CANADIAN CITIZENS COALITION FOR MONETARY REFORM
Our country needs your help. Since 1938, based on its constitutional mandate, by exercising its public statutory duty and responsibility, the Bank of Canada provided interest-free (usury free) loans to the Canadian government. As a result of these loans Canada had increasingly become prosperous and developed quite substantially with the money created being used to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, funding the universal healthcare system, and the Canadian Pension Plan. That would last all the way until 1974, when the Trudeau government halted borrowing of money from the Bank of Canada, and instead, started borrowing from private banks at high compounded interest rate (see: Short History of the Bank of Canada prudentpress.com/finance/history-bank-of-canada/ ).
Presently, as a result of that unconstitutional change of policy in 1974, Canada’s total national debt, including all three levels of the government (federal, provincial and municipal), is approx. 1.4 Trillion dollars. Most of it is built up of compounded interest owed to private financial institutions. The compounded interest owed every year is approx. 60 billion dollars.
Since 1974, Canada has paid over one Trillion dollars, in interest alone, on its debt. If it had been borrowing from its own public central bank (Bank of Canada) all along, it could be not only debt-free, but sporting a hefty budget surplus today.
Many Canadians are becoming more and more aware of the biggest robbery in Canadian history — a robbery that still continues to this very day, with approx. 170 million dollars being stolen from Canadians every single day. This is a violation of the Canadian Constitution, Article 91. It is also a violation of the Bank of Canada Act, Article 18, c, i, j.
William Lyon Mackenzie King had once said: “Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”
Our current national economic policy is dictated by private Canadian and international financial corporations, who control our government. Under the Canada Banking Act protection, commercial banks create money out of thin air, and lend it to unsuspecting Canadian businesses and citizens at irrational, immoral compounded interest, turning them into debt-slaves for the rest of their lives. Martin Wolf is widely considered to be one of the world’s most influential writers on economics. He is the associate editor and chief economics commentator at the Financial Times:
“One of these radical ideas was proposed by Martin Wolf in the Financial Times. He suggests stripping private banks of their remarkable power to create money out of thin air. Simply by issuing credit, they spawn between 95% and 97% of the money supply. If the state were to assert a monopoly on money creation [via public central bank], government could increase their money supply without increasing debt. Seigniorage (the difference between the cost of producing money and its value) would accrue to the state, adding billions to national coffers. Private commercial banks would be reduced to being servants, not masters, of economy.” — George Monbiot theguardian.com
In order to overcome the present municipal and provincial debt crisis and budget cuts, we could start a legislative process to establish municipal public banks in the same way as the City of Toronto: ccc4mr.wordpress.com/toronto-public-bank/
“Forming a provincial, regional, or municipal public bank need not be slow nor expensive. An online bank could be run out of a municipal Treasurer’s office and operational in a few months. And the bank could be turning a profit immediately without spending the local government’s own revenues,” says Ellen Brown of publicbankinginstitute.org. See more here: ccc4mr.wordpress.com/toronto-public-bank/
THE RIGHT TO CREATE MONEY SUPPLY IN CANADA MUST RESIDE WITH US, THE PEOPLE, VIA OUR PUBLIC CENTRAL BANK, THE BANK OF CANADA, BE REGULATED UNDER DEMOCRATIC CONTROL, AND NEVER AGAIN BE AN UNCONSTITUTIONAL PRIVILEGE OF PRIVATE CORPORATIONS.
We demand immediate termination of private banks’ monopoly to conjure money out of thin air. Politicians routinely laugh at the idea of restoring the Bank of Canada to its original constitutional mandate to exercise its public statutory duty and responsibility, and label those who raise questions as “conspiracy theorists.” However, this is not a conspiracy theory. This is a conspiracy — international banking conspiracy, as per lawsuit in the Federal Court of Canada (COMER vs. Canada, file number: T-2010-11). The Plaintiffs allege that the Defendants have acted in ways that are unlawful, unconstitutional and tortious in their handling of monetary and budgetary policy and administration in Canada. In their Claim, the Plaintiffs sought a number of declarations that the Defendants are required by the Constitution and the Bank of Canada Act, RSC, 1985, c B-2, to take, or refrain from, certain actions relating to their handling of fiscal and monetary matters, described further below. They also sought a declaration that the Defendants, along with certain international monetary and financial institutions, have engaged in a conspiracy to render impotent the Bank of Canada Act, as well as Canadian sovereignty over financial, monetary, and socio-economic, with injurious consequences to all Canadians:
“Defendants, wittingly and/or unwittingly, in varying degrees, knowledge, and intent, engaged in a conspiracy, along with the Bank of International Settlements (BIS), Financial Stability Forum (FSF), and International Monetary Fund (IMF), to render impotent the Bank Act, as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and in fact by-pass the sovereign rule of Canada, through its Parliament, by means of banking and financial systems.” — File number: T-2010-11, decisions.fct-cf.gc.ca
We, the People, must take action now, or forever be indebted to international bankers, and loose what little sovereignty we still have left.
“We live under a tyranny today that is just as intolerable and unjust as that in 1776, but violent revolution is no longer an option. Our oppressors own the military and the media, and their FEMA camps are waiting for us. If change is to come, it must be peaceful and legal, beginning with a revolution in the minds and hearts of the people. The message of the Public Banking in America Conference was that we can throw off the yoke of the international financial elite by making money and credit a public utility; and the most feasible place to start is at the local level, with publicly-owned banks.” — Ellen Brown www.ellenbrown.com
Canada was once great — let us make her great again.
Victor Hugo said: “Nothing is more powerful than an idea whose time has come.”
That time is now.
DOES YOUR POLITICAL PARTY SUPPORT THE MONETARY REFORM?
- Canadian political parties: www.elections.ca
DO YOU KNOW WHERE MONEY COMES FROM?
- Please, read this booklet to find out: easywebdesignsolutions.com/phellyer/images/money_cartoon.pdf Once you understand it, you will demand immediate termination of privately-owned banks’ monopoly to conjure new money out of thin air in Canada. Please, share this booklet with your MP.
INFORM YOUR MP:
- Find your MP: www.elections.ca
- Educate your MP: ccc4mr.wordpress.com/educate-your-mp/
- Members of Parliament: parl.gc.ca