@Naej27 Foreclosures will go on, as long as we continue with this unfair, illegitimate and mathematically unsound debt-money based system. No matter how careful we are with our budget, no matter how we choose houeses and cars according tto our budget, foreclosures will ALWAYS happen to somebody, somewhere.
The reason is simple. There is always more debt than there is money to pay for it. You can't repay a debt of 110$ with only. 100$. It's mathematically impossible.
These video ( /watch?v=zB7GbM1OgzA and /watch?v=9yYEFuN2v08 ) are important because they show that politicians like Gerald Grattan McGeer have ALREADY fixed the problem in the 1930s and the reason we were bamboozled in the 70s is because the population had not been thought and did not know about that racket or the solution
So Teaching about the credit fraud and the Bank of Canada and the return of the credit fraud in the 70s should be MANDATORY in every school in Canada!
Kingston COMER's goal is to make Canadians aware of the huge waste of financial resources spent on unnecessary interest on public debt - over $60-billion every year - when they could borrow interest free from the Bank of Canada.
Journalists don't write about it and politicians don't talk about it, yet it is one of the main reasons why we don't have enough money to pay for the things we think of as necessary for our society.
Kingston COMER will ask Stephen Harper, Stephane Dion, Jack Layton, Gilles Duceppe, Elizabeth May and Connie Fogal, questions related to this issue. Their answers or non-answers will be broadcast on the internet. We will show Canadians how monetary policy affects student debt, infrastructure deficit, medicare, education etc. and how it should be changed. Clear unambiguous answers will show who should be elected to make the needed changes. Not voting is not an option!
"Kingston COMER will ask Stephen Harper, Stephane Dion, Jack Layton, Gilles Duceppe, Elizabeth May and Connie Fogal, questions related to this issue. "
When? I want to see this!
BTW everyone should see:
/watch?v=zB7GbM1OgzA
AND
/watch?v=9yYEFuN2v08
It relates to the same topic, but helped me understand issue much better, it might also help other people
Here's and idea. The people, via their government, buy out all the banks. Then, a TRUE Bank of Canada is created. And then, a one for one loan system is created. One dollar on deposit, only one dollar loaned out. Interest rate to cover only the expenses of running the bank. And, eliminate the cathedrals that have been built by the banks to house their head offices.
Nationalize the banks? Eliminate fractional reserve banking? Some monetary reformers are proposing that this be done. These are mighty big and contentious steps. Not all agree with these proposals. A more modest but still difficult goal to reach is simply to get our government to borrow from its central bank at zero interest instead of borrowing commercially and paying commercial rates of interest. To control inflation, a system of statutory reserve deposits would be needed.
The Bank of Canada creates money/credit in the same way that commercial banks do, which is to grant credit backed by the assets of the borrower. In the case of the government of Canada, the assets consist of the net wealth of Canada. The credit is the basis for the money created.
Money is credit in a form which can be used to buy goods or services or settle debts. When a bank grants a loan, the borrower creates money by writing a cheque on the account where the loan was deposited.
Thank you Canadian Action Party for posting the link to this video, I'd vote for you if you had a candidate in my riding, you are the only decent party running IMO.
@Naej27 Good luck buying a house with your monthly wage.
Simboiss 1 year ago
@Naej27 Foreclosures will go on, as long as we continue with this unfair, illegitimate and mathematically unsound debt-money based system. No matter how careful we are with our budget, no matter how we choose houeses and cars according tto our budget, foreclosures will ALWAYS happen to somebody, somewhere.
The reason is simple. There is always more debt than there is money to pay for it. You can't repay a debt of 110$ with only. 100$. It's mathematically impossible.
Simboiss 1 year ago
gov't is not healthy unless gov't can change its system
dan020350 4 years ago
These video ( /watch?v=zB7GbM1OgzA and /watch?v=9yYEFuN2v08 ) are important because they show that politicians like Gerald Grattan McGeer have ALREADY fixed the problem in the 1930s and the reason we were bamboozled in the 70s is because the population had not been thought and did not know about that racket or the solution
So Teaching about the credit fraud and the Bank of Canada and the return of the credit fraud in the 70s should be MANDATORY in every school in Canada!
Rickdeckard2020 4 years ago
That's good practice for the less costly things, but what do you do if you want to buy a car - or a house?
1richard1928 4 years ago
Kingston COMER's goal is to make Canadians aware of the huge waste of financial resources spent on unnecessary interest on public debt - over $60-billion every year - when they could borrow interest free from the Bank of Canada.
Journalists don't write about it and politicians don't talk about it, yet it is one of the main reasons why we don't have enough money to pay for the things we think of as necessary for our society.
1richard1928 4 years ago
Connie Fogal of the Canadian Action Party talks about it. She's just about the only politician who talks about this kind of issues.
nibelungensohn 4 years ago
Yes, Connie, as leader of CAP, has provided firm leadership on this issue as did Paul Hellyer before her.
1richard1928 4 years ago
Kingston COMER will ask Stephen Harper, Stephane Dion, Jack Layton, Gilles Duceppe, Elizabeth May and Connie Fogal, questions related to this issue. Their answers or non-answers will be broadcast on the internet. We will show Canadians how monetary policy affects student debt, infrastructure deficit, medicare, education etc. and how it should be changed. Clear unambiguous answers will show who should be elected to make the needed changes. Not voting is not an option!
1richard1928 4 years ago
"Kingston COMER will ask Stephen Harper, Stephane Dion, Jack Layton, Gilles Duceppe, Elizabeth May and Connie Fogal, questions related to this issue. "
When? I want to see this!
BTW everyone should see:
/watch?v=zB7GbM1OgzA
AND
/watch?v=9yYEFuN2v08
It relates to the same topic, but helped me understand issue much better, it might also help other people
Rickdeckard2020 4 years ago
Here's and idea. The people, via their government, buy out all the banks. Then, a TRUE Bank of Canada is created. And then, a one for one loan system is created. One dollar on deposit, only one dollar loaned out. Interest rate to cover only the expenses of running the bank. And, eliminate the cathedrals that have been built by the banks to house their head offices.
hopeso 4 years ago 2
Nationalize the banks? Eliminate fractional reserve banking? Some monetary reformers are proposing that this be done. These are mighty big and contentious steps. Not all agree with these proposals. A more modest but still difficult goal to reach is simply to get our government to borrow from its central bank at zero interest instead of borrowing commercially and paying commercial rates of interest. To control inflation, a system of statutory reserve deposits would be needed.
1richard1928 4 years ago
But where would the "Bank of Canada" get the "money"? From depositors? Who would they be?
Define money. Where does it come from? Who decides how much there is?
I'm not against these ideas, god knows, we need fresh ideas. Just need clarification.
hopeso 4 years ago
The Bank of Canada creates money/credit in the same way that commercial banks do, which is to grant credit backed by the assets of the borrower. In the case of the government of Canada, the assets consist of the net wealth of Canada. The credit is the basis for the money created.
Money is credit in a form which can be used to buy goods or services or settle debts. When a bank grants a loan, the borrower creates money by writing a cheque on the account where the loan was deposited.
1richard1928 4 years ago
check out my clips on youtube "Where does money come from?"
nibelungensohn 4 years ago
Paul Grignon's excellent animated film, "Money as Debt", also tells the story very well.
1richard1928 4 years ago
Thank you Canadian Action Party for posting the link to this video, I'd vote for you if you had a candidate in my riding, you are the only decent party running IMO.
kmeixner 4 years ago 3