I started seeing rumblings of Canadian banks going offline late yesterday. This morning I saw a report from Wayne Dupree on the matter which included the following:
“Something is happening with Canada’s banks. The website problems are only a symptom of something much larger. Today a friend reported that about noon he tried to withdraw $4000 cash from his Etobicoke (Toronto) CIBC branch – to be told there is a $1000 daily limit per customer.”
and:
“Bank teller at @TD_Canada told me they ran out of cash yesterday from everyone leaving. I was one of them.”
I cannot overstate the problem this causes.
Let's say that only 1 million Canadians support the truckers and ONLY those persons are withdrawing money. Say they all take out 10 dollars. Banks would have to cough up $10 milllion. Many branches simply do not have that amount of money on hand. Particularly when you consider that money is spread out around branches.
Consider then if each person wants $100. Well that's $100 million the banks have to part with. You do realize that just because your account says you have say 10,000 in the bank, it does not mean they HAVE 10,000 at the particular branch (ask me how I know).
So $1,000 per customer and again only assuming 1 million customers, you have $1 billlion being removed from banks.
The more zeros the bigger the problem.
Trudeau being the WEF agent communist that he is, can't see past his own biases and narrative and see that his emergency power and declaring lawful financial transactions as terrorism could cripple his country. After all you cannot compel anyone to put money in a bank. People put money in the bank because they expect it to be safe (relative to in your home which may be burglarized or burn to the ground). When the government announces that it can and will seize the financial assets of individuals, without any due process, simply because they financially supported a movement the government up and declared to be "unlawful" (again without any sort of due process), banks look worse than mattresses.
I wrote a post on "due process" back in 2019, which seems to have been prescient, that I'll quote below:
"Another way "due process" becomes an "illusions" is by creeping criminalization. The entire concept of "hate speech" runs against the 1st amendment. Yet we have the department of homeland security calling the owner of a private business in for questioning because the El Paso shooter allegedly posted his manifesto to a site hosted by or that does business with Cloudflare.
How did this even get past the agency lawyers? Whether the shooter's manifesto was posted to the site or not, it is still protected speech. The government has absolutely no business in calling in citizens to question them about their or other's speech.
So perhaps I'm late to the party but it seems that the idea of "due process" isn't really what we think it is. After all, if courts can rule that "shall not be infringed" or "shall not be abridged" means they can infringe and abridge, then there really is no "due process" worth believing in."
It seems to be the case now that all across the so called "democratic West" the idea of due process is whatever the officials say it is. Americans and Canadians are getting a good dose of Communism right now:
High inflation
Insecure "rights"
State seizure of assets
There may still be time to vote and protest yourselves out of this but that window is closing fast.