Juno News - May 11, 2023


CBDCs： This is THE END of Freedom in Canada


Episode Stats


Length

14 minutes

Words per minute

168.50676

Word count

2,442

Sentence count

145

Harmful content

Misogyny

1

sentences flagged

Toxicity

5

sentences flagged

Hate speech

3

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The introduction of a central bank digital currency in Canada would mean the end of financial freedom in Canada. A digital Canadian dollar would be a digital form of cash in your wallet. Like cash, it would buy the things you need. But the advantage is that you could also use it for online purchases and to transfer money between family and friends.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Canadians would be hard-pressed to think of two more consequential freedoms in their day-to-day
00:00:11.340 lives than freedom of speech, which no longer exists in Canada, and the right to freely transact,
00:00:16.500 to spend your own money where, how, and when you choose. As Canada's censorship minister Juan Pablo
00:00:22.680 Rodriguez works with Justin Trudeau to strip away that freedom of speech, Christia Freeland,
00:00:27.240 that great beacon of financial liberty, is working hand-in-glove with Canada's central bank
00:00:39.680 to hammer home the final nail in the coffin of Canadian freedom, the introduction of a central
00:00:45.320 bank digital currency. There is no reason to mince words. The introduction of a CBDC would
00:00:51.460 mean the end of financial freedom in Canada. Complete and total digital control over your
00:00:56.460 money, not in the hands of a private bank like it is now, but completely in the hands of the
00:01:01.460 Canadian state. Now, those on the left will tell you not to be conspiratorial. You have nothing to fear.
00:01:06.360 Nothing to fear? Try selling that to a bunch of Canadians who witnessed that same finance minister
00:01:10.960 happily freeze the bank accounts of protesters who opposed the government.
00:01:15.200 The names of both individuals and entities, as well as crypto wallets, have been shared by the RCMP
00:01:25.700 with financial institutions, and accounts have been frozen, and more accounts will be frozen.
00:01:34.660 Stick around for the ratio of the week. Drop a like in the video. Help us out by subscribing to the
00:01:38.040 TrueNorth YouTube channel. And the common question for the episode is this. Are you invested in Bitcoin or
00:01:43.040 other cryptocurrencies? If so, let me know in the comments, and let's get into it.
00:01:47.140 Just 12 months ago, if you were concerned about the introduction of a CBDC into the Canadian economy,
00:01:52.740 you were very quickly branded as a conspiracy theorist. But just like all the other conspiracies,
00:01:57.700 this one turns out to be completely true. The Bank of Canada released this video on their YouTube page
00:02:02.260 two days ago.
00:02:07.160 How Canadians pay for everyday things is changing.
00:02:12.140 Some are using less cash in favor of other payment methods.
00:02:16.580 To keep up with the changing ways that people pay, the Bank of Canada is exploring a digital Canadian dollar,
00:02:23.380 also known as a central bank digital currency.
00:02:25.820 In order to make it seem as though the bank has not developed this technology already,
00:02:29.540 and is not prepared to roll it out immediately, the Bank has launched their public consultation phase
00:02:34.760 to try and seek input from the Canadian people as to what they think about the introduction of a CBDC.
00:02:41.060 And just by going off of Twitter results, I think it's safe to say that the Canadian people
00:02:44.500 do not want a central bank digital currency under any circumstances.
00:02:48.680 And frankly, why would they?
00:02:50.420 Who wants to be a digital slave and subject to the whims of authoritarians forever?
00:02:54.720 Step right up to the CBDC.
00:02:56.260 It's your gateway to misery and coerced obedience.
00:02:59.560 If not, take the above survey and tell the Bank of Canada where they can shove their digital Canadian dollar.
00:03:05.220 Definitely not voting against a digital Canadian dollar.
00:03:08.800 I'm not okay with surveillance and having my money cancelled at the whim of the government.
00:03:13.400 Also, not sure what the benefits are, given it still loses purchasing power.
00:03:17.440 If you think the government freezing bank accounts was easy before, just wait if this hits.
00:03:22.280 This public consultation is phony.
00:03:24.480 You already know that few Canadians would willingly agree to a CBDC.
00:03:28.700 You're using this survey to propagandize the public.
00:03:31.340 Shame on you, Bank of Canada.
00:03:33.240 This is how the Bank of Canada describes a CBDC.
00:03:36.440 Simply put, a digital Canadian dollar would be a digital form of cash in your wallet.
00:03:40.680 Like cash, it would buy the things you need.
00:03:42.780 But the advantage is that you could also use it for online purchases and to transfer money between family and friends.
00:03:48.260 A digital Canadian dollar would not replace cash.
00:03:50.880 We will continue to supply banknotes as long as Canadians want to use them.
00:03:55.600 We don't see a need for a digital dollar right now, but Canada may need one in the future, so we need to get ready.
00:04:02.420 The central bank makes their case for a CBDC quite plainly for every Canadian to see.
00:04:07.120 When cash is no longer accepted, they believe they need to be the ones to create a digital Canadian dollar.
00:04:13.960 Even though we already make do without using cash every single day for all of our purchases, we use our debit and credit cards.
00:04:20.740 But for them, you see, that's not enough control.
00:04:23.680 They need complete control.
00:04:25.260 As the Bank of Canada on the survey page writes,
00:04:28.180 People tend to use cash less often these days.
00:04:31.220 Most payments are already digital, such as using debit or credit cards.
00:04:35.020 If this trend continues, there may come a time when cash is not widely accepted in day-to-day transactions.
00:04:41.120 That might be the tipping point when a digital dollar could be needed.
00:04:45.280 They say they don't see a need to issue a digital dollar right now,
00:04:48.300 but they also say in the same survey that they're getting ready in the case that Parliament and the Government of Canada asks them to issue one.
00:04:55.100 Well, surprise, surprise, in Budget 2022, Justin Trudeau and Chrystia Freeland made explicit their intention to introduce a CBDC.
00:05:04.300 In the last several months, for example, there have been a number of high-profile examples, both around the world and here in Canada,
00:05:10.300 where digital assets and cryptocurrencies have been used to avoid global sanctions and fund illegal activities.
00:05:21.000 Budget 2022 announces the Government's intention to launch a Financial Sector Legislative Review
00:05:26.640 focused on the digitalization of money and maintaining financial sector stability and security.
00:05:32.280 The first phase of the review will be directed at digital currencies, including crypto and stablecoins.
00:05:37.300 And if the alarm bells aren't ringing off in your head as you read that passage,
00:05:41.500 well, something might just be wrong with you.
00:05:42.920 The government is issuing an order with immediate effect under the Emergencies Act
00:05:47.780 authorizing Canadian financial institutions to temporarily cease providing financial services
00:05:55.400 where the institution suspects that an account is being used to further the illegal blockades and occupations.
00:06:04.020 This order covers both personal and corporate accounts.
00:06:09.760 As of today, a bank or other financial service provider will be able to immediately freeze
00:06:17.880 or suspend an account without a court order.
00:06:22.500 We are today serving notice.
00:06:25.400 If your truck is being used in these illegal blockades,
00:06:30.260 your corporate accounts will be frozen.
00:06:34.020 The insurance on your vehicle will be suspended.
00:06:38.620 But don't for a second think that the government's seizure of bank accounts
00:06:41.660 and incursions into private finances stopped at the Freedom Convoy.
00:06:45.260 Just like during the Freedom Convoy,
00:06:46.880 the federal government has activated private banks in Canada
00:06:49.680 to act as the financial enforcement arm of the Trudeau regime.
00:06:53.760 Look at Canadian veteran and podcast host Jeremy McKenzie,
00:06:57.020 who was debanked by Scotiabank for holding too many unacceptable views.
00:07:02.020 Yeah, so like I said, I'm calling to give you just the courtesy of a heads up
00:07:07.160 that you will receive a letter kind of early next week
00:07:10.280 to let you know that the banks decided to end their banking relationship with you.
00:07:13.360 So the banks determined that this relationship is inside of its risk appetite.
00:07:20.000 So typically we don't call customers in these situations,
00:07:25.900 but I recognize you've been a longtime client of the bank,
00:07:29.120 so I wanted to call to give you the courtesy of a heads up.
00:07:31.980 But Canadians are not alone in the fight against CBDCs.
00:07:35.040 This is a global push.
00:07:36.560 Just watch how the then-Chancellor of the UK Exchequer
00:07:40.020 and now unelected Prime Minister of the United Kingdom, Rishi Sunak,
00:07:43.580 can barely hold in his excitement
00:07:45.140 when discussing CBDCs being introduced into the United Kingdom economy.
00:07:49.420 I'm proud to say that under the UK's presidency,
00:07:52.620 the group of the world's seven most advanced economies, the G7,
00:07:56.540 is launching a set of public policy principles
00:07:59.360 for retail central bank digital currencies, CBDCs.
00:08:03.780 And just a few months ago,
00:08:05.020 the chairman of the United States Federal Reserve, Jerome Powell,
00:08:08.440 describes the four characteristics of a United States CBDC.
00:08:12.840 We think that there are four characteristics of,
00:08:15.660 if we were to pursue a CBDC,
00:08:18.200 it would at a minimum have the following four characteristics.
00:08:20.840 First is intermediated.
00:08:22.800 Second is privacy protected.
00:08:25.560 The third is identity verified.
00:08:27.760 So it would not be anonymous.
00:08:29.300 It would not be an anonymous bearer instrument.
00:08:31.100 And fourth is transferable or interoperable.
00:08:34.480 Now, of course, not everyone is on board with the tyrannical push
00:08:37.280 to introduce CBDCs into our economy.
00:08:39.780 Don't take my word for how dangerous a CBDC will be.
00:08:42.760 Take the dire warning of American billionaire Steve Forbes.
00:08:46.100 CBDCs would give officials a powerful tool of control and manipulation.
00:08:52.560 It would be an irresistible drug for central banks trying to direct the economy. 0.63
00:08:57.160 If you have undesirable political views,
00:08:59.840 you might not be able to access your money,
00:09:01.900 since traditional cash would be outlawed,
00:09:04.200 and your digital cash would be in a government-approved digital wallet.
00:09:08.120 Congress should immediately hold hearings on the subject of central bank digital cash
00:09:13.300 and ban the Fed from creating a digital dollar.
00:09:17.720 Government digital cash is a formula for tyranny.
00:09:21.000 There is hope for Canadians, however. 0.98
00:09:22.860 Pierre Polyev in his leadership election stated unequivocally
00:09:25.720 that a Polyev government would ban a central bank digital currency.
00:09:29.620 A Polyev government will ban a central bank digital currency 0.99
00:09:35.360 and allow Canadians to have the economic and financial liberty that they deserve.
00:09:42.760 Now, whether Polyev actually follows through with that promise,
00:09:45.420 if he becomes prime minister, is to be seen.
00:09:47.320 He certainly would not be the first politician to lie to the people.
00:09:50.520 But one, of course, can certainly hope.
00:09:52.740 Also, a few weeks ago, Ron DeSantis banned the use of CBDCs in the state of Florida.
00:09:57.900 Now, what happens when you combine a CBDC,
00:10:01.560 a digital currency issued by the government,
00:10:03.900 with government-issued digital ID?
00:10:06.440 Now, the government of Canada already tells you
00:10:08.300 what your digital ID will be used for in the future.
00:10:11.020 Your digital ID issued by the government would be used to obtain social benefits,
00:10:15.260 file your taxes, access your health records,
00:10:17.840 open a bank account, and buy a home.
00:10:19.760 Now, of course, like any other time the government talks about our digital dystopian future,
00:10:23.920 they package it with the usual screed telling us not to be concerned.
00:10:27.120 They say your digital ID will be optional.
00:10:29.840 It will be convenient.
00:10:30.920 It will be secure, private, and accessible.
00:10:33.160 Oh, you're really putting our fears to rest, Canadian government.
00:10:36.840 We have nothing to fear.
00:10:38.060 The Ontario government used the pandemic to introduce their own version of a digital ID,
00:10:42.160 and they're very excited about this.
00:10:43.860 As the Ontario government says,
00:10:45.320 Your digital ID is the foundation that will enable easier access to online services
00:10:50.020 and make Ontario one of the world's most digitally advanced jurisdictions,
00:10:54.200 with a value for Ontarians, businesses, and the government that is estimated at $20 billion.
00:10:59.480 And just like the Canadian government, they state clearly that it is voluntary.
00:11:03.420 The plan to introduce a digital ID in Canada has been in the works for many years now.
00:11:08.240 Take this 2019 clip of the Canadian Bankers Association discussing why a digital ID is so important,
00:11:15.520 why a federated digital ID is crucial for Canadians' future.
00:11:19.340 A federated digital ID ecosystem developed in collaboration with Canada's best and brightest talent
00:11:24.580 from our banks, telecommunication companies, law enforcement, and government.
00:11:30.000 It would have the power and security to store every Canadian's electronic identity and attributes.
00:11:34.960 Canada's banks are perfectly situated to help lead the creation of a federated digital ID system
00:11:40.140 between government and the private sector.
00:11:42.740 The World Economic Forum agrees that banks and financial institutions
00:11:46.200 should lead the path forward for digital ID.
00:11:48.740 And we've already gotten our taste of what a digital ID dystopian future looks like.
00:11:53.180 Don't forget the mandated downloading of the digital government loyalty test known as ArriveCan.
00:11:57.600 Now, what does Canada's future look like when you combine a CBDC controlled by the government
00:12:02.240 with a digital ID also controlled by the government?
00:12:05.540 Well, it might look something like this.
00:12:08.020 They're constantly monitored by facial recognition cameras
00:12:11.580 that are able to instantly put a face to a name.
00:12:14.760 Now, the Chinese are also ranked.
00:12:17.580 The cinema names and shames people considered untrustworthy,
00:12:21.300 plastering their details, even their addresses, across big screens.
00:12:25.060 God help us.
00:12:26.180 Race show of the week time.
00:12:27.420 The post-national Marxists that staff the federal government
00:12:30.140 have taken it upon themselves to once again redesign a key Canadian symbol.
00:12:35.360 A cultural symbol that helps define what Canada is.
00:12:39.600 After deciding that they had the moral authority to redesign the crown in Canada,
00:12:43.840 replacing the cross and fleur-de-lis with a snowflake,
00:12:47.520 the Canadian government has now decided to redesign the Canadian passport,
00:12:51.640 remove Terry Fox, remove the Vimy Ridge Memorial,
00:12:54.740 and remove the Fathers of Confederation and replace them
00:12:58.280 with some communistic corporate Memphis redesign. 0.86
00:13:01.460 A disgusting slap in the face to all Canadians. 1.00
00:13:05.400 Karina Gold, the Minister of Family and Social Services, 0.96
00:13:09.180 was on hand to unveil the disgusting new redesign of the Canadian passport.
00:13:13.700 Look at how happy she is to unveil this abomination.
00:13:16.640 Our passport is recognized around the world,
00:13:19.200 and the new design unveiled today reflects our country and our shared values.
00:13:24.340 Service Canada stands ready to launch this new booklet this summer,
00:13:28.200 and I look forward to seeing it delivered into the hands of Canadians.
00:13:31.480 Well, Canadians aren't nearly as happy to receive this booklet
00:13:34.200 that is supposed to reflect our shared values.
00:13:37.420 1,985 replies to 623 likes.
00:13:42.880 Communists erasing our culture. 0.97
00:13:45.300 Utterly pathetic, but completely accurate. 1.00
00:13:47.860 What an embarrassment for our country. 0.99
00:13:50.020 Shared values, not including the heroism of Vimy Ridge.
00:13:53.840 It's just a flag.
00:13:55.180 It's just the statue of John A. Macdonald.
00:13:57.520 It's just a statue of our longest reigning monarch.
00:14:00.260 It's just a crown.
00:14:01.760 It's just a passport.
00:14:03.640 Are you starting to see it yet?
00:14:05.240 Liberal minority governments like Lester Pearson's and Justin Trudeau's
00:14:08.880 do not have the moral authority to make sweeping cultural post-national changes to our country,
00:14:14.360 yet they have no problem giving themselves the authority to do so.
00:14:17.100 All of this must stop.
00:14:19.220 Because if you think they're going to stop with the passport, you are sorely mistaken.
00:14:23.320 All right, everyone, that's going to do it for us this week on the show.
00:14:25.500 Thank you so much for tuning in.
00:14:26.600 My name is Harrison Faulkner, and this is Ratioed.