Restore the Bank of Canada
Canada and it’s people are always under financial struggles. The economy is always fluctuating and the debt just grows by the billions per year. Have you ever wondered why?
Every tax payer feels it is their duty to pay taxes so that our economy can be sustained. The two most common things people argue why people should pay their taxes is so the roads can get paved and we can have free health care. But how much of our tax money actually goes towards what the people want and need?
International Bankers had a huge role in perpetuating the great depression of 1929. This was done by loaning the country money they created out of thin air, with compounded interest attached, not regular interest.
Interest – Money owed with an affordable fee attached on top of the money owed
Compounded Interest - Interest (a fee) that is periodically added to the original money owed, resulting in a new balance of owed money, which then triggers a new interest assessment which results in having a fee on top of original money owed that costs more than the original money owed. [money owed + compounded interest]
Gerald Mcgeer
A man named Gerald Grattan Mcgeer was Mayor of Vancouver, B.C. saw the truth behind money creation and exposed it to the people. [Money equals power, if they print the money, who has the power?] Because of Geral Mcgeer the Bank of Canada was eventually created by the informed people of Canada in 1934.
The Bank of Canada is what got Canada out of the great depression by 1934 and I guarantee you will not learn this in civics or history class. The Bank of Canada created money out of thin air and let it circulate in the economy with basically no debt attached at all. This made it possible for low taxation, people got more money for their labour and lived real debt free lives. Today is the exact opposite, but why?
Well in 1975 those greedy little bankers came back and took over again. They were Bank International Settlements, the World Bank and the International Monetary Fund.
Sorry about the blurriness, this chart was made by Bill Abram, link to film at the bottom. As you can see from 1940 -1974 our debt on line graph was linear, always paid back. Ever since 1975 the line has been going up and has not came down once!
CLICK PICTURE TO ENLARGE
Today the Bank of Canada only creates a very small percentage of Canada’s currency. Bank of Canada contracts most of the work to Canadian Bank Note Company and BA International which now owned by Giesecke & Devrient, a company located in Germany. I don’t know about you, but this is very disturbing to me, why the hell is a foreign corporation in control of our monetary economy?
For 40 years the Canadian people were literally in control of their own money and national debt was always low and it was always affordable to pay back by the end of each year, there was no compounded interest attached to it’s creation. It was extremely simple. The Bank of Canada would on a mathematical basis determine how much money to print so the whole population would have nice lives and lots of jobs.
Since 1975 to (2012)present our Bank of Canada that is owned by the people and not a Crown corporation, has not been printing our money. As mentioned earlier it contracts it’s work out to foreign corporations, makes no sense at all!
What they are doing is literal thievery. They are creating money out of thin air and lend it to us which is known as the principal. Then they force us to pay back the principal plus compounded interest which as time goes on the debt just mathematically grows. Let me put it this way, there is not enough money in existence to pay back the debt that was created from the private banks who created the money out of thin air and charged a compounded interest fee. THERE IS MORE DEBT THAN THERE IS MONEY.
Unlike the United States, Canada is some what lucky. In the U.S it is the Federal Reserve Bank that issues the country’s currency and unfortunately for American’s their ‘representatives’ created legislation known as the Federal Reserve Act which legally enables the fraudulent bank to create the American people’s money with compounded interest attached. Canada on the other hand has the exact opposite. We have legislation known as the Bank of Canada Act which enables the people to issue their currency compound interest free, the only problem is our ‘representatives’ are not enforcing this legislation, as they do not enforce most legislation that benefits the public.
Statistics Canada says we spend 170 million dollars a year to service loans from private banks. [$170 000 000]. Each year our hard earned tax money which should be put towards social programs and the betterment of humanity is rather put into the hands of people that do not care for the Canadian’s best interests. This is roughly $62 billion dollars a year. [$62 000 000 000]. Imagine if that money never left the economy. Just imagine if all that money stayed in our pockets!
Finally thanks to courage of Rocco Galati who is a constitutional lawyer, 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.
We have a good chance at getting our freedom back if everyone knows the simple historical truth about the Bank of Canada and it’s proper uses. Spread the info and help restore the Bank of Canada.
Click here to read more about law suit
Click here to watch a video featuring Bill Abram
