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Is Your Money Safe? The Truth About Canada’s Programmable Cash

Ragona Sisters: Canadian Real Estate & Market Talk

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Is programmable money the next step for Canadian banking? We analyze the shift from frozen bank accounts to smart contracts.

Finance Canada has confirmed the use of extraordinary financial powers without court orders, raising significant questions about the future of asset control. We examine how this regulatory environment intersects with Project Agora, a new initiative testing conditional payments across 28 global institutions. This technology utilizes smart contracts to automate transactions, marking a major departure from traditional banking methods.

By reviewing the recent July 2024 tests involving CHF 800K in transactions, we explore what this infrastructure means for your personal financial privacy. Understanding these digital currency developments is essential for anyone tracking how government policy and banking technology are converging in the current economic landscape.

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Disclaimer: This video, and all videos on the Ragona Sisters Real Estate & Market Talk channel, are for informational and entertainment purposes only. Not financial or legal advice.

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Chapters
0:00 Frozen Accounts and the Future of Banking
1:55 Tokenized Deposits: The New Banking Plumbing
3:54 Who Holds the Keys to Your Financial Freedom?
6:53 Lessons from the Emergencies Act
11:24 Moving Wealth in a Programmable World

20 Comments

@ajl5710 2 days ago

No to CBDC's, this is the end of freedom.

@Gen2Fbody 2 days ago

Your deposit into your bank account is a “unsecured loan”to your bank.

@iBot2027 2 days ago

Programmable money is not legal tender and neither is digital currency of any kind. Once we accept programmable money or any form of digital currency, we are dead in the water. They can do whatever they want. Freezing bank accounts was the first step towards blackmailing citizens into accepting CBDC. Idiots used real currency to by tokens AKA Bitcoin and other forms of the same shit.

We were warned years ago by the WEF. "You will own nothing and be happy." ~Klaus Schwab

But we were too busy playing on our digital devices to take notice of yet another HOAX, bigger than the one that occurred in 2020. The first one was an attack on our health, this one is an attack on our finances as well as the housing market. Financial genocide on Canadians.

They are not going to stop there until they get every hard working cent from law abiding citizens who have invested for decades for their retirement.

Is that why they took all our guns away!!?

@SWA-999-o7x 2 days ago

Crazy times, a second passport is a must folks!

@jeffbryan3224 1 day ago

The government and private bank businesses collaborated to freeze citizens accounts. Is that not Fascism?

@cathyfleischmann7067 2 days ago

Thank you for speaking about this subject and for being aware of the potential possiblities of this technology.

@Jenbak 2 days ago

WEF. If you spend too much on gasoline, or diesel, propane, natural gas, food, beef etc, they will not all you to use your money! China model. You will own nothing and be happy and you will eat crickets.
Carney is the head of the WEF!
He and they are climate change zealots bent on saving the world.
Carney rules the banks!

@LindaCuculuzzi 2 days ago

You will be a serf, do you really think our government will be transparent about programable digital funds? Dream on.

@SneekyRafiki 1 day ago

CASH IS KING!

@spareadime5418 2 days ago (edited)

The moment you deposit your physical currency or digital into a financial institution you legally become an unsecured creditor if the bank goes under or change the rules you become an unsecured lender

@SneekyRafiki 1 day ago

As always, this digital currency will only protect the banks!
My bank account, is supposed to be mine. I don't want the government touching it with their sticky fingers!

@bernl178 1 day ago

Bottom line cash is personal. Plastic isn't plastic is a litany of controls, whereas cash is undercover. The public needs to be educated on the realities of where this could lead

@JPs-q1o 2 days ago

Who's writing the digital rules on your "Canadian" tokens? Ultimately? CHlNA!

@smity25ca 1 day ago

I have a good feeling that the Sun has a CME that will put an end to all their plans 🤷🏻‍♂️🙏

@NibsNiven 1 day ago

Another piece of the puzzle falls into place. Now they don't even have to create another currency to control its use - they can just "tokenize" already existing money! Diabolical move by humanity's greatest enemy, the Bank of International Settlements.

@LDonovan-z6l 2 days ago

Solid info , Canadian military also gave warning on cbdc’s

@rick_. 2 days ago

I'm concerned that this is the opening salvo for governments tracking the history of every dollar.

@Leo-le2kc 2 days ago

Insurance on this tokenized currency??? Who knows??? Hacking insurance??? Again who knows?????
Charter of rights violated by government, yet no accountability. The list goes on and on……

@Greg-t7p 20 hours ago

You do not own currency issued by The Bank of Canada You are allowed to use it. You can own silver and gold money There is a difference between currency and money. Thats the problem we are experiencing , the people dont know very much about what money is.