Canada’s Trudeau Proves The Case for Why The World Needs Decentralized Cryptocurrency
Who would have thought that the gateway to the demise of freedom; to the oppressive kingdom of totalitarianism would have been through the Prime Minister of Canada?
The Canadian government, under the rule of Liberal Prime Minister Justin Trudeau, has frozen the bank accounts and cryptocurrency-related banking platforms of protesters and those who support them, in an attempt to end the “truckers’ protest” over COVID restrictions. This move literally cuts off access to the personal monies of the truckers and their supporters under Canada’s contentious Emergency Act.
The move leaves both the protesters and their supporters destitute; unable to even buy food; with no access to their legitimately owned wealth and without due process under Canadian Law.
In addition, an injunction – known as a Mareva injunction – was issued by a Canadian federal court forbidding any frozen account, along with a number of crypto addresses, from “by any means whatsoever” selling, removing, dissipating, alienating, transferring, assigning, encumbering, or similarly dealing with the assets listed in the document.
A local Toronto newspaper reported that the accounts held under the Mareva injunction could be holding more than $1 million, with other estimates claiming more.
One fascist law professor at the University of Ottawa, tweeted in a most celebratory tone, “Once your bank freezes, you won’t even be able to withdraw $20 to buy food, gas, or pay the bills unless you get a lawyer to help you do it. Please act quickly if you have a family to feed.”
Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, took a more measured and legalistic tone, arguing that the injunction does not “prevent” those affected by the Mareva injunction from interacting with their accounts, but instead “threatens them.”
“Key distinction. In legacy finance the powers that be could prevent them,” he tweeted. “It's a huge, huge difference because there is a slippery slope to a government mass-freezing bank accounts vs a government having to try and do this process for thousands of individuals.”
The facilitation of the confiscation and freezing of the protester and supporter’s bank and crypto accounts required an amendment to the Emergencies Act that allowed authorities to classify the protesters as terrorists, thus allowing banks and other government agencies to freeze the assets.
It needs to be noted here that while cryptocurrency accounts on centralized crypto exchanges can be frozen for a variety of reasons, this is not the case with independent crypto wallets which are controlled by their users.
Canada’s Deputy Prime Minister and Finance Minister Chrystia Freeland promised, in a statement, that “more accounts will be frozen.”
While Freeland inferred that the Emergency Act would only apply to truckers, the Act stipulates that bank freezes can apply to anyone “directly or indirectly” involved in the protests.
Astonishingly, the Toronto Sun reported that “[t]he basis for some of the most controversial measures they’ve brought in merely rely on nothing more than CBC reporting.”
The Canadian authorities have gone so incredibly fascist and totalitarian in their response as to threaten pet-owning protestors that they might never see their animals again if they were arrested.
Those who oppose Trudeau’s fascist moves point out quite rightly that they would set an incredibly dangerous precedent that would allow the government – and potentially governments around the world – to commandeer the power to cut off a person’s finances – be they fiat or crypto – whenever they see fit.
Jake Chervinsky, the Executive Vice President & Head of Policy at Blockchain Association spotlighted a chilling reality promoted by Trudeau’s actions. “If the politicians you like can freeze the accounts of the protesters you hate, then the politicians you hate can freeze the accounts of the protesters you like. How certain are you the politicians you hate will never, ever be in power again?”
Why This Is Important
Trudeau’s use of the Canadian Emergency Act is the first time the coercive totalitarian tool has been used in a free country and definitely the first time it has been used in Canadian history.
The law – which many in the majority Conservative Party hold a dim view of, grants Trudeau’s administration the power to prohibit public assembly, travel, and access and use of specifically declared property for 30 days. That “specific property,” in this use, includes access to one’s money.
Trudeau’s order, one that thumbs its nose at the very idea of due process under Canadian law, orders banks and financial service providers – including credit unions, loan companies, crowdfunding platforms, and crypto exchanges – to stop “providing any financial or related services” to people associated with the protest.
This means that if you were involved in the protests, or if the Canadian government finds out you supported the protests in any way, the Canadian authorities can freeze your life savings, strand your money, cancel your credit cards, terminate your mortgage applications, or adversely affect your business loan applications. It means that without due process, the government can unilaterally and without hearing eliminate you from the banking system.
This totalitarian edict includes the targeting of centralized crypto wallets housed on online exchanges. Centralized crypto wallet custodians are the government’s control point.
Conversely, because the cryptosphere was created in a decentralized manner – because it was created to safeguard an individual’s wealth from the manipulative and grafting hands of the world’s governments and financial power junkies, it is impossible to stop peer-to-peer (P2P) transactions of cryptocurrencies outside of the centralized exchanges, thus rendering draconian edicts – like Trudeau’s – impotent.
The point here is not to take sides, although I, personally, support the Freedom Convoy completely. It’s about alerting everyone about the precedent Trudeau is attempting to set.
There can be no doubt whatsoever that what Trudeau is doing is the execution of a trial balloon event to see just how willing the people of the world are to accept the enforcement mechanism of the World Economic Forum’s Great Reset.
Allowing governments to, under the weight of law, use access to your wealth, your money as a weapon of coercion is allowing them to socially engineer and condition you to their morals, their ideology, their priorities; it allows them to rule you without condition and without an ability to object.
As Ryan Sean Adams from Bankless Nation wrote so eloquently in their Substack newsletter:
“What happens if it’s a protest for something I care about? What if it’s inflation? Or rising energy costs? Or social injustice? This time it’s their protest. Next time it’s yours.
“How free do you feel when they can eliminate you from the economy with a mouse click? This is why we need crypto. This is why we need DeFi [decentralized finance]...
“The banking system should not be a weapon used by governments on their people. We need to be able to lend, borrow, trade without centralized institutions. We need DeFi built on decentralized, censorship-resistant, protocols. We need strong digital property rights in the 21st century and we can’t rely on our governments to provide them.”
Regardless of what you think about Glenn Beck (I personally find him a great source of provocative information), I strongly and wholeheartedly urge you to listen to his podcast with author James Lindsay. The subject header is How Critical Race Theorists Justify Race Discrimination, but about halfway through they focus on the Great Rest and the nefarious and symbiotic quests of both Communist China and the World Economic Forum. It is chilling and it will provide an understanding of why decentralized finance is not just a luxury, but desperately needed if freedom is to remain “a thing” in the world.
The forces that hold freedom, individualism, liberty, and the opportunity to amass wealth in contempt are not only on the move, they are in their final phase to dupe you out of your inalienable rights. We can stop them, but we must learn, come together, act, and rebel against their actions.
Time is now the tyrant.
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Due to the good fortune of having a knowledgable friend, I have a grasp on the 'concept' of crytocurrency. Beyond that my own knowledge stopped with Superman. However, this is NOT purely about that. It is about control.....GOVERMENT CONTROL. It is about taking an independent individual and making them 'chatel' or 'property' of the government . They intend to "own" you !
While it's true that greed and wealth is a motovating factor among the nefarious actors, control and status are also goals. What better way to gain it than to control what or 'if' the population eats?
Man's instinct for survival is strong .....as is the need for freedom. Although many will succumb to shackles, others will stand and defend what they have earned. Interestingly, the Bible has several references about the need & righteiouness of fighting tyrany in any form.