is with Biden blessing. Have no doubt that all the Canadian dictator is doing that Biden is not currently already doing would be done in the US if he thought he could get away with it.

Also, what Justin Castro has done took weeks of planning. He had this in mind long before he actually invoked the EA.

It isn’t over. This will go on for months. It will gone on indefinitely if parliament does not put a stop to it while they can.

The ‘Red Zone’ in Ottawa is a police state under martial law. The personal financial welfare of every Canadian citizen is effectively controlled by a dictator. All he need do is say someone is on ‘The List’ and that person is financially ruined and destitute. No court order. No due process. No legal recourse. The dictator commands and the financial institutes obey.

If the Canadian parliament does not vote this down there will be no end. Not in 30 days or any time after that. The dictator will have to be removed either by popular vote — for as long as that remains possible — or by force.

I am surprised, shocked actually, that Canadian ‘law’ allows a ‘temporary’ dictatorship to rule by a simple majority vote in parliament. A sane nation would require at least 60% or 2/3.

What if I am not certain about the safety of US banks. Where do I put my money.

    Peabody in reply to Martin. | February 20, 2022 at 11:34 pm

    You can give it to me.

      JohnSmith100 in reply to Peabody. | February 21, 2022 at 11:24 am

      At least Peabody is asking, and not demanding like Dems and especially blacks. How much money has been squandered on social programs which not only accomplished nothing good, but actually harmed both recipients and society at large?

    audax in reply to Martin. | February 21, 2022 at 3:47 am

    Lichtenstein has been safe for me or decades now, and they allow for perpetual family trusts whereas most countries only allow trusts for 1 or 2 generations.

    MattMusson in reply to Martin. | February 21, 2022 at 9:51 am

    Crypto will be the big benefactor as inflation increases. And, if we actually see a period of hyperinflation, I can envision much of the economy slipping into crypto and out of the dollar.

“For the same reason I wouldn’t hold assets in any other lawless country run by a tinpot dictator who weaponizes the private sector to carry out his political purge.”

Where do you put your money when the US turns full-on fascist?

    4fun in reply to Paul. | February 20, 2022 at 10:14 pm

    https://bearingarms.com/camedwards/2021/02/17/terrible-trouble-with-trudeaus-canadian-gun-ban-n41158

    Trudeau banned more than 1,500 models of semi-automatic firearms.
    ————————————————
    And you’ve seen the jackbooted thugs in Ontario armed with their “weapons of war” that we’re told should never be on the streets, somehow it makes me think this has been planned for a while.
    Guessing truedope got wobbly at first, faked the wuflu and ran off and hid. His handlers were finally able to assure him they could quell this thing and he only had to show up.
    ——————————
    And on a couple other sites where I posted the above, the anti gun crowd started showing up applauding his confiscation. Bot or real liberal Canadians? Is there really a difference? Assuming liberals make the bots you could see that the difference would be negligible.

    texansamurai in reply to Paul. | February 21, 2022 at 7:54 am

    Where do you put your money when the US turns full-on fascist?
    _____________________________________________________

    you, sir, have asked the most important question of all

    where, indeed?

One other thing, why did the supposed conservative party agree to run off and hide for the weekend allowing truedope to consolidate his power?
Useless rino style assholes.

The Gentle Grizzly | February 20, 2022 at 10:22 pm

US depositors need to close everything out of Canadian banks.

Ottawa forgets: Canada needs the US. We don’t need Canada. I love most of Canada‘s people dearly, but they are not in a position to be doing this sort of thing. The US could cripple them overnight. And I’m not talking just the government. I’m talking to people. Take the money out of Canadian banks.

If that new car you’re ready to buy has a VIN that starts with the number 2, ask for another car.

That type of thing.

Deputy prime minister Freeland was a nasty piece of work lying and being dishonest when she was negotiating during the Trump trade negotiations. An outspoken Marxist “educated” at Harvard and behaving badly now with an ignorant & mental incompetent pro-China Biden regime.
She looks and behaves like the former Romanian dictator Nicolae Ceaușescu. I can only hope she gets her same just dues very soon.

Canadians are now informing on other Canadians who they think took part in the protest.

From a twitter post to the OPD…

Hi, I’ve submitted 8 reports so far of people I personally know who took part of this protest. All former co workers and friends, when should I expect a reply from the police and rcmp? Thanks again for your hard work, I love you all.

This is how the Gestapo operated. The actual Gestapo head count was small. They relied on a huge network of informers and on neighbors snitching on other neighbors. Often they didn’t care much if the reports were true or not before acting. Grabbing one or two people in every neighborhood was a useful ‘tool’ to use to intimidate everyone.

Freeland (photo below headline), Justin Castro’s Deputy PM in charge of his financial gulag operation, calls the ability to destroy people financially a useful ‘tool’.

This ‘tool’ is not only useful for punishing the political opposition. The ‘tool’ is ‘useful’ for intimidating the population in general

    walls in reply to JHogan. | February 20, 2022 at 11:09 pm

    The gubmint simply can’t punish people for holding a sign at a rally or giving $25. That’s just fear and intimidation. That will never fly in a court. More likely, the gubmint is building a database of potential “troublemakers”. WE are all troublemakers for posting on LI, and I am certain WE are all on some gubmint database somewhere. But what WE are doing is not illegal, either. If the gubmint wants to waste money doing this, so be it.

      daniel_ream in reply to walls. | February 20, 2022 at 11:27 pm

      The gubmint simply can’t punish people for holding a sign at a rally or giving $25. That’s just fear and intimidation. That will never fly in a court.

      Yes, it can, and yes, it will. Do not presume that the Canadian legal or political system is at all akin to the US’. We are a Westminster parliament. Parliament is the supreme law, not the Constitution or the SCOC.

        The_Mew_Cat in reply to daniel_ream. | February 22, 2022 at 10:32 am

        They can do it in the US too. All Biden needs is a convenient Emergency around Midterm time so he can lock up his opponents and use Federal troops to manage local elections they way they did during Reconstruction. The Pretext for the emergency could be a limited nuclear exchange with Russia, a Midterm Variant, Bird Flu, a fake right-wing insurrection ginned up by FBI agents, financial crash, or who knows what else. All he needs is a plausible pretext to suspend Habeas Corpus, close the courts and declare Martial Law.

      Milhouse in reply to walls. | February 21, 2022 at 7:04 pm

      Our (the USA’s) gubmint can’t. Canada’s gubmint can, if Parliament says so, and since it controls Parliament (with the NDP’s eager help), it’s sure to say so.

        stella dallas in reply to Milhouse. | February 26, 2022 at 11:37 am

        Biden seems to be doing a lot of things we never thought he could do. He’s supported by friendly judges and legislators.

    JohnSmith100 in reply to JHogan. | February 21, 2022 at 3:48 pm

    I sounds to me like public spirited people should identify this person, out them, and maybe organize party to recognize them for their true nature.

Three years ago I chose a small, well-regarded Canadian cloud/back-up company. Been delighted with their service.

Will be informing them that although I like their company, I no longer trust their government and am therefore leaving their service and moving everything to back to the States.

I’m pained to hurt this company, but I’m not leaving any of my information anywhere near the Prime Miniature and his fellow tyrants.

My point: Perhaps it’s not just having money in a Canadian financial institution that’s dangerous, it’s also having information in Canadian servers.

An awful lot of NON conservatives have said the same thing.

Even if you run a totally non-political corporation, why the fuck would you keep ANY money in a Canadian bank? There’s no benefit to match the risk. Canada is NOT a big world market.

AF_Chief_Master_Sgt | February 21, 2022 at 1:18 am

Point of fact. The culprit in the execution of this nonsense is Deputy PM Chrystia Freeland. She is a descendant of a died in the wool NAZI Party member.

One thing missing in this story and the comments is that anytime some woman are put into positions of power, they become instant dictators.

I don’t trust in many woman who are elected or appointed to positions of power. Whether it is a school board, a classroom teacher, an elected position, or appointed position. The fall back measure of some women is the high school mean girl, destroy them at any cost action.

For decades, all I heard was that if women were in charge of this, or if women were elected to that, there would be no problems, no wars, no strife, no animosity. All under the guise of women would be better at ruling than men.

Yet, all I have seen are power hungry women who, when not given their way, go on tirades of personal destruction, attacks, or screams and cries of misogyny.

Otherwise, it is a roller coaster ride of emotion.

Case in point:

Nancy Pelosi and her elitist let them eat cake freezer full of ice cream. Her flouting the COVID lockdowns by going to spas for treatment beginning almost immediately after the restrictions.

Case in point: Jen Psaki and her smarmy attitude and gaslighting as the spokesweasel for the pResident

Most teachers. Taping masks on childrens faces, locking them in rooms at school and letting other children gawk at them like monkeys in a cage.

AOC and her vacuous pronouncements as if she is some kind of genius.

Shall I say more?

    Yes. Where and how long you gon’ be hiding?

    All you’ve really done is point out that women can be as corrupt and power hungry as men.

      Rupert Smedley Hepplewhite in reply to Barry. | February 21, 2022 at 8:18 am

      I believe AFCMS’ point is: given power, women immediately hit the tyrant button whereas men usually take a little more time. I believe he is right.

    My response to people who say “If women ran the world there would be no wars.” is: Have met any women?

    The only reason I can think of for the lack of wars is we would all already be dead.

    Not a fact. Freeland’s grandfather was not a member of the Nazi Party, let alone a “dyed in the wool” one. (Died in the Wool is the title of a mystery novel by Ngaio Marsh, all of whose work I recommend.) He was a Ukranian, and thus probably ineligible for Party membership. He did collaborate with the German occupation, but so did practically all Ukranians, and why wouldn’t they? Morally the Germans were indistinguishable from the Soviets, and to the Ukranians they were better. If I were a Ukranian I’d certainly support the Germans over the Soviets.

    (Yes, he was an antisemite. That is also normal for Ukranians, who have a long history of it which owes nothing to the Nazis. To this day the Ukraine’s national hero is Bogdan Chmielnitzki, who was Hitler 300 years before Hitler.)

    True anecdote, as related by my grandfather, who was an anti-aircraft gunner in the defense of Kharkov: When the city was about to fall to the Germans, the army paid the defenders what was owed them and ordered them to each make their own way to Saratov, where they were to rejoin the army. All the Ukranians left town, changed out of their uniforms, and returned home. They had no reason to fear the Germans more than the Soviets, so why wouldn’t they? As a Jew, though, he knew that he couldn’t stay; by that time it was known what the Germans were doing to Jews who fell into their hands. Besides which, his family had already left when the bombing started. So he set off into the forest on foot, eventually did make it to Saratov, but didn’t rejoin the army.

    This is the kind of thing to expect from Democrat Women. Most Democrat women are or were members of a teachers or social workers union.

“And at least we still have real courts”

Derek Chauvin would beg to differ.

ThePrimordialOrderedPair | February 21, 2022 at 2:19 am

This is the man who admitted he “admires China’s basic dictatorship.” [WAJ note – video no longer available at link, see here] It wasn’t just a sarcastic comment – he seriously said that he admires the dictatorship because they can get things done quickly.

To be fair, democrats, here, had been mouthing those same words of admiration for China’s commies since Barky slimed into office. Barky, himself, noted how much he loved the Chinese commies and their governance.

Also, the whole of the Western world adopted the Chinese Communist standard for governance, in practice, ever since the Wuhan virus was intentionally unleashed on us by the Communist Chinese. It has been the worst time in human history – which will be borne out before it’s all over.
Trudeau is just taking the next step.

We, in the US, had led the way when we allowed the insurrectionist and, worse, nihilist riots of 2020 and didn’t do anything about either the shock troops looting and burning everything they could get to on the ground or the treasonous, nihilist government officials who aided and abetted it all.

    The Dems would do in America what Justin Castro is doing in Canada in a nanosecond if they thought they could get away with it.

    They are actively trying to do it in America by other means. By enlisting their Big Business partners in fascism, for example.

    Justin Castro’s financial gulag is the ultimate in cancel culture.

    I have felt for a long time that the best way to deal with rioters is one double tap at a time. It would greatly improve our collective gene pool The same applies to looters.

    Lethal force is most certainly justified for those assaulting and committing other acts such as starting fires.

ThePrimordialOrderedPair | February 21, 2022 at 2:22 am

If You Have Assets At Canadian Financial Institutions, You’re Nuts

At interest rates of less than 0.5%, if you have any money in a bank you are nuts. At that laughable rate the only reasons to keep money in a bank is for security and ease of access. Trudeau just showed that those two things don’t really exist, either – and not just for Canadian banks, but for the West.

No money in Canadian banks, but I might be selling stock in a Canadian company.

What is being recommended is a run on the entire financial system and a crash of the stock market. Those custodial banks are huge and where do you put your money? If that happens, there is no escape. The system shuts down. For everyone. Your money will be gone and you will own nothing. Look who is running the Fed (which essentially nationalized the banking system in 2008-9) and the Treasury (Janet Yellen). Everything is in place. Where are the oath takers?

We’re all just waiting for the “and you will be happy” part. The lesser of two evils.

If you have ten minutes, watch this speech by a Canadian Mountie assigned to protect Trudeau:

https://www.youtube.com/watch?v=tihlZjcYhGU

Let’s see if others follow him.

It’s unlikely that an American banking or securities subsidiary of a Canadian Parent Corporation (and there are many) would freeze the accounts of American Freedom Convoy supporters.

I wouldn’t trust the the American subsidiary. TD Bank announced enthusiastic support for Trudeau’s seizure order.

    Rupert Smedley Hepplewhite in reply to randian. | February 21, 2022 at 8:22 am

    We closed our account with TD yesterday.

    TD Ameritrade was bought by Schwab last year. TD still owns about 46% of the outstanding shares (biggest single shareholder) but they are an American company as far as I know. I really doubt Schwab is interested in disintegrating it’s massive asset acquisition. TD Bank in Canada is a different story.

    If this gets to America, there is nowhere to go. America has long been freedom’s one last hope when things go wrong everywhere else. We have to make sure this doesn’t happen. Crashing the stock market and forcing the Fed to shut down the banks doesn’t solve anything. The objective of the Klaus Schwab’s “Big Reset” Fourth Reich is to replace shareholder capitalism with stakeholder capitalism (a fancy new name for Nazism). That is already happen via ESG dictates which most companies are only paying lip service to. ESG is very unprofitable.

MoeHowardwasright | February 21, 2022 at 8:53 am

I have paid off every vehicle loan in the last year. Diversified into physical gold and silver. Next on the list is our motor coach lot and paying down our mortgage as fast as possible. I’m using our cash accumulation to do these things in small batches. I don’t trust our government at this point to not end up using the “social credit system”. See China.

Amerrican banks are woke too-debanking is the next step to silencing dissent and fascism after deplatforming

    What everyone seems to be missing in this discussion is that there is no safety to be found anywhere for your money. Cashing out of everything may buy us time on the way to the “you will own nothing and be happy” part but in the end, our choices will be limited to either surrender to the government or go underground with our big stashes of cash.

    The government will also recriminalize private ownership of gold and even silver and since most all of the gold and silver people own is registered, they know where to find it. So what is it really worth? How do you spend it when it is illegal? There will lots of shady characters available to help separate you from your gold. Good luck!

    Other than my BBB plan (beans, bunkers and bullets), unless we stop this in its tracks before the SHTF, there isn’t really anything we can do and I don’t know how to invest for communism or Nazism. If we fail to stop this, our investments will go to zero and cash, gold and silver will be worthless anyway. We’re screwed. But if we succeed, we missed out the best investment opportunity we could ever hope for. The best time to invest is when there is blood on “the street”.

    So I’m hanging in there… for now at least. Unless someone comes up with an idea that makes sense. This isn’t the 1929 stock market crash. This is the shutting down of capitalism as was Klaus Schwab declared in 1971 when he organized the World Economic Council. It’s not a conspiracy theory anymore. We are living it.

These bank executives must think that they will be “taken care of” after their utility (destroy the financial system) is accomplished. They will be right except for the definition.

We need to pass anti-Debanking regulations because our financial institutions are woke and have already started debanking the (only right wing) fringes and will be closing in more and more over time.

    JHogan in reply to Danny. | February 21, 2022 at 11:07 am

    Good luck getting the GOPe and RINOs to go along with that.

      Danny in reply to JHogan. | February 21, 2022 at 11:28 am

      This isn’t about establishment non-establishment this is about are you up in arms about “Big government” or are you willing to use the power granted by voters and use the government.

      Lots of “MUH BIG GOVERNMENT PEOPLE” use the term squish the term has lost all meaning.

Our routine banking operations, a couple of checking accounts and credit cards, are through a locally owned regional bank. The higher-dollar accounts are with a locally owned credit union. I’m thinking seriously about moving accounts away from the bank and into the credit union.

This is scary.
.

I guess if you’re a Canadian and all your financial accounts are frozen, you won’t be able to pay your taxes.

And then you’ll be jailed for that, presumably?

    or your mortgage (2008 2009 ring a bell?). more importantly if you are working you will figure out another payment method and many others will do a run on the banks.

Will we see a true run on the Canadian banks? Thankfully I have nothing in any Canadian institution, and wouldn’t even consider it with those dictators in charge–there also needs to be a demand from pensions, etc to withdraw from or divest from any investments in Canada

Mr. Jacobson, you [wrongly] state, “And at least we still have real courts…”

Tell it to the people rounded up after the Jan. 6 protest.

We don’t really have real courts.

    The_Mew_Cat in reply to Michael. | February 22, 2022 at 10:41 am

    Our courts could flip control in a heartbeat. Suppose a “Midterm Variant” emerges conveniently before election time, and not only gives Biden’s puppeteers a pretext for suspension of Habeas and Martial Law, but also takes out a couple of the conservative Justices.

In 2009 we learned precisely how many “little people” it takes miss a few mortgage payments before the economy collapses.

So by all means, go ahead and start turning those screws.

sorry – 2008 and 2009

Since our genial host has opened this line of inquiry with this post, I would suggest a fuller post exploring these questions is urgently needed.

Lots of us have significant investments set aside for our retirements. Can the government simply seize them if we attend a political rally or make a donation? My non-expert answer would be, no, because there are both laws and provisions in the Constitution to protect Americans from such depredations; however, as confidence in institutions erodes, I am asking the question, and I’m guessing lots of others are, too.

I really don’t want to have to store physical assets (silver or gold) in a vault somewhere, and anyway, if cash and investments can be seized, why not contents of safety deposit boxes? So am I supposed to keep my nest egg literally buried somewhere? Not a very practical solution. Overseas? Right: because the U.S. government can’t or won’t muscle Lichtenstein?

This isn’t just a personal-security issue, it’s a national-economic-security issue. What happens to a country when capital flows out? I mean not only out of the country, but also out of places where it can be more usefully employed.

So, Mr. Jacobsen, I’d be very grateful for some further exploration of this topic in the context of American law. Thanks!

    CommoChief in reply to Septimus. | February 21, 2022 at 7:25 pm

    Spend some of the nest egg today. Stock your pantry. Figure out an alternate source of water; depending on your location it could be a well, a cistern, a pool, a pond. Get some level of off grid power. Switch some appliances to propane and get the biggest tank you can afford. Invest in some basic self defense classes and firearms/training if you are comfortable in doing so. Get a couple of smaller safes for docs, passport, a few months of expenses cash on hand, maybe precious metals. Take up a small garden project, get bigger as you go on, plant some fruit/nut/berries.

    In other words spend some of the funds on practical, bird in the hand assets that you control. In addition keep assets local if possible; avoid money center banks by using a credit union or smaller local bank. Keep balances low by spreading out deposits among banks and accounts. When Greece grabbed financial assets from banks they hit by account deposit level not total deposit in the institution. Smaller deposit accounts were less impacted.

    Loss of faith in a fiat currency system is …not a positive situation. It’s potentially catastrophic. The good news and bad news is you can’t as an individual do jack to prevent it. What you can do is mitigate the expected impacts of that catastrophe; food, water, shelter and some amount of power and tradable assets on hand.

Anyone know how to open a Swiss bank account?

Asking for a friend.

That smirk on Freeland’s face reveals a feeling of great joy stealing her fellow citizens property. Hopefully, it happens to her someday and we get to see the smug look turn to tears. What a beast!

How much smug are the Canadians going to put up to bail me out? It’s going to take a lot of smug.

https://www.bbc.com/travel/article/20210405-how-china-saved-more-than-20000-jews-during-ww2

The Japanese saved something like 100k Jews. The German propaganda had the opposite effect in Japan. The Japanese were like, these are magical creatures. Go ahead. I want to be proven wrong. Maybe it wasn’t 100 thousand.