The Right to Create Money


bank of Canada

I have been a supporter of Canada re-instating the policy of Canada borrowing money from the Bank of Canada for many years. It is ridiculous for countries to borrow money from international banks when they have a sovereign right to create its own money.

Why would any Government with any intelligence borrow debt money from a private bank, and owe them money (and indebt their People) when they could instead borrow debt-free money, practically free from their own bank. Every Canadian that understands that part of the taxes you pay to the government goes to needlessly paying for borrowed money from private bankers. Every Canadian should ask their MP’s why this is done, when there is no need for the debt.

How do private banks have the right to lend out money? The Federal Government, by an act of Parliament has given them that right. Then if the Federal Government has the right to give another institution that right then they have the right to do it – for themselves, and for the benefit of the people.

To understand this position better they can go to this blog:

It is called The Question That Shouts Out from the Silence of the Page, found at:
https://pushinback.wordpress.com/2013/07/16/the-chart-that-shouts-out-of-the-silence/

 

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About pushinback

Back in 1993, I attended an anti-Nafta rally in Ottawa along with over 110,000 others. But despite the overwhelming opposition to NAFTA, the steamroller rolled on. It was there that I came to understand the one vital thing that I have been preaching ever since. There are so many issues, and so many fighting each issue, we are all spinning our wheels, and wasting our time, talents and energy, because each election, we give the politicians our power and so the deck is stacked against us. I said it that day and I say it with more fervency today. We all have one issue that we share, and we should all stop fighting for our own issues and losing anyways, and we should fight to achieve that one thing that we all share. We Canadians all have to fight to finally get a say between elections. We need to fight to make politicians accountable to us, the people. If there is no accountability, and the people have no say between elections, we have no Democracy. My Blog is written to teach the reader the essential knowledge of freedom and Democracy. Please read, and learn. I am one person, but I leave you my witness that one person is not powerless, only first you must first learn and then act. Let the democratic revolution begin. Kindest regards, Rob McQueen
This entry was posted in 1% / 99%, Canadian Action Party, Economic / Financial / Bank of Canada and tagged , , , , , , , , . Bookmark the permalink.

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