WHO PRINTS MONEY IN CANADA
Do you want to know who is printing the money for
Well lets look at what the Fathers of Confederation wrote in
BNA Act 1967 section 91 clause 14 & 15:
They wrote "that the Legislative Authority of Parliament shall
have the power to issue currency, coinage and paper money and regulate the value
Whew! Aren't you glad we got that one covered? We through our
representatives have direct control of our money supply and the value thereof. Right?
But wait a second, why is it that Canadians are paying billions
and billions of dollars each year to foreign and domestic banks when we can print all the money we
need at cost, which is 2.8 cents per note, without interest?
OOPS! ONE LITTLE DETAIL:
Oh - I forgot to tell you:
On June 6, 1913 the government gave the right to create Canada's
money supply to a private group called the Canadian Banking Association. This paralleled what
happened in the United States when the power to create money was handed to a private corporation
called the Federal Reserve Board which is neither Federal or a Reserve. You all heard of Allen
GreenSpan in the United States.
The way it works simply put is like this.
Lets say because of Katrina disaster the government needs a
billion dollars which it does not have. They write a note or a bond to the Federal Reserve which is
really nothing more than a promise to pay back at a set rate of interest as determined by the
federal reserve board.
That's how we are continually are brought into debt. But not only
that - those Katrina donations are all coming from borrowed money - the interest on it is sucking
money out the hands of the very people that are least likely to get it and that extra interest has
to come from somewhere. The financial musical chair mechanism makes no exceptions. Someone has to
come up short - some country, some company, some family has to go down, somewhere, that's the real
irony of famine relief efforts charities and the like.
You didn't think it was that serious did you? Our system of money
is based on a negative currency otherwise known as a monetary system.
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