Canadian Financial Sovereignty Now Major National Security Issue
OP ED -How much of Canada's financial infrastructure is actually American? Your credit card is probably the first thing you should notice and the American corporate Baphomets Visa and MasterCard would rather this little fact remain ignored. Canadians use these American networks to spend almost a trillion dollars annually resulting in huge fees being exported south subsidizing the much bigger American credit card users in lavish rewards and funding the more general operations of a system of global Yankee financial parasitism.
Most Canadians will surely be familiar with the alternative plastic payment solution Canadians have access to: Interac. They may also be aware of its limits on consumer protections and less competitive use incentives. As an existing technological network however this provides us with something to develop off of digitally for payments but we can't lose sight of the safest payment technology we have access to still: cash. Personally deyankeeizing payments today is possible for anyone interested and can be done as easily as with any other "buy Canadian" initiative.
But the bigger question every Canadian citizen, as well as investor, needs to ask themselves is how "Canadian" our large financial institutions really are. Major Canadian banks like TD and BMO now have more branches south of the border and their expanding revenue there has reached the point where it has almost taken over what they generate here. This places them directly under the dictate of Donald Trump. If Donald Trump realizes the power he has over these Canadian corporate giants it will certainly be used by him in any negotiations to change and influence Canadian laws as he pleases.
How exactly Canadians can or will pay for things when their Visa and MasterCards are shut down or heavily taxed by Donald Trump is something everyone needs to start seriously thinking about now. Though little media attention is being paid to the financial reforms that will need to be seriously considered as opposed to the more immediate industrial and employment disruptions coming from Trumps trade tantrums the next Federal Canadian government needs to think up ways they can expand cash usage, research the creation of a new national credit card network and consider encouraging Canadian banks to do a possible rapid exit and fire sale from the American market to save themselves from total ruin before it's to late. The cost of not doing this as soon as possible will only increase with each day of the Trump administration till his somewhat more competent advisers realize the power he has coming from our vulnerability in these sectors.
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