__Historian - Canadians take Bank of Canada to court - March 2, 2012
Here is something very interesting – not a central bank resignation but a central bank court case.
With one exception, all of the central banks worldwide are privately owned entities within the central bank system.
The exception is the Bank of Canada, which is owned by Canada.
The Bank of Canada has the power to make interest free loans to the Federal Government and Provinces, but this power has not been used and instead the Canadian Government has taken loans from and amassed huge debts to foreign entities - the global central banks.
On DECEMBER 12, 2011, a constitution lawyer on behalf of a Canadian think tank took the matter to court.
Read More Link On Right
1. the Statement of Claim, dated December 12, 2011, Federal Court of Canada File No. T-2010-11;
2. the Press Release, dated December 19, 2011 summarizing the case;
3. a video that explains how the Bank of Canada should and used to operate, and what happened when it stopped doing that.
Item #1 – the Statement of Claim:
Between: Committee for Monetary and Economic Reform ….
Her Majesty the Queen, the Minister of Finance, the Minister of National Revenue, the Bank of Canada, the Attorney General of Canada
…. the “Government of Canada, the Minister of Finance, and Her Majesty the Queen…” have “… abdicated their constitutional duty(ies) and handed them over to those international, private entities, whose interests, and directives, are placed above the interests of Canadians,
“… 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;”
Item #2 – the Press Release:
Bank of Canada and Minister of Finance, Defendants
TORONTO, ON., CANADA- 19/12/2011
TWO CANADIANS AND A CANADIAN ECONOMIC THINK TANK CONFRONT THE GLOBAL FINANCIAL POWERS IN THE CANADIAN FEDERAL COURT.
THE CANADIANS PLEAD FOR DECLARATIONS THAT WOULD RESTORE THE USE OF THE BANK OF CANADA FOR THE BENEFIT OF CANADIANS AND REMOVE IT FROM THE CONTROL OF INTERNATIONAL PRIVATE ENTITIES
WHOSE INTERESTS AND DIRECTIVES ARE PLACED ABOVE THE INTEREST OF CANADIANS AND THE PRIMACY OF THE CONSTITUTION OF CANADA
Item #3 – the Video:
This video explains in simple language with charts and historical records how the Bank of Canada came to be owned by its country, how the country prospered when the Bank was used as intended, and how once that stopped in the mid-70’s, the country quickly amassed a huge debt.
This video is very well narrated by a retired high school teacher and gives a basic education in how central banks ought to work.
Pay attention to the end of the video, where they explain how the global central bank system gets the money to loan to all these countries . . . they acknowledge that they make a ledger entry, and that’s it! This is quoted from the transcript of historical proceedings.
Finally, another interesting thought. This court case was filed in mid-December, 2011, but the Canadian public and most Canadian dinarians are not even aware of this.
So here’s a thought: how many other actions are underway to challenge and change the global financial system . . . that we don’t know about?
Go RV!!! :)