Watchman Report Feb. 25, 2022 "5 Major Canadian Banks Go Offline and The Government Will Take Your Freedom Away" "

 

Canadian banks offline

“60% Market Crash, Governments Seizing Your Money, Shortage Of Food” – Todd Horwitz

Wednesday February 16, 2022 19:31 The Federal government of Canada recently invoked the Emergencies Act for the first time in Canadian history in response to the trucker protest in Ottawa. Todd Horwitz, chief market strategist of BubbaTrading.com told David Lin that the stripping away of personal freedoms is not exclusive to Canada, and is only going to get worse around the world. “That’s where governments are going anyways,” Horwitz said. “When people continue to vote in the directions that they vote and they give up their freedoms, you are proving to the government to do this because you keep voting in the same people that don’t belong there.” The Emergencies Act, which became law in 1988, defines a “national emergency” as one of the following: a public welfare emergency, a public order emergency, an international emergency, or a war emergency. The emergency in question must be “an urgent, temporary and critical situation that seriously endangers the health and safety of Canadians or that seriously threatens the ability of the Government of Canada to preserve the sovereignty, security and territorial integrity of Canada.” Invoking the Emergencies Act grants the Federal government several powers, including the ability to seize private bank accounts and suspend large transactions. Deputy Prime Minister Chrystia Freeland said in a press conference earlier this week that the government is broadening “Terrorist Financing” rules to cover crowdfunding platforms and digital assets, like cryptocurrencies.

Bank Run? Canada’s Top Banks Mysteriously Go Offline

02/17/2022 Days after Canadian Prime Minister Justin Trudeau said he would invoke emergency orders to crack down on demonstrators by freezing their bank accounts, five major Canadian banks went offline on Wednesday night, as customers reported their funds were unavailable, according to technology website Bleeping Computer.  Royal Bank of Canada (RBC), BMO (Bank of Montreal), Scotiabank, TD Bank Canada, and the Canadian Imperial Bank of Commerce (CIBC) were all hit with unexplainable outages on Wednesday evening. Users began reporting issues with banks around 1600-1700 ET, Downdector data showed.

Sharp Price Gains In Gold As Russia Said Poised To Invade Ukraine

Thursday February 17, 2022 08:26 Gold prices are solidly higher and hit an eight-month high in early U.S. trading Thursday. Safe-haven demand is featured as reports say a Russian invasion of Ukraine is "imminent." Silver prices are modestly up, but not yet catching the strong safe-haven bid that gold sees. April gold futures were last up $20.50 at $1,892.10 and March Comex silver was last up $0.16 at $23.765 an ounce.

“You Have To Be Prepared For A Future With More Black Swan Events”

If there’s one thing the world has taught us over the past 18-24 months, it’s that everything can change… in an instant. We’ve seen the world shut down over a virus. Riots, looting, and chaos spilled into the streets in some of the most stable democracies in the West. As the President and Chief Operating Officer of Palantir Technologies recently put it, “You have to be prepared for a future with more Black Swan events.” And that’s why Palantir purchased roughly $50 million worth of gold. But they understand that gold is a hedge– a financial insurance policy that literally goes back thousands of years. Over the past 20 years, for example, gold has vastly outperformed the S&P 500. $10,000 invested in gold in 2001 would be worth around $65,000 today, while $10,000 invested in the S&P 500 in 2001 would be worth roughly $45,000 today, assuming all dividends were reinvested. In the 1970s, when inflation was running rampant in the US, ‘real’ assets like gold posted astonishing returns, while the stock market went absolutely nowhere. Most importantly, it’s worth asking the question– “are you prepared for a future with more Black Swan events?” On another note… We think gold could DOUBLE and silver could increase by up to 5 TIMES in the next few years.