Layton/Duceppe: Two Sides, Same Coin

Mr. Layton is aware of this fact and yet has done nothing. It is logical to presume that our monetary supply will be part of that North American Fortress. Surely Mr. Layton knows that Canadians have lost considerable control over their money and many other aspects of our lives at this point in history. Surely he is already aware that corporate interests control the money in Canada through foreign ownership and that many of those interests are American. Adopting the U.S. dollar would reveal this fact once and for all. It would be concrete evidence of a truth that Canadians could finally see. Insulting as the first statement may be, he goes on to explain as if a common currency with the US was news. “Layton called on Duceppe to stand up for Quebec businesses, home owners and students. “The Bloc needs to re-think their monetary policy and keep the ‘loonie’ in Quebecers’ and Canadians’ pockets. We shouldn’t leave it to US bankers south of the border to determine our interest rates. Canadians want their financial security in Canadian hands.” (NDP newsletter) Both Mr. Layton and Duceppe have been around long enough to know the truth in this matter, but neither get to the meat of the issue in their statements. The Globe and Mail carried the story on August 25, where they quoted Mr. Duceppe as saying, "We've been demanding this debate in Ottawa, but they don't want it because of the symbolism of having the face of Elizabeth II on the Canadian dollar. But one day we will need this debate," the Bloc Leader said. The debate Canadians have been demanding, and no politician will address, should not be about whose picture is on the paper, but rather who is controlling the monetary system in the country! As far as we know, the Queen wasn’t behind the sell out of this nation or the current trend of foreign ownership. That mud is on the hands of every politician who was either too complacent or fully complicit in our demise through their cooperation with the corporate elites. It is interesting to note that Mr. Duceppe links the takeover of Canadian companies with the Queen, rather than the political system that has sold us out. Canadian Action Party has been calling for Monetary Reform since 1997 due to the fact that Canadians do not have control of their money. We are sinking under over $500 billion in unnecessary debt, of which upwards to 85% is interest payable to private banks and foreign investors. The Canadian people pay out over $37 billion a year to service that debt alone. How ‘loonie’ is that? The truth is that several governments have endorsed this process of borrowing from private banks and foreign investors rather than using our own Bank of Canada as it was intended. There is no need to cry out in fear at this late date. The damage has been evident for decades. Why the horror today! Why was this issue not addressed, in any election, by any party, except CAP, since the procedure began with Mr. Mulroney’s government? Is Mr. Layton attempting to rectify the situation today? Is his dislike of adopting the U.S. dollar so critical that he is willing to speak to the truth on this issue? Or are we going to simply continue with the symbolic Canadian dollar and not rectify the real control over our financial sovereignty? Which of these clever politicians is going to stop playing with words and start taking real action? If they don’t know how or are afraid of the concept, they can defer to the Canadian Action Party. CAP has developed the solutions, exposed the problems and been willing to give the people control over their money for some time. Facts are often stranger than fiction. The fiction surrounding our monetary sovereignty certainly exposes the truth of that saying. -30- Contact Info: Catherine Whelan Costen, Canadian Action Party President cathpublish@wildroseinternet.ca Ph: 403-660-0449 Fax: 403-684-3464 www.canadianactionparty.ca Connie Fogal, Leader ,Canadian Action Party/ parti action Canadienne Tel: (604)872 2128; or (604) 708 3372 (FAX: 604) 872 -1504 E-MAIL to leader: conniefogal@telus.net # 385- 916 West Broadway, Vancouver BC, V521K7; [Proofreader's note: this article was edited for spelling and typos on August 28, 2006]

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