“MEGALOMANIAC LEADERS’ PLANS BACKFIRING SEEMS TO BE BECOMING A THEME THIS WEEK: Did Trudeau Create a Dangerous Run on Canadian Banks by Freezing Protesters’ Bank Accounts?”
Progressives never WILLINGLY take history into context when it comes to the meanings of words. After all, take the Second Amendment and look at its construction:
“A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.”
“Regulated” – the current crop of Civilian Disarmament Corp truly believes that their current definition is correct. They refuse to acknowledge that the original intent of “regulated” was not that of “lay on lots of Law and regulation” on top of any of a militia’s activities or armaments. Instead, the common definition and intent at its writing were “in good working order” (like the Regulator Clock Company in which the clock mechanisms are well regulated in doing their assigned function – tell time).
Let’s return to the Consent of the Governed. From the Declaration of Independence:
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed . . .”
That was a radical idea back then – Government was by “The Right of Kings”, those being ruled had little to no say in HOW they were governed nor WHY that HOW was happening. It “just was” until our Founding Fathers had this insight – that those being Governed had the final say and if THEY weren’t happy, then the Ruling Class was going to have a heartburn nightmare. Or worse (as the French aristocrats found out during the Reign of Terror).
But before exploring that briefly, here’s a more concrete example from Totalitarian Northland (emphasis mine):
According to the Canadian financial blog Armstrong Economics, the emergency powers activated by Justin Trudeau to cripple the trucker protests have sparked panic among citizens, which could lead to a devastating financial crisis. On Feb. 14, Trudeau enacted the Emergencies Act, which enabled Canadian banks to freeze the assets of anyone who donated to protests against the vaccine mandates — without due process or any court action.
Trudeau then ordered the banks to unfreeze the accounts after the protesters had been cleared away. But what is reported to have happened after that is being ignored by the corporate press. Armstrong Economics says there was a stunning run on banks across Canada, as scared citizens are withdrawing their life savings and transferring it to foreign banks in the United States and elsewhere.
Personal anecdotes responding to the Twitter thread below also show that Canadians are having trouble removing their money from the banks, and that the feeling at the banks is very strange. One user said, “The bank TD; told me to come back Monday, my Daily cash withdrawal was denied Friday. I have taken out larger amounts everyday.” Another said, “It is absolutely true. The lines were out the doors and a bank teller told me at one branch not to visit a specific branch because they had run out of funds that day. It’s very real. The energy inside the bank was clearly not good.”
Consent? When you put your money into a bank, you expect to get it back. You know that they will use that money in making more money in which to pay their bills, make a profit – and give a bit back to you in the form of interest paid to your account. You EXPECT that and you consent to the use of your funds in that fashion – and especially that you can get your money back upon demand.
YOUR demand and not just when the bank deigns to give you some.
Consent – for someone to give assent, they have to Trust those to whom they are giving that consent. Another snippet from that Instapundit post that really points that out:
Even more than the rest of society, the banking system depends on trust. Break that trust and you break that system. People used to know that, but our leaders today are both much more feckless, and much, much dumber, than those of the past.
It is well known that Trust in American institutions across the spectrum has been dropping like a rock. The example that when the Canadian banks decided to become active surrogates in carrying out what Socialist Canadian Premier Justin Trudeau decreed is not surprising. People expected the banks to protect their money. They didn’t – they laid down like lapdogs and looked with plaintive eyes towards the government for that next little pat on the head. Anything for that next affirmative rub of their bellies.
And now they are reaping the rewards of becoming an unofficial part of Government – and how’s that working out for them now?
They forgot who they served, didn’t they? They forgot that they were in the Private Sector and serving private people. This, however, showed what happens when businesses lose their way. Will those banks lose everything? I have no idea but it is clear that these banks have taken leave of their senses in NOT thinking through the ramifications of gleefully following orders – without considering the potential (and now, actual) ramifications.
Their customers are leaving. They no longer Trust them to do the right thing. They no longer believe that banks will “play by the rules that the customers expected them to play by”.
Most of us watched in horror when the Truckers came to Ottawa and their Government called them (like ours) Extremists and Domestic Terrorists. Simply for making their dissent known. Government had many ways of dealing with it with the easiest being for Trudeau actually going out and talking with them to understand them and see how their demands of stopping the Vax and mask mandates.
Instead, Trudeau did what Socialists do – go against the Government and your roof will fall in. Trudeau arrested them, froze their bank accounts, and confiscated their trucks (and took their source of income and family support away). He went to Volume 11 right off. Then he included that same punishment to those who merely supported them.
Do you think all those folks now Trust their Government? I think not.
It would have continued except that the Canadian Senators gave Trudeau such a hard time that he gave up and revoked the Emergency Act and unfroze the accounts (the cars and trucks remain confiscated).
It hasn’t brought down the Trudeau government – yet. I’m sure that there is a segment of the Canadian population that is all in with what the truckers did – upset the “wa” (as the Japanese hold; “harmony – peaceful unity and conformity within a social group in which members prefer the continuation of a harmonious community over their personal interests“). But what about everyone else?
And what about those that now see banks as mere extensions of Government? Now they not only do not Trust the banks but the Government who made them do this is my thought.
And when you no longer have the Consent of the Government, how long will a Government stand?
Are we close to this point here in the States? I hear many now using that phrase – FAR more than what I have in years past. Part of that is that, at least here in NH, people are going back to our nation’s foundational materials. They not only believe it, but they are also living it. They take it seriously – far more than most politicians I know.
Politicians – continue that at your peril.
(H/T: Instapundit)
