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

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.

Tags: Canada, Canadian Freedom Convoy 2022, Cryptocurrency, Justin Trudeau

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