singular_me
2nd February 2015, 05:05 AM
have googled it and can't find much about it due to a media blackout. Bill Still is the producer of the Money Masters blockbuster, is however someone that I trust.
Brave judge. Court ruling is appealing, now lets see as to whether they will implement it, thats another question.
-----------------------------------
JAN 28 2015
The Canadian court case the mainstream media will not cover
The Bank of Canada, unlike the Federal Reserve in the U.S., is wholly owned by the people of Canada. It was nationalized in 1938 and was used very successfully to fund infrastructure, social programs, education, etc, for the benefit of all Canadians. It was used to bring us out of the depression, funded WWII, to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, our universal healthcare system and our Canada Pension Plan.
Unfortunately, since Canada adopted economist Milton Friedman’s theory of monetarism in 1974 this has not been the case and one can track the progression of the dismantling of Canada since then.
By 1974, Canada’s accumulated federal debt since confederation was 18 billion. By 1977, after the government reduced its use of the Bank of Canada to carry public debt, it had risen 3000% to 588 billion. Today the debt is 500 billion, 95% which is compound interest owed to private banks and investors. Currently Canadian pay 37 billion approximately per year in debt servicing.
Canada Debt Free.. is it possible?
Did you know that the Bank of Canada used to make interest free loans to municipal/provincial/federal governments before 1974 ,when the total national debt was only 18 billion dollars and you could still buy a good house for under 20 thousand, inflation was just a word. Then it seems our officials decided to stop using the Bank of Canada’s ability to print interest free money and to borrow money from private foreign banks, that love compound interest .
Does that explain our ballooning NATIONAL DEBT problem? As well as the never ending call from all governments for more and more of our hard earned money. So what can we do about it? Well a few Canadians have filed an action in Federal Court to restore the use of the Bank of Canada. The crime of this story is that none of the mainstream media has covered it..... MORE
http://westcoastnativenews.com/the-canadian-court-case-mainstream-media-will-not-cover/
Published on Feb 1, 2015
Canadians sued the Bank of Canada, win over the creation of debt-free money (BILL STILL)
https://www.youtube.com/watch?v=40Jz0LPQAQY&x-yt-ts=1422579428&x-yt-cl=85114404
-------------------------------------
The press release follows below:
................ 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...........
CLAIM
The Plaintiffs claim:
declarations that:
the Minister of Finance, and Government of Canada is required to request, and that the Bank of Canada is statutorily required, when necessary, to make interest-free loans, on the terms set out under s.18 (i) and (j) of the Bank of Canada Act, RSC, 1985, c. B-2 (the €œAct€) for the purposes of €œhuman capital€ expenditures and/or municipal/provincial/federal €œhuman capital€ and/or infrastructure expenditures;
that the €œGovernment of Canada€, the Minister of Finance, and Her Majesty the Queen in Right of Canada, with the Bank of Canada,
A/ have abdicated their statutory and constitutional duties with respect to ss. 18(i) and (j) of the Bank of Canada Act which subsections read:
18. The Bank may
€
(i) make loans or advances for periods not exceeding six months to the Government of Canada or the government of a province on taking security in readily marketable securities issued or guaranteed by Canada or any province;
(j) make loans to the Government of Canada or the government of any province, but such loans outstanding at any one time shall not, in the case of the Government of Canada, exceed one-third of the estimated revenue of the Government of Canada for its fiscal year, and shall not, in the case of a provincial government, exceed one-fourth of that government€™s estimated revenue for its fiscal year, and such loans shall be repaid before the end of the first quarter after the end of the fiscal year of the government that has contracted the loan;
B/ and further that the refusal to request and make (interest free) loans under s. 18(i) and (j) of the Bank of Canada Act has resulted in negative and destructive impact on Canadians by the disintegration of Canada€™s economy, its financial institutions, increase in public debt, decrease in social services, as well as a widening gap between rich and poor with an continuing disappearance of the middle class......................... more
http://mises.ca/posts/blog/canadian-greenbackers-sue-canadian-government-and-bank-of-canada/
-------------------------------------
Brave judge. Court ruling is appealing, now lets see as to whether they will implement it, thats another question.
-----------------------------------
JAN 28 2015
The Canadian court case the mainstream media will not cover
The Bank of Canada, unlike the Federal Reserve in the U.S., is wholly owned by the people of Canada. It was nationalized in 1938 and was used very successfully to fund infrastructure, social programs, education, etc, for the benefit of all Canadians. It was used to bring us out of the depression, funded WWII, to build highways such as the McDonald-Cartier freeway, public transportation systems, subway lines, airports, the St. Lawrence Seaway, our universal healthcare system and our Canada Pension Plan.
Unfortunately, since Canada adopted economist Milton Friedman’s theory of monetarism in 1974 this has not been the case and one can track the progression of the dismantling of Canada since then.
By 1974, Canada’s accumulated federal debt since confederation was 18 billion. By 1977, after the government reduced its use of the Bank of Canada to carry public debt, it had risen 3000% to 588 billion. Today the debt is 500 billion, 95% which is compound interest owed to private banks and investors. Currently Canadian pay 37 billion approximately per year in debt servicing.
Canada Debt Free.. is it possible?
Did you know that the Bank of Canada used to make interest free loans to municipal/provincial/federal governments before 1974 ,when the total national debt was only 18 billion dollars and you could still buy a good house for under 20 thousand, inflation was just a word. Then it seems our officials decided to stop using the Bank of Canada’s ability to print interest free money and to borrow money from private foreign banks, that love compound interest .
Does that explain our ballooning NATIONAL DEBT problem? As well as the never ending call from all governments for more and more of our hard earned money. So what can we do about it? Well a few Canadians have filed an action in Federal Court to restore the use of the Bank of Canada. The crime of this story is that none of the mainstream media has covered it..... MORE
http://westcoastnativenews.com/the-canadian-court-case-mainstream-media-will-not-cover/
Published on Feb 1, 2015
Canadians sued the Bank of Canada, win over the creation of debt-free money (BILL STILL)
https://www.youtube.com/watch?v=40Jz0LPQAQY&x-yt-ts=1422579428&x-yt-cl=85114404
-------------------------------------
The press release follows below:
................ 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...........
CLAIM
The Plaintiffs claim:
declarations that:
the Minister of Finance, and Government of Canada is required to request, and that the Bank of Canada is statutorily required, when necessary, to make interest-free loans, on the terms set out under s.18 (i) and (j) of the Bank of Canada Act, RSC, 1985, c. B-2 (the €œAct€) for the purposes of €œhuman capital€ expenditures and/or municipal/provincial/federal €œhuman capital€ and/or infrastructure expenditures;
that the €œGovernment of Canada€, the Minister of Finance, and Her Majesty the Queen in Right of Canada, with the Bank of Canada,
A/ have abdicated their statutory and constitutional duties with respect to ss. 18(i) and (j) of the Bank of Canada Act which subsections read:
18. The Bank may
€
(i) make loans or advances for periods not exceeding six months to the Government of Canada or the government of a province on taking security in readily marketable securities issued or guaranteed by Canada or any province;
(j) make loans to the Government of Canada or the government of any province, but such loans outstanding at any one time shall not, in the case of the Government of Canada, exceed one-third of the estimated revenue of the Government of Canada for its fiscal year, and shall not, in the case of a provincial government, exceed one-fourth of that government€™s estimated revenue for its fiscal year, and such loans shall be repaid before the end of the first quarter after the end of the fiscal year of the government that has contracted the loan;
B/ and further that the refusal to request and make (interest free) loans under s. 18(i) and (j) of the Bank of Canada Act has resulted in negative and destructive impact on Canadians by the disintegration of Canada€™s economy, its financial institutions, increase in public debt, decrease in social services, as well as a widening gap between rich and poor with an continuing disappearance of the middle class......................... more
http://mises.ca/posts/blog/canadian-greenbackers-sue-canadian-government-and-bank-of-canada/
-------------------------------------