Commentary by Daniel J Towsey
The title of this post is “The crime of the Canadian Banking System’ and below you will find that articles’ content as well as many other articles, documentaries and more about what I understand it to be.
The criminalization of the banking system.
Doing honest and accountable banking and lending money at interest is not in it self a crime of any sort.
The criminalization of the creation the money is the crime.
Private corporate banks should never be permitted to create the peoples money, and under the existing laws of Canada are not permitted to.
Only the peoples government of our country we call Canada is permitted to create money.
This holds everyone and the people’s government of Canada’s always accountable to all the peoples of Canada.
Any conspirators that create money out of thin air in a computer file are financial corporate criminals.
Corporatism is the disease that is destroying everything on this planet.
We need to go back to the system of registered Companies and outlaw any and all systems of the criminal conspiracy of the structure of doing business we call” The Corporation”
Be sure to see this post so you can learn how it began.
The “Oh Canada Movie” – Our Bought and Sold Out Land
Uploaded on Aug 1, 2011
The “Oh Canada Movie” “This entertaining film explores the history of banking, the selling out of the prosperity of Canada, the clearance sale of Canadian businesses and the political liquidation of public infrastructures to the multi-national corporate oligarchy.
“How has this led to the biggest economic crash / recession / depression in Canadian history? Could it have something to do with our politicians listening to international bankers and corporations instead of the people Canada? How does the Canadian banking system really work? How does the central Bank of Canada compare with the American Federal Reserve?
“This movie presents these issues that affect every Canadian from the perspective of and delivered by concerned youth in a astute and colourful manner. This is a serious journalism piece that asks the tough questions directly to such politicians as Former Prime Minister of Canada Paul Martin, Canadian Finance Minister Jim Flaherty, Green Party Leader Elizabeth May, Ontario Gas Man Dan McTeague, NDP Leader Jack Layton, Mayor of Oshawa John Gray, Former Prime Minister of Canada John Turner and many more!
Olivia Chow “25 Years in the corporate world (now retired) already was cognizant of most material, I must say this movies is Simply Stunning. This is the best (real) reporting I have seen emanating from Canada in the last 20 years..”
*Disclaimer-Dan Matthew provides no endorsement of the amy2x Channel or the use of his work on the amy2x Channel.
Canada Under Siege
Bilderberg Group in Control of the Bank of Canada since 1974) (HD)
Published on Jun 8, 2013
The Bank of Canada has the power to make the Canadian economy’s national currency basically interest free, the way they did from the 1940s — 1974 where Canada’s national debt never really reached above 18 Billion.
In 1974, Canadian members of the Bilderberg Group such as Pierre Trudeau and former Governor of the Bank of Canada Gerald Bouey changed the policies of the Bank of Canada that gave power to private banks to create our currency. Gerald Bouey member of David Rockefeller’s Trilateral Commission. Rockefeller is also a chairman of the Bilderberg group.
Since the changes have been made the Bilderberg Group has been in full control of Canada’s currency by allowing private banks to secretly control the Canadian’s national currency by issuance of credit. This film exposes who the Bildergroup are and the individuals that had to do with the changes and exposes the end game cashless society agenda. They want establish one world govt, is the MintChip the first step to convert the world to nwo digitized economy?
Federal Debt To Reach $600 Billion:
RFID – Cashless Society Coming to Canada – MintChip – Royal Canadian Mint – 666 The Mark Of Beast?
Published on Sep 5, 2013
This video was uploaded by FrankieGotz
Originally Titled: Cashless Society Coming to Canada, MINT (RFID) CHIP
I am uploading this video to help bring this information to more people.
FYI – This video is part of a playlist I called “RFID – Sunday Law – Sabbath is Saturday – GMO – Changing DNA”. Click on the link below if interested in checking out more videos on this topic and what I believe are related topics, for the mark of the beast, 666 and why I believe Sabbath still stands and it is on Saturday not Sunday.
Description: One of the main goals of the new world order is to put RFID chips implanted under human where everyone’s income is stored on that chip. This way when people owe money on taxes the government can just deduct it without their consent and also if there are dissidents against the government’s actions then the government has the power to turn off their chip and those people will be unable to earn a living.
The Royal Canadian mint has announced that it has stopped manufacturing pennies in March 2012 and now the Canadian Mint is unveiling a new digital chip-based currency. The Mint announced the Mint chip last week, which can be loaded up, stored, and spent in store or online.
This is pure new world order agenda and has to be stopped before all our monetary freedoms will be gone. If this chip is accepted by the ignorant population that means literally every transaction will be recorded into a database and there will be no more such thing as obtaining cash under the table free from unlawful taxes (extortion fees). I wouldn’t doubt that every transaction you make will cost money too, take a look how most banks treat people who use their debit cards.
Spread this message and try to inform everyone of the dangers of electronic currency
Main C.A.N YouTube Channel:
The Turning Point (documentary exposing Bildberberg Group):
Richest CEOs Are Bankers, Poloz New Governor of BOC, 2013 BILDERBERG AGENDA & MintChip [NEWS REPORT] :
Exposing Justin Trudeau and Pierre Trudeau (Power Corp, Bilderberg and Usury Crimes) :
2013: CANADIAN BILDERBERG Participants and Sinister Agendas Leaked:
Royal Canadian MINT Chip Might Soon Replace Cash:
Uploaded on Apr 29, 2011
We the people own the Bank of Canada, so why do we the people allow private bankers to own us?
The Canadian Taxpayers Federation
Canada Issued Debt-Free Money From 1935-1974
The Banker tell the truth
Published on Jul 2, 2013
Paul Hellyer Former Defence Minister of Canada – UFO’s, free energy and the global financial fraud
Published on Jan 2, 2013
At 89, former Canadian Cabinet Minister Paul Hellyer is still as active as ever, and deeply engaged in a wide variety of world issues, the most urgent of which is the world monetary and financial system. In this discussion we talk about free energy suppression, the subject of UFO’s/ET’s, the global financial fraud/meltdown and more. I encourage everyone to do their own research into these various subjects and draw your own conclusions. More information on Paul Hellyer’s work can be found at http://www.paulhellyerweb.com.
Advice from ETs by Paul Hellyer former Minister of Defense of Canada
“Yes its true we have been in contact with your government. It is also true that agreements have been made and kept secret from your people. We contacted your leaders because your planet is in great trouble. Your leaders said the vast majority of the people was not ready for anything like us yet.”
Restore The Use Of The Bank Of Canada Lawsuit – Press Release
Uploaded on Dec 23, 2011
December 22 2011, Toronto Ontario
Constitutional Lawyer Rocco Galati explains the lawsuit against the Bank Of Canada and the Finance minister.
Thank you to canawareness for being the media on this very important issue.
Full press release:
Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform) on December 12th, 2011 filed an action in Federal Court, to restore the use of the Bank of Canada to its original purpose, by exercising its public statutory duty and responsibility.
That purpose includes making interest free loans to municipal/provincial/federal governments for “human capital” expenditures (education, health, other social services) and /or infrastructure expenditures.
The action also constitutionally challenges the government’s fallacious accounting methods in its tabling of the budget by not calculating nor revealing the true and total revenues of the nation before transferring back “tax credits” to corporations and other taxpayers.
The Plaintiffs state that since 1974 there has been a gradual but sure slide into the reality that the Bank of Canada and Canada’s monetary and financial policy are dictated by private foreign banks and financial interests contrary to the Bank of Canada Act.
The Plaintiffs state that the Bank of International Settlements (BIS), the Financial Stability Forum (FSF) and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer nations in their place which has now expanded to all nations in that these financial institutions largely succeed in over-riding governments and constitutional orders in countries such as Canada over which they exert financial control.
The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB) (successor of FSF), their minutes, their discussions and deliberations are secret and not available nor accountable to Parliament, the executive, nor the Canadian public notwithstanding that the Bank of Canada policies directly emanate from these meetings.
These organizations are essentially private, foreign entities controlling Canada’s banking system and socio-economic policies.
The Plaintiffs state that the defendants (officials) are unwittingly and /or wittingly, in varying degrees, knowledge and intent engaged in a conspiracy, along with the BIS, FSB, IMF to render impotent the Bank of Canada Act as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and bypass the sovereign rule of Canada through its Parliament by means of banking and financial systems.
For more information on the case against the bank of Canada visit:http://comer.org/ COMER — Committee on Monetary and Economic Reform
“Give me control of a nation’s money and I care not who makes the laws.” ~ Mayer Amschel Bauer (1744-1812), Godfather of the Rothschild Banking Cartel of Europe.
Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile. ~ William Lyon Mackenzie King (1874-1950), Tenth Prime Minister of Canada.
Lawsuit Court Bank Of Canada BOC Constitution Powers Parliament British North America Act 1867 BNA Act Finance Minister Jim Flaherty Politics Political Stephen Harper Justin Bieber lol Mark Carney Sovereirgnty Debt Free Monetary Money Depression Recession Policy Freedom Rights Ontario Globalism Federal Court Economy Hockey Economics Crisis News IMF NHL World Federal Reserve Ron Paul Coinage Currency Country Silver Gold
Canada’s New $100 Polymer Bank Notes
Uploaded on Nov 21, 2011
“These new notes contain a unique combination of transparency, holography and other sophisticated security elements.” says Mark Carney, Governor of the Bank of Canada.
Money As Debt – Full Length Documentary
Uploaded on Feb 15, 2012
Essential viewing on money and the banking system. Money As Debt is a fast-paced and highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today’s magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand.
“When banks extend loans to their customers, they CREATE money by crediting their customers’ accounts.” – Sir Mervyn King, Speech to the South Wales Chamber of Commerce at The Millennium Centre, Cardiff on 23rd October 2012
For further evidence of this in the UK please visit the Bank of England website, who also in a “brief history of banknotes”, explain this.
As quoted from this history:
“Britain finally left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold.”.
Question is, WHAT securities?
Why Gold & Silver? FULL MOVIE – Mike Maloney
The Goldman Sachs Influence In The Bank Of Canada
Bank Of Canada BOC Finance Minister Jim Flaherty Stephen Harper Mark Carney Sovereirgnty Monetary Money Depression Recession Policy Freedom Rights Ontario Globalism Federal Court Economy Economics Crisis News IMF World Federal Reserve Ron Paul Coinage Currency Country Silver Gold
Mark Carney Hired As World Banking Regulator
Stop Outsourcing The Printing Of Our Currency
Uploaded on Oct 18, 2011
October 15th, St. James Park. Toronto Canada.
Stop Outsourcing The Printing Of Our Currency To A Foreign Corporation.
BA INTERNATIONAL Inc. was established as a security printing company, located in Ottawa, Canada in 1866. Since October 1999, BA INTERNATIONAL Inc. is now part of the Giesecke & Devrient GmbH group of companies and operates as an independent legal entity.
Global Day of Action Occupy@ Canadian cities include Toronto, Montreal, Vancouver, several other cities in B.C., Ottawa, Sault Ste. Marie, Edmonton, Calgary, Saint John, Moncton, St. John’s and many more.
OccupyStreams – Over 400 Live Video Feeds Around The World.
Goldman Sachs And The Bank Of Canada
Bank Of Canada, BOC Finance Minister Jim Flaherty, Stephen Harper, Mark Carney, Sovereignty, Monetary, Money, Depressio,n Recession, Policy, Freedom, Rights, Ontario, Globalism, Federal Court, Economy, Economics, Crisis, News, IMF, World, Federal Reserve, Ron Paul, Coinage, Currency, Country, Silver, Gold, Alberta ,British Columbia, Manitoba, New Brunswick, Newfoundland, Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Northwest Territories, Nunavut, Yukon, Toronto, Montreal, Vancouver, Calgary, Ottawa, Edmonton, York, Winnipeg, Hamilton, Kitchener, Waterloo, Sovereignty, Freedom, Peace, War, Afghanistan, Libya, Troops, Soldiers, Army, Military, Federal, Election, Coverage, Leaders, Debate, CBC, News
NWO Technology to enslave the sheeple after Population Reduction?
BANKSTERS ECONOMIC TRYANNY=ULTIMATE ENSLAVEMENT OF HUMANITY BY 2020
Published on Jan 19, 2014
THIS IS A CLIP FROM THE FILM THE 4 HORSEMEN. IT EXPOSES THE BANKSTERS AND CORPORATIONS AGENDAS FOR THE ENTIRE EARTHS ENSLAVEMENT OF EVERYONE UNDER A GLOBALIST ECONOMIC SYSTEM.
GOVERNED BY CORRUPT ROGUE GOVERNMENTS IN USA, EU, CHINA, AFRICA AND OTHERS TO MAKE SURE THAT ALL PEOPLE WILL BE LIVING UNDER A MARXIST TOTALITARIAN POLICE STATE SPYING GOVERNMENT GLOBAL SYSTEM.
THEIR GOAL IS BY 2020 OR SOONER. THEY WANT US TO BE THEIR TOTAL SLAVES AND DONT THINK THEY WONT GET THIS DONE.
UNLESS WE DO EVERYTHING WE CAN TO STOP THEM. WAKE THE HELL UP SHEEP! BEFORE IT’S TO LATE!
Enslaved by Smart Technologies in Canada and the world:
It seems like now a days you can’t go a day without hearing some type of advertisement about smart technologies such as smart meters, smart appliances, smart cards, smart energy smart homes and smart grid.
Technology and the interne allowed us to advance and has enabled us to connect in ways never before imagined but as time keeps slipping into the future the more and more I see the internet being expanded and used as a systematic tool to spy on populations with integraded smart technologies that will be essentially used to control everything within what is called a ‘smart grid’.
The settings protrayed in the famous book written by George Orwell “1984” are coming into our reality, futuristic technological enslavement where big brother has full control of everything and knows all our actions at all times.
A lot of people labelled as conspiracy theorist have warned the general public for years, and as we drift further past 2012 into the future the more it seems that those labelled as conspiracy theoristare becoming correct in some of the things they are trying to warn the public about.
This film examines and explains The Smart Grid and how it will be used with integrated “smart” technologies to spy and control everything. This film will explain how it’s all interconnected to an agenda to put fourth from the United Nations years ago known as Agenda 21.
[This film will give minor detail on Agenda 21 but enough to give the viewer a better understanding. I encourage everyone to further the investigation and stay tuned for Candian Awareness Network’s upcoming film “The Rise of the United Nations Agenda 21”.]
Main C.A.N YouTube Channel:
End Game (Infowars documentary about the NWO and Bilderberg):
THE CRIME OF THE CANADIAN BANKING SYSTEM – Bill Abram
Uploaded on Dec 30, 2011
Check this out
The Case Against The Bank Of Canada
Uploaded on Dec 29, 2011
For more information on the case against the bank of Canada visit: http://comer.org/
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More on how banks place a nation in debt-
Let’s start with the truth of the situation. Our country and our religion, our politicians and our bankers, could use a little mercy now.
Uploaded on Sep 14, 2010
WAKE UP Canada … Canadians need to realize that they too are living with the same type of Federal Reserve private banking fraud.
http://www.snowshoefilms.com/Check out my blog
Exposing Corporate and Government Tyranny
http://mypage.uniserve.ca/~claytunes/blog/or my You Tube page
http://www.youtube.com/user/claytunesOr my new page
Exposing Corporate and Government Tyranny
The Decline and Fall of Canada. Prepare Yourself Accordingly.
Published on May 19, 2013
Stefan Molyneux, host of Freedomain Radio, deconstructs the myths of Canada’s economic strength. Prepare Yourself Accordingly.
Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at: http://www.fdrurl.com/donate
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Corrupt Canadian Banking System: A 12-Year-Old Exposes the Fraud Committed Against the People
Published on May 21, 2012
Victoria Grant explains why her homeland of Canada and much of the world is debt-ridden and bankrupt. (April 27, 2012 – Public Banking in America Conference, Philadelphia, PA.)
Kings of Corruption
Canada Under Siege – Part 1 – The Tar Sands, Free Trade, & Government
Canada Under Siege – Part 2 – The Economy
Published on Mar 26, 2013
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World United News
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Watching the World descend into economic tyranny due to the IMF and Private for Profit only Banks, really angers the hell out of me, but being Canadian, it especially angers me for what is going on here in Canada…because our government is a party to the theft taking place right here…and that is regardless of what brand of politic sits in governance of our nation.
I was brought up believing that the Banking system in Canada was sound and far superior than the rest of the World simply because we had our own National Bank to issue our own money…and from 1935 to 1974 that was certainly true. But it has not been true since.
World United News
Crime of the Canadian Banking System
Oh Canada, Our Bought & Sold Out Land
Oh Canada Movie ORDER DVD
Press for Truth
The Canadian Chamber of Commerce
Chambre de commerce et d’industrie de Quebec — (The Quebec Chamber of Commerce)
Bank of Canada — Official Website
The Bank of Canada Act
Banknotes of the Canadian Dollar
Canadian Banknote Company – Owned by American Mega Corp. RR Donnelley
BA International prints Canadian Dollars and is German Owned
Bloomberg – Company Overview of BA International Inc. — German Owned
Canadian Crown Corporation
Canadian National Railway — Privatized in 1995
Air Canada — Privatized in 1988
Petro Canada — Privatized in 2009
Below are reposts please do go to the original site here for great information.
If you grew up in the 1950s and 1960s, you remember a time when the average husband could easily support his family – without putting his wife to work.
You remember a banking system that was a good, honest steward of your money.
And you remember when a dollar was a dollar… and every dime and quarter was made of 90% silver.
Today, millions of two-income families are struggling to make ends meet.
The banking system rakes in billions of profits, while the qualifying age of the Canada pension plan has been pushed from 65 to 67 years.
The same $1 that once bought you three gallons of gas will only buy you one-fourth of a gallon. And the price of everything else, from health care to food to electricity and even college tuition continues to soar.
Make no mistake, this dollar crisis is destroying the North-American middle class.
Its chief architects have been in the US, the privately controlled “Federal Reserve”, and in Canada, the governor of the Bank of Canada who encourages high interest rates, and the issuance of government debt by privately controlled Chartered Banks.
How the private Banking industry is a con.
For example: A private bank gets 200 hundred thousand dollars in deposits. Under the ‘fractional reserve’ banking system, Banksters are allowed to loan out that 200 hundred thousand dollars….twelve times. Thus, one person gets the original 200 hundred thousand, and eleven other borrowers get their $200,000 money ‘created out of nothing’ (ie: a computer entry).
So, when you or I take out a 200 hundred thousand dollar mortgage loan to purchase a house, while the bank simply makes a computer entry to create that fictional 200 hundred thousand dollar loan, you and I must do ‘real’ work, ‘real’ labor and earn ‘real’ wealth to pay off not only the original 200 hundred thousand dollar loan, but if it takes us 25 years to pay off the mortgage then we will also have to pay ‘compiling’ interest charges on that loan which would amount to another 200 hundred thousand dollars. Thus, Banksters get 400 thousand dollars of our real, hard-earned wealth, for every ‘fictional’ $200,000 dollars they create and loan to the borrower.
Once the general population understands this, the dominoes start to fall in place.
Deryl Zeleny Exposes the MASSIVE Corruption of Governments & Banks
Next, a 27 year veteran of the Canadian Armed Forces explains massive corruption of Governments and the Banking industry not only in Canada, but across the globe.
Following is a recent report as of May 9th, 2013.
Retired Captain Deryl Zeleny was unlawfully held in custody for four days as Canadian foreclosure machine unsuccessfully attempted to silence him.
In this new interview with Captain Deryl Zeleny, Royal Canadian Air Force (retired), we cover the latest series of events in Deryl’s campaign to reveal to the world the corrupt nature of the Canadian banking/court/police/ mortgage-foreclosure machine.
This interview first summarizes Deryl’s story to date and picks up the story from when a removals team, including a representative from a company purported to be the manager of properties, foreclosed on by the Bank of Canada.
Deryl had returned to his property to protect it and his possessions, as he had discovered that deliberate theft of heavy equipment by agents acting for the bank as is his right in Canada had occurred. When he asked the property managers to leave on the basis they were trespassing on his property for unlawful purposes, the police were called and arrested Deryl.
That began a 3 night, four day battle of nerves as the Crown Solicitors tried to impose unlawful sanctions to stifle Deryl’s ability to communicate this incident to his wide audience which includes the military. The initial charge of trespass which should have resulted in a ticket and a brief visit to the police station, magically became a criminal charge of forcible entry at the request of the Bank of Canada.
In order to be bailed out the Crown stipulated that a surety (guarantor) had agree to supervise Deryl and that he not be allowed to publish, use the internet, telephone or communicate with his “followers”. (You mean the one people?) He spent three nights in three different facilities as they feared “crowds” might gather.
Deryl rejected all attempts to gag his communications as part of the bail terms and when his surety pointed out to the last solicitor that they were attempting to politically censor Deryl, the Crown capitulated and removed the communications bans. He was released from Quinte Detention Centre, Ontario on Friday 3rd May 2013. The details are in the interview.
21 Trillion dollar hoard hidden from taxman by global elite
There is no such thing as the ‘trickle-down effect’. Because the wealthy .001% do not really believe in abundance, they hoard their wealth in offshore accounts.
Instead of ‘recycling’ their wealth back into the economy…instead of paying their fair share in taxes and reducing national deficits…they stop the flow of abundance to the working citizens by hoarding that wealth in ‘protected offshore banking institutions’ …all out of fear of losing their billions and trillions.
The wealthy global elite do not believe in abundance, they believe in ‘lack’. Hence, hardly a ‘trickle’ of that wealth is ever shared across the globe.
Rigging the Libor – the inter-bank lending rate and one of the primary benchmarks for short-term interest rates.
Ben Bernanke, chairman of the Federal Reserve, told the US Senate that he could not guarantee that libor rates were no longer being manipulated.
Timeline of the Rate-fixing scandal
The Fed, Ben Bernanke and the rotten Libor
Ben Bernanke had an obligation as Fed chair to expose and stop the rigging of inter-bank lending rates. http://www.aljazeera.com//indepth/opinion/2012/08/201287104553581785.html
The Confiscation of Savings in Canada? Cyprus-Style “Bail-Ins” Proposed by Ottawa Government
By The Economic Collapse Blog
Financial Terrorism by the International Monetary Fund
Money as Debt
450 Banker Resignations ?
It has grown to 594 Banker resignations.
For those who do not understand, Russia is one of the top member nations in the UN Security Council.
A Brief History of the Bank of Canada – its success followed by its demise
See the video for graphs and explanations:
<p><a href=”http://vimeo.com/21102860″>Face to Face with the Canadian Action Party</a> from <a href=”http://vimeo.com/user2801377″>Victoria Indy TV</a> on <a href=”https://vimeo.com”>Vimeo</a>.</p>
In 1934, or thereabouts, The ‘non-private’, Bank of Canada was created as a Government-owned bank.
It was created to help build our air-force and naval fleet, our railways, our St. Lawrence seaway, the Trans Canada highway, our pensions, and our social security system….interest free ( or minimal interest charges to say the least).
The Government wisely spent this Bank of Canada-issued money, without having to pay exorbitant ‘interest’ charges.
If there were any ‘interest charges’ they were immediately recycled back into the federal government coffers.
From 1939 to 1970, Canada’s federal Government had a minimal national debt of under 18 billion dollars.
Since 1974, private bankers (Chartered Banks) have taken over the issuance of loans to the Government….and today Canadian taxpayers pay out 60 billion ‘extra’ dollars per year as ‘interest’ charges to these ‘privately-controlled’ Chartered banks.
It is also a salient point to note that the combined federal/provincial ‘corporate’ tax rates began to be reduced dramatically, beginning in the late 60’s.
This also reduced federal government revenues on a consistent basis. Today in 2012, corporate tax rates in Canada are half what they were in the early 60’s. That is a tremendous loss of government revenue to say the least.
Where is the ‘trickle down’ effect of these policies?
The national debt in Canada has grown in the last 40 years to almost 600 billion dollars. Our wealth is disappearing to private lenders. For example: from 1981 to 1995, the Government collected 619 billion dollars in income tax.
But because our debt was owed to ‘private-controlled’ Chartered’ banks, instead of the Government-owned Bank of Canada, the Government paid out 428 billion dollars in ‘interest charges’ to the ‘private’ banking institutions in that 14 year period!
That means that 3/4 of all income tax collected in Canada goes to paying off the private banking ‘interest charges’ on the federal debt.
This explains where our income tax dollars are going. In America, it was stated by President Ronald Reagan that 100 % of income tax collected went to pay the ‘interest charges’ to the privately-controlled Federal Reserve. http://circleof13.blogspot.ca/2008/04/1984-grace-commission-report-under.html
And once people understand this, then we see that the Bank of Canada must control the issuance of Government debt once again. Over-taxation, selling off of crown corporations, privatization, and cuts to services across the country is not necessary.
The ‘ interest’ charges must be eliminated from our Government’s future borrowing. The mega-billion dollar federal debt can, thus, be paid off. Government borrowing can be ‘interest free’….or reduced dramatically.
Stop paying out 60 billion dollars per year in ‘interest’ charges to private banking firms. Then, funding for higher education, ‘preventive’ healthcare, infrastructure development, and mega-projects to encourage green energy technologies, can be found. The Canadian Government, and the populace, can re-circulate that wealth, as they did from 1939 to 1970, without increasing the national debt.
Imposing Austerity on the World’s Most Resource-rich Country
by Ellen Brown
When interest rates are reduced or removed, federal government credit goes to work for the citizens of the nation:
This Wikipedia quote sums up the whole scenario.
“As prime minister, Erdoğan implemented numerous reforms. 45 years after Turkey signed an Association Agreement with the EU, the negotiations for Turkey’s accession to the EU started during Erdoğan’s tenure. Parallel to this, inflation, which had for decades adversely affected thecountry’s economy, was brought under control and the Turkish Lira regained its former prestige through the elimination of six zeros.
Interest rates were reduced and per capita income grew significantly.”
Let’s hear that again:
“Interest rates were reduced and per capita income grew significantly.”
Other points to consider:
1) Canada’s 75 Billion Dollar Bank Bailout
The $64 Billion Federal Budget Deficit is intended to Finance Canada’s Chartered Banks. ‘Chartered Banks’ are privately-controlled, for profit, lending institutions.
In a bitter irony, the banks lend money to the federal government to finance the bailout, and with the money raised through the sale of government bonds and T-Bills, the government finances, via the Canadian Housing and Mortgage Corporation, the bank bailout. In other words, those 75 billion dollar federal government loans via CHMC, go right back into the Chartered Banks.
2) Fractional Reserve Banking consists of loaning out ‘fictional’ reserves
In a nutshell, ‘Fractional Reserve’ banking fraud is where banking financiers only have ‘fractional’ as opposed to ‘complete’ reserves to cover their loans.
Private banks loan out more money than they have. Banks often loan nine to eleven times more money than they hold in reserve. So in reality, one could say it is a ‘Fictional Reserve’ banking scam. Their loans are nothing more than ‘computer entries’.
Let us not forget that these privately-controlled banking institutions charge ‘interest’ on all their loans (which are nothing more than computer entries). Even the ‘nationalized and non-privately controlled’ Bank of Canada successfully funded the federal government of Canada mega-projects from1939-1974, without the need to charge ‘interest’….and without putting the nation into ‘debt-servitude’.
Any interest charges that were collected were recycled back into Federal government revenues, as opposed to going to the privately controlled Chartered Banks.
Congressmen Ron Paul and Dennis Kucinich come clean
– Rid America of the privately controlled Federal Reserve
It is a privately-owned institution, for profit by member bankers. It is not likely there are any gold ‘reserves’ in the Federal Reserve.
The Money Masters– Full-Length (3hrs 19m)
Uploaded on Sep 5, 2011
This video is from: http://www.youtube.com/watch?v=JXt1ca…
THE MONEY MASTERS is a NON-FICTION, historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth.
With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.
If you like this film, please share it with a friend and support the makers by purchasing a full quality DVD here
NEW – Secret of Oz DVD (Updated version of The Money Masters)
Solution in simple format
Global Hope – A Plan to End the Global Financial Crisis
Raising the Standard of Living – The Mondragon Cooperative
Successful Capitalism through Cooperative Industry, Cooperative Banking, and Cooperative Education.
A full length documentary which reveals successful capitalism is brought through the implementation of Cooperative manufacturing and industrial plants, Cooperative banking institutions, and Cooperative healthcare and education initiatives.
Iceland’s solution – Prosecute the Bankers
No news from Iceland… why?
How come we hear everything that happens in Egypt but no news about what’s happening in Iceland:
In Iceland, the people has made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics and a public assembly has been created to rewrite the constitution.
And all of this in a peaceful way.
A whole revolution against the powers that have created the current crisis. This is why there hasn’t been any publicity during the last two years: What would happen if the rest of the EU citizens took this as an example?
2008. The main bank of the country is nationalized.
The Krona, the currency of Iceland devaluates and the stock market stops.
The country is in bankruptcy2008. The citizens protest in front of parliament and manage to get new elections that make the resignation of the prime minister and his whole government.
The country is in bad economic situation.
In March the referendum and the denial of payment is voted in by 93%. Meanwhile the government has initiated an investigation to bring to justice those responsible for the crisis, and many high level executives and bankers are arrested.
25 citizens are chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people.
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its peopleHave we been informed of this through the media?
Has any political program in radio or TV commented on this?
The Icelandic people have been able to show that there is a way to beat the system and has given a democracy lesson to the world
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