Bank Run in Canada?
Canadian markets and banks are looking to crumble before the weekend begins.
A Bank Run is not the first to happen; it is when everyone starts to withdraw their money simultaneously in the moments of a market collapse or government tyranny. That is when people begin to realize that banks do not entirely hold everyone’s money because they lend it out with interest. Insert the dilemma of fractional reserve banking;
It is a system of banking operating in nearly all countries around the globe. The banks take the deposits from the public and are required to hold a portion of set liabilities in liquid as a reserve and lend the remainder to borrowers.
It causes distrust from the citizens in the economic market system of Canada. They no longer believe the same fallacies occurring in the markets today of the US. Especially, Inflation:
A famous bank run has occurred in the United States during the Great Depression and the 08-09 Financial Crisis. In which the Federal Deposit Insurance was instated in 1933. The FED and Government would pass bills to replenish the funds dried up in the Federal Deposit, and Banks get away with doing the same old Fractional Reserve Banking.
Click the link to learn more about Bank Run.
All of this is to blame on the dictatorship-like actions from PM (Prime Minister) Trudeau in which, without court approval of freezing bank funds from citizens and placed on “terrorist” watch.
It is getting WORSE . . . CLICK
Labeling Truckers as "terrorists."
Any form of targeting a group of people is oppressive and a dictator.
Now a funny tweet by Anthony Pompliano.
I met him last year at a Bitcoin meet-up.
I had to post this as soon as possible to send out alerts and information about what is happening outside of the United States that may occur inside of the States.