Info Request What banks?

Smedley

Smedley

Member
In 2022 when bank accounts were frozen for participating or supporting the trucker convoy, which banks / credit unions / other financial institutions participated?

All I can come up with conclusively is TD... but I know others locked down too.

The answer is probably all the big 5 certainly participated, and certain credit unions probably did too if they were contacted by the RCMP, but I would just like a reminder of where to never keep my money.

With the recent reminder video that banks might limit how much you can withdrawal, especially in cash, I have been signing up for bank accounts all over the place.... the idea is that aside from my cash reserves, if I needed to I could attend multiple ATMs in a day and thanks to higher limits on EMTs could take out a substantial amount in a day if needed.

The other reason I am collecting bank accounts is that back when I used to live overseas, ATMs were hit or miss if they'd work or not. PC Financial (now Simplii) didn't work anywhere. My credit union card back then worked mostly... i.e. it worked at the big banks in Indonesia like BCA, but not the more minor Indonesian/Thai/Malaysian banks. There were times I had to taxi 50km or more just to find an ATM that worked, but that was 20 years ago.

I.e.... I have a daily limit of $10k out via EMT with Wealth Simple. I can take $1000 from Simply, $1500 from BMO (free account for veterans), $1200 from Tangerine, plus whatever they give at the branch from BMO, plus the cash in my gun safe.... but all of those probably locked down accounts (CIBC, BMO, Scotia).

Or in other words, how do you bank? What do you travel with?
 
Upvote 6
I worked at a Credit Union when this was going on and the thing is, it's not the "banks who participated". The government literally ordered it so any bank that went against it would have faced significant penalties, with the executives potentially going to prison. Instead of blaming banks, you should be blaming the government. I don't think ANY financial institution would "have your back" if the government ordered to have your account information. Any FI that resisted would be destroyed by the government and then the government would still get what they wanted in the end.
 
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What's the difference really? The banks participated because they had to participate, which means the banks are not politically neutral nor secure.... so where to keep one's money?

I, like many other Canadian's at the time pulled a lot of assets from the banks. My first priority was pay off my mortgage.... done, gone. Next is I have physical gold and silver, firearms, ammo, powder, lead, and primers. But now I don't know what to do... I don't want land in this shit hole country where you don't really own, but I am accumulating wealth I do not feel is secure.... so what to do with it? Buy USD? Invest in the NYSE? Other? Just looking for divestment ideas.
 
XAW. If the world goes to shit that XAW becomes worthless, then you'll need your guns and ammo (which you already have). I've read accounts of people from countries that went lawless and the most important things were antibiotics and garbage bags (besides ammo). Guns were less important because you only need to kill 1 guy with a gun to get your own.
 
What's the difference really?
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The difference is in who has the guns. Who has the monopoly on violence.

Yes, the corpos have tons of money and influence through lobbying, but at the end of the day it's no different than a shopkeeper paying off a mob to keep the goons from trashing his store. The mob has the violence, so they are the boss.
 
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