John Smith went one day to the bank and told staff that he has a $ 100,000 account. The bank said he did not have a $ 100k account, but $ 1 mill. The bank said he could borrow $ 900k from them if he wanted. The temptation was great that he chose to take a loan so he could buy an apartment. The bank gave him the loan quickly, and John Smith bought a house that was just his! The John Doe never understood was that the bank had now received the 100k dollars of his own and in addition his apartment!
Capitalism with a strong constitution base on human rights wotks fine , add bankers to the equation they detroy the system and guid it to their own designs
Because we are not issuing our money for society debt through our national bank in Canada, but instead we borrow from private banks, from 1867 until 1992, our actual cost 4 goods & services was 37 billion $. But we owe an extra 386 billion dollars in compounded INTEREST. #7 billion cost, 386 billion interest. How 'bout your country?
@denverdog44 Hey, haven't seen you round the hood lately, have you headed for the hills yet? lol! Have you seen Makana's 'We are the many' yet? Awesomeness!
Man your awesome! You are an obviously well learned man who has worked his whole life lie so many of us. TY for pointing out the facts our Government is complicit with these banks and it's all criminal enterprise. Hence the defacto governments (illegitimate). We are going to have to act on our own to bring them to justice for these crimes because our courts refuse to acknowledge their crimes even in the face of the Laws being broken in plain view so the courts are defacto and must be taken back
Wow Beta male gone rabid. If you dont want to pay interest, dont borrow money. His hero trudeau borrowed money at 19% and I dont think this guy voted for joe clark. Oh oh he said international private banks, I cant wait to hear his zionists own everything rant. Dont worry, he just cant wait to get there and he will. Perhaps we should stop borrowing by not spending. What, no money for welfare queens? Tell you what buddy, buy some bank stock.
@cdw100 You are so right, we should all be politically correct, stfu, continue with a money system that is destroying the world but making you and the parasitic elite happy, oops, am I allowed to say that, or am I not being sensitive enough for you?
Stop the unconstitutional and unsustainable accumulation of ODIOUS (interest bearing) debt by corrupt government officials who do not represent the interests of Canadians as a whole. Use The Bank of Canada as designed to function as a UTILITY as was the case prior to 1974 when the international banking cartel came to rape and pillage as is their Modus Operandi worldwide.
ok...all u bright ppl with opinions more correct than the next guy. HOW WOULD U FIX THE COUNTRY????? i don't give a shit about how we got here. ITS TIME TO FIX! do u think u can ppl to agree on a solution?
@saplondon09 send a notice of your claim of rights over your security of the person (birth certificate) learn how to do that and we can control this out of control spending of the governments
people have no idea about common law, we need to teach every one how to not give up our authority to a maritime admiralty court
It is election time! Let's start by asking the leaders to comment this video! Twitter: #fed2011 if many tweet this it will catch on!! Let's see who is worthy of our vote. Best is to vote other than the prehistoric classic parties! Spread this video fellow countrywomen and countrymen !
@2Beornot2Be5 Society is hijacked by the false notion that individuals should not think for themselves, but instead defer to expert opinions from people whose opinions have been vetted by peer reviewed professional journals. People who own / control such journals, newspapers, tv stations, etc, are the very tycoons who have hijacked the system. Anyone with a dissident opinion will be ridiculed by "agents of the system." This is why "the powers that be" are referenced everywhere. NAU is coming.
There have always been sheep and they always have been tormented by wolves. Perfectly natural. Mother Nature's Rule Book could be thrown out the window when the first sheep learns to use a hunting rifle. I don't see the natural order of parasitic men feeding off the herds of citizens, changing anytime soon. Revolution after revolution always create new packs of wolves. Sad, eh? Baaaah!
We need a revolution to get rid of the banking elite and the big government. The government is too big and has too much control. There is no freedom its almost socialism and could become a communist dictatorship very easily. If we stand up against the government of Canada they would institute the war act and turn this country into a dictatorship overnight. We are almost a police state now.
Watch the video called "Money As Debt" at the "Canadian Action Party .CA" website, it's on the right. I think these guys are trying to do something about this.
And the sad part is most Canadadians don't know this. There is no such law that we are obligated to pay income taxes, this is true with USA and Canada. If I worked for cash I don't have to file an income tax, because there is no law for a citizen to pay the tax for our earnings. How ever not to mention the other 15+ different types of taxes that we pay. Really we Canadians might look good from outside but we are the new world slaves to the banks.takes about 15-20 years to pay off a house loan
Yeah, i was watching BNN a while back and they asked Canadians who they thought threatened the our economy most. The majority answer was foreign countries, like if Europe goes into debt etc etc. Sad thing is the private banks in our own country are fucking us up the ass. It's so hidden from us we barely even know were in a economic crisis.
"If a DESPOTIC power incurs a debt NOT for the needs or in the INTEREST of the State / Canada, but to strengthen its despotic regime, to repress the population that fights against it, etc., this DEBT IS ODIOUS for the population of all the State."
FUCK THE CABAL OF INTERNATIONAL CROOKS
The Committee OF 300,Bilderblock-heads,Club of Je-Rome.
How many of these peeps are there?How many of us in the rest of the world?
Look at Egypt.To many pissed of folks,NOT enuff cops
Hard to take this video seriously when Bill Abram says that banks have a license to print money. This is completely incorrect. If the government wants to take out a loan, the bank of Canada acts as the Federal Government's fiscal agent and creates bonds. These bonds are then sold to the financial institutions via competitive bidding process. In other words, these financial institutions use their own money to buy the government's debt, not money out of thin air.
@SynapticTransmission What do you mean they dont' "own" the money? The fractional reserve system is done away. We don't use it. Any money a bank "loses (withdrawals, handing out loans, etc.) money has to be covered by other financial institutions by the end of the night due to the overnight market. We've been using this system since 1993, hence why the Bank Act Article 457 mentions that our fractional reserve ratio is nil.
@gamingeh Ya, that's right, there is NO RESERVE requires anymore - EVEN WORSE than a having a reserve requirement that could actually restrict credit. And yes, that's correct, only the mint can print physical money - whereas the banks do it electronically. Still amounting to printing money out of thin air with NOTHING backing it up - like you said NO RESERVE, and causing inflation. $100 in 2000 is only worth $80 now from the practice.
@SynapticTransmission You are not that bright are you? We have no reserve because we do not use fractional reserve anymore. Stop pretending that our financial system is similar to the States. If you still argue about the fractional reserve ratio in Canada, this tells me you don't even know the basics. Do you even have a CSC?
As for inflation, our inflation has been in the target range (1-3%, 2% being our ideal) since 1992. As for your example, that is within our target range.
@gamingeh Sorry Dude.. but your wrong. Look up fractial reserve banking. they create money out of thin air. A court case in Minnesota a banking president admitted as such and a mortgage owner got our of his mortgage because it was revealed the bank never put anything up on it's part for "consideration". Every loan is new money created out of thin air.
So therefore money is debt. I dare you to go ask you local bank how much money they have on deposit. Then ask them how much money they loan out through loans, mortgages, ect, to everyone including, corporations, governments, individuals, ect. The answer would scare you to death! Do you honestly think that VISA and MAster Card had millions of dollars on accounts before they decided to give credit to people. Seriously man.
I recently read an article which claims that all of the VOTING shares of the Bank of Canada are owned by the Federal Reserve Bank of New York .......... ?
Buy guns. Signs, protests and asking nicely doesn't work.
You protest, they tear gas.
Buy guns. Freedom is always achieved through violence. Without the threat of violence what stops them from taking your money and freedom? Morality? No. Fear will be the only thing to stop them.
@only1too AMEN BROTHER!!! HEY, WANNA RUN CANADA? LOL! you will definitely like d o l l a r p a g e s DOT org I refer people there all the time to help them but it is amazing how people wont even take the time to read a little. PITTY! I hope you can inspire those around you, i think taking this message to THE STREETS is essential.
Even if Canada creates it's own money rather than relying on loans from private banks, the problem will not be solved. The only way to rid us from these banking parasites is to literally get rid of them and nationalize the banking system. As it stands, if the government creates 1 billion dollars, the banks inflate this to 10 billion dollars (or more depending on the reserve ratios) through the fractional reserve system, all of which they generate interest on; this is completely ridiculous.
@peaceviddie Yes, fractional reserve banking is a rigged game. do you know Lobaczewki's analysis: the US is a full blown pathocracy, as outlined in the Polish psychologist's book, Political Ponerology. Ignoti nulla curatio morbi. (do not attempt to cure what you do not understand). A pathocracy is a breakdown of normal society, where psychopaths call the shots. The social disease (5% of the pop) runs its course, causing ENORMOUS harm, but maybe recognition can be the cure and antidote.
@peaceviddie Inflate? Not really. The reserve amount is set for Canadian banks.. Ill let you look that up. The other is loaned out, to .. people like you and me, so we can buy our houses. The way it is inflated, is simply that if the bank has $10, reserves $1, loans me $9 to buy a house, my money is then returned to a bank. Thereby, $9 is now back into the banking system. That money is then loaned out again, with reserve of 10%, $0.90 and $8.1 is loaned to someone else. And so on.
@Bored197272 you make no sense. You pay interest on your 9 dollars. By the time you pay it back, the bank has made three or four times the principle. And for what, lending you the peoples money? They didn't work for it. Abrams is right. The way it used to work is that money was printed to be spent on capital projects, social programs, and in borrowing to business's. That money then made it's way through the people, through wages, and into the banks via savings accounts to pay off loans.
@xxtwr1 You have no idea what you are talking about. when did loans not recieve or deserve a premium? when did money evolve? For what reason was paper money created?
I think you should read a little on the history of a free market and what it actually involves.
This rambling old crust doesn't even realize his diaper is full and you exremists want to start a revolution over what he is saying? Thank the blue balls of fire that I am not one of you.
HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ....AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US
Do you really think that the government and the central banking sytems are seprate? They are not. Money should be gold, and only real private banks have the ritght to make certificates that are redeemable in gold. The state only has the right to govern and check the wieghts. You my friend dont know what a right is. Today, there is no such thing as a private bank. A central banking system is always statetist.
@gogolando Do you honestly believe the crap coming out of your mouth? The biggest of them all is the Fed. It is a private owed bank. Look it up... educate yourself before making such a statement. Thanks
The Un-United States have been in the back pockets of the Federal Reserve since 1913.
That was the year Woodrow Wilson sold us out to his buddies who were blackmailing him.
Anyhow the problems Canada have are the same as our problem's, we pay interest on FIAT MONEY.... Money created from nothing. It's our biggest problem, and when JFK tried to take them off our back he was taken care of forever.
I'm talking about the Silver Certificate he created during his first term...
The real joke of it is the debt of 37 billion was created out of nothing., yet we are forever paying interest on nothing ,,,our tax dollars service the debt and nothing more.
We don't have a reserve system, banks are able to loan 20 dollars out for every dollar on deposit. which is a self imposed limit not a regulation in law. Each of those 20 debt dollars are able to loaned out again at a rate of 20:1
The Canadian Government is a business, and is a legalised Illegal entity, constantly making illegal dictatorial practices, legal by passing laws against it's citizens to make them outlaws should they not playball and behave like sheep.
everyone here should watch "Our bought and sold land" Canadian banking system documentary VERY EASY to understand and very clear on the situation... now as for college/university debt me and my gf will need to start selling weed just to have a chance to pay $40 000+ of intuition and OSAP.... How am I supposed to get a honest full-time job (that's minimum wage) and pay that shit back? Do the math and its impossible.
@saynotodrug999 this is federal debt not personal debt. Federal debt just keeps going up. And if your 40 000 is from school you gota manage it better... Canadian schooling is already like 90 % subsidized education. Imagine if you didn't get the governments help to pay for you ass thrue school!
We gained our standard of living and infrastructure on GCM (Government created Money) If you sympathise with sound money libertarian economists that prefer a market driven monetary system Please keep this in mind. This is unacceptable to most of us because it leaves no room for the government to spend on projects required by the nation.
You cannot allow individuals to concentrate wealth in a way that cripples the country, Gold and Silver can be hoarded and that won't do.
Exactly, a gold standard doesnt work, as a small group of people control it, we should just print anough money for our needs, without interest and loan them to the people at very low rates, or via usuary fees to ensure it gets paid back.
Unless there's a world war, we can manage with this system, but if you look at history, these private banking crooks create wars so we have to do in debt to finance them, devious people!
I can appreciate what you're saying. A FIAT currency gives the government the flexibility of funding, whereas gold and silver do not. Also a debt free Bank of Canada is really the solution to enrichen the citizens of Canada, just as Bill Abram correctly points out in this video.
However, I do think a gold or silver standard is eventually necessarily. Not because it is theoretically necessary (they aren't), but it is the only way to control government spending.
Governments actually have a pretty good record running the money system. During the American War of Indepence, it was only British conterfeiting which eventually ruined the value of the Conntinental. During the American civil war, again government money was used responsibly. At the beginning of the war one dollor in greenbacks got you one dollor gold At the end of the war the rate was the same. A government money system saved America twice. Seems like a good record to me.
The trouble with a FIAT currency is, governments eventually can't hellp themselves. Whether it's fighting unwinnable wars, paying off cronies, or spending like drunken sailors on programs to get re-elected, the trouble is, an unbacked currency can be overprinted. And if you read your history books, FIAT currencies always end poorly. Look it up: Whether it's French Assignats, Yugoslavian Dinars, Weimar Germany Reichmarks, Zimbabwean dollars old Mexican pesos; take your pick: they all end in chaos
All of your examples are of private monitary systems in which private banks not the government, creates the credit and therefore do not prove your assertion. See Steven Zarlenga's "The Lost Science of Money"
Soooo.. Let's make government print money at no interest as much as they want and let's see what happens. They'll probably print of a couple of dozens of tril's for their corporate/union subsidized little buddies within 24 hours, then all limited resources will end up being owned and when inflation hits 1 year after, you'll have nothing to buy but alot of paper with the queen's face to wipe your ass with. Regardless, let's try.
the government isn't stupid to just print unlimited enough to cover the gross products, why would you let a private bankers rule a country, rather then let the people->republic->Government rule the country by controlling thier own economy and money supply. Learn history, this is nomore than KINGS and Queens ruling the country and the people having no voice, except there not called Kings, thier Bankers
"the government isn't stupid to just print unlimited enough to cover the gross products"
Apparently, you haven't noticed that's what happened already. The currencies of all western countries working with the central bank model have all been debased, diluted and trashed by all governments because of overprinting/electronic issuing. Govt's don't let politically uncontrolled people manage the LEGAL tender, duh.
@StrafingMoose printing money as much as they want is no worse than borrowing money as much as they want, but when you print you don't have an interest at least
Actually, you want banks to raise interest rates on government loaning so they borrow less of it as a way to safeguard their parasitical system. It's called deflation and it's healthy for the average saver. I'd bet that most people advocating government rateless money printing do not save and live off like 5 loaded credit cards.
This is why, that not only does the government need to control the printing of money, but also there needs to been an unconditional redeemability into a specified amount (eg. 1 gram) of gold, silver or even copper. The fact that metals cannot be printed, will ensure that money will remain honest.
The reason why private banks are the bad guys here, is that they actually print the money from nothing (by giving out loans), and have the gall to charge interest for it too!!
Only comment with any sense I've read in here yet. I agree with the metal thing. But the real problem here is the legal tender laws which forces people to accept a certain currency for debt resolving intead of having many competing ones. ie: you are conservative, go for a gold backed currency. You are cowboyish, go for a fiat one where the bank uses your deposits as a lever for greater earnings.
It'sclear you don't understand economics and what causes inflation. You should keep your comments to things you understand, or study a lot more history. Moron.
You haven't shown in any way that I do not understand economics. Try to use something other than insults; it'll make your intellect progress in some way at least. I mean, if you call people morons in real life debates, I pity your life.
strange- a country such as Canada is in debt for lending ITSELF money that it has the right to print for ITSELF? Yet somehow it is in debt (plus interest) to private banks that are getting their cash from the..government's..bank?
It takes real used shitrag set of people (politicians)& a banker(no lower derogatory descrip. available in any language)to pull this off- all they need is apathetic & ignorant populace that's more worried about hockey scores & if their credit will get them a 42" or 52"
it has been & will ever be...that's the unfortunate part. Making 'tube vids won't stop these cesspool spawned vermin & their wannabe vampire flunkies from laughing at us all the way to their banks with our blood sweat and tears in the form of "promissory notes"
must be some organization like Tax Watchdogs or Ombudsman that concerned people can get together & DO SOMETHING...frustrating, isn't it?
kill 'em all,let God sort 'em out
or just eat the rich..? probably get silly fat cow disease
@only1too here i'll explain this one quick and dirty, if the canadian print just prints of money (say like the american), the money that is now in exsitance become less and less valuable look up pre-world war 2 germany and what happened when they just printed tons of cash.
ok listen, instead of printing money, which could work because the interest paid on that money would go back into the system. in other words the interest would go to pay for roads and the police and fireman. but instead we pump money in by borrowing, from bankers, so money is still being flooded into our system, but cuz of all the interest we pay on the debt we always have to keep borrowing money. Now argue with those facts, my friend. cuz u think paying 37 billion to bankers each year is GOOD?
@evilevanevilevan okay, since i see this is going no where since you are not actually intelligently debate me on my points or what i actually said, i am just going to say GOOD Ridance, dummkoff
Printing money can work if the interest goes back to the tax payers. you make it sound like Canada's economic system is as good as it can be?? you can't be serious?? how old are you?? are you still in high school?? are you arguing with this man who is well matured and well educated and who quit his job to study this topic. did you quit your paper route to study this. did you put your allowance into a bank and thats y your sticking up for the bankers. or are u the son of a banker. WAKE UP BUDDY!!
@Sumdude54 I'm rich, you're poor. You sit around and whine and get fat while I work hard with a good attitude. "The people need to take it back"???? You have your hands out, how and what are you going to take back? pfffft, get a job
e-e-e-zy McJob boy.We all can't get jobs(or would want to)at Daddy's scumbag mutual fund brokerage firm getting everyone lattes...
start your own business(go ahead it's so-o-o simple) & just maybe you'll wake up to the reality of government.probably not.
Least you'll know what rookie drank which energy drink & jag & scored in what year 'cuz that's real important.Literal retard -except purposely stunts their mental growth.
DOOMED with these kind of turds coming down the pipe..
@only1too Nice generic reply---so original. What are you, 50? 60? I seriously can't be bothered trying to explain it all to you, so go watch your tube television (you sit there waiting for the 10 o'clock news all evening so you can hum and haw and give your opinion on every story to absolutely no one, because abslolutely no one can stand your boring ass) and turn in early. Night, Greg. Don't forget your rum and water
@only1too you're dumb enough to believe a senile old man? We're the best country in the world, old miserable crumbs like this gentleman have nothing left to blame their nothingness on but their country. I mean, the USA owes us billions..and they are considered a rich country. If you don't like this place you should pack this old senile sack of bones in a packsack and head south...as far as you can get your desperate lousy, ungratefull attitude away from me. Bye!
you're a typical dumb-ass latest generation canadian useless punk-ass that worries more about hockey scores and what tint and how much gel to use on it's head than things that matter.
Perfect tele-vidiot media automaton that has no respect for his elders, their experience or what they have built -that you enjoy with a sense of entitlement like you built it yourself. Pull your pants up goofball, your face is hanging out...
@DoinThupidThings my, my, a little touchy? WTF you ragging on about? YOUR CLUELESS POSTS indicate you no next to nothing about your country, its government (de facto), and how money is created and how it should be done. So, after you read d o l l a r p a g e s DOT org you will be totally apologizing to everyone, unless you are AGAINST Canadians, which makes you 'one of them' and thus a SHILL!
@vhsjvc i think it's you that sounds a little touch there grandma. I've forgotten more about how money and how it is created and our government than you ever knew so that's an issue we'll both agree on right away. The gentleman in this video doesn't have the slightest clue. He's got jade dimwits like you on his bandwagon, just like Jim Jones got hundreds to poison themselves in Guyana. You're a negative, defeated cow and looking for excuses in anyone who can create one. I feel sorry fo ryou....
@vhsjvc my issue? : yes, we all know our bank managers are out for their own best interests, not ours. They omit things they could tell that cost us money, and the banks make more money through these omissions. But this teacher is an alarmist and just looking for attention. What should we do, gut the banking system and try to find a better way? Banks aren't forcing any of us to hand over our money. You got to be smart these days and keep vigil. The man in this video is a whiner and unoriginal.
@DoinThupidThings hi fats...trying to converse about money when you live in a dumpster w/ windows & are in the lowest tax bracket...EVERYONE look at this misfit's video on his page...actually, don't bother...i will sum it up: a really ugly guy, with barefeet, dirt is all over his barefeet, his fat calves thunder the earth as he bounces a ball by himself and literally prances around his cheap property...plus, he admits to being tortured by swedish men...LOL had to own you one last time, grub
@MurphGiovanni HAHAHA which college are you telling everyone you go to today, Harvard? LOLOL according to your comments you've been to every ivory league college in the USA LOLOLOL closer to the truth is that you never got past grade 4 LOOOOOOOLZEEEE-LOOOOO hahahah when you had hair I bet it was curly and greasy eh WOOOOOOPPPPPPAAA lllllllloooooolllzeeeeeloooo :)
The United States is under the exact same system, as well as practically every single modern country on earth. It's called central banking, and it means internationalists own you and everything you've ever touched. Your ignorance, and the ignorance of those just like you, is why we live under such a system. Good work, pat yourself on the back.
The United States is under the exact same system, as well as practically every single modern country on earth. It's called central banking, and it means internationalists own you and everything you've ever touched. Your ignorance, and the ignorance of those just like you, is why we live under such a system. Good work, pat yourself on the back.
@only1too Canadians are oblivious, no one listens when I speak of these things, I'm called an idealist while they rush home to watch desperate housewives.
I was called a lunatic in the 80s when I spoke of the NWO...until papa bush said it to the UN in 92.
then they wouldnt talk to me because they were frightened!!
the number of zombies far out number the awake. I dont think there is any hope. the G20 fascist ¨police¨ force showed us where things are going. false flag car burnings to justify gestapo tactics. and things havent gotten that bad yet.look for the ¨alien¨ saviors coming to a planet near you.
@worldgoingtozero Point to the sky & show them something they can SEE. They will take some interest when thay can actually See something that is WRONG & Poisoning them.Then show them the NAFTA super hiway that's gonna run cheap goods from the Laredo Tx. Border thru the U.S. into Canada's Front door.
@only1too It's called the Rothschild Zionist global central banking system, and only FOUR countries on Earth are not a victim of it, North Korea, Iran, Cuba, and Sudan. Afghanistan, Iraq, and Libya are the three latest victim. Every other country on earth is in debt to the fraudulent banking industry so to say "all they need is apathetic and ignorant populace..." really demonstrates your ignorance. Your probably American, and your country is being DESTROYED by the same people.
What happened to our Canadian Militia? These banking & political tyrants must be held responsible for the state that our country is in. I for one intend on exposing the truth to as many people as possible about the illegal & immoral intent of the central banks & political circus we have in North America. Invest in tangible items & commodities to protect the value of your dollar. Money is useless in a crumbling economy, the banks can defunct the currency & all your are holding is paper!
Learn more about our orthodox economic system of usury-based, debt money at the UsuryFree Eye Opener. Do a search for "The UsuryFree Eye Opener" and you will find lots of relevant articles. AND readers are invited to help celebrate the Fifth Annual UsuryFree Week from November 13th to 19th, 2009. Details are posted at The UsuryFree Eye Opener.
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
To all you naive jackasses and satanic-corporate lackies, maybe a few comments of those in the know, can enlighten you-do some f**king research instead of sitting on your hands! Stop making it hard for others, like myself, to stop and pick-up your lazy-ass-minds from the stupor:
"You are a den of vipers and thieves (bankers) I intend to rout you out, and by the grace of the Eternal God, will rout you out." Andrew Jackson
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." -James Madison
"I believe banking institutions are more dangerous to our liberties than 15 ton rabid chickens with razor sharp metal talons and laser beam eyes." Sponge Bob
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Think about it next time. If there were no banks think of the thousands of people who would have no jobs, think about the thousands of charities that would lose money, think about the Billions in lost revenue for the gov't to fund your social programs (education, health care, social assistance). The millions of Canadians without access to credit for mortgage, cars, and investments. The economy would halt! Its easy for you to blame banks for your so called "tyranny" Look at the bigger picture.
At best it can be said the banks make everything less efficient and far less stable. At worst they are crooks enslaving the working class. The truth is somewhere in the middle.
Indeed...all the banks HOLD YOU. Your forgetting why we in this mess in the first place. The banks and bankers have made themselves out to be the fulcrum or central point of society.They're ingrained into the law and the 'less than rich' man or woman has no recourse.The bank concept is a good one in theory only. In practice it is to the bankers' advantage to see people get in over their heads so they can be foreclosed upon. Naive that you are..fools.
Banks and people in the finance industry live in a world of oblivion to life itself. To them everything is based on money. They have the power and sometimes the law and so they don't care who gets hurt. They take what they feel is right with complete disregard. And now the government is taking our money and giving it to them when they're the ones with the overdrafts. Charging left and right for services on OUR money. Like any business they donate for tax purposes and public image..
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Banks are criminal? Look at your house, car, your education everything you have! Your wealth was built on borrowed money, that wouldn't be possible without banks and access to credit. What about the thousands of jobs that are created or the thousands of dollars donated to charities because of banks and making credit available.
Canadian banks have been deemed one of the most stable in the world.
Banks and corporations owe everything they have to..US. We have what we have because of ..US. Banks are in the business for themselves and we have mistakenly included them in the process. Corporations wouldn't be selling products if it wasn't for..US. The day is fast approaching when..I hope...Canadians will wake-up to the undenialable truth. WE are gettng robbed, left, right and center by these criminals/wolves and it is time for US, to take a stand. If not US, who will? Nobody in parliament!
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Really. you're a fucking idiot. Canada is almost at parity with the US and it's going great! Are banks are YES! One of the healthier and most trusted. Ex: Scotiabank. US is owned by china so who the fuck cares.
Dude, the banks loan people money that doesn't exist. Most of the cash in the world doesn't actually exist in bank notes and coins. Vast majority of the world's cash only exists as numbers on a number screen not as bank notes or coins. Thus, the world economy is built on debt that is backed up by very little real cash.
Ya well its time we the people screwed the banks. This is how we do it. Everyone take your money out of the banks. This will bring them to their knees. We dont just give them money. We give them FREE money. Just by opening a bank account. Wouldnt it be nice if everyone gave you FREE money. Get a safe and a gun and put it your own bank. Banks are not your friend. They are blood sucking vampires. Take your money out tomorrow. We the people have the power.
Nice idea, but banks make their money from the compound interest on debts incurred by borrowers. These debts and the money they create are fictitious - the 'money' is created by the bank at the time the loan agreement is signed and which disappears as soon as the loan is repaid. Stop borrowing from banks and that'll cut off the vampire's lifeline.
As soon as citizens do this they create a depression as they are physically reducing the money supply. However, if citizens become self sufficient and more dependent on one another they can create a bartering system and perhaps another medium of trade that subverts that of the Government's Socialized Control and therefor a truly Free Market System for the people and by the people.
Rather, what I should say is if this catches on and citizens do this without creating their own device for trade and sustenance then this causes a depression / severe recession.
I agree self -sufficient and self-governing...and to top it off, all free-energy inventions and devices released to the public that has been held back for well over 50 years. It may be inconvenient and bumpy at first, but well worth it in the end to transition from this slave-like subservient living condition. Irregardless, if you don't like the idea..we are heading in that direction...but if NESARA kicks in...then it may be slightly different. Let God reign on earth!
They also make their money by opening bank accounts for people who want to put money in it...service charge for withdrawing it(debit card) Do you think they just let the money sit there? In turn they use it to invest. I'd say the same, get your own safe, invest it or store it. F**k them.
This is why Harper with his projected $50 billion debt this year (which will get added to long term debt) will just help Harper's "hidden agenda" of gutting Canada's social programs. The problem is not Canada overspending (as over 90% of Canada's debt is interest), the problem is the evils of fractional reserve lending and the ability of banks to electronically print money. The solution therefore lies in banking reform.
The problem was that the federal government already had $20 billion spent by the time the year end rolled around. So they got $20 billion in loans for money they spent on the CITIZENS of Canada. If this fellow wants this not to happen in the future, he should encourage the Government to raise Taxes, and Cut Spending. This way, the government won't have to collect more in loans and pay more in interest.
What was happening was, if the government ran a $20 billion deficit in a given year, meaning they overspent the revenue coming into the government over expenditures by $20 billion, they would have to find $20 billion somewhere to pay for this. So essentially, the government needed to find $20 billion from somewhere. So it sold $20 billion in bonds on the open market to pay for it. The interest you see in the chart (the $34 billion a year) relates to the interest charges of those bonds in a year
This guy is 100% confused about the Bank of Canada.The $450 billion odd he talks about was the financing of the deficit up until 1996 when the Chretien government balanced the budget.
That balanced budget the Chretien government did, starting in the 1990's was the DEFICIT (ie they brought more money than they paid out). Quite appropriately, they started paying down the debt as well. The $450 billion (more like over $500 billion now) is LONG TERM DEBT (much like a mortgage). That is different from a budget deficit (which is just an annual measure of how much the government paid out that year compared to what it brought in.
@kidcanada13 No... the $450 billion IS the debt. The balanced budgets from the Chretien years simply means that no new debt was bought during that time, Or in other words... the government brought in more in revenue then it payed out in services. Therefore not having to sell Treasury Bonds on the open market to make up for a shortfall. think about it for sec. the interest alone is over $30 billion/year. LEts say we have a $20 billion surplus. $10 billion is still addded to the overall debt.
yes,yesyes
UpcastSpongebob 1 week ago
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John Smith went one day to the bank and told staff that he has a $ 100,000 account. The bank said he did not have a $ 100k account, but $ 1 mill. The bank said he could borrow $ 900k from them if he wanted. The temptation was great that he chose to take a loan so he could buy an apartment. The bank gave him the loan quickly, and John Smith bought a house that was just his! The John Doe never understood was that the bank had now received the 100k dollars of his own and in addition his apartment!
MrNorwayboy20 2 weeks ago
Capitalism with a strong constitution base on human rights wotks fine , add bankers to the equation they detroy the system and guid it to their own designs
napalmcoffee 4 weeks ago
Money supply is created by the Bank of Canada, in Canada.
Loaned money, or check money as you put it is not created money. It has not increased the money supply. Not one cent.
The creation is a balance sheet item only. The other half of the entry is simply the debt.
i.e. the money created, by loaning out (with a reserve), is not 'New' money. It is a debt owed to the bank that was loaned from.
Bored197272 1 month ago
Because we are not issuing our money for society debt through our national bank in Canada, but instead we borrow from private banks, from 1867 until 1992, our actual cost 4 goods & services was 37 billion $. But we owe an extra 386 billion dollars in compounded INTEREST. #7 billion cost, 386 billion interest. How 'bout your country?
Dehzee 2 months ago in playlist Dehzee's favorites
@Dehzee hi...
denverdog44 2 months ago
@denverdog44 Hey, haven't seen you round the hood lately, have you headed for the hills yet? lol! Have you seen Makana's 'We are the many' yet? Awesomeness!
Dehzee 2 months ago
@Dehzee oops, should read 37 billion, not 7 billion.
Dehzee 2 months ago
All banks are criminal. All of them.
cheeriosinabowl 2 months ago 2
Man your awesome! You are an obviously well learned man who has worked his whole life lie so many of us. TY for pointing out the facts our Government is complicit with these banks and it's all criminal enterprise. Hence the defacto governments (illegitimate). We are going to have to act on our own to bring them to justice for these crimes because our courts refuse to acknowledge their crimes even in the face of the Laws being broken in plain view so the courts are defacto and must be taken back
MarshallAMarshall 3 months ago 7
OCCUPY CANADA!
MrLion616 3 months ago 5
@MrLion616 come try sweetheart. :)
tysonfuckinmeyer 2 weeks ago
Wow Beta male gone rabid. If you dont want to pay interest, dont borrow money. His hero trudeau borrowed money at 19% and I dont think this guy voted for joe clark. Oh oh he said international private banks, I cant wait to hear his zionists own everything rant. Dont worry, he just cant wait to get there and he will. Perhaps we should stop borrowing by not spending. What, no money for welfare queens? Tell you what buddy, buy some bank stock.
cdw100 3 months ago
@cdw100 You are right, we should keep using our current system until we collapse.
Dehzee 3 months ago
@cdw100 You are so right, we should all be politically correct, stfu, continue with a money system that is destroying the world but making you and the parasitic elite happy, oops, am I allowed to say that, or am I not being sensitive enough for you?
Dehzee 3 months ago 3
@cdw100 Its simple facts that its all a CRIMINAL ENTERPRISE our Governments involved.
MarshallAMarshall 3 months ago
Geez Bill,
Get a life!
ja81th 3 months ago
@ja81th Short and sweet, hope you aren't being paid by salary mr. shill, cuz you ain't working to hard for the money.
Dehzee 3 months ago
watch?v=JuP2hH0Kpro <----- this is the FULL version
SPREAD THIS!
MidnightFireBurst 3 months ago 2
Stop the unconstitutional and unsustainable accumulation of ODIOUS (interest bearing) debt by corrupt government officials who do not represent the interests of Canadians as a whole. Use The Bank of Canada as designed to function as a UTILITY as was the case prior to 1974 when the international banking cartel came to rape and pillage as is their Modus Operandi worldwide.
Tuzzie902 3 months ago in playlist More videos from Yoryevrah
All G8 countries are run this way.
jlarsena 3 months ago
@jlarsena And all are broke.
Dehzee 3 months ago
This happens with all Governments that have "outsourced" their "creation" of money: US, UK... The FED and the Bank of England are private banks.
The Canadian example is just one of all of them.
AristonicoBelargio 4 months ago
How can I contact Bill or Celia Abram?
CanadianSpartacus 4 months ago
ok...all u bright ppl with opinions more correct than the next guy. HOW WOULD U FIX THE COUNTRY????? i don't give a shit about how we got here. ITS TIME TO FIX! do u think u can ppl to agree on a solution?
saplondon09 5 months ago
@saplondon09 send a notice of your claim of rights over your security of the person (birth certificate) learn how to do that and we can control this out of control spending of the governments
people have no idea about common law, we need to teach every one how to not give up our authority to a maritime admiralty court
demented669 5 months ago
This is a flawed analysis, because it doesn't show what percentage of the loans is from other countries, such as China.
IvanAndreevich 6 months ago
wheres part 2??
thatstheguy07 8 months ago
It is election time! Let's start by asking the leaders to comment this video! Twitter: #fed2011 if many tweet this it will catch on!! Let's see who is worthy of our vote. Best is to vote other than the prehistoric classic parties! Spread this video fellow countrywomen and countrymen !
2Beornot2Be5 9 months ago 2
@2Beornot2Be5 Society is hijacked by the false notion that individuals should not think for themselves, but instead defer to expert opinions from people whose opinions have been vetted by peer reviewed professional journals. People who own / control such journals, newspapers, tv stations, etc, are the very tycoons who have hijacked the system. Anyone with a dissident opinion will be ridiculed by "agents of the system." This is why "the powers that be" are referenced everywhere. NAU is coming.
oldspammer 7 months ago in playlist Bill Abram - Crime of the Canadian Banking System 3
There have always been sheep and they always have been tormented by wolves. Perfectly natural. Mother Nature's Rule Book could be thrown out the window when the first sheep learns to use a hunting rifle. I don't see the natural order of parasitic men feeding off the herds of citizens, changing anytime soon. Revolution after revolution always create new packs of wolves. Sad, eh? Baaaah!
bignug1 10 months ago
We need a revolution to get rid of the banking elite and the big government. The government is too big and has too much control. There is no freedom its almost socialism and could become a communist dictatorship very easily. If we stand up against the government of Canada they would institute the war act and turn this country into a dictatorship overnight. We are almost a police state now.
jartherp 10 months ago 2
Watch the video called "Money As Debt" at the "Canadian Action Party .CA" website, it's on the right. I think these guys are trying to do something about this.
Lejeus 10 months ago
And the sad part is most Canadadians don't know this. There is no such law that we are obligated to pay income taxes, this is true with USA and Canada. If I worked for cash I don't have to file an income tax, because there is no law for a citizen to pay the tax for our earnings. How ever not to mention the other 15+ different types of taxes that we pay. Really we Canadians might look good from outside but we are the new world slaves to the banks.takes about 15-20 years to pay off a house loan
fecri1234 11 months ago
@fecri1234
Yeah, i was watching BNN a while back and they asked Canadians who they thought threatened the our economy most. The majority answer was foreign countries, like if Europe goes into debt etc etc. Sad thing is the private banks in our own country are fucking us up the ass. It's so hidden from us we barely even know were in a economic crisis.
TDWPOwns12 10 months ago
Alexander Sack, 1927 is the writer of the Odious debt info below.
I Got carried away just a bit......
PQXLR 11 months ago
"If a DESPOTIC power incurs a debt NOT for the needs or in the INTEREST of the State / Canada, but to strengthen its despotic regime, to repress the population that fights against it, etc., this DEBT IS ODIOUS for the population of all the State."
FUCK THE CABAL OF INTERNATIONAL CROOKS
The Committee OF 300,Bilderblock-heads,Club of Je-Rome.
How many of these peeps are there?How many of us in the rest of the world?
Look at Egypt.To many pissed of folks,NOT enuff cops
- Alexander Sack, 1927
PQXLR 11 months ago
ODIOUS DEBT.......
Ecuador's default by Odious Debts Online
Audit findings prompt refusal to pay 'illegitimate' debt. December 12/2008
Debt cancellation a victory for the world by Desmond Tutu
"Much of this debt originates from loans made to corrupt and oppressive regimes that did not benefit the population." The Baltimore Sun May 7/2008
Chad's checkmate
World bank system to safeguard oil revenues "hasn't exactly worked as expected." Odious Debts Online March 26/2008
PQXLR 11 months ago
**** for all those who are reading these comments:
it's very important that you go beyond the comments- some are confused, some are copy paste ... some are outdated
457. [Repealed, 1999, c. 31, s. 14] as a response to gamingeh
msbaboolal 11 months ago
Crash J P Morgan, Buy Silver. Let's make it.... Very Clear....
TheSilverWatch 11 months ago
Canada had a surplus for quite a few yrs...not sure what that was all about if the figures in the documentary are true.
cowyow101 1 year ago
@cowyow101 Surplus of debt anyway - that's for sure! : debtclock dot ca
SynapticTransmission 11 months ago
@cowyow101 The surplus was over and above the debt service payments made by the federal government.
Scientisticsoviet 9 months ago
OBEY.
CorporateRule 1 year ago
Hard to take this video seriously when Bill Abram says that banks have a license to print money. This is completely incorrect. If the government wants to take out a loan, the bank of Canada acts as the Federal Government's fiscal agent and creates bonds. These bonds are then sold to the financial institutions via competitive bidding process. In other words, these financial institutions use their own money to buy the government's debt, not money out of thin air.
gamingeh 1 year ago
@gamingeh they don't have any of their "OWN" money dude. That's the point.
SynapticTransmission 11 months ago
@SynapticTransmission What do you mean they dont' "own" the money? The fractional reserve system is done away. We don't use it. Any money a bank "loses (withdrawals, handing out loans, etc.) money has to be covered by other financial institutions by the end of the night due to the overnight market. We've been using this system since 1993, hence why the Bank Act Article 457 mentions that our fractional reserve ratio is nil.
gamingeh 11 months ago
@gamingeh Ya, that's right, there is NO RESERVE requires anymore - EVEN WORSE than a having a reserve requirement that could actually restrict credit. And yes, that's correct, only the mint can print physical money - whereas the banks do it electronically. Still amounting to printing money out of thin air with NOTHING backing it up - like you said NO RESERVE, and causing inflation. $100 in 2000 is only worth $80 now from the practice.
SynapticTransmission 11 months ago
@SynapticTransmission You are not that bright are you? We have no reserve because we do not use fractional reserve anymore. Stop pretending that our financial system is similar to the States. If you still argue about the fractional reserve ratio in Canada, this tells me you don't even know the basics. Do you even have a CSC?
As for inflation, our inflation has been in the target range (1-3%, 2% being our ideal) since 1992. As for your example, that is within our target range.
gamingeh 11 months ago
@gamingeh Obviously a lot brighter than you.
SynapticTransmission 11 months ago
@gamingeh Sorry Dude.. but your wrong. Look up fractial reserve banking. they create money out of thin air. A court case in Minnesota a banking president admitted as such and a mortgage owner got our of his mortgage because it was revealed the bank never put anything up on it's part for "consideration". Every loan is new money created out of thin air.
MrRf1975 8 months ago
So therefore money is debt. I dare you to go ask you local bank how much money they have on deposit. Then ask them how much money they loan out through loans, mortgages, ect, to everyone including, corporations, governments, individuals, ect. The answer would scare you to death! Do you honestly think that VISA and MAster Card had millions of dollars on accounts before they decided to give credit to people. Seriously man.
MrRf1975 8 months ago
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Помощь. Кредит 17%. М МО. Без справок и поручителей. Консалтинг 25%. Другие варианты. (495)2200660 2200660@mail.ru
tiblon1 1 year ago
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it`s people like you that keep our country `sane`thankyou!
thejoyofhealth 1 year ago
I recently read an article which claims that all of the VOTING shares of the Bank of Canada are owned by the Federal Reserve Bank of New York .......... ?
barneythehorse 1 year ago
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WHERE DO DRUGS COME IN TO THIS
DAJAZDJ1 1 year ago
Nice trick... have you tried the money making technique posted for free ez-casino(dot)com? It's working pretty well for me!
hannahFlowershshy 1 year ago
Buy guns. Signs, protests and asking nicely doesn't work.
You protest, they tear gas.
Buy guns. Freedom is always achieved through violence. Without the threat of violence what stops them from taking your money and freedom? Morality? No. Fear will be the only thing to stop them.
MrSmith1002 1 year ago 2
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The reason we borrow from time to time instead of having the Canada bank print it up is a simple one
if we print it up it is instant inflation if we borrow even though we have to pay interest
it is only a debt that can be paid off as more resources are sold.
our wealth has nothing to do with the money or the debts it is the immense resources and the low population,which amounts to such an awesome amount
borrowing is a good thing from time to time.
dave777blaster 1 year ago
WHY WE ARE IN SO MUCH DEBT is another good video. It provides one of the simplest, clearest explanations yet. Highly recommended.
SilentNoMorePubs 1 year ago
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WHY WE ARE IN SO MUCH DEBT is another good video. It provides one of the simplest, clearest explanations yet. Highly recommended.
SilentNoMorePubs 1 year ago
Vote Canadian Action Party!
nichins 1 year ago
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@only1too AMEN BROTHER!!! HEY, WANNA RUN CANADA? LOL! you will definitely like d o l l a r p a g e s DOT org I refer people there all the time to help them but it is amazing how people wont even take the time to read a little. PITTY! I hope you can inspire those around you, i think taking this message to THE STREETS is essential.
vhsjvc 1 year ago
@c0wtipp3r You got issues.
vhsjvc 1 year ago
Even if Canada creates it's own money rather than relying on loans from private banks, the problem will not be solved. The only way to rid us from these banking parasites is to literally get rid of them and nationalize the banking system. As it stands, if the government creates 1 billion dollars, the banks inflate this to 10 billion dollars (or more depending on the reserve ratios) through the fractional reserve system, all of which they generate interest on; this is completely ridiculous.
peaceviddie 1 year ago 22
@peaceviddie Yes, fractional reserve banking is a rigged game. do you know Lobaczewki's analysis: the US is a full blown pathocracy, as outlined in the Polish psychologist's book, Political Ponerology. Ignoti nulla curatio morbi. (do not attempt to cure what you do not understand). A pathocracy is a breakdown of normal society, where psychopaths call the shots. The social disease (5% of the pop) runs its course, causing ENORMOUS harm, but maybe recognition can be the cure and antidote.
Yoryevrah 1 year ago 16
@peaceviddie Inflate? Not really. The reserve amount is set for Canadian banks.. Ill let you look that up. The other is loaned out, to .. people like you and me, so we can buy our houses. The way it is inflated, is simply that if the bank has $10, reserves $1, loans me $9 to buy a house, my money is then returned to a bank. Thereby, $9 is now back into the banking system. That money is then loaned out again, with reserve of 10%, $0.90 and $8.1 is loaned to someone else. And so on.
Bored197272 1 month ago
@Bored197272 you make no sense. You pay interest on your 9 dollars. By the time you pay it back, the bank has made three or four times the principle. And for what, lending you the peoples money? They didn't work for it. Abrams is right. The way it used to work is that money was printed to be spent on capital projects, social programs, and in borrowing to business's. That money then made it's way through the people, through wages, and into the banks via savings accounts to pay off loans.
xxtwr1 1 week ago
@xxtwr1 You have no idea what you are talking about. when did loans not recieve or deserve a premium? when did money evolve? For what reason was paper money created?
I think you should read a little on the history of a free market and what it actually involves.
Money was never loaned for a premium? Really?
Bored197272 1 week ago
This rambling old crust doesn't even realize his diaper is full and you exremists want to start a revolution over what he is saying? Thank the blue balls of fire that I am not one of you.
DoinThupidThings 1 year ago
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HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ....AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US
UTubePressOnline 1 year ago
so much ignorance
blazinhomo 1 year ago
Do you really think that the government and the central banking sytems are seprate? They are not. Money should be gold, and only real private banks have the ritght to make certificates that are redeemable in gold. The state only has the right to govern and check the wieghts. You my friend dont know what a right is. Today, there is no such thing as a private bank. A central banking system is always statetist.
gogolando 1 year ago
@gogolando Do you honestly believe the crap coming out of your mouth? The biggest of them all is the Fed. It is a private owed bank. Look it up... educate yourself before making such a statement. Thanks
MrRf1975 8 months ago
good job...
1778owen 1 year ago
The Un-United States have been in the back pockets of the Federal Reserve since 1913.
That was the year Woodrow Wilson sold us out to his buddies who were blackmailing him.
Anyhow the problems Canada have are the same as our problem's, we pay interest on FIAT MONEY.... Money created from nothing. It's our biggest problem, and when JFK tried to take them off our back he was taken care of forever.
I'm talking about the Silver Certificate he created during his first term...
asbullVIII12 1 year ago
of course .. a joke
amarcaurele 1 year ago
any judges willing to take this on?
Input4Output 1 year ago
The real joke of it is the debt of 37 billion was created out of nothing., yet we are forever paying interest on nothing ,,,our tax dollars service the debt and nothing more.
We don't have a reserve system, banks are able to loan 20 dollars out for every dollar on deposit. which is a self imposed limit not a regulation in law. Each of those 20 debt dollars are able to loaned out again at a rate of 20:1
MrKilroi 1 year ago
The Canadian Government is a business, and is a legalised Illegal entity, constantly making illegal dictatorial practices, legal by passing laws against it's citizens to make them outlaws should they not playball and behave like sheep.
diamonddust22 1 year ago 2
problem is that the bill you hold in your hand is not money tho many ppl think it is
it is not its a note a legal tender tender does not equal money . its a promess to pay
romeoneverdies 1 year ago
To really understand... Just look up Zeitgeist 2, but an excellent faster way to really understand.... Just look up Blacksmiths and Bankers!!!
911truthseekers 1 year ago
The Banks set up the Education system to keep this information from the public!
911truthseekers 1 year ago
everyone here should watch "Our bought and sold land" Canadian banking system documentary VERY EASY to understand and very clear on the situation... now as for college/university debt me and my gf will need to start selling weed just to have a chance to pay $40 000+ of intuition and OSAP.... How am I supposed to get a honest full-time job (that's minimum wage) and pay that shit back? Do the math and its impossible.
saynotodrug999 1 year ago
@saynotodrug999 this is federal debt not personal debt. Federal debt just keeps going up. And if your 40 000 is from school you gota manage it better... Canadian schooling is already like 90 % subsidized education. Imagine if you didn't get the governments help to pay for you ass thrue school!
MrCoolguy6273 1 year ago
@MrCoolguy6273 and you have learned this from Canadian subsidized education, wow ! Just look up Zeitgeist
westerplatte39 1 year ago
@westerplatte39 learned what?
MrCoolguy6273 1 year ago
We gained our standard of living and infrastructure on GCM (Government created Money) If you sympathise with sound money libertarian economists that prefer a market driven monetary system Please keep this in mind. This is unacceptable to most of us because it leaves no room for the government to spend on projects required by the nation.
You cannot allow individuals to concentrate wealth in a way that cripples the country, Gold and Silver can be hoarded and that won't do.
norhetoric1 1 year ago
Exactly, a gold standard doesnt work, as a small group of people control it, we should just print anough money for our needs, without interest and loan them to the people at very low rates, or via usuary fees to ensure it gets paid back.
Unless there's a world war, we can manage with this system, but if you look at history, these private banking crooks create wars so we have to do in debt to finance them, devious people!
GtheMVP 1 year ago
I guess Mark Carney and a few other voters on the board of Bank of Canada is NOT a small group of people...
StrafingMoose 1 year ago
I can appreciate what you're saying. A FIAT currency gives the government the flexibility of funding, whereas gold and silver do not. Also a debt free Bank of Canada is really the solution to enrichen the citizens of Canada, just as Bill Abram correctly points out in this video.
However, I do think a gold or silver standard is eventually necessarily. Not because it is theoretically necessary (they aren't), but it is the only way to control government spending.
derfowvayer 1 year ago
@derfowvayer
Governments actually have a pretty good record running the money system. During the American War of Indepence, it was only British conterfeiting which eventually ruined the value of the Conntinental. During the American civil war, again government money was used responsibly. At the beginning of the war one dollor in greenbacks got you one dollor gold At the end of the war the rate was the same. A government money system saved America twice. Seems like a good record to me.
WilhelmDrake 1 year ago
The trouble with a FIAT currency is, governments eventually can't hellp themselves. Whether it's fighting unwinnable wars, paying off cronies, or spending like drunken sailors on programs to get re-elected, the trouble is, an unbacked currency can be overprinted. And if you read your history books, FIAT currencies always end poorly. Look it up: Whether it's French Assignats, Yugoslavian Dinars, Weimar Germany Reichmarks, Zimbabwean dollars old Mexican pesos; take your pick: they all end in chaos
derfowvayer 1 year ago
@derfowvayer
All of your examples are of private monitary systems in which private banks not the government, creates the credit and therefore do not prove your assertion. See Steven Zarlenga's "The Lost Science of Money"
WilhelmDrake 1 year ago
Soooo.. Let's make government print money at no interest as much as they want and let's see what happens. They'll probably print of a couple of dozens of tril's for their corporate/union subsidized little buddies within 24 hours, then all limited resources will end up being owned and when inflation hits 1 year after, you'll have nothing to buy but alot of paper with the queen's face to wipe your ass with. Regardless, let's try.
StrafingMoose 1 year ago
the government isn't stupid to just print unlimited enough to cover the gross products, why would you let a private bankers rule a country, rather then let the people->republic->Government rule the country by controlling thier own economy and money supply. Learn history, this is nomore than KINGS and Queens ruling the country and the people having no voice, except there not called Kings, thier Bankers
forgottenunknowen 1 year ago
@forgottenunknowen
"the government isn't stupid to just print unlimited enough to cover the gross products"
Apparently, you haven't noticed that's what happened already. The currencies of all western countries working with the central bank model have all been debased, diluted and trashed by all governments because of overprinting/electronic issuing. Govt's don't let politically uncontrolled people manage the LEGAL tender, duh.
StrafingMoose 1 year ago
@StrafingMoose printing money as much as they want is no worse than borrowing money as much as they want, but when you print you don't have an interest at least
lehapankov 1 year ago
Actually, you want banks to raise interest rates on government loaning so they borrow less of it as a way to safeguard their parasitical system. It's called deflation and it's healthy for the average saver. I'd bet that most people advocating government rateless money printing do not save and live off like 5 loaded credit cards.
StrafingMoose 1 year ago
@StrafingMoose
This is why, that not only does the government need to control the printing of money, but also there needs to been an unconditional redeemability into a specified amount (eg. 1 gram) of gold, silver or even copper. The fact that metals cannot be printed, will ensure that money will remain honest.
The reason why private banks are the bad guys here, is that they actually print the money from nothing (by giving out loans), and have the gall to charge interest for it too!!
derfowvayer 1 year ago
@StrafingMoose
The solution is really to:
1. Raise the reserve requirement of banks (Currently it's 0% in Canada!!!)
2. Back the currency with metals, with unconditional redeemability.
derfowvayer 1 year ago
Only comment with any sense I've read in here yet. I agree with the metal thing. But the real problem here is the legal tender laws which forces people to accept a certain currency for debt resolving intead of having many competing ones. ie: you are conservative, go for a gold backed currency. You are cowboyish, go for a fiat one where the bank uses your deposits as a lever for greater earnings.
StrafingMoose 1 year ago
It'sclear you don't understand economics and what causes inflation. You should keep your comments to things you understand, or study a lot more history. Moron.
OnNativeLand 1 year ago
You haven't shown in any way that I do not understand economics. Try to use something other than insults; it'll make your intellect progress in some way at least. I mean, if you call people morons in real life debates, I pity your life.
StrafingMoose 1 year ago
Well, nothing has changed for the better since this video came out, because the external debt of Canada is now $834 billion.
freedomfighterone 2 years ago
strange- a country such as Canada is in debt for lending ITSELF money that it has the right to print for ITSELF? Yet somehow it is in debt (plus interest) to private banks that are getting their cash from the..government's..bank?
It takes real used shitrag set of people (politicians)& a banker(no lower derogatory descrip. available in any language)to pull this off- all they need is apathetic & ignorant populace that's more worried about hockey scores & if their credit will get them a 42" or 52"
only1too 2 years ago 23
Unfortunately, it is a possibility that cannot remain ignored.
alleyghost 2 years ago 2
it has been & will ever be...that's the unfortunate part. Making 'tube vids won't stop these cesspool spawned vermin & their wannabe vampire flunkies from laughing at us all the way to their banks with our blood sweat and tears in the form of "promissory notes"
must be some organization like Tax Watchdogs or Ombudsman that concerned people can get together & DO SOMETHING...frustrating, isn't it?
kill 'em all,let God sort 'em out
or just eat the rich..? probably get silly fat cow disease
only1too 2 years ago 2
@only1too here i'll explain this one quick and dirty, if the canadian print just prints of money (say like the american), the money that is now in exsitance become less and less valuable look up pre-world war 2 germany and what happened when they just printed tons of cash.
ChristopherTupper 2 years ago
ok listen, instead of printing money, which could work because the interest paid on that money would go back into the system. in other words the interest would go to pay for roads and the police and fireman. but instead we pump money in by borrowing, from bankers, so money is still being flooded into our system, but cuz of all the interest we pay on the debt we always have to keep borrowing money. Now argue with those facts, my friend. cuz u think paying 37 billion to bankers each year is GOOD?
evilevanevilevan 2 years ago
@evilevanevilevan okay, since i see this is going no where since you are not actually intelligently debate me on my points or what i actually said, i am just going to say GOOD Ridance, dummkoff
ChristopherTupper 2 years ago
Printing money can work if the interest goes back to the tax payers. you make it sound like Canada's economic system is as good as it can be?? you can't be serious?? how old are you?? are you still in high school?? are you arguing with this man who is well matured and well educated and who quit his job to study this topic. did you quit your paper route to study this. did you put your allowance into a bank and thats y your sticking up for the bankers. or are u the son of a banker. WAKE UP BUDDY!!
evilevanevilevan 2 years ago
@only1too exactly,all people give a fucking shit about is cheap beer and stupid fucking sport scores.
governslayer 1 year ago
@only1too The world is owned by insecure greedy, psychopathic fat cats the people need to take it back from these mentally ill people.
Sumdude54 1 year ago
@Sumdude54 I'm rich, you're poor. You sit around and whine and get fat while I work hard with a good attitude. "The people need to take it back"???? You have your hands out, how and what are you going to take back? pfffft, get a job
DoinThupidThings 1 year ago
@DoinThupidThings
e-e-e-zy McJob boy.We all can't get jobs(or would want to)at Daddy's scumbag mutual fund brokerage firm getting everyone lattes...
start your own business(go ahead it's so-o-o simple) & just maybe you'll wake up to the reality of government.probably not.
Least you'll know what rookie drank which energy drink & jag & scored in what year 'cuz that's real important.Literal retard -except purposely stunts their mental growth.
DOOMED with these kind of turds coming down the pipe..
only1too 1 year ago
@only1too Nice generic reply---so original. What are you, 50? 60? I seriously can't be bothered trying to explain it all to you, so go watch your tube television (you sit there waiting for the 10 o'clock news all evening so you can hum and haw and give your opinion on every story to absolutely no one, because abslolutely no one can stand your boring ass) and turn in early. Night, Greg. Don't forget your rum and water
DoinThupidThings 1 year ago
@only1too you're dumb enough to believe a senile old man? We're the best country in the world, old miserable crumbs like this gentleman have nothing left to blame their nothingness on but their country. I mean, the USA owes us billions..and they are considered a rich country. If you don't like this place you should pack this old senile sack of bones in a packsack and head south...as far as you can get your desperate lousy, ungratefull attitude away from me. Bye!
DoinThupidThings 1 year ago
@DoinThupidThings
your name says it all...
you're a typical dumb-ass latest generation canadian useless punk-ass that worries more about hockey scores and what tint and how much gel to use on it's head than things that matter.
Perfect tele-vidiot media automaton that has no respect for his elders, their experience or what they have built -that you enjoy with a sense of entitlement like you built it yourself. Pull your pants up goofball, your face is hanging out...
only1too 1 year ago 2
@DoinThupidThings my, my, a little touchy? WTF you ragging on about? YOUR CLUELESS POSTS indicate you no next to nothing about your country, its government (de facto), and how money is created and how it should be done. So, after you read d o l l a r p a g e s DOT org you will be totally apologizing to everyone, unless you are AGAINST Canadians, which makes you 'one of them' and thus a SHILL!
vhsjvc 1 year ago
@vhsjvc i think it's you that sounds a little touch there grandma. I've forgotten more about how money and how it is created and our government than you ever knew so that's an issue we'll both agree on right away. The gentleman in this video doesn't have the slightest clue. He's got jade dimwits like you on his bandwagon, just like Jim Jones got hundreds to poison themselves in Guyana. You're a negative, defeated cow and looking for excuses in anyone who can create one. I feel sorry fo ryou....
DoinThupidThings 1 year ago
@DoinThupidThings so wise SHILL, what EXACTLY is your issue with what the fine teacher has said? Everything he said is right on the money.
vhsjvc 1 year ago
@vhsjvc my issue? : yes, we all know our bank managers are out for their own best interests, not ours. They omit things they could tell that cost us money, and the banks make more money through these omissions. But this teacher is an alarmist and just looking for attention. What should we do, gut the banking system and try to find a better way? Banks aren't forcing any of us to hand over our money. You got to be smart these days and keep vigil. The man in this video is a whiner and unoriginal.
DoinThupidThings 1 year ago
@DoinThupidThings hi fats...trying to converse about money when you live in a dumpster w/ windows & are in the lowest tax bracket...EVERYONE look at this misfit's video on his page...actually, don't bother...i will sum it up: a really ugly guy, with barefeet, dirt is all over his barefeet, his fat calves thunder the earth as he bounces a ball by himself and literally prances around his cheap property...plus, he admits to being tortured by swedish men...LOL had to own you one last time, grub
MurphGiovanni 1 year ago
@MurphGiovanni HAHAHA which college are you telling everyone you go to today, Harvard? LOLOL according to your comments you've been to every ivory league college in the USA LOLOLOL closer to the truth is that you never got past grade 4 LOOOOOOOLZEEEE-LOOOOO hahahah when you had hair I bet it was curly and greasy eh WOOOOOOPPPPPPAAA lllllllloooooolllzeeeeeloooo :)
DoinThupidThings 1 year ago
@only1too
Haha, epic irony.
The United States is under the exact same system, as well as practically every single modern country on earth. It's called central banking, and it means internationalists own you and everything you've ever touched. Your ignorance, and the ignorance of those just like you, is why we live under such a system. Good work, pat yourself on the back.
denbots87 1 year ago
@denbots87
it's called sarcasm, dimwit.
pat yourself on the head & go catch the rest of the game....
only1too 1 year ago
This has been flagged as spam show
@only1too
@only1too
Haha, epic irony.
The United States is under the exact same system, as well as practically every single modern country on earth. It's called central banking, and it means internationalists own you and everything you've ever touched. Your ignorance, and the ignorance of those just like you, is why we live under such a system. Good work, pat yourself on the back.
denbots87 1 year ago
Comment removed
vhsjvc 1 year ago
@only1too Canadians are oblivious, no one listens when I speak of these things, I'm called an idealist while they rush home to watch desperate housewives.
worldgoingtozero 11 months ago
@worldgoingtozero
I was called a lunatic in the 80s when I spoke of the NWO...until papa bush said it to the UN in 92.
then they wouldnt talk to me because they were frightened!!
the number of zombies far out number the awake. I dont think there is any hope. the G20 fascist ¨police¨ force showed us where things are going. false flag car burnings to justify gestapo tactics. and things havent gotten that bad yet.look for the ¨alien¨ saviors coming to a planet near you.
only1too 11 months ago
@worldgoingtozero Point to the sky & show them something they can SEE. They will take some interest when thay can actually See something that is WRONG & Poisoning them.Then show them the NAFTA super hiway that's gonna run cheap goods from the Laredo Tx. Border thru the U.S. into Canada's Front door.
It's always been a good starting point
PQXLR 11 months ago
@only1too It's called the Rothschild Zionist global central banking system, and only FOUR countries on Earth are not a victim of it, North Korea, Iran, Cuba, and Sudan. Afghanistan, Iraq, and Libya are the three latest victim. Every other country on earth is in debt to the fraudulent banking industry so to say "all they need is apathetic and ignorant populace..." really demonstrates your ignorance. Your probably American, and your country is being DESTROYED by the same people.
denbots87 9 months ago
@denbots87 Well said!
thatstheguy07 8 months ago
Watch my channel and you will what is the real crime. But, it is not late. We can do something!
xxPowerOnxx 2 years ago
What happened to our Canadian Militia? These banking & political tyrants must be held responsible for the state that our country is in. I for one intend on exposing the truth to as many people as possible about the illegal & immoral intent of the central banks & political circus we have in North America. Invest in tangible items & commodities to protect the value of your dollar. Money is useless in a crumbling economy, the banks can defunct the currency & all your are holding is paper!
D33Lux 2 years ago
Learn more about our orthodox economic system of usury-based, debt money at the UsuryFree Eye Opener. Do a search for "The UsuryFree Eye Opener" and you will find lots of relevant articles. AND readers are invited to help celebrate the Fifth Annual UsuryFree Week from November 13th to 19th, 2009. Details are posted at The UsuryFree Eye Opener.
usuryfree 2 years ago
This guy is a farking hero.
lonecrow66 2 years ago 2
this is absolutely ridiculous. it will affect the economy of the particular country.
padangu 2 years ago
lol sniper... you are one bright cookie...... how did he turn on the computer?
pjlu2 2 years ago
'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'
Thomas Jefferson, 1802.
silversobe 2 years ago 2
To all you naive jackasses and satanic-corporate lackies, maybe a few comments of those in the know, can enlighten you-do some f**king research instead of sitting on your hands! Stop making it hard for others, like myself, to stop and pick-up your lazy-ass-minds from the stupor:
"You are a den of vipers and thieves (bankers) I intend to rout you out, and by the grace of the Eternal God, will rout you out." Andrew Jackson
phnx4life 2 years ago 2
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." -James Madison
phnx4life 2 years ago 5
"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thoma S. Jefferson
phnx4life 2 years ago 27
@phnx4life
"I believe banking institutions are more dangerous to our liberties than 15 ton rabid chickens with razor sharp metal talons and laser beam eyes." Sponge Bob
prayfortruejustice 1 year ago
This comment has received too many negative votes show
Think about it next time. If there were no banks think of the thousands of people who would have no jobs, think about the thousands of charities that would lose money, think about the Billions in lost revenue for the gov't to fund your social programs (education, health care, social assistance). The millions of Canadians without access to credit for mortgage, cars, and investments. The economy would halt! Its easy for you to blame banks for your so called "tyranny" Look at the bigger picture.
oshiawase 2 years ago
At best it can be said the banks make everything less efficient and far less stable. At worst they are crooks enslaving the working class. The truth is somewhere in the middle.
AgentGhost 2 years ago
This comment has received too many negative votes show
Re: To all you closet socialists
You are all forgetting the good things that banks have done...
1) Millions donated to national and local charities (United Way, Children's Hospital, CIBC Run for the Cure).
2) Social and economic causes (RBC Blue Water Project, TD Global Sustainability Fund)
3) Billions paid in Corporate Income Taxes. RBC and TD alone paid over $ 4.2 Billion in 2008.
4) Canadian Mutual funds, work pensions and gov't pensions all hold Canadian Banks as investments!
oshiawase 2 years ago
To all you satanic-corporate-lackies
Indeed...all the banks HOLD YOU. Your forgetting why we in this mess in the first place. The banks and bankers have made themselves out to be the fulcrum or central point of society.They're ingrained into the law and the 'less than rich' man or woman has no recourse.The bank concept is a good one in theory only. In practice it is to the bankers' advantage to see people get in over their heads so they can be foreclosed upon. Naive that you are..fools.
phnx4life 2 years ago 2
Banks and people in the finance industry live in a world of oblivion to life itself. To them everything is based on money. They have the power and sometimes the law and so they don't care who gets hurt. They take what they feel is right with complete disregard. And now the government is taking our money and giving it to them when they're the ones with the overdrafts. Charging left and right for services on OUR money. Like any business they donate for tax purposes and public image..
phnx4life 2 years ago 2
This comment has received too many negative votes show
Banks are criminal? Look at your house, car, your education everything you have! Your wealth was built on borrowed money, that wouldn't be possible without banks and access to credit. What about the thousands of jobs that are created or the thousands of dollars donated to charities because of banks and making credit available.
Canadian banks have been deemed one of the most stable in the world.
oshiawase 2 years ago
Re: oshiawase
Your statement reveals how PROFOUNDLY ignorant you are.
"Your wealth was built on borrowed money," ...
Who exactly are you addressing ?
Do you not see the inherent contradiction in such a statement ?
You are the most pitiful type of slave there is.
A slave who doesn't even know he or she is a slave.
Congratulations !
johnnycaboosehead 2 years ago 2
Banks and corporations owe everything they have to..US. We have what we have because of ..US. Banks are in the business for themselves and we have mistakenly included them in the process. Corporations wouldn't be selling products if it wasn't for..US. The day is fast approaching when..I hope...Canadians will wake-up to the undenialable truth. WE are gettng robbed, left, right and center by these criminals/wolves and it is time for US, to take a stand. If not US, who will? Nobody in parliament!
phnx4life 2 years ago
This comment has received too many negative votes show
Really. you're a fucking idiot. Canada is almost at parity with the US and it's going great! Are banks are YES! One of the healthier and most trusted. Ex: Scotiabank. US is owned by china so who the fuck cares.
SniperViper1000 2 years ago
Wow! An unabashed apologist for the criminal enterprises known as banks!
You have not proven that any of the things you have cited would not be possible without the banking system in its current guise.
Sheeple! Bah!
huckteeper 2 years ago
Dude, the banks loan people money that doesn't exist. Most of the cash in the world doesn't actually exist in bank notes and coins. Vast majority of the world's cash only exists as numbers on a number screen not as bank notes or coins. Thus, the world economy is built on debt that is backed up by very little real cash.
supremerat 2 years ago
Ya well its time we the people screwed the banks. This is how we do it. Everyone take your money out of the banks. This will bring them to their knees. We dont just give them money. We give them FREE money. Just by opening a bank account. Wouldnt it be nice if everyone gave you FREE money. Get a safe and a gun and put it your own bank. Banks are not your friend. They are blood sucking vampires. Take your money out tomorrow. We the people have the power.
THRUTHTHIRSTY 2 years ago 3
Nice idea, but banks make their money from the compound interest on debts incurred by borrowers. These debts and the money they create are fictitious - the 'money' is created by the bank at the time the loan agreement is signed and which disappears as soon as the loan is repaid. Stop borrowing from banks and that'll cut off the vampire's lifeline.
huckteeper 2 years ago 3
As soon as citizens do this they create a depression as they are physically reducing the money supply. However, if citizens become self sufficient and more dependent on one another they can create a bartering system and perhaps another medium of trade that subverts that of the Government's Socialized Control and therefor a truly Free Market System for the people and by the people.
uhaegde2wiceover 2 years ago 2
Rather, what I should say is if this catches on and citizens do this without creating their own device for trade and sustenance then this causes a depression / severe recession.
uhaegde2wiceover 2 years ago
I agree self -sufficient and self-governing...and to top it off, all free-energy inventions and devices released to the public that has been held back for well over 50 years. It may be inconvenient and bumpy at first, but well worth it in the end to transition from this slave-like subservient living condition. Irregardless, if you don't like the idea..we are heading in that direction...but if NESARA kicks in...then it may be slightly different. Let God reign on earth!
phnx4life 2 years ago
They also make their money by opening bank accounts for people who want to put money in it...service charge for withdrawing it(debit card) Do you think they just let the money sit there? In turn they use it to invest. I'd say the same, get your own safe, invest it or store it. F**k them.
phnx4life 2 years ago
This is why Harper with his projected $50 billion debt this year (which will get added to long term debt) will just help Harper's "hidden agenda" of gutting Canada's social programs. The problem is not Canada overspending (as over 90% of Canada's debt is interest), the problem is the evils of fractional reserve lending and the ability of banks to electronically print money. The solution therefore lies in banking reform.
derfowvayer 2 years ago 3
The problem was that the federal government already had $20 billion spent by the time the year end rolled around. So they got $20 billion in loans for money they spent on the CITIZENS of Canada. If this fellow wants this not to happen in the future, he should encourage the Government to raise Taxes, and Cut Spending. This way, the government won't have to collect more in loans and pay more in interest.
kidcanada13 2 years ago
What was happening was, if the government ran a $20 billion deficit in a given year, meaning they overspent the revenue coming into the government over expenditures by $20 billion, they would have to find $20 billion somewhere to pay for this. So essentially, the government needed to find $20 billion from somewhere. So it sold $20 billion in bonds on the open market to pay for it. The interest you see in the chart (the $34 billion a year) relates to the interest charges of those bonds in a year
kidcanada13 2 years ago
This guy is 100% confused about the Bank of Canada.The $450 billion odd he talks about was the financing of the deficit up until 1996 when the Chretien government balanced the budget.
kidcanada13 2 years ago
That balanced budget the Chretien government did, starting in the 1990's was the DEFICIT (ie they brought more money than they paid out). Quite appropriately, they started paying down the debt as well. The $450 billion (more like over $500 billion now) is LONG TERM DEBT (much like a mortgage). That is different from a budget deficit (which is just an annual measure of how much the government paid out that year compared to what it brought in.
derfowvayer 2 years ago 2
@kidcanada13 No... the $450 billion IS the debt. The balanced budgets from the Chretien years simply means that no new debt was bought during that time, Or in other words... the government brought in more in revenue then it payed out in services. Therefore not having to sell Treasury Bonds on the open market to make up for a shortfall. think about it for sec. the interest alone is over $30 billion/year. LEts say we have a $20 billion surplus. $10 billion is still addded to the overall debt.
MrRf1975 8 months ago