Martin Armstrong – Armstrong Economics March 14, 2024
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.”
Former UK Independence Party leader Nigel Farage. Click to enlarge
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.
THE MONEY CHANGERS
The only time in the bible where jesus lost his temper was over the money changers
Usuary is the charging of interest upon interest often on more interest
its how jews have taken over many countries, through economic control
Before every major war there is a financial depression
as banks draw in every penny to lend out at interest
this they call ” claw back funds”
In the great deprssion of th 1930s Germany had it worse than anyone
Adolf Hitler seized power and put the rothschilds in prison
he then shared the stolen money with his people
The 3 jewish controlled countries the UK USA and Russia
then went to war to hand Germany back to the jew bankers
Remember the jews declared war on Germany in 1933
The only man since Jesus who could free us from the death embrace of the jew
and we destroyed him and his people.
Banks are closing their doors all over the UK, soon cash wil be banned and we will all have cardboard passes
to get our needs met
://community.pearljam.com/discussion/77117/the-jewish-declaration-of-war-on-nazi-germany
In the 1970’s, those of us south of Canada admired it. Some moved there. Now it sounds like it’s way ahead of us in oppression.
Like I said the other day. Extract yourself from the system.
You will of course be in a minority, because the thicko sheeple will comply.
Just yesterday, the head on the FCA (Financial Corruption Authority), said the FCA would not stop the banks from charging sheeple to run their bank accounts. The banks already make lot of money for personal accounts, be that using our funds on the markets, or charging an arm and a leg for overdrafts.
I am not saying it’s easy, but the only true way is extraction from the system.
I can tell you now, with great pride, and not that I know this for a fact, for obvious reason, but my credit score must be shit. I don’t have any debt, and I’ve not tried to get ant debt for at least 15yrs.
If enough sheeple dump the system, they will have to keep cash. Let’s face it, you, we, me, pay for certain things by DD, and if you close your bank account, the Nazi regime will need to provide a method of payment, be that sending cash in the post (lol), or going to the post office.
To give you an idea of their control systems. I have a relative who might carry a cancer gene. She could have proactive treatment, but this would mean declaring it when going for remortgage. So she’s decided not to have the treatment, so she can get remortgaged. Is this not a social score at work?
There are millions of sheeple who won’t have medical treatments, because of finance, or driving bans/restrictions. It’s a social score,. Just like the congestion charges and ULEZ. Get the poor off the roads, so rich bastards can drive. I even knew a guy who said he was going to start driving to work, when the CC was introduced.
Don’t get squeezed out, pull out.
Everything has at least one weakness. When the Greeks wrote about the gods they gave them a weakness, and the weakness of CBDC and the prison grid that will run it is it needs electrical power 24/7/365.25.
We may have to revisit the time before electricity to defeat their prison grid by causing rolling blackouts to really screw up their systems. But we survived most of our existence without electricity, and to go without it again for extended periods–not 24 hours necessarily if 12-20 hours a day achieves it, we’ll have to find out– but regular and unpredictable blackouts may be the only way we can defeat their CBDC prison grid.
The language used to sell this digital garbage is itself garbage. Garbage in (‘inclusive & convenient’), garbage out (what do you mean I can’t access my account due to my [fill in the blank] issues?)
Canada Bank Act:
Sunset provision
21 (1) Subject to subsections (2) and (4), banks shall not carry on business, and authorized foreign banks shall not carry on business in Canada, after June 30, 2025.
Exception
— dissolution (4) If Parliament dissolves on the day set out in subsection (1) or on any day within the six-month period before that day or on any day within an extension ordered under subsection (2), banks may continue to carry on business, and authorized foreign banks may continue to carry on business in Canada, until the end of the 180th day after the first day of the first session of the next Parliament.
“Open and more inclusive” are words that send shivers up my spine. Orwellian euphemisms for power and control.
like most folk i dont read what Carl Jones says
this idea of hitler taking over the UK after the war is nonsense
nothing more
natzis everywhere its not funny any more
From my reading of this article I would deduct he would have come from Ernst Zundel but he is dead now. Anti-semantic