Economy The US and European Economic crisis

Megafactories Money National Geographics

 
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Canadians sued the Bank of Canada and won!

Recently, constitutional lawyer Rocco Galati won yet another round of appeals set forth by the Bank of Canada in a case involving two Canadians who filed an action in federal court to restore The Bank of Canada to its original purpose and operations. This is a very significant story but you probably haven’t heard of it. Why? The mainstream media and government have blacked out the story for reasons that appear to stem from fear of how the public will react to realizing they’ve been systematically enslaved for decades.
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The truth is, The Bank of Canada used to issue debt free loans to the government (but it does NOT now - my quotes), which meant that the nation would go into debt to private banking institutions. When that changed, private bankers/corporations essentially gained control and ownership of the country.
Media Black Out

As stated by constitutional lawyer Rocco Galati in the video below, sources have indicated to him that the government will often instruct the mainstream media, when it comes to certain stories, as to whether or not they can cover the story or how they should go about covering it. This means that government can effectively control the media and hide information from the public whenever it likes, unless it trickles through alternative news sources like what you are reading right now. Why This Is Important

Although not the ultimate solution to the world’s challenges, this is significant because it shows how serious the public is getting about wanting to change the way our current system operates. It also indicates a clear shift in public knowledge about how our system and infrastructures work. The more the people know, the more they seem to be demanding change. This begs the questions: why is this information being kept quiet? How has it been hidden for such a long time? Why would our governments be making decisions about things that greatly affect the average person without them having any vote, knowledge, or choice in the matter? In my view, it goes back to the fact that there are leaders in our world, beyond government, who are systematically manipulating various systems and structures in across the globe to control the population. Once viewed as wild conspiracy theories, this understanding is becoming not only self-evident, but publicly accepted knowledge as well. This latest case helps to illustrate how these ‘elite leaders’ are intentionally making moves that are not beneficial for the people whatsoever. The bottom line is, we are seeing a positive shift in awareness and consciousness as people begin thinking about and seeing our world differently. This is fueling action that I believe will lead towards a freer and better world.
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http://www.collective-evolution.com...mainstream-media-government-blacks-out-story/

This money would be used to finance public expenditures whenever there is a budgetary deficit. Apparently, the federal government used to borrow interest-free (to at least some extent) from the Bank of Canada up until 1974. At present, governments borrow all of the necessary money (apart from any bonds they may sell to the public) from private banks at the going rate of interest. Canadians are economically burdened with the resultant debt-servicing charges because the Bank of Canada does not make use of its prerogatives in the interests of the Canadian public. The case is being prosecuted by Rocco Galati, who is widely considered to be Canada’s top constitutional lawyer.

The nature of the lawsuit has been explained on www.pressfortruth.ca in the following terms:
“TWO CANADIANS AND A CANADIAN ECONOMIC THINK TANK CONFRONT THE GLOBAL FINANCIAL POWERS IN THE CANADIAN FEDERAL COURT. THE CANADIANS PLEAD FOR DECLARATIONS THAT WOULD RESTORE THE USE OF THE BANK OF CANADA FOR THE BENEFIT OF CANADIANS AND REMOVE IT FROM THE CONTROL OF INTERNATIONAL PRIVATE ENTITIES WHOSE INTERESTS AND DIRECTIVES ARE PLACED ABOVE THE INTEREST OF CANADIANS AND THE PRIMACY OF THE CONSTITUTION OF CANADA

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The Plaintiffs state that the Bank of International Settlements (BIS), the Financial Stability Forum (FSF) and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer nations in their place which has now expanded to all nations in that these financial institutions largely succeed in over-riding governments and constitutional orders in countries such as Canada over which they exert financial control.The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB) (successor of FSF), their minutes, their discussions and deliberations are secret and not available nor accountable to Parliament, the executive, nor the Canadian public notwithstanding that the Bank of Canada policies directly emanate from these meetings. These organizations are essentially private, foreign entities controlling Canada’s banking system and socio-economic policies.
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http://www.globalresearch.ca/the-case-to-reinstate-the-bank-of-canada/5430132

The International banking cartel at work!

http://www.comer.org/

http://www.comer.org/projects/

http://pressfortruth.ca/top-stories/update-bank-canada-vs-comer/
 
The Bank of International Settlements (BIS)

http://www.bilderberg.org/bis.htm

https://www.bis.org/

http://www.investopedia.com/articles/03/120903.asp

http://www.zerohedge.com/news/2014-08-13/bank-international-settlements-backdoor-betrayal

[h=2]How Money Works[/h] The nature of money and debt is at the heart of the lawsuit COMER has filed. Representatives from the group told the Epoch Times that few people understand how money is created.
One might wonder, therefore, how much money the Bank of Canada has, and how the government can borrow from the country’s own central bank.
This is where conspiracy theory meets the cold hard facts—that the vast majority of the money in Canada’s economy was created by bankers with the push of a button. The BoC can do that also.

When someone takes out a mortgage, the borrowed money does not come from someone else’s savings. Instead, the money is created in that instant through the trick of double entry bookkeeping. The bank records the loan on one side as a liability, and the debt owed to the bank as an asset. As long as the two balance out, the system works pretty well.
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COMER and its fellow plaintiffs Ann Emmett and William Krehm are suing over fundamental changes to the Bank of Canada’s role that were made in 1974.
The Bank of Canada (BoC) was founded in the Great Depression and played a major role loaning money to the government. It helped finance Canada’s war effort during World War II and could loan money to the government, if it chose to do so, without interest. Any profits the BoC made were returned to the government minus the Bank’s operating expenses. That last point remains the case today, with $1.7 billion sent to the Receiver General annually.
[h=2]No National Debt?[/h] But the BoC no longer directly loans the federal or provincial governments money.

COMER alleges that by no longer providing these loans, the Bank and others named in the suit have forced the government to finance budget deficits by borrowing from private markets and paying hundreds of billions of dollars in interest. Last year, $28 billion—over 10 percent of the federal government’s $277 billion in expenditures—went to servicing the debt.


The benefit of that is no national debt, according to Galati. However, there is a risk of inflation if too much money is poured into the economy. Some economists argue that any arrangement where central banks loan money directly to their national governments invariably leads to inflation.
Galati has a reputation for winning unlikely lawsuits.

Galati disagrees, pointing out that the government can borrow as much as it wants from private markets and inflation is manageable.
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http://www.theepochtimes.com/n3/129...-conspiracy-to-undermine-canadas-sovereignty/
 
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Secret of the Seven Sisters The Oil Cartel

 
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Germany, France and Italy join China's Asian Infrastructure Investment Bank

 
Breaking dollar dominance

 
Escobar: compares BRICS bank with IMFcasino financial system

 
US courts defend rights of vulture funds over Argentina.


Singer, head of the vulture fund, is an American financier who funds right-wing Republicans in Congressional elections.
 
Michael Hudson, financial parasites and Left Forum 2014

 
Michael Hudson: Banks and bankers are parasites and not part of the real economy.

 
Urgent: Germany ditches US dollar to join BRICS bank


I think the spying on Angela Merkel's phone, German gold with Fed and various other irritants may have driven Germany away.
 
A century of enslavement

 
It gets more complicated as the Bank of Russia and the Bank of China are supposedly Rothschild banks according to
[h=1]The BRICS Bank: Next Stop On The Road To World Currency[/h] by Anthony Migchels on August 20, 2014

The BRICS Bank
In their statement, the nations’ leaders said: “We appreciate the work undertaken by our Finance Ministers and Central Bank Governors“. Undoubtedly it was those who hammered out the deal. As we know, both the Bank of Russia and the Bank of China are major Rothschild CB’s, part and parcel of the global financial system with the Bank of International Settlements at its apex.
Bank of China is led by Zhou Xiaochuan, a member of the influential Group of 30, a Rockefeller confab for Central Bankers and leading economists. In 2007 he was calling for the replacement of the US Dollar with the IMF’s Special Drawing Rights. Please note: not with the Yuan, but with the IMF’s precursor to global currency.
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https://realcurrencies.wordpress.co...bank-next-stop-on-the-road-to-world-currency/

https://www.corbettreport.com/meet-the-brics-new-development-bank/

http://www.marketwatch.com/story/why-are-the-brics-starting-a-bank-and-9-more-faqs-2014-07-21

http://www.voanews.com/content/brics-launches-new-development-bank/2410633.html
 
Links between Nisman and vulture funds.

 
Vulture funds part of US strategy?

 
Paul Singer link to GOP.

 
Paul Singer II

 
Paul Singer III

 
Vulture funds swooping on vulnerable nations

 
Vulture funds plan to smear Argentina

 
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