Leftists Want To Control Your Money So They Can Control YouAll of the convenience of moving money around effortlessly comes at the cost of losing control over it.
By Kyle Sammin
February 23, 2022
Last week, Canadian Prime Minister Justin Trudeau announced the suspension of Canadians’ rights last week in his invocation of the Emergencies Act to stop the Freedom Convoy protests in Ottawa and elsewhere. Among the restrictions announced are greater controls over the online crowdfunding sites that help to fund the protesters and attempts to control the flow of cryptocurrencies like Bitcoin.
According to news reports, “credit card processors and fund-raising services will be required to report any blockade-related campaigns to Canada’s anti-money laundering agency.” Canadian banks quickly fell in line with the decrees, with Toronto-Dominion Bank freezing two personal bank accounts containing C$1.4 million ($1.1 million) they said was intended to support the truckers.
It bears a striking resemblance to the Biden administration’s recent efforts to intensely monitor what goes in and out of Americans’ bank accounts. The president’s expected announcement this week of an executive order to explore greater regulation of cryptocurrency is likewise an attempt to stick the state’s nose ever deeper into the average citizen’s business.
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How Goverment Uses Control of Your Money to Control YouThese digital transfers feel, to most of us, like magic. A volley of ones and zeros flies through the cybernetic ether and — poof! — your electric bill is paid. But in truth, the data is routed through banks, and there are fewer of them all the time. Those remaining, many-times-merged financial giants that handle our affairs are, for all their clout and power, susceptible to government pressure.
We have seen it already when the Obama administration leaned on banks to refuse to deal with people involved in marijuana or the sex trade, even where those businesses were legal at the local level. No federal law gave them this power: the threat was enough. And where people keep money in cash, the government often finds a way to take it without even bothering to charge the owners with a crime.
Trudeau’s emergency measures take advantage of these pressure points and lean on banks to choke off the complete flow of money to and from those he deems enemies of the state. No charges, no trial, just shutting it down. Now Trudeau’s government wants to make these “temporary” measures permanent. The slippery slope is usually not so steep, but these are strange times.
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Source:
https://thefederalist.com/2022/02/23/leftists-want-to-control-your-money-so-they-can-control-you/
