The short answer? YES!
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I hope they are in trouble, it would serve them right.
On the other hand if the whole Western world joines in the tyranny where are we going to go?
I think we are seeing the start of banking system bullying, sanctions, commercial cancel culture, and the rise of digital currency regulations. Unstable and it will be interesting to see what survives.
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Hi Mike,
I’m one of those who thinks globalists want an unstable banking system, as aurajenn stated, as an excuse for digital reasons. I think US will go that way shortly and urge people to remove as much fiat as possible. At least you’ll be holding it.
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The so called elites do like to warn us in their own weird way. Somewhere, I don’t remember where or how long ago, I read the real maximum coverage for individual deposits was only $4,000.
“Deposits under $100,000 appear to be covered by CDIC insurance but anything above, personal or business, will be fair game for the bail-in.”
Note the words “appear” and “business”. If anyone thinks this includes the big boys, I’ve got a bridge I can sell you. Pandemics, a great way to grow a nations debt and…?
From another article: “Now, the CDIC insures over $800 billion in deposits, with a coverage limit of $100,000 for each deposit category, per CDIC member.”
So, think about this. A bank goes under and has deposits belonging to a number of very large corporations totalling $800 billion. Where’s your reimbursement going to come from? Pennies on the dollar for the big boys and diddly squat for the rest of us.
“Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments recently. Since 2007/08, combined federal and provincial net debt (inflation adjusted) has doubled from $1.0 trillion to a projected $2.0 trillion in 2020/21.
In 2020/21, combined federal and provincial net debt is expected to equal 91.6% of the Canadian
economy, up from 65.2% last year.”
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Same or similar plan brewing for USA.
I was thinking the same thing. In spite of what it looks like, I do not believe WEF handler Frau Freeland would have allowed our ‘Canadian Ceaușescu’ to invoke the Emergencies Act in the first place without some globalist method behind the madness. A lot of people are saying the Canadian Senate (Ottawa’s department of second thought) sent a message to the house that maybe, just maybe, they weren’t going to play along; but I’m not entirely convinced of that.
Canadian banks have for decades been lauded as a ‘safe haven’ for banking and investing. Not anymore. There are a ton of ‘alt’ non-mainstream investing sites now recommending that people pull everything out of Canadian banks, and Canadian brokerages. Like, immediately.
What do you do if you want to undermine the whole financial system, and then have everyone point their fingers at somebody else (and then come up with the miracle solution)? The current system and the fiat currency it employs only exists and thrives if people believe it is safe.
Just some random thoughts…
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Right now, the only thing that most people can do is hold useless fiat in-hand, rather than have it “reduced” when banks crash, then, come back up, with people finding half or all their cash gone.
I’ll take it a step further & say it’s very possible that Putin gets blamed for a cyber attack on US banks, taking them down & voila… You know the rest.