Banking and The Canadian Government

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Why do Canadians pay so many taxes?
Why are our social programs constantly being diminished? Why are tuition fees so HIGH? ** STUDENTS** please check out the following: http://www.bankslovedebt.com/ The answer lies in how money is created. We in Canada are lucky to have the Bank of Canada, but unfortunately it is not being used a
s it should. This MUST change. Just remember to keep in mind as you watch that these private banks print this money out of thin air. RESOURCES: Money As Debt Video: (47mins) http://video.google.ca/videoplay?docid=-9050474362583451279 The Money Masters Video: (Very good. Over 3hrs) http://video.go
ogle.ca/videoplay?docid=-515319560256183936 American's espcially check this one out: Aaron Russo's - America: Freedom to Fascism http://video.google.ca/videoplay?docid=-1656880303867390173 More videos: Part 1 The Crime of the Canadian Banking System http://ca.youtube.com/watch?v=O8Zl1Wax8MI &feature=related
Part 2 The Great Canadian Experiment http://ca.youtube.com/watch?v=9yYEFuN2v08 &feature=related
Part 3 Gerald G. McGeer: A True Canadian Hero http://ca.youtube.com/watch?v=zB7GbM1OgzA &feature=related
Toronto Councillors being educated about the use of the Bank of Canada. PLEASE take a look: http://www.youtube.com/watch?v=8WRmXN2l8pM http://www.youtube.com/watch?v=888TNRfNnoU **They obviously didn't understand or care since Mayor Miller's proposed tax hikes have been passed.** A NATION NOT
IN CONTROL OF ITS CURRENCY CANNOT BE IN CONTROL OF ITS SOVEREIGNTY! ------------------------------------------------------------ -------------------------------------------------------- Canadian Action Party site Tutorial: http://www.canadianactionparty.ca/nationaldebt.html Committee on Monetary
and Economic Reform: http://www.comer.org Presentation By Connie Fogal, Leader of the Canadian Action Party: (Article) http://www.vivelecanada.ca/article.php?story=200508290011... Bank of Canada website: http://www.bankofcanada.ca/ 2007 Federal Budget: http://www.budget.gc.ca/2007/pdf/bp2007e.pdf
Excellent book on this subject: 'Funny Money' by author 'Paul Hellyer'. http://www.antiqbook.com/boox/nort/313a9412.shtml More videos to come... Please subscribe..... Educate Yourselves Peace. -themyth9909 www.canadianactionparty.ca

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mininovaorg/tor/ ... ( 4 weeks ago by wake00up00now)

mininovaorg/tor/1618832 add the dot back again Anyhow, read/listen and go watch money masters/money as debt. Then you might get what this video is talking about in more detail.

Yeah, you have to ... ( 4 weeks ago by themyth9909)

Yeah, you have to get creative when putting the links up. Thanks for posting them.
I was hoping that people wouldn't get too overly confused after watching this vid though. I guess that won't be the case for everyone.

you haven't said ... ( 3 weeks ago by lonewolf1369)

you haven't said ANYTHING about how to regulate inflation. All you said was that "the BofC will control it"... Which is meaningless as it's just another politically affiliated institution. The lunacy of your idea is that you advocate a CONSTANT but slow increase in the money supply, which will ALWAYS inflate and devalue the dollar. Secondly, it was used before UNTIL inflationary pressures started kicking in, you can't keep printing money and think you can "control" inflation

actually government ... ( 3 weeks ago by lonewolf1369)

actually government spending IS in the scope of this video, because the video advocates printing money for government 'services' for the 'public good'. Your entire argument to inflate the currency is for the purpose of government spending

what resources? ... ( 3 weeks ago by lonewolf1369)

what resources? Canadian Action Party is totally CLUELESS about inflation. They totally dismiss Friedman's Monetarism with the snap of a finger and without any second thoughts. CAP advocates the printing of billions of dollars for public 'services' such as 'pensions', 'education', etc...

Yes lonewolf, ... ( 3 weeks ago by themyth9909)

Yes lonewolf, everyone that addresses this issue is totally clueless except for you. CAP advocates the printing of currency to eliminate the debt that we owe to private interests as well as to provide services to the people. It worked before and can again.
The Committee on Monetary and Economic Reform has many good resources on their site, I suggest you take a look. Good luck lonewolf.

I've mentioned in ... ( 3 weeks ago by themyth9909)

I've mentioned in previous comments what needs to be done. Please cite your source of the particular fact that they ceased because of inflationary pressures.

Wikipedia "monetary ... ( 2 weeks ago by lonewolf1369)

Wikipedia "monetary policy of the bank was geared towards low interest rates and full employment with little concern about inflation. When inflation began to rise in the early 1960s, the governor James Coyne ordered a reduction in the money supply. Prime Minister John Diefenbaker disagreed with this move, and ordered a return to the full-employment policies. This caused a brief crisis because the bank was supposed to be an arm's length organization not under political control" "Coyne Crisis"

Wow, you're ... ( 2 weeks ago by themyth9909)

Wow, you're reaching lonewolf. There's absolutely nothing in the text that states why the switch was made in the mid 1970's. From the time of this crisis in the early 60's to the mid 70's, Canada thrived under this system.
I actually started laughing when I saw that you were quoting me something from Wikipedia. Keep it coming wolfie. :)

CAP arrogantly ... ( 2 weeks ago by lonewolf1369)

CAP arrogantly dismisses monetary inflation as a direct result of printing money. If the Canadian government STILL can't pay for things with its ludicrous taxation and income tax then government spending is the problem not a lack of money. Also, government 'providing services to people' has had a bad track record because government can't do anything right. Instead of letting people choose what education, healthcare, pensions they want to pay for, government coerces its 'services' on people

there's nothing in ... ( 2 weeks ago by lonewolf1369)

there's nothing in the text that states why the switch was made what are you talking about? The text I provided showed how inflation became a problem with the BofC. Canada thrived? Yes until inflation creeped its ugly head and will continue to do so if arrogant retards like CAP think they can endlessly print money and not have it devalued. The inflationary effects of printing money is so obvious and proven I can see why you're angry at my presence on this video. This video lies about inflation.

Angry about your ... ( 2 weeks ago by themyth9909)

Angry about your presence?? If that was so, I would have deleted all your comments and blocked you. I welcome criticism from anyone. But I know you're wrong, anyone that does further research into the inflation issue will know you're wrong. You don't concern me lonewolf, you just waste my time.
Keep up with the research, it's good to see that you're as interested into the topic as your are.

I agree with that, ... ( 2 weeks ago by themyth9909)

I agree with that, govt spending is a HUGE problem. But so is the monumental debt that we owe to private banks. 34Billion of our tax dollars every year to pay this back. This is unecessary.
CAP is proposing a transfer of this function from private banks to the BofC. This would in time eliminate this unecessary debt and we would have alot of money at our disposal. I don't believe that you truly disagree with all this. If you do, let me know what your solution to our problem is?

anyone that does ... ( 1 week ago by lonewolf1369)

anyone that does further research would see that continuously printing money is the sole cause of monetary inflation and the devaluing of the currency. What's so hard to deny about this? Your whole video advocates the continuous printing of money while completely ignoring inflation

The reason the govt ... ( 1 week ago by lonewolf1369)

The reason the govt has debt is because it doesn't have balanced budgets. We wouldn't need to borrow money from private banks or BofC if we had balanced budgets and allowed services to be chosen by individuals instead of having them coerced and forcibly taxed. The welfare state also destroys the family unit and private charity, as it coerces poorly done 'services' such as education, pensions, social security, etc.. We could also cut spending by lowering outrageous government salaries

Let's say that ... ( 1 week ago by themyth9909)

Let's say that you're the Minister of Finance. The govt engages in a major project (ie. building a bridge or extending subway system). At a cost of 50Million. How would you finance this project?

This is not ... ( 1 week ago by billionaireby16)

This is not worldwide.... Canada is truly free... They issue their own MONEY! The U.S. gives the power to issue Money to the FED which charges US- THE AMERICAN PEOPLE- interest!!! At least Canada owns their National Bank!

While it is true ... ( 1 week ago by themyth9909)

While it is true that we own our bank. It is not being used the way it should. The Canadian government also borrows money from private banks at interests.

Hell, even though ... ( 1 week ago by billionaireby16)

Hell, even though you all are being cheated, at least you all as a country still have a foot in the door by owning your Central Bank.... We Americans don't own shit and many of us don't know we're being screwed!!!

There are too many ... ( 3 days ago by ultimatelinuxgeek)

There are too many ommissions and mistruths in this article so I will have to post several times to explain why all of this doesn't make much sense.

1) The Bank of ... ( 3 days ago by ultimatelinuxgeek)

1) The Bank of Canada is not directly related to the government, it is a separate entity. The government is given no practical control over the Bank of Canada. While it is true that the Minister of Finance can force the governer to act, all the governor will have to do is announce to the press that he doesn't have confidence in the Canadian economy and our economy goes crashing. There have been no governments that have ever tried to control/deal with the Central Bank for this entire reason.

2) Suppose that the ... ( 3 days ago by ultimatelinuxgeek)

2) Suppose that the Canadian government can print whatever money it needs for programming. What will then happen is that they will print as much money as they need, and thus cause inflation. Governments will spend more money than the economy has to support, which in turn causes a wide scale devaluation of the currency. Hence governments with unreasonable ideas(low tax and high spend) can wipe out the economy in one stupid move (this is happening in military controlled nations e.g. Zimbabwe)

3) While it is true ... ( 3 days ago by ultimatelinuxgeek)

3) While it is true that our interest paid is far greater than the principle, this is to be expected. Think of it this way, that $30+ billion dollars in the 60's and 70's is worth many multiple more (hundreds of percentages) due to a inflation. Therefore it is reasonable for the interest rate to be some percentage that at least keeps up with inflation. Would you lend money out to someone if you know that 10 or 20 years later the principle is infact worth more?

5) It is perfectly ... ( 3 days ago by ultimatelinuxgeek)

5) It is perfectly fine for people to borrow money and pay interest. Imagine if the government handed out money to whoever? Again we would have a massive devaluation of the currency.The point of private banking is to lend money only to people who want it not need it (see subprime crisis for how the banking industry got it wrong and lent money to people who need it). Would you give an unemployed bum a Ferrari? I wouldn't think so!

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