Canadians fight to restore public control over their Central Bank to end their reliance on private banks and Wall Street for the money to run their economy. Unbeknownst to most Canadians (and Americans), it isn’t their government that issues the money to run their economy. More than 95% of it (all but the coins and bills) is created by banks out of thin air when they issue loans. See The Role of Foreign Banks in US History
Source – globalresearch.ca
– Committee for Monetary and Economic Reform (COMER) Sues the Bank of Canada. Canadians Fight to Restore their “National Public Bank”:
On October 14, the Canadian Court of Appeals heard another attempt from the Crown (representing the Bank of Canada) to dismiss a case against it–a case that argues the Bank has retreated from its mandate to operate as a public bank. The Canadian government is now repeating arguments it has already made concerning justiciability, and is throwing in some other procedural objections. The plaintiffs are confident that this will be the last round of procedural appeals, and that the case will actually go to trial.
In some ways, this was the Don Quixote of court cases: a small group of individuals, and a small economic think tank known as the Committee on Monetary and Economic Reform sued the Bank of Canada, a national entity under the…
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