The Crime Of The Canadian Banking System

Part of the legitimacy of the Canadian Action Party is to raise the debate on a number of points. We must ask ourselves, our Members of Parliament, and the governor of the Bank of Canada the following: 1. How do we pay off a $2.27 trillion debt with a total money supply of $800 billion of which only $38 billion is legal tender? 2. Why do we have only $38 billion of legal tender in a money supply of $800 billion? 3. What would happen to the Canadian economy if all Canadians stopped borrowing and started saving instead at the same time? Canada is part of a world debt-based monetary system controlled and managed by bankers rather than sovereign governments. It was that world debt based monetary system that was responsible for the Great Depression of 1929. It is that world debt- based monetary system that today is creating the same conditions that lead to the 1929 crash. John Kenneth Galbraith, in The Great Crash of 1929, chronicled the day by day, week by week, month by month, year by year events leading up to October 24,1929, the day of the crash. He describes the manipulation of the markets by the banks, brokers, and corporate leadership. He describes malfeasance, larceny, and embezzlement that took place in 1929 followed by WWII. They parallel the horror stories of today. In recent years, millions of the world’s people have lost all, or nearly all, of their retirement savings. Corporations and individuals have gone bankrupt. Millions have lost their jobs and homes. Governments have cut spending. Several nations around the world are trying to stave off banking and economic collapse. Over 4 billion people live on $3.00 a day or less. By 1929, bankers, brokers, and corporate leadership ran the economic systems into collapse. As a result of their damage to the world’s economy, governments , economists, and other individuals came together to analyze, debate, and determine the causes of the crash, and then develop solutions to prevent the situation from happening again. In Canada , part of the solution was the nationalization of our Bank of Canada. The nationalized Bank of Canada did not materialize without work, struggle and deep political debate. "How The Debt Based Monetary System Functions in Canada" More at: http://canadianactionparty.ca/f_bank.html Crime of the Canadian Banking System http://ca.youtube.com/watch?v=O8Zl1Wax8MI Part 2 - The Great Canadian Experiment http://ca.youtube.com/watch?v=9yYEFuN2v08 Part 3 - Gerald G. McGeer: A True Canadian Hero http://ca.youtube.com/watch?v=zB7GbM1OgzA

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