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Canadian Conservatives look to gather support for bill banning a central bank digital currency
From LifeSiteNews
Bill C-400, sponsored by Conservative MP Ted Falk, seeks to ensure that a central bank digital currency is never created and that Canadians will always be able to use physical cash in the settling of debts and other financial transactions.
Canada’s Conservative Party is looking to gather support for a bill that would outright ban the federal government from creating a central bank digital currency (CBDC) and make it so that cash is kept as the preferred means of settling debts.
The bill, dubbed the Framework on the Access to and Use of Cash Act, or Bill C-400, is sponsored by Conservative MP Ted Falk and already passed its first reading back in June of 2024. It is currently awaiting its second reading.
According to Falk, for “millions of Canadians,” notably “vulnerable folks in our population,” the use of “physical cash is essential to everyday life.”
“Likewise, charities, community organizations, and remote communities rely on cash to achieve their worthy goals,” he said while speaking of his bill.
“Finally, in a world where governments, banks, and corporations are increasingly infringing on the privacy rights of Canadians, cash remains the only truly anonymous form of payment.”
At its core, Bill C-400, if passed, would allow for a national framework to be made which would ensure that Canadians always have access to and can use cash. It would also amend Canada’s Currency Act to restrict the current finance minister’s ability to suddenly put out a call that all bank notes be recalled. Finally, the bill would amend the Bank of Canada Act to ban it from creating any form of digital dollar.
The bill also calls for ways to “incentivize businesses and creditors to accept payments made in cash,” as well as to “remove barriers and disincentives in relation to donations made in cash to non-profit organizations and community organizations without compromising efforts to curtail money laundering, fraud and other financial crimes.”
As previously reported by LifeSiteNews, an overwhelming majority of Canadians want the government and the Bank of Canada (BOC) to “leave cash alone” and not proceed with the creation of a so-called “digital dollar.” The feedback came after the BOC launched a public survey to gauge Canadians’ taste for a digital dollar.
Despite the bill before Parliament and the survey, as previously reported by LifeSiteNews, the BOC has already forged ahead by filing a trademark for a “digital” buck.
Conservative leader Pierre Poilievre has before promised that if he is elected prime minister come the next election, he would stop any implementation of a “digital currency” or a compulsory “digital ID” system.
As recently as a week ago he posted on X about protecting “cash.”
“Ban central bank digital currency, protect your freedom to use cash, and get the government out of your wallet. Proud to support @MPTedFalk‘s common sense Conservative Bill C-400 to protect the privacy & freedom of Canadians,” Poilievre wrote.
Ban central bank digital currency, protect your freedom to use cash, and get the government out of your wallet.
Proud to support @MPTedFalk's common sense Conservative Bill C-400 to protect the privacy & freedom of Canadians.https://t.co/NeqCsSS5fh pic.twitter.com/ft21ISLKdC
— Pierre Poilievre (@PierrePoilievre) August 12, 2024
Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would ultimately restrict freedom and be used as a “control tool” against citizens similar to China’s pervasive social credit system.
Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.
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All 6 people trying to replace Trudeau agree with him on almost everything
From LifeSiteNews
The Liberals are choosing a new face, but all six contenders seem likely to continue forcing Canadians down the same path as the PM they’re out to replace
With the Liberal leadership election just over a month away on March 9, Canadians are examining the six final contenders and questioning if they will bring change to the Liberal Party or carry on Prime Minister Justin Trudeau’s radical legacy.
The six contenders for Liberal leader and consequently, the next prime minister, are: Mark Carney, Chrystia Freeland, Karina Gould, Jaime Battiste, Frank Baylis and Ruby Dhalla.
While all the above candidates are promising to turn the Liberal Party around, their policies, both past and proposed, suggest little difference from the radical, anti-life and globalist agenda embraced by the Trudeau government.
Former Governor of the Bank of England Mark Carney
Carney appears to be the frontrunner for Liberal Party leader, with many mainstream outlets tacitly promoting him as a solution for Canadians, and numerous MPs having endorsed his campaign.
However, as LifeSiteNews has previously reported, Carney’s history suggests he would be an even more radical version of Trudeau.
While his impressive work experience certainly raises him in the estimation of Canadians, especially compared with Trudeau’s pre-political career as a drama teacher, the former Governor of the Bank of England, like Trudeau, openly supports abortion, the LGBT agenda and many of the tax and fiscal policies of the Trudeau government, such as the carbon tax.
Carney’s endorsement of energy regulations go even further than Trudeau’s, with the candidate having previously blasted the prime minister for exempting home heating oil from the carbon tax.
Carney has also been a longtime supporter of the globalist World Economic Forum, attending their infamous annual conference in Davos, Switzerland as recently as January 2023.
Carney routinely uses social media to advocate for achieving so-called “net-zero” energy goals, and even had his team bar multiple independent journalists from attending the press conference he held to announce his bid for Liberal leader.
Former Deputy Prime Minister Chrystia Freeland
Freeland’s bid for Liberal leader came as a surprise to many as it closely followed her resignation from Trudeau’s cabinet.
Freeland is perhaps best known internationally for her heavy-handed response to anti-mandate Freedom Convoy protesters, which saw the then-finance minister direct financial institutions to freeze the bank accounts of Canadians who participated in or donated to the protest.
Freeland, like Carney, also has extensive ties to the WEF, with her receiving a personal commendation from former WEF leader Klaus Schwab.
Interestingly, at the same time as Freeland announced her Liberal bid, the WEF’s profile on Freeland was taken down from their website. Additionally, the majority of Freeland’s Instagram posts have been removed from public view.
Many have speculated online as to the reason why these actions were taken, with some suggesting that Freeland desires to distance herself from the massively criticized group.
Critics often pointed to Freeland’s association with the group during her tenure as finance minister and deputy prime minister, as she was known for pushing policies endorsed by the globalist organization, such as the carbon tax and online censorship.
Former House Leader MP Karina Gould
Gould, an avid abortion activist, is perhaps best known for telling American women that they can have their abortions in Canada following the Supreme Court of the United States’ overturning of Roe v. Wade in 2022.
Gould is also known for continually advocating in favor of state-funded media, which critics have warned causes supposedly unbiased news outlets into de facto propaganda arms for the state.
In one example from September, Gould directed mainstream media reporters to “scrutinize” Conservative Party leader Pierre Poilievre, who has repeatedly accused government-funded media as being an arm of the Liberals.
Gould also claimed that Poilievre’s promise to defund outlets like the Canadian Broadcasting Corporation would deny Canadians access to important information, ignoring the fact that the Liberals’ own legislation, which she voted for, blocked all access to news content on Facebook and Instagram.
MP Jaime Battiste
Voting records show that in 2021 Battiste opposed a bill aiming to protect unborn children from sex-selective abortions. Later that same month, he voted to pass Bill C-6, which allows parents to be jailed for up to five years for refusing to deny the biological sex of their gender-confused children.
Furthermore, Battiste struck down a motion to condemn incidents of arson and vandalism of churches across Canada. In October 2023, a Conservative MP put forward a motion to denounce the arson and vandalism of 83 Canadian churches, especially those within Indigenous communities.
However, Battiste moved to adjourn the meeting rather than discuss the motion, saying, “I would like to call to adjourn debate on this if that’s what we can do, so we can hear the rest of the study, but if we have to, then I would rather discuss it in camera because it does have a way of triggering a lot of people who went through residential schools and the things they are going through.”
The Liberal government is known to be extremely lenient in their rhetoric when it comes to attacks on Catholic churches, with Trudeau even saying such behavior was “understandable” even if it is “unacceptable and wrong.”
Former MP Frank Baylis
Baylis served as a Liberal MP in 2015 but chose not to seek re-election in 2019. Now, he has thrown his hat in the ring as Liberal leader.
During his time as MP, Baylis was a staunch supporter of abortion. In 2016, he voted against a Conservative bill to provide protection to unborn children and pregnant mothers from violence.
Interestingly, Baylis is the former owner of the Baylis Medical Company of Montréal which was awarded a $282.5 million government contract for now “useless” ventilators during the COVID “pandemic.”
Former MP Ruby Dhalla
Dhalla served in the House of Commons from 2004 to 2011. Interestingly, Dhalla, born to Indian immigrant parents, has promised to deport illegal immigrants and “clamp down on human traffickers.” Dhalla’s stance sets her apart from the other Liberal candidates on the issue.
While Dhalla styles herself as an “outsider,” during her time as an MP, she worked to further abortion in Canada, voting against legislation to protect babies from violence in the womb.
In conclusion
It seems that no matter who is selected as the next leader of the Liberals, the party will remain one which prides itself on being pro-abortion, pro-LGBT, pro-euthanasia and globalist in vision.
While Trudeau may be taking the blame for the current state of the Liberal Party, with these 6 candidates it would appear that the party remains intent on pushing the same policies.
Although it is true that Trudeau’s political blunders, such as his repeated historical use of black-face or his inviting a Nazi-aligned World War II veteran into Parliament, have contributed to his popularity decline, it seems the policies behind the blunders are not his, but the Liberal Party’s itself.
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Trump’s ‘Drill, Baby, Drill’ Agenda Will Likely Take On An Entirely New Shape
From the Daily Caller News Foundation
By David Blackmon
During his campaign and since taking office, President Donald Trump often repeated his desire to bring back the same “drill, baby, drill” oil and gas agenda that characterized his first term in office.
But that term began 8 long years ago and much has changed in the domestic oil business since then. Current market realities are likely to mitigate the industry’s response to Trump’s easing of the Biden administration’s efforts to restrict its activities.
Trump’s second term begins as the upstream segment of the industry has enjoyed three years of strong profitability and overall production growth by employing a strategy of capital discipline, technology deployment and the capture of economies of scale in the nation’s big shale play areas. Companies like, say, ExxonMobil and Oxy and their peers are unlikely to respond to the easing of government regulations by discarding these strategies that have brought such financial success in favor of moving into a new drilling boom.
This bias in favor of maintenance of the status quo is especially likely given that the big shale plays in the Permian Basin, Eagle Ford Shale, Bakken Shale, Haynesville and the Marcellus/Utica region have all advanced into the long-term development phases of the natural life cycle typical of every oil and gas resource play over the past 175 years. Absent the discovery of major new shale or other types of oil-or-natural gas-bearing formations, a new drilling boom seems quite unlikely under any circumstances.
One market factor that could result in a somewhat higher active rig count would be a sudden rise in crude oil prices, if it appears likely to last for a long period of time. Companies like Exxon, Chevron, Oxy and Diamondback Energy certainly have the capability to quickly activate a significant number of additional rigs to take advantage of long-term higher prices.
But crude prices are set on a global market, and that market has appeared over-supplied in recent months with little reason to believe the supply/demand equation will change significantly in the near future. Indeed, the OPEC+ cartel has been forced to postpone planned production increases several times over the past 12 months as an over-supplied market has caused prices to hover well below the group’s target price.
But it is wrong to think the domestic oil industry will not respond in any way to Trump’s efforts to remove Biden’s artificial roadblocks to energy progress. Trump’s efforts to speed up permitting for energy projects of all kinds are likely to result in a significant build-out of much-needed new natural gas pipeline capacity, natural gas power generation plants and new LNG export terminals and supporting infrastructure.
Instead of another four years of “drill, baby, drill,” the Trump efforts to speed energy development seem certain to result in four years of a “build, baby, build” boom.
Indeed, the industry is already responding in a big way in the LNG export sector of the business. During Trump’s first week in office, LNG exporter Venture Global launched what is the largest energy IPO by value in U.S. history, going public with a total market cap of $65 billion.
With five separate export projects currently in various stages of development, all in South Louisiana, Venture Global plans to become a major player in one of America’s major growth industries in the coming years. Trump’s Day 1 reversal of Biden’s senseless permitting pause on LNG infrastructure is likely to kick of a number of additional LNG projects by other operators.
The Trump effect took hold even before he took office when the Alaska Gasline Development Corporation entered into an exclusive agreement in early January with developer Glenfarne to advance the $44 billion Alaska LNG project. The aim is to start to deliver gas in 2031, with LNG exports following shortly thereafter.
America’s oil and gas industry has demonstrated it can consistently grow overall production to new records even with a falling rig count in recent years. Now it must grow its related infrastructure to account for the rising production.
That’s why Trump’s “drill, baby, drill” mantra is likely to transform into “build, baby, build” in the months and years to come.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
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