News/Commentary

‘What the hell is happening?’ Canadian banks reportedly feel the heat after freezing of accounts

February 17, 2022 | | Print Article

In a move that would make Fonzi blush, Canadian Prime Minister Justin Trudeau has jumped the proverbial shark, invoking the Emergencies Act and directing financial institutions to cut off anyone who supported the Freedom Convoy truckers.

 

The Emergency Economic Measures Order, published Tuesday, essentially requires all financial entities — including, according to Canada’s CBC, banks, credit unions, cryptocurrency platforms, trusts, co-ops, and loan companies — to spy on account holders and “determine on a continuing basis whether they are in possession or control of property that is owned, held or controlled by or on behalf of a designated person.”

And what gets a person “designated”?

A designated person is “any individual or entity that is engaged, directly or indirectly, in any activity prohibited in sections 2 to 5 of the Emergency Measures Regulations.”

And under sections 2 to 5, we learn that prohibited activities include:

  • Participating “in a public assembly that may reasonably be expected to lead to a breach of the peace”;
  • Causing “a person under the age of eighteen years to participate in an assembly”;
  • Entering Canada as a foreign national “with the intent to participate in or facilitate an assembly”
  • Traveling “to or within an area where an assembly… is taking place”;
  • Directly or indirectly using, collecting, providing, making available, or inviting “a person to provide property to facilitate or participate in any assembly referred to in subsection 2(1) or for the purpose of benefiting any person who is facilitating or participating in such an activity.”

In other words, if you didn’t realize a bunch of flag-waving people peacefully protesting government overreach could result in a breach of peace, your finances can be frozen.

If you put your baby in a stroller and stood with the protestors, your finances can be frozen.

And if you dared to offer the freezing truckers food, gas, or help with legal fees, your finances can be frozen.

You have joined the designated.

“The government is also ordering insurance companies to suspend policies on vehicles that are part of an unlawful ‘public assembly,'” writes CBC.

So all those truckers? They aren’t going to be able to get the insurance they must carry to be employed. For their insolence, the Canadian government now has the power to crush their careers and destroy their livelihoods.

“Those authorities are now in force and they’re being used, Public Safety Minister Marco Mendicino said. “It’s incredibly important that we follow the money.”

Follow it straight back, for example, to a grandma who donated 20 bucks to the truckers because she doesn’t believe the government has the right to force its citizens to be injected with something they do not want.

It’s a thought that sent a chill, colder than any Canadian blizzard, down the spines of many, and now, Canadian banks are feeling the heat.

It seems Canadians are taking a page from a Capra film and pulling their money out of the weaponized institutions.

“This is literal madness,” tweeted Greg Price. “Is this still a free country?”

And the Canadian government didn’t waste any time flexing its newly empowered muscles.

Thursday, officials seized34 cryptocurrency wallets for their ties to the Freedom Convoy.

The measures may backfire on Trudeau, whose handling of the Freedom Convoy has earned him just 16% of Canadian’s approval, according to a new poll.

“The last time I’ve seen numbers even close to this were in the final days of Brian Mulroney,” John Wright, executive vice-president of Maru Public Opinion, told the National Post. “I think this could cost him his job.”

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Melissa Fine
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