Gov't
of Canada aids and abets financial
services sector once again
The first time
they helped this group was to steal
our RRSP funds. As many of you have
said, the Conservatives could care
less about our losses and are more
interested in lining the pockets of
business and foreigners. And
Canadians actually think they live
in a democracy! Think again fellow
citizens.
(comment following Toronto Star
article)
The federal government, in
conjunction with three provinces and
other parties, will provide a total
of $4.45 billion in financial
backstops to rescue a restructuring
plan for a massive slice of this
country's commercial paper market.
An investor
committee responsible for
restructuring $32 billion worth of
non-bank asset-backed commercial
paper revealed those key details
last night, nearly one week after
Ottawa struck a deal with Ontario,
Quebec and Alberta to prop up the
problem-plagued retooling. more
Bill
Arbram
-
YouTube
Dec
7th,
2007
Over
the
past
4
years,
the
Canadian
people
have
paid
7.4
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.
TheMyth9909
-
YouTube
Jan.
5th,
2000
There
is
no
free
market,
without
rules
on
the
table
that
are
not
rigged
in
favor
of
the
fat
cats.
We
need
transparency,
education
and
rules
that
offset
abuses.
The
problem
all
of
us
have
whether
in
Canada
or
the
US
is
we
no
longer
control
banks,
media
and
governments..
Canada
has
a
Bank
of
the
People,
but
the
people
don't
know
about
the
money
as
debt
racket
and
we
are
being
robbed.
