[video:youtube]https://waynedupree.com/2022/02/canada-bank-problems/[/video]

Banks are not going to let customers withdraw any real significant part of their monies. It's yours, they have it & you can't get it.

MM

What did anyone expect? This is what dictators do. We have one too you know.

Hint.

Yes, and I'd like to know who he really is.

I just called my bank to get the skinny on the procedure to remove large amounts of money.

I got alot of stuttering and then they finally read me the position of the bank, and what the emergency act entailed, I then informed them, how could they know what the act said, when my member of Parliament is in debate right now in the house of commons, and he doesn't know what the act says.

I then had to inform them that I didn't call to know their position, I just wanted to know the procedure to withdraw a large sum of loot. Yes, there is something happening. The lady was spitting angry with me and said it would take 2 weeks to get the cash in my hands.

This bonehead move could begin the collapse of fiat monetary systems.

Educate me, I know nothing.....why would a run on the banks in Canada cause that?

Banks only have a small portion of the money people deposit with them available for customer withdrawals. Most of it (90% or more) is loaned back out to borrowers. As a matter of fact, the amount they loan out is typically multiples of the amount they have on deposit.

So, you pull $10K out of the bank, the reserve requirements would force them to get a multiple of that from the accounts they loaned out....... but those people don't have any money.

Very quickly a run like this can collapse a bank without government intervention.

If people run on the banks and then lose faith in the currency, they will use other things.

Thank you, got it now.

673
Withdraw a large sum, then spend it. the person you paid with it cannot put it back without raising an alarm. Remember, the currency has value because of the stability and good will of the government.
A barter system would gave to replace it, or at least precious metals. A good basis for a monetary unit would be a .22 cartridge.

It will not take much to descend into war lords and gangs. Most of us are not affiliated with a militia, clan, gang, and are not in proxinity to the few willing and able leaders, or even necessarily to good neighbors. Only a fool would think he can stand alone

When you mention money Dutch, it's not even cash.
I'm not even sure at this point if all our money is even backed
by paper. So much is electronic.

Paychecks are direct deposited.
Businesses are paid by bank or credit card. That goes to the bank
account. But as 0s and 1s.
Loans are made from deposits, and money borrowed from the Fed.
Loan payments made electronically.

Absolutely none of this money, is actually money in the bank.
Banks have very little cash on hand, they dont need it now.

About the only cash that comes in, is from daily cash deposits from
Businesses, and from the armored car that delivers cash.

They don't even turn around a lot of the cash.
Remember the change shortage?
Many banks ship incoming coins out to a counter/sorter. Ie. That truck.
The get change in, in plastic rolls in boxes.


If people with a few thou$and started wanting their cash, the banks would
be out in hours. News of that a one bank would spawn people to rush
to their bank.

Everyone remember the toilet paper shortage?
Now imagine it folks can't get their money.
Happened in the Depression, was ugly.
Backthen money was money.
There wasn't electronic dollars that never physically existed.

Good God man, quit using that idiotic twig word.

Soros

without google fiat has to be cash.

That was a planned move.

depends on where you are. Alone in rural USA could work pretty well.

It obviously won't be totally alone as distant neighbors are all on the same side.

But even gangs and warlords know not to mess with country folks. The first ones that do will be made an example of if they can even be found again.

A run on the banks could be interesting, at some point Castro has to go before chit really gets bad.

https://www.tiktok.com/@butterfly42o/video/7065349693890465030

Coming to Twirlers and Jell0s Amerka.

Dont worry, be happy.

As WadeinBrown Schietts and Gayghosts man, Klaus Schwab said, we will own everything and you will like it.

Breaking News: AOC and Maxine Waters announce sweeping new socialist policies directly targeting retirement accounts! Experts warn of complete collapse of American retirement accounts should it pass! Call now to stop AOC and Maxine Waters (833) 900-0902

If he were to resign, everything would be great again, probably,,,, if he were to just drop the mandates, we could just hang on until an election was called, I think that would be immediately.

How can anyone trust the government or banks if your money can be seized for donating 20 bucks...100bucks, or $10,000?
to a freedom convoy.

There's no trust in .gov
There's no trust in media
There's no trust in banks
There's no trust in the healthcare industry.

Dems ruin everything they touch.

EVERYTHING

Can you blame Canadians for not trusting banks that can steal your money at the order of a little tyrant? During the Great Depression, millions of people withdrew everything they could all at once due to mistrust, and it crashed the system. Only the ones that got there first were able to get any decent amount out before everything shut down. This sure smells a bit like the same type rush on cash.

You got an Amen on that brother.

And it’s not an accident !

He could stop it right now by retracting his statement about freezing people's funds.

What did that really stupid, ignorant, non-financial background POS (along with his female Minister of Finance) really think that people would do when threatened as he's threatened? Did he really think that they would do nothing to attempt to salvage their lives?

If I were him, I think I'd be in a deep bunker right about now.

MM

When you try to bully, and fail, you have intimidated yourself.

I'd say the plan is going perfectly.

I say we get a bet going. What country is gonna have a civil war first? America or Canada

I don’t think America is to that point. If I had to pick today it would be Canada.