The Crime Of The Canadian Banking System (2007)

BILL ABRAM part-1/3

Over the past 4 years, the Canadian people have paid $137.4 billion in interest on money borrowed from private banks whereas the Bank of Canada could legally print the public's money into existence rather than borrowing it at interest. "They've paid out this huge sum because our government has failed to abide by the law." Abram, a retired high school teacher and activist on Vancouver Island, B.C., explicates the trick of fractional reserve banking.

Part 1/3

CANADA'S GREAT EXPERIMENT: 1935-1974 part-2/3

For nearly 40 years, Canada - the people of Canada - had control of their own currency! Imagine! They founded their own bank and issued their own currency with no debt obligations to banks. Taxes were low

Suggestion to Government of Canada

Dear Member of Parliament,

As you may or may not know, the government of Canada is taking suggestions on how to improve the financial system. Enclosed is our suggestion that has been forwarded to the email address where the suggestions are to be sent; finlegis@fin.gc.ca. We urge you to study it carefully since the suggestion is based in part on comments made by the House of Commons Standing Committee on Banking and Commerce, 1939.

Dear Honourable Minister of Finance,

The following is a suggestion in response to an article in the Toronto Sun newspapers regarding the governments request for suggestions to improve the banking/financial system. The attachment contains the suggestion in French and English. In addition to the suggestion offered herein is this from the Standing Committee on Banking and Commerce; March 24, 1939 at page 394;

“Will you tell me why the government with power to create money should give that power away to a private monopoly and then borrow that which parliament can create itself back at interest to the point of national bankruptcy, because, if we cannot finance the things that are necessary it means that this nation cannot meet its current obligations”. “Why should a government with the power to create money borrow that money at interest?” Mr Towers, “Now, if parliament wants to change the form of operating the banking system, then certainly that is within the power of parliament”.

We think that the facts and evidence speak for themselves as to why the ship Canada and the people are floundering in debt and will continue to flounder until the ship sinks taking us all with her, unless the rules are changed. It is not our desire to pursue a class action suit but neither is it our desire to see the good ship Canada and the people suffer needlessly.

If you wish to discuss this further my contact particulars follow.

Thank you

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