Currently, something is going on with the banks in Canada – what is it?
We reported earlier this week that the government in Canada announced that they will be taking the assets of individuals backing the trucker protests in the country.
On Monday Canada’s Deputy Prime Minister said the government was taking action to freeze bank accounts of protesting truckers and their supporters.
The Canadian government has warned that it will freeze the bank accounts and suspend the vehicle insurance of truckers who continue to form blockades in protest of vaccine mandates, as the country declares a national emergency to quell the resulting gridlock.
“This is about following the money. This is about stopping the financing of these illegal blockades,” said Canadian Deputy Prime Minister Chrystia Freeland at a press conference on Monday.
“We are today serving notice if your truck is being used in these illegal blockades, your corporate accounts will be frozen. The insurance on your vehicle will be suspended,” she continued, adding at another point in the conference that personal financial accounts would be included in the order.
TGP reported last night and provided evidence that she was an admirer of George Soros and her grandfather was a Nazi under Hitler.
Now tonight reports coming on of Canada show that there is something going on with the banks. It looks like a run on the banks.
What the hell is happening to Canada’s banks right now? pic.twitter.com/NRjPWlG0GE
— James Melville (@JamesMelville) February 16, 2022
This ‘run’ may be related to the state’s actions according to some guesses.
Bank run starting 😜. If you threaten to take people’s money a lot of them get worried and take their money out. Banks don’t like seeing a lot of money go out, so they ‘go down’ to stop the run. Only <2% of the money is paper and coins, the rest is just digits on a screen.
— Jabba (@JamesAB999) February 16, 2022
RBC reported that things should be ok by now.
I got the same response. I was hung up on when I tried to call customer service.
— itsmace_ (@ThizzWashington) February 16, 2022
We really don’t know what was the cause or what is really going on at this time. We will update as more information is provided.