Posted on February 6, 2015
by Jerry Alatalo
Journalist, monetary reform activist and documentarian Bill Still recently reported on what he describes as “good news from Canada”. According to Mr. Still, a Canadian organization called Committee on Monetary and Economic Reform (COMER) has experienced success in its lawsuit against the central Bank of Canada.
For readers in America, note that the Bank of Canada and the U.S. Federal Reserve are different in that the Canadian central bank is essentially owned by the Canadian people – a public bank, while the central bank of the United States is owned and controlled by a private banking cartel.
Canada’s bank was nationalized in 1938, and for decades issued debt-free money to finance a number of large projects, including airports, subways, a national pension fund, the national health system, various infrastructure projects, and related initiatives for Canadian society’s necessities.
From the time of the Bank of Canada’s nationalization in 1938…
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