42

If you have a problem take it up with mods…or use community feedback.

43

A problem with what? I just asked a question. What does this have to do with the MODs?

44

Or maybe, just maybe the banks shut down over fears of hacktivists cleaning out bank accounts from the newly released personal bank info of depositors gotten in the recent hack of give send go?

Maybe you would rather the bankers just fire up a smoke and chant ‘Freedom’ while their customers are made poor at the hand of hackers?

45

Or…Maybe, just MAYBE you are wrong & the government is taking their money?

46

millions of pieces of paper with numbers on them are nothing but millions of pieces of paper with numbers on them…

regardless of which “mint” prints them

47

You don’t stop bank runs by closing the online portal, you shut and lock the doors to the bank itself.

You close the online portal when you’re worried about online attacks, which can happen when hackers have your financials in their hot little hands.

48

I don’t know…but it does seem a LOT of Canadians are withdrawing all their money from the banks as fast as possible.

Perhaps it’s because they fear losing it all because the tyrant Trudeau will steal it all from them?

Warning: Profanity & other issues on links!

https://www.investmentwatchblog.com/trudeau-inadvertently-caused-a-bank-run-in-canada/

49

I hope the banks involved collapse myself. And Brandeau is run out of office and town as well for that matter.

50

No, they shut down over concerns of capital liquidity at the banks. One has to remember that individuals’ account balances, on deposit, are considered an on demand account payable of the institution, not an asset. The physical and notional currency (electronic fund transfers) in possession, balances on deposit with other financial institutions, securities held in accounts owned under the bank’s tax payer ID number, and loans (debt holdings) made to customers are the actual assets of the bank.

I have always found it funny that so many people think their money is physically setting in the vault at the bank, or credit union, In reality a large percentage is required to be on deposit with the federal reserve. more will be invested by the bank in short term instruments with other banks and investment houses, and a final amount will be held as loans made directly by the bank to customers. The vault is primarily for safe deposit boxes and holding the usually less than $200,000 of physical currency needed to facilitate cash withdraws (window exchanges and ATMs). And most of this is churn of the same physical pool of currency, cash deposits in, cash withdraws out, in the same week.

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51

Not to mention freezing an account for even a day is a tangible loss in value by inflation and is in a simple word…THEFT.