Guest Post by Martin Armstrong
The Canadian banking system is set to be radicalized by open banking framework. Proponents are framing this as a way for banks to easily share information and access user data. The truth of the matter is that this is an opportunity to merge social standings with banking to provide government complete control over our finances.
The organization Open Banking Excellence, a World Bank partner that originated in the UK, claims that it will host all of a bank’s relevant needs in one place. The organization, which has reached 40 countries, aims to “create exceptional platforms and content that promotes knowledge sharing, new thinking and partnerships within the industry – catalysing the adoption of Open Finance and Data for better financial inclusion worldwide.”
“It’s about having that fairer, more inclusive, more open society,” said Helen Child, founder of Open Banking Excellence. Open Society, well, that does sound familiar. Why is there a need for inclusivity and fairness in banking when it should come down to numbers? “It drives financial inclusion,” she added, “It’s democratizing data.”
Data. That will be worth more than gold as we move forward with a cashless society. There is no easier way to control the masses than to control their access to money, their ability to buy, trade, and freely move about. The Canadian Press outlined the true motive in plain sight: “One of the biggest areas of growth is in credit assessments. Under open banking, lenders could directly access an individual’s banking data, so they can look beyond credit scores. Consumers can also use it to build their credit scores, for example, by proving reliable rent payments.”
Looking beyond credit scores equates to determining if a person is fit to participate in the global economy based on their personal views. Look at what happened to Nigel Farage. He never committed a crime or did anything to warrant what many have called the “Farage fiasco.” Nigel was suddenly debanked by Coutts and was unable to access any of his checking or savings accounts. His credit cards were deactivated. He was unable to participate in society without a moment’s notice.
Farage did his due diligence and found that there were countless people who experienced the same financial attack carried out by the banks on behalf of the government.
This is a widespread phenomenon. We saw it happening commonly during COVID lockdowns, where users were not permitted to access places if their digital COVID passports failed. In China, when banks were facing a liquidity crisis, the CCP simply denied depositors the right to access their money and blocked them from physically accessing their banks. The government successfully prevented a bank run. We saw a few celebrities debanked from the system for voicing unpopular opinions without any legal proceedings or crimes committed.
Canada is one of many nations hoping to use unofficial social scores to control the masses. All of these actions are setting the stage for how CBDC will operate, a collective network containing everyone’s personal data and accounts. Governments have already begun debanking individuals and these steps will make it increasingly easier to force the masses to bow down and relinquish all control to the almighty government.
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More fair and inclusive means you will get fucked by it. How long before the banks start fining or taxing you and steal your money if your social credit score is to low?
About three years.
Or sometime around January 21, 2025.
The talmudic rabbinate is rubbing their hands with glee. “Finally!”
They slaughter the jewps just like anyone else.
Only use cash dollar bill for your purchases.
If they ban cash you can use beaver pelts. They have a lot of beaver up in Canada!
Rodents not the other kind.
Oh. They got the other kind. They got quite the porn industry up there.
Hmmmm…..,use the last of cash in bank to buy gasoline,use said gas to burn the banks/offices in charge nonsense and folks who help engage this nonsense their homes.
Why destroy infrastructure you need and use?
Banking is data.
Destroy the comms cables the banks use.
That is a death shot.
Use Schwarzkopf’s strategy against Iraq army: “First, we are going to cut it off, then kill it.”
Banks heartbeat is information.
Cutting their data lines is a deathblow.
Supposedly.
Mind you, this is all merely hyperbolic speech.
If I thought they’d point them in the right direction I’d send every one of my blunderbuss’ up there. It’s reasonable to think of the Canadian normies as the canary in the coal mine. If they don’t rise up and draw blood very soon they’re toast. To my eye there’s not much difference between them and what’s left of the old demographic in the U.S.
If you can smuggle stuff across the Detroit River one way, you can smuggle stuff across the opposite direction as well.
Go t0 upstate New York and get the help of the Mohawk kid who ran pot down from Canada and American cigarettes back up there on the return trip-of course it will cost you for his services. He got away with it for quite a few years. Being on the Mohawk reservation, he set up an industrial building for his mother to turn Virginia tobacco into cigarettes as a legitimate business. What wasn’t so legitimate was illicitly exporting them to Canada for massive profit. He used the St. Lawrence river adjacent to the reservation as his highway-the reservation gave him cover from all but the Tribal Police. He had fast jet skis for summer use and faster yet snowmobiles for winter use. It took the feds a couple years to figure out how to nab the guy and not lose in court. Forget the title of the book, but was a good read. He started out as a 13 year old punk who figured out what was going on and approached the kingpin to let him make some runs-after some time the kingpin finally gave in and in a couple years the punk took over.
Can anyone say “disparate impact”? Average credit score by race: Asian 745, White 734, Hispanish 701, Black 677.
https://www.investopedia.com/average-credit-scores-by-race-5214521
Average IQ by race Oriental 106, White 103, Latino 89 & black 85. Cohencidence?
Gonna be fun digging up and cutting cables.
Banks “You can only do business if we say so.:
Me with cable cutters and shovel “Fuck You!”
Banks “Oh yeah?”
Me “Yeah.”
Banks “No money for you.”
Me “No power or comms for you.”
After cutting cables.
Banks “?”
Timepass.
Banks approach me”Do you know anyone who can fix cables?”
The main underwater sea fiber optic cables are totally vulnerable when they approach land.
I heard.
Maybe some Russian trawler, flagged in Ceylon will drag an anchor or such across a few of them.
There’s also the Chunnel
“Oops we accidentally dropped our Hyperanchor on your chunnel.”
And I thought the Chunnel was what Kamala Harris calls her hoohoo.
That’s semi-private unlike her mouth.
You must’ve meant Fani???
If we weren’t so f’d up here we ought to invade and liberate Canada. Castreau sucks the worst of all these G-7 asshats.
All free Canadian citizens should immediately withdraw their money from any fascist banks participating in this nonsense. Bankrupt the entire system.
With the fractional reserve banking system good luck getting your money. They don’t have it. The elites scam lives and breathes at your peril.
To be correct, it is NOT “your” money any longer once you give it to them-they then have legal right to it while you merely have an notational entry in their system (it used to be called a “bank book”). If they choose, they can give you money when you request a withdrawal or alternatively they can refuse your withdrawal request-either outcome is acceptable to banking regulators. The house of cards will start collapsing on the first day of a bank run; by the morning of the 2nd day the bank will be locked down with windows and doors boarded up and guards out on the sidewalk. In a flash your opportunity to withdraw cash will be gone. Do as others here have stated: do not keep any more money in a bank than you can afford to lose. And yes, fractional reserve banking will serve to accelerate the time in which all this happens. If will be lightning fast when it happens.
It’s unfortunate the Canadians don’t have any actual rights. Not much they can do against Castro’s government at this point, being pretty much disarmed as well.
Lessons for others in this at the very least.