Blackout on Private Bank Ruling
The Harper Government has ordered Canadian Media to Not report on the recent Federal Court of Canada ruling against Private Banks loaning operations.
To understand what this situation means…
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The Bank of Canada used to be a government lending institution, creating near interest free loans that built much of Canada’s infrastructure during the 50’s and 60’s.
In 1974 at the Bank of International Settlements in Basel Switzerland, Trudeau Sr. was convinced by fellow Bilderberg attendees to dismantle this crucial function of the Bank of Canada, and since then we’ve lost sovereign control of our monetary policies and money supply and government debt at all levels has risen dramatically.This court case challenges the disuse of the Bank of Canada to create money for the public good.
The Federal Court of Canada has ruled against private central banking. Meanwhile, the Harper GovernmentTM has ordered a media black out on this court case. Lets help spread the word!
- the Bank was set up in the 1930s as a vehicle to provide interest-free loans to federal and provincial governments for infrastructure and human capital expenditures, and for maintaining sovereign control over credit and currency with the purpose of asserting domestic and public control of monetary and economic policy;
- the Bank provided interest-free loans to federal, provincial and municipal governments in its “early and middle existence,” but stopped doing so in 1974 – after joining the Bank of International Settlements [BIS] – in favour of interest-bearing loans from foreign private banks;
- the BIS, which purports to facilitate co-operation and serve as a “bank for central banks,” in fact formulates and dictates policies to central banks;
- the BIS is not accountable to any government and its annual meetings are secret;
- policies such as interest rates are set by the Bank in consultation with, or at the direction of, the Financial Stability Board [FSB], established in 2009 after the “G-20” London Summit and linked to the BIS. The FSB also operates in a secretive and unaccountable fashion;
- the Bank is the only central bank among the G-8 countries that is a “public” bank created by statute and accountable to the legislative and executive branches of Government, with the others all being “private” banks not directly governed by legislation or directly accountable to the legislative or executive branches of their respective countries;
- the Bank was completely independent of international private interests before joining the BIS in 1974, but since then the Bank and Canada’s monetary and financial policy have gradually come to be largely dictated by private foreign financial interests;
- after Canada’s entry into the BIS, an agreement or directive was reached within that organization that the member central banks would not be used to create or lend interest-free money, but rather governments would obtain loans from and through the BIS;
- the ceding of control to foreign private interests is unconstitutional and the agreement or directive not to make interest-free loans to governments is contrary to the Bank Act; and
- these unlawful actions have had severe detrimental effects for Canadian citizens, including the development of a spiralling schism between the rich and the poor, the elimination of the middle class, and a corresponding rise in crime related to poverty.