Great video - It's the best I've seen for explaining everything in a nutshell - As for comments, people respond better to a more "colourful" voice and showing your face a few times when you talk will make people connect with and believe the information more. Other than that, good job. Perhaps making a video on NAFTA would be good as well - we keep losing more and more Canadian companies to the U.S. !
wow in a nut shell...to pay that much in interest on a loan that was smaller...by that degree. now i understand comments about major banking having a strangle hold on the world economy...the r name. the worry about africa having its own bank, getting rid of an african leader
Ron Paul has been declaring since 1971 that using gold and silver (as the U.S. Constitution states in Article I, Section 10) is the only sound currency. We are now seeing this more than ever as our Federal Reserve System currency continues to lose its value compared to the gold and silver it once contained. Currently it has lost 95% of its value.
Under the law they can monitor anyone, he says. Well they for sure monitor and harass me and have done so for more than 5 yrs. I have evidence of crimes that they know I have been investigating and they ignore it and have actively taken an enemy stance. They are more than just 'monitoring', they are actively complicit in treason and war crimes. So not only are there those that are under the influence. There are active agents here and full in control of the police.
Part 2: ...However, take this great power away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit." -Sir Josiah Stamp, Director, Bank of England, 1920s [reputed to be the 2nd wealthiest man in England at the time]
Part 1: "The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of the pen they will create enough deposits to buy it all back again... -Sir Josiah Stamp, Director, Bank of England, 1920s
"What we've had for the last 10 to 15 years is unlimited attitude, we can make money, we can do anything we like, we just have tons of time to do what we want without regarding regulation or regarding the basics of how you run your business." -Evelyn De Rothschild, Banker, CNBC interview
"Once a nation parts with the control of its currency and credit, it matters not who makes that nation's laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile." -William Lyon Mackenzie King, 10th Prime Minister of Canada, Illuminati insider
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning... The one aim of these financiers is world control by the creation of inextinguishable debts." -Henry Ford
Pretending for a moment that politicians have the best interest for Canadians at heart, what is the rationale behind using private bank loans? Is it greater economic growth using private banks vs Bank of Canada? Was it a case of go with us or suffer the consequences? Or was it just a case of I'll scratch your back if you scratch mine?
@Richman6625 Canada has been fully sovereign since the British Parliament passed the "Canada Act" in 1982 (the same act that gave us the Charter of Rights and Freedoms). The "Canada Act" gave Canada the power to do whatever our government chooses to do without the need to ever ask Britain or the Queen for permission on anything.
affect their monetary value, money should be strictly linked to labour (physical and intellectual) In theory the money supply should grow in proportion to the growth of labour productivity every year, not in relation to the discovery of gold mines here and there (what an absurd concept). Just because the fractional reserve system is crap in its current form doesn't mean that the gold standard is any good, it certainly is outrageously unjust.
Because no human has any credit for the existance of these minerals and metals and fossil fuels, those are the result of thousands even millions of years of geological activity. When we start to assign value to commodities based on their features or their supply and demand we begin to inflict injustice on all those who were not lucky enough or violent enough to seize control of land that contains these materials. Yes some minerals have better features and are in higher demand but that should not
However suggesting that a money system based on commodities like gold and silver is better because money is "real" is in fact hugely misguided. Gold has zero value in and of itslef, the only real measure of value is labour. You can have huge deposits of minerals but if you don't get them out they're worthless, and at the same time it's completely unfair that any one individual should benefit from the fact that the mineral they found happens to be in demand, or happens to have better features.
That said, we should seriously consider giving the national public bank the monopoly on lending money. Private banks can still exist to provide services, retail banking and whatnot, and manage investments. This way the Bank of Canada can have a monopoly on the 'fractional reserve system' and charge different interest rates for different activities based on social and economic factors. Any profits that the Bank makes would go towards the federal budget.
Let me just say something, the banks do not lend you from their reserves that's right. Money is not backed by commodities, that's true. But the money they create is not from thin air. It's blasphemous to say that banks create money out of thin air, they create it out of the borrowers promise to pay it back, which you mention in the video. That is why charging interest is outrageous, because the collateral is future labour, the interest collector should be in fact the borrower herself.
In 1938 The bank of canada become a publicly owned by canadians but yet even with this we borrow instead of printing ,,, OK ,,, In this borrowing has there ever been given the right to borrow , did the feds get the right to borrow or ? did they assume they had this right ? I can't use future incomes of my children as collateral to borrow nor can I use anyones assets to borrow with there cosigning so ? did they get the right legally in legislature to borrow ?
Can I just add that "borrowing" from the BoC while better, is also no good. Inflation is a tax, and the more they "borrow" (with no incentive whatsoever to repay), the higher it will be. A real solution lies elsewhere.
What is the exact mechanism by which private banks profit by lending money to the government? I thought the government raised funds by selling bonds, treasury bills, etc., not through loans per se. Not that bonds are really any different than a loan, save for the fact that buying a bond should not increase the money supply and cause inflation, whereas printing money would. But I might be missing something.
@ElJulioso They profit by lending money that they dont actually have to begin with. They create the money out of nothing, type it into a data base, and then loan it out on interest and compounded interest. They profit by charging real money on key-stroke 'money'
@ElJulioso Basically, Canada's version of the United States Federal Reserve is nothing more than the Fractional Reserve Banking System itself. To truly know and understand the "Fractional Reserve Banking System" is to understand "the exact mechanism by which private banks profit by lending money to the government". So the short, concise, exact answer to your question is: Fractional Reserve Banking. (Just google that term, or wiki it and you'll have your answer more clearly)
The bank of international settlements controls the bank of Canada... Canadians do not own the BoC... banksters want us to believe that we do but the truth is, we don't. We're fuckin' hooped...
Has long as we print our own money or enter it into a hard drive, debt and debt crisis is nothing more than a bad joke. As for foreign debt, China will never collect as long as we keep buying their crap at Wal-Mart, if they collect we can`t buy their crap, WE BOTH WOULD LOSE. Foreign debt is another bad joke because NEVER IN HISTORY HAS A COUNTRY PAID IT`s DEBT. IMF AND WBO KNOW THIS that is why they pick on the THIRD WORLD who lose nothing look at MEXICO.
this guy doesn't make sense, I can't stand when people bring up Banking Conspiracy theories. Of the Bank of Canada increased money supply it just create more inflation.
This was very informative. I would suggest that the pace of the video be slowed down a wee bit .... you're presenting a LOT of info quite quickly .... it's a little difficult to follow due to the fast pace. Nonetheless, thank-you for the education!
Long-term Elimination and Prevention Technique for Inflation and Unemployment
In an ideal situation, where and when Real Gross Domestic Necessity Goods (RGDNG) such as Food and Agriculture is the unit of account, demand and supply of neces...sity goods (food and agriculture) is directly proportional to Real Gross Domestic Product (GDP). Thus, Real Gross Domestic Necessity Goods (RGDNG) prevents inflation and unemployment.
An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
@kikibortok KIKI = no facts or links or google searches as reference = bullshit = Liar Liar pantalons en feu. There is a an agenda 21, to suggest Zeitgeist = 21 is a giant leap of ignorance. Post back with proof of your = theory.
Embrace socialism? Exactly what the why global elite set up central bank to sway the sheple to do. National sovergnty and ther currecies are a form of planned absolecence. When the global econmy crash, they want you to demand economic securty, with one world currency and governance. Whake up socialism is not the answer its the only solution they will feed you.
... The govt is a business today. They have brainwashed people of the years that we owe the govt when the govt is actually public servants. They take our money and do what ever they want with it whether we like it or not and when the run up the tab too high they tell everyone that we are in a recession now and will have to make cuts to social services, healthcare, labour laws and we never get them back no matter how the economy is doing.
Amazing how few people understand or even seem to be concerned with this issue. Thus I applaud criticalmindseed. Chotaboy66, I am not sure why you need to make this issue seem so complicated, it really isn't. I don't mean to give you a hard time, but your way of repeating THINK, and GOT IT is really condescending, especially when your spelling and grammar are poor, and your writing is opaque and disorganized. It is quite off-putting. Please express yourself clearly or don't bother.
@mfitze Thats not nice! Do you ever care about hurting someone's feeling? Could you simply not appreciate the good in the video. the excellent effort, the good and moral intention?
all the nit picking and analysing - whatever way you cut it we are be stolen from! Income tax was a ww1 temporary measure. Companies paid a large tax to the govt only after being granted a patent upon proof that the company would produce something beneficial to the citizens. It was renewed every 5 years. They're the ones making the big profits today and barely pay any tax and a lot of people cannot put food on the table after slaving all week because of income tax and utilities and rent...
2:25 Is your labor blood sweat & tears nothing? THINK
Do banks create money OR change money? THINK
Is money really created as debt or is it our creation & its our obligation to PAY DOWN & retire the creation over a period of to defeat circulatory inflation. Do banks offer any lawful consideration of they're own or is the purported borrowers or the obligors promissory note a financial Instrument,liability (principal) thats Deposited in the Bank backed by the property value in question. THINK
I'm sorry to do this to you but its Thumbs down for me because this is blatant misinformation . Which actually divides us on solution , A half a truth is not the full truth just ask the cointelpro guys that are leading you all down the garden path .
Any bailout is national debt which represents a sum of money that has already been laundered out of circulation over the years via ALL your purported personal loans OK ,this causes mass circulatory deflation that deflates circulation at a greater rate than any national debt injection hence a government borrows TERMINALLY evident by the national debt only in a piss poor attempt to keep the circulation vital only to have it all laundered out again by your so called debts to the local banks GOT IT.
There is no debt to begin with, banks are laundering the circulation via our promissory obligations.banks DON'T RETIRE YOUR SO CALLED DEBT PAYMENTS they keep them stealing the obligation YOUR LABOR of principal on conception prior to the exchange then laundering all payments from circulation again after the exchange by charged interest thats never created or issued.We suffer mass Circulatory deflation & also a manifestation of price inflation which is primarily caused by interest GOT IT.
Money dose not come into existence as debt zombies.Its created by WE THE PEOPLE by a obligors promissory note BEFORE the fraudulent exchange,ANY loan from a bank is FRAUD,the obligor OR borrower creates the sum of principal only & its a obligors obligation to pay down & retire the creation out of circulation over time to defeat circulatory inflation,ALL Banks intervene on our commerce falsely claiming its the creditor laundering circulation causing the opposite,MASS circulatory deflation GOT IT.
its either that, or the canadian government assumes control of the Bank of Canada. Either solution I am in favour of. But I do not trust a private business, whose only real interest is to gain profit, with the creation privelages of our money.
"Give me control of a nations money supply, and I care not for who makes its laws." - Amschel Rothchilds
I support your cause in every way, just 1 problem. You are in favour of giving the responsibility of creating money back to the bank of canada, which is a private bank. Privatised businesses need profit in order to continue themselves, so unless they gain interest there is no reason for them to loan money.
Its against the canadian constituion for any1 other than the government to create our money. The responsibility should be returned to the government, not a privatised bank.
bank of Canada issues new money, but the goverment can borrow from other private banks not just bank of Canada. this is the problem he is talking about. Fractional reserve banking is the problem. Debt is created out of thin air, it's not real. The goverment owns the corporation that is the bank of canada but doesn't use it like it should. bank of canada earnings go to the government treasury at least.
Quote from the BANK OF CANADA - "As long as inflation, is low, stable, and Predictable, we can stay confident in the future value of our money" ----REF: BANK OF CANADA. IS THIS THE CASE NOW? Is inflation 'LOW, STABLE, AND PREDICTABLE"? ------ Diversify invest in Precious metals for insurance, not with the expectation the system will crash, but having the ability to stand outside the matrix of Debt. (:
Can you please compare how our bank of Canada compares (or is different) to the US federal Reserve? Looks to me to be the same, mainly because both banking systems creates debt that cannot be repaid. Then what???
So the Bank of Canada is a publically owned bank. I never knew that. I always figured it was a Rothschild branch, what with our country's origins being a glorified British colony.
Read the comments before i watched the video, was a tad confused about the electric money & it not being printed. After watching the video it makes more sense, very nice.
The Canadian Action Party has been pushing for the use of the Bank of Canada to finance government expenditure since 1997. Last year we could have paid the tuition of every university student in Canada. 770,000 students at $10,000.00 = 7.7 billion dollars. We would still have over 34 billion left. This is incredible! Great video thank you. I encourage you all to visit the website of the Canadian Action Party if you are interested in ending the banksters reign.
Critical...which private banks are printing our money? Do you have documentation to substantiate this claim. The Bank of Canada, on its website claims, it prints our bank notes. It also states it generates 1.7 billion in net profit that is given to the Federal Government, as a result of printing that money.
@criticalmindseed Hey! Ya I did some research and the private banks such as TD and Royal Bank (not exactly sure wthich ones) produce 95% of our money supply. The Bank of Canada only prints 5% of the money supply. This is friggin insane! I knew this was the case in the US with the Federal Reserve but I am stunned to know Canada has completely sold out to the Banksters. It's time to rally the peaceful assembly and take back our country.
And even so, the overnight market system that we have in Canada doesn't allow banks to freely create money out of thin air so easily. If a bank offers a loan to a client, it has to go other banks or the Bank of Canada to cover the expenses. At the end of every night, all the major banks cannot have a surplus or deficient. "Money out of thin air" is not a term to describe the Canadian Financial System because we don't use ratios like the states.
@facing42 Look up a documentary called "Money as Debt 2" on youtube. It does a good job of explaining the basics of the banking system in a little over an hour. The bank of Canada creates bills and coins but private bank loans currently create most money. The Bank of Canada could create more money since it is a bank but for some reason doesn't. As the movie states taxpayers could save billions by using it, the way it was done prior to 1974. Something everyone should know but few do.
@facing42 Creating money or even borrowing the money is by definition, inflating the money supply. Increasing it's velocity through the system. This supposedly stimulates spending and puts people to work. In reality it lowers the value of our currency which eventually results in higher prices and less purchasing power.
@facing42 If you look on the BOC website they do mention they call it "liquidity swap arrangements" but its basically giving other central bank money. Actually some Auditor General of Canada reports have some of the info. The BOC also mentions on it website "The Bank's books are audited by external auditors appointed by Cabinet on the recommendation of the Minister of Finance, not by the Auditor General of Canada" Fox guarding the hen house indeed !
@facing42 the fiat currency (not money, money is silver & gold) is printed in Germany...(same company that prints Zimbabwe & Canadian Tire money I think)
@facing42 The Bank of Canada does not actually print our bank notes it produces... It contracts private companies, Canadian Bank Note Company and BA International Inc (owned by a German company), to print the notes.
Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939. Its proceedings cover 850 pages. (Standing Committee on Banking and Commerce, Minutes of Proceedings and Evidence Respecting the Bank of Canada, Ottawa, J.O. Patenaude, I.S.O., Printer to the King's Most Excellent Majesty, 1939.) Most of the evidence.....Google this..
@Richman6625 Conspiracy or backwards thinking? And before you accuse me of being a shill, I'm totally against the idea of the Queen being the head of state. Unlike you, I don't see a vast conspiracy behind it.
The Bank of Canada only issues 5% of our money, the rest is the other Big Banks. Think about it, that makes no sense. Our money should be Issued at 0 interest and the value based on actual resources and assets like Gold and real productive capacity like our work. The system as it is allows Banks to write themselves big checks on our debt and futures. It has to callapse one day as it isn't sustainable forever.
thank you.... it's good to know that we already have the way to fix things.... we just have to go back to printing money to the people from the Bank of Canada.... that's do-able
@bandrig And? She is still, sadly, the head of state. In fact, if we wanted an election, we would have to get the permission from the governor general to allow it, and the governor general represents the Queen.
Not a conspiracy, just backwards laws like our Telecom act.
@gamingeh The Governor General is Canada's official head of state and has been since 1982 when Canada gained it's full sovereignty (see my other comment directly below). The Governor General only symbolically represents the Queen now; the Queen (nor British Parliament) no longer has any legal power over Canada whatsoever.
why worry who cares who owes what to who, i'm getting houses for a name on a piece of paper with out even sweating, get to know your banker personally and they will tell you how to play the game, but you need a good banker, just like in the game monopoly ,play the game and don't sweat it
is it true our birth certificate number is a stock number in the stock exchange and also really enjoyed this presentation the ceo of td said it all if he cant understand it he gets out what chance does joe public have. i have grade 10 but i live debt free of banks and at 57 that feels great thanks so much
Excellent video... there is only one party in Canada who has a plan to fix this injustice... the Canadian Action Party has a very doable monetary reform platform.
the bank of Canada act states that, "WHEREAS it is desirable to establish a central
bank in Canada to regulate credit and currency
in the best interests of the economic life of the
nation" it goes on about control, so, I don't think that our problems are solved by getting the money directly from the BOC, because it is still regulating and controlling the value of our currency, and thus the markets.
The problem remains...private central bank, controlling fiat currency, defacto gov. corp.
@multidimensional1 That's why we need a real PUBLIC central bank. And current chartered banks need to become only branches of the central bank. Nothing private, all publicly owned.
are you sure that the BOC is publicly owned? Because I looked it up in wiki and it stated that when the BOC was created they had to rent a building, just as the federal reserve is as fedex, so too, is the BOC a private corp.?
@multidimensional1 The Bank of Canada is publicly owned. Go to the last section of this link and click on "3. Who owns the Bank of Canada?": bankofcanada.ca/about/faq/
ok, so I had assumed that the federal gov. was doing the same thing as in the states, whereas, they were borrowing from the BOC (british rothschild owned) at interest, and our income taxes were used to pay down the national debt (interest owing)
I remember watching Brian Mulroney say on TV that Canada was only 36 billion in debt, and when Chretien became PM he stated that we needed to tighten our belts because the natrional debt was actually 600 billion! that was what? 16 years ago!
@multidimensional1 Brian Mulroney was likely talking about the annual deficit of that particular year whereas Chretien was talking about the accumulated national debt which is the total of all deficits from all years and the associated interest.
Bank robbery is no longer a crime of the desperate, but the duty of the able bodied.
Corruption must be dealt with. All banks are evil. Do not discriminate in the banks you target. Do not harm people and donate the proceeds of your job.
Bank robbery is duty. Send these crooks a message that they're scheme is up. Not only will we strong arm their money we will soon be in contact with the ones sitting on top to strong arm them into apology and regret for their immoral crimes.
Banks don't create money brother, it is the signature (promise to pay) of the "borrower" that creates the money. The banks simply monetize that signature. This is evidenced by how they enter that loan on their books, its put in as a deposit. The interest they charge is their fee for the service of counterfieting the currency with the blessing of a corporate, profit driven, corrupt, de-facto government.
Mackenzie King also had a big hand in making this banking system possible, 1935-1948.
Easy bro, so much for your closing statement on the video.
If banks can create money, then why do they need your signature to do it? Nice analogy though. An internal combustion engine wouldn't even run much less pollute without gas, so it is the burning of gas that pollutes. Sorry bro, i don't mean to make fun or be sarcastic. If you need more info or research material, you're welcome to PM me, we'll have more space to talk.
@PoetsOnTheTake Don't know what you're trying to say here? Semantics: "The study of meaning", Webster Encyclopedic Dictionary. So i guess to answer your question; yes, i like to understand the words used. Do you understand the meanings of the words you use? or is that un-important? Thanks for the question though, maybe you should have looked up the the word 'semantic'. Be well.
Yes, King would deffinately know what he was saying and the fact that he was involved with the formation of that most viel of bodies known as the UN would support what i said.
Anyway, i think you took my comment the wrong way. I thought i'd help shed more light on what you were saying. I didn't say your message was wrong, just slightly lacking in detail. Nobody knows everything, we all need someone to fill in some gaps. Keep spreading truth, peace.
@vme02 BY CHARGING 20% IN THE NAME OF INTEREST??? AND HEY WHY BANK GIVE ONLY 0.2 TO 0.5% INTERST WHEN SOMEBODY PUTS $100,000 DOLLARS IN THEIR ACCOUNT OR EVEN A $1000 DOLLAR IN THEIR ACCOUNT?? WHY THEY DO NOT PUT SOME KIND OF DEPOSITE IN REAL MEANS THAT CAN BALANCE THE LOAN GIVEN BY THEM?? NOW 20% IS 1.66 EVERY MONTH SO IF ONE PERSON HAD TOOK $1 LOAN THAN HE WILL PAY 1.016 WHICH DO NOT SEEM BIG BUT HEY THAT COME SIGNIFICANT WHEN SOMEBODY TOOK 50000 THAN ITS 50"800" !!!! "$800" FOR JUST SERVICE??
Have you heard of Mary Croft? I've read her book, and here's the kicker: All that money, when you take out a loan, is create with YOUR signature! They need that signature before they can issue the money. There's something even more fishy going on here, and I'm slowly gathering all the information so that I can finally have this veil lifted to be able to help people for real! Thank you so much for this! Keep up the great work!
Have you heard of Mary Croft? I've read her book, and here's the kicker: All that money, when you take out a loan, is create with YOUR signature! They need that signature before they can issue the money. There's something even more fishy going on here, and I'm slowly gathering all the information so that I can finally have this veil lifted to be able to help people for real! Thank you so much for this! Keep up the great work!
I was not aware of this... so much attention is paid to the Fed in the US. It sounds like our system is almost the opposite of theirs, except that the Fed isn't owned by their government. It is really disgusting when you think about how the criminal banking elite still find some way to keep us all indentured to them. Very informative video. Thank you for posting it!
You have obviously done your homework. Why not take this as a starting point and expand it into a book on how the banks and central banks in various countries work together to scam an unsuspecting public. For months I have wondered how the bankers managed to run the Canadian Economy. Canadians are too naive and trusting of their government to come together and fix the problem. Having a zero reserve ratio is scary. A bank run = a bank holiday
@cayrick Actually the statement that banks require zero reserves is inaccurate (criticalmindseed didn't really do enough research). While it's true that banks are not required to post reserves with the Bank of Canada, the Office of the Superintendent for Financial Institutions (the regulator of our banks and financial institutions) requires that they follow Capital Adequacy Requirements and maintain a specific percentage of liquid capital assets to balance out their loan liabilities.
Thanks! Most if not all central banks are privately held. Canada is an anomaly in that it's central bank is owned by it's government. This shows how the bankers get around this constraint. Excellent video.
I didnt file taxes for a while then the CRA froze my bank account. $3,000.....allgone now I owe over $400 more. I wont mess with them again. And I wont be keeping money in the bank.
Sadly I feel you all are missing the root of the problem. The fact we creat money out of nothing is bad enought. but the fact that in todays world money should not even exist will bake your noodle even more. Our economy relies on two things to be sustained.. scarcity and growth. With the technology available today scarcity is no longer an issue and i think we all are starting to realize the consequences of constant growth. Our problems are not economic or political they are technological!
Sadly I feel you all are missing the root of the problem. The fact we creat money out of nothing is bad enought. but the fact that in todays world money should not even exist will bake your noodle even more. Our economy relies on two things to be sustained.. scarcity and growth. With the technology available today scarcity is no longer an issue and i think we all are starting to realize the consequences of constant growth. Our problems are not economic or political they are technological!
Even if Canada creates it's own money, that money will eventually wind up in private banks empowering them to further inflate the money supply and charge interest on it. The entire banking system needs to be nationalized: we have to take the powers of money creation away from the international banking cartels.
It seems to me that we borrow at interest from chartered banks in order to keep our country in line with the federal reserve system in the US. It angers me to think how much better off individuals would be without intentionally created government debt..
everyone needs to get involved IN politics, if you want the laws changed and the politicians to keep doing their worst, then you should do nothing , it is useless to protest in rallies or hold a sit in , get out there and get involved ,become a member of society , the government belongs to you , the crown is a "feudal Monarchy" since the magna carta (great charter) and the crown must protect you from itself and bad government, make it what you want with peace and compassion for your fellow man
@flogthedoggy do you really think that what the people have say to means ANYTHING to the people in control? The reason the government isnt doing anything about the the banking system.. is because the people who control the government DONT want them to do anything about it! We are no more than SLAVES to the agenda of the globalist elite!
What? Money is loaned by the BOC to private banks at an interest rate which is then collected by the Canadian government. Money is not "created" by private banks in Canada, it is LOANED through the BOC.
@blazinhomo Im sorry to hear you have wasted your life on something so irrelevant and useless. Financial jobs contribute ABSOLUTLY nothing to the betterment of society. Congratulations for being part of the PROBLEM!
@blazinhomo When you consider the fact that there are enough resources and technology available on the planet for EVERYONE ON EARTH to have a HIGHER standard of living than even the RICHEST people alive today... NO it does ABSOLUTLY NOTHING to better society as a whole! All the things you mentioned there are for the betterment of the INDIVIDUAL not SOCIETY! Do some research and dummy the f*ck up bud!
@blazinhomo WOW do you always make stupid comments without researching the facts first? Search youtube for "Our Technical Reality" and watch parts 1-6.. I would post the link to make it easier for you.. but youtube won't let me! so Im sorry but your actually going to have to put a LITTLE bit of effort into this one... Thanks for coming out.. please play again!
@blazinhomo thats just a start dumbass... I figured due to your lack of research on the subject yourself.. that a youtube video might be a good introduction for you. If you would take a second to pull your head out of your ass and take a look at the facts.. rather than write it off due to the brainwashing you have so willing recieved your entire life.. you might actually see that these things are in fact a REALITY! research the tech displayed in that video.. and you will see for yourself!
@blazinhomo and I do in fact have an education that probably far surpasses your own! At least the education I have is FACTUAL.. f*ckin economists always have a problem grasping the fact that they DONT NEED TO EXIST... get some REAL education.. not the bullsh*t that is crammed into our propaganda based education system.. then talk to me! Something tells me you wont though... enjoy your chip asshole!
Great Video. The real questions are: why do we submit to this and other trespasses with such docility? and... what will the owners of the world want to take next?
What the hell do we do about this? I'm a newb to it all and it infuriates me. Not only that but our income tax is not only unconstitutional but unnecessary as well, considering we pay about 50% of the revenues generated towards this interest.
@criticalmindseed in short... Rockefeller and rothschilds.... the money from our interest payments goes directly into the pockets of them and their banking kartels.
@criticalmindseed Thank you for the video my friend! Do you have any suggestions of resources books or otherwise, that I could read or watch to get an even greater understanding of the Canadian system? I am very familiar with the US and the Federal Reserve, but not so much our Canadian system. I called my MP and he told me that our system was not inflationary and that banks don't just create money out of nothing. I don't believe him though..
@criticalmindseed Critical...which private banks are printing our money? Do you have documentation to substantiate this claim. The Bank of Canada, on its website claims, it prints our bank notes. It also states it generates 1.7 billion in net profit that is given to the Federal Government, as a result of printing that money.
Some idiots in the banking and financing systems thought people would not lie to pay for their children and college and hang on to some nice house and car a while longer using a lie. They figured they would die lying and knew it was wrong but they lied to get ahead and that's just what is happening in the world. Lies, games, trickery, egotism about who should have what. On another planet each and everyone works in industry 3 hours a day, and everything is free and it works! Earth time wasted.
Great video - It's the best I've seen for explaining everything in a nutshell - As for comments, people respond better to a more "colourful" voice and showing your face a few times when you talk will make people connect with and believe the information more. Other than that, good job. Perhaps making a video on NAFTA would be good as well - we keep losing more and more Canadian companies to the U.S. !
irongiant20012001 1 week ago
No comments, not many views in almost 3 years??? Something is wrong here...
jamesrgauthier 1 week ago
we're headed the same way argentina went
artz139 1 week ago
wow in a nut shell...to pay that much in interest on a loan that was smaller...by that degree. now i understand comments about major banking having a strangle hold on the world economy...the r name. the worry about africa having its own bank, getting rid of an african leader
dirteafairyprincess 1 week ago
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Ron Paul has been declaring since 1971 that using gold and silver (as the U.S. Constitution states in Article I, Section 10) is the only sound currency. We are now seeing this more than ever as our Federal Reserve System currency continues to lose its value compared to the gold and silver it once contained. Currently it has lost 95% of its value.
SilverNowPeople 3 weeks ago
Under the law they can monitor anyone, he says. Well they for sure monitor and harass me and have done so for more than 5 yrs. I have evidence of crimes that they know I have been investigating and they ignore it and have actively taken an enemy stance. They are more than just 'monitoring', they are actively complicit in treason and war crimes. So not only are there those that are under the influence. There are active agents here and full in control of the police.
Psy0psAgent 4 weeks ago in playlist Canadian Corruption in the Political System
Part 2: ...However, take this great power away from them, and all the great fortunes like mine disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit." -Sir Josiah Stamp, Director, Bank of England, 1920s [reputed to be the 2nd wealthiest man in England at the time]
hplaserjet2001 4 weeks ago
Part 1: "The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of the pen they will create enough deposits to buy it all back again... -Sir Josiah Stamp, Director, Bank of England, 1920s
hplaserjet2001 4 weeks ago
"What we've had for the last 10 to 15 years is unlimited attitude, we can make money, we can do anything we like, we just have tons of time to do what we want without regarding regulation or regarding the basics of how you run your business." -Evelyn De Rothschild, Banker, CNBC interview
hplaserjet2001 4 weeks ago
"Once a nation parts with the control of its currency and credit, it matters not who makes that nation's laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile." -William Lyon Mackenzie King, 10th Prime Minister of Canada, Illuminati insider
hplaserjet2001 4 weeks ago
You are right, we will never get out of debt.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning... The one aim of these financiers is world control by the creation of inextinguishable debts." -Henry Ford
hplaserjet2001 4 weeks ago
Pretending for a moment that politicians have the best interest for Canadians at heart, what is the rationale behind using private bank loans? Is it greater economic growth using private banks vs Bank of Canada? Was it a case of go with us or suffer the consequences? Or was it just a case of I'll scratch your back if you scratch mine?
15hmael 1 month ago
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@Richman6625 Canada has been fully sovereign since the British Parliament passed the "Canada Act" in 1982 (the same act that gave us the Charter of Rights and Freedoms). The "Canada Act" gave Canada the power to do whatever our government chooses to do without the need to ever ask Britain or the Queen for permission on anything.
guaritore 1 month ago
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guaritore 1 month ago
affect their monetary value, money should be strictly linked to labour (physical and intellectual) In theory the money supply should grow in proportion to the growth of labour productivity every year, not in relation to the discovery of gold mines here and there (what an absurd concept). Just because the fractional reserve system is crap in its current form doesn't mean that the gold standard is any good, it certainly is outrageously unjust.
johnnysecular 2 months ago
Because no human has any credit for the existance of these minerals and metals and fossil fuels, those are the result of thousands even millions of years of geological activity. When we start to assign value to commodities based on their features or their supply and demand we begin to inflict injustice on all those who were not lucky enough or violent enough to seize control of land that contains these materials. Yes some minerals have better features and are in higher demand but that should not
johnnysecular 2 months ago
However suggesting that a money system based on commodities like gold and silver is better because money is "real" is in fact hugely misguided. Gold has zero value in and of itslef, the only real measure of value is labour. You can have huge deposits of minerals but if you don't get them out they're worthless, and at the same time it's completely unfair that any one individual should benefit from the fact that the mineral they found happens to be in demand, or happens to have better features.
johnnysecular 2 months ago
That said, we should seriously consider giving the national public bank the monopoly on lending money. Private banks can still exist to provide services, retail banking and whatnot, and manage investments. This way the Bank of Canada can have a monopoly on the 'fractional reserve system' and charge different interest rates for different activities based on social and economic factors. Any profits that the Bank makes would go towards the federal budget.
johnnysecular 2 months ago
Let me just say something, the banks do not lend you from their reserves that's right. Money is not backed by commodities, that's true. But the money they create is not from thin air. It's blasphemous to say that banks create money out of thin air, they create it out of the borrowers promise to pay it back, which you mention in the video. That is why charging interest is outrageous, because the collateral is future labour, the interest collector should be in fact the borrower herself.
johnnysecular 2 months ago
In 1938 The bank of canada become a publicly owned by canadians but yet even with this we borrow instead of printing ,,, OK ,,, In this borrowing has there ever been given the right to borrow , did the feds get the right to borrow or ? did they assume they had this right ? I can't use future incomes of my children as collateral to borrow nor can I use anyones assets to borrow with there cosigning so ? did they get the right legally in legislature to borrow ?
lemwal 2 months ago
Most important = Government borrow from banks at Commercial Interest Rates even though we have a Government Bank who could do this at no charge.
JakeOzwald 3 months ago in playlist More videos from criticalmindseed
Can I just add that "borrowing" from the BoC while better, is also no good. Inflation is a tax, and the more they "borrow" (with no incentive whatsoever to repay), the higher it will be. A real solution lies elsewhere.
How about a balanced budget amendment?
IvanAndreevich 4 months ago
@IvanAndreevich The AMOUNT of money in the system dictates the rate of inflation, not WHERE the money comes from
306prepper 3 months ago
@306prepper Duh, that's exactly the point I am making.
IvanAndreevich 3 months ago
What is the exact mechanism by which private banks profit by lending money to the government? I thought the government raised funds by selling bonds, treasury bills, etc., not through loans per se. Not that bonds are really any different than a loan, save for the fact that buying a bond should not increase the money supply and cause inflation, whereas printing money would. But I might be missing something.
ElJulioso 4 months ago
@ElJulioso They profit by lending money that they dont actually have to begin with. They create the money out of nothing, type it into a data base, and then loan it out on interest and compounded interest. They profit by charging real money on key-stroke 'money'
306prepper 3 months ago
@ElJulioso Basically, Canada's version of the United States Federal Reserve is nothing more than the Fractional Reserve Banking System itself. To truly know and understand the "Fractional Reserve Banking System" is to understand "the exact mechanism by which private banks profit by lending money to the government". So the short, concise, exact answer to your question is: Fractional Reserve Banking. (Just google that term, or wiki it and you'll have your answer more clearly)
VaudevilleRant 2 weeks ago
The bank of international settlements controls the bank of Canada... Canadians do not own the BoC... banksters want us to believe that we do but the truth is, we don't. We're fuckin' hooped...
annabodhi38 4 months ago
Has long as we print our own money or enter it into a hard drive, debt and debt crisis is nothing more than a bad joke. As for foreign debt, China will never collect as long as we keep buying their crap at Wal-Mart, if they collect we can`t buy their crap, WE BOTH WOULD LOSE. Foreign debt is another bad joke because NEVER IN HISTORY HAS A COUNTRY PAID IT`s DEBT. IMF AND WBO KNOW THIS that is why they pick on the THIRD WORLD who lose nothing look at MEXICO.
bigtarrose 4 months ago
this guy doesn't make sense, I can't stand when people bring up Banking Conspiracy theories. Of the Bank of Canada increased money supply it just create more inflation.
Fain1987 4 months ago
@Fain1987 Its not "Banking Conspiracy theories": its banking facts. The Canadian warmongering banksters are stealing off of all of us. Zeitgeist.
JonathanSeagullUtube 4 months ago
see also:
Carrington.Hitchcock/The.History.of.the.Money.Changers and the Ottawa citizen op ed by former cabinet Minister Paul Hellyer:
opinion/Take+away+banks+licence+print+money/3236169/story
funti112 4 months ago
Bank welfare
Dragonmother52 4 months ago
This was very informative. I would suggest that the pace of the video be slowed down a wee bit .... you're presenting a LOT of info quite quickly .... it's a little difficult to follow due to the fast pace. Nonetheless, thank-you for the education!
neegerhardt 4 months ago
Long-term Elimination and Prevention Technique for Inflation and Unemployment
In an ideal situation, where and when Real Gross Domestic Necessity Goods (RGDNG) such as Food and Agriculture is the unit of account, demand and supply of neces...sity goods (food and agriculture) is directly proportional to Real Gross Domestic Product (GDP). Thus, Real Gross Domestic Necessity Goods (RGDNG) prevents inflation and unemployment.
mubaraqtopeakere 5 months ago
An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
mubaraqtopeakere 5 months ago
@mubaraqtopeakere Zeitgeist.
JonathanSeagullUtube 4 months ago
@JonathanSeagullUtube Zeitgeist =UN= Banking system.Project Venus =Agenda 21 UN project for depopulation.
kikibortok 2 months ago
@kikibortok KIKI = no facts or links or google searches as reference = bullshit = Liar Liar pantalons en feu. There is a an agenda 21, to suggest Zeitgeist = 21 is a giant leap of ignorance. Post back with proof of your = theory.
JonathanSeagullUtube 2 months ago
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Embrace socialism? Exactly what the why global elite set up central bank to sway the sheple to do. National sovergnty and ther currecies are a form of planned absolecence. When the global econmy crash, they want you to demand economic securty, with one world currency and governance. Whake up socialism is not the answer its the only solution they will feed you.
buckwats 5 months ago
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buckwats 5 months ago
man if we started just borrowing from our own bank our dollar would have no foreign value and it would cost 20,000 dollars to go to france.
benlorenc 6 months ago
@benlorenc How do you figure that?
rosiethebear300 5 months ago in playlist CANADIAN BANKS and MONEY RELATED STORIES
... The govt is a business today. They have brainwashed people of the years that we owe the govt when the govt is actually public servants. They take our money and do what ever they want with it whether we like it or not and when the run up the tab too high they tell everyone that we are in a recession now and will have to make cuts to social services, healthcare, labour laws and we never get them back no matter how the economy is doing.
rosiethebear300 5 months ago in playlist CANADIAN BANKS and MONEY RELATED STORIES
Amazing how few people understand or even seem to be concerned with this issue. Thus I applaud criticalmindseed. Chotaboy66, I am not sure why you need to make this issue seem so complicated, it really isn't. I don't mean to give you a hard time, but your way of repeating THINK, and GOT IT is really condescending, especially when your spelling and grammar are poor, and your writing is opaque and disorganized. It is quite off-putting. Please express yourself clearly or don't bother.
mfitze 7 months ago
@mfitze Thats not nice! Do you ever care about hurting someone's feeling? Could you simply not appreciate the good in the video. the excellent effort, the good and moral intention?
rosiethebear300 5 months ago in playlist CANADIAN BANKS and MONEY RELATED STORIES
all the nit picking and analysing - whatever way you cut it we are be stolen from! Income tax was a ww1 temporary measure. Companies paid a large tax to the govt only after being granted a patent upon proof that the company would produce something beneficial to the citizens. It was renewed every 5 years. They're the ones making the big profits today and barely pay any tax and a lot of people cannot put food on the table after slaving all week because of income tax and utilities and rent...
rosiethebear300 5 months ago in playlist CANADIAN BANKS and MONEY RELATED STORIES
2:25 Is your labor blood sweat & tears nothing? THINK
Do banks create money OR change money? THINK
Is money really created as debt or is it our creation & its our obligation to PAY DOWN & retire the creation over a period of to defeat circulatory inflation. Do banks offer any lawful consideration of they're own or is the purported borrowers or the obligors promissory note a financial Instrument,liability (principal) thats Deposited in the Bank backed by the property value in question. THINK
chotaboy66 7 months ago
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chotaboy66 7 months ago
I'm sorry to do this to you but its Thumbs down for me because this is blatant misinformation . Which actually divides us on solution , A half a truth is not the full truth just ask the cointelpro guys that are leading you all down the garden path .
chotaboy66 7 months ago
Any bailout is national debt which represents a sum of money that has already been laundered out of circulation over the years via ALL your purported personal loans OK ,this causes mass circulatory deflation that deflates circulation at a greater rate than any national debt injection hence a government borrows TERMINALLY evident by the national debt only in a piss poor attempt to keep the circulation vital only to have it all laundered out again by your so called debts to the local banks GOT IT.
chotaboy66 7 months ago
There is no debt to begin with, banks are laundering the circulation via our promissory obligations.banks DON'T RETIRE YOUR SO CALLED DEBT PAYMENTS they keep them stealing the obligation YOUR LABOR of principal on conception prior to the exchange then laundering all payments from circulation again after the exchange by charged interest thats never created or issued.We suffer mass Circulatory deflation & also a manifestation of price inflation which is primarily caused by interest GOT IT.
chotaboy66 7 months ago
Money dose not come into existence as debt zombies.Its created by WE THE PEOPLE by a obligors promissory note BEFORE the fraudulent exchange,ANY loan from a bank is FRAUD,the obligor OR borrower creates the sum of principal only & its a obligors obligation to pay down & retire the creation out of circulation over time to defeat circulatory inflation,ALL Banks intervene on our commerce falsely claiming its the creditor laundering circulation causing the opposite,MASS circulatory deflation GOT IT.
chotaboy66 7 months ago
its either that, or the canadian government assumes control of the Bank of Canada. Either solution I am in favour of. But I do not trust a private business, whose only real interest is to gain profit, with the creation privelages of our money.
"Give me control of a nations money supply, and I care not for who makes its laws." - Amschel Rothchilds
Rated and subscribed.
ScaryEskimo 7 months ago
Hey critical
I support your cause in every way, just 1 problem. You are in favour of giving the responsibility of creating money back to the bank of canada, which is a private bank. Privatised businesses need profit in order to continue themselves, so unless they gain interest there is no reason for them to loan money.
Its against the canadian constituion for any1 other than the government to create our money. The responsibility should be returned to the government, not a privatised bank.
ScaryEskimo 7 months ago
Back to Gold Standard!
UponInfinity 8 months ago
bank of Canada issues new money, but the goverment can borrow from other private banks not just bank of Canada. this is the problem he is talking about. Fractional reserve banking is the problem. Debt is created out of thin air, it's not real. The goverment owns the corporation that is the bank of canada but doesn't use it like it should. bank of canada earnings go to the government treasury at least.
G2Gunner 9 months ago
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Quote from the BANK OF CANADA - "As long as inflation, is low, stable, and Predictable, we can stay confident in the future value of our money" ----REF: BANK OF CANADA. IS THIS THE CASE NOW? Is inflation 'LOW, STABLE, AND PREDICTABLE"? ------ Diversify invest in Precious metals for insurance, not with the expectation the system will crash, but having the ability to stand outside the matrix of Debt. (:
Nathan21122012 9 months ago
Can you please compare how our bank of Canada compares (or is different) to the US federal Reserve? Looks to me to be the same, mainly because both banking systems creates debt that cannot be repaid. Then what???
TOC359 10 months ago
So if the governments money go back to the Bank of Canada instead of Private Banks would our money problem be solved ?
EmotionalKing 11 months ago
So the Bank of Canada is a publically owned bank. I never knew that. I always figured it was a Rothschild branch, what with our country's origins being a glorified British colony.
LordDyhalto 11 months ago
Read the comments before i watched the video, was a tad confused about the electric money & it not being printed. After watching the video it makes more sense, very nice.
Kilorai 11 months ago
The Canadian Action Party has been pushing for the use of the Bank of Canada to finance government expenditure since 1997. Last year we could have paid the tuition of every university student in Canada. 770,000 students at $10,000.00 = 7.7 billion dollars. We would still have over 34 billion left. This is incredible! Great video thank you. I encourage you all to visit the website of the Canadian Action Party if you are interested in ending the banksters reign.
moneyshea1 11 months ago 7
@moneyshea1 wow! sweet I want to end this insanity!
ryansimpsoncanada 3 months ago
Critical...which private banks are printing our money? Do you have documentation to substantiate this claim. The Bank of Canada, on its website claims, it prints our bank notes. It also states it generates 1.7 billion in net profit that is given to the Federal Government, as a result of printing that money.
Appreciate the video!
facing42 11 months ago
@facing42
Creating money, not printing. 95% of our money supply is electronic.
criticalmindseed 11 months ago 20
@criticalmindseed Hey! Ya I did some research and the private banks such as TD and Royal Bank (not exactly sure wthich ones) produce 95% of our money supply. The Bank of Canada only prints 5% of the money supply. This is friggin insane! I knew this was the case in the US with the Federal Reserve but I am stunned to know Canada has completely sold out to the Banksters. It's time to rally the peaceful assembly and take back our country.
facing42 11 months ago
@criticalmindseed
And even so, the overnight market system that we have in Canada doesn't allow banks to freely create money out of thin air so easily. If a bank offers a loan to a client, it has to go other banks or the Bank of Canada to cover the expenses. At the end of every night, all the major banks cannot have a surplus or deficient. "Money out of thin air" is not a term to describe the Canadian Financial System because we don't use ratios like the states.
gamingeh 11 months ago
@facing42 Look up a documentary called "Money as Debt 2" on youtube. It does a good job of explaining the basics of the banking system in a little over an hour. The bank of Canada creates bills and coins but private bank loans currently create most money. The Bank of Canada could create more money since it is a bank but for some reason doesn't. As the movie states taxpayers could save billions by using it, the way it was done prior to 1974. Something everyone should know but few do.
zklarer 10 months ago
@facing42 Creating money or even borrowing the money is by definition, inflating the money supply. Increasing it's velocity through the system. This supposedly stimulates spending and puts people to work. In reality it lowers the value of our currency which eventually results in higher prices and less purchasing power.
puppetjaw 7 months ago
@facing42 Yes sir... it's actually true... so true... it's mind boggling...
wwwddpstudioscom 4 months ago
@facing42 If you look on the BOC website they do mention they call it "liquidity swap arrangements" but its basically giving other central bank money. Actually some Auditor General of Canada reports have some of the info. The BOC also mentions on it website "The Bank's books are audited by external auditors appointed by Cabinet on the recommendation of the Minister of Finance, not by the Auditor General of Canada" Fox guarding the hen house indeed !
formatguy 4 months ago
@facing42 the fiat currency (not money, money is silver & gold) is printed in Germany...(same company that prints Zimbabwe & Canadian Tire money I think)
JonathanSeagullUtube 4 months ago
@facing42 The Bank of Canada does not actually print our bank notes it produces... It contracts private companies, Canadian Bank Note Company and BA International Inc (owned by a German company), to print the notes.
lewisa89 2 months ago
Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939. Its proceedings cover 850 pages. (Standing Committee on Banking and Commerce, Minutes of Proceedings and Evidence Respecting the Bank of Canada, Ottawa, J.O. Patenaude, I.S.O., Printer to the King's Most Excellent Majesty, 1939.) Most of the evidence.....Google this..
MrjackieG 1 year ago
Money is not created by the tap of a computer key out of thin air.
This is a false belief amongst the truth seekers community.
Banks do not lend money.
No citizen of Canada has ever borrowed money from a bank.
Banks are forbidden by mandate from loaning a depositors funds or their own to the nominal borrower.
Banks are in the business of extending credit only.
Banks merely extend the nominal borrowers OWN CREDIT and create the funds from the borrowers extended credit.
MrjackieG 1 year ago
The link in the video description for your website does not work. Can you update for one that does? I would love to visit it.
allzago 1 year ago
damned bankers. STOP USING THE BANK!
Argo108 1 year ago
@Richman6625 Conspiracy or backwards thinking? And before you accuse me of being a shill, I'm totally against the idea of the Queen being the head of state. Unlike you, I don't see a vast conspiracy behind it.
gamingeh 1 year ago
@gamingeh Who is the one throwing accusations around? Why so defensive?
Richman6625 1 year ago
which banks are we safe with then...should be going to credit unions???
beautifulday2004 1 year ago
The Bank of Canada only issues 5% of our money, the rest is the other Big Banks. Think about it, that makes no sense. Our money should be Issued at 0 interest and the value based on actual resources and assets like Gold and real productive capacity like our work. The system as it is allows Banks to write themselves big checks on our debt and futures. It has to callapse one day as it isn't sustainable forever.
MrROTD 1 year ago
@MrROTD Another person who buys into the myth that we use the fractional reserve system in Canada.
gamingeh 1 year ago 2
Alberta Monetary Authority endorses this video.
Tonkadude1001 1 year ago
thank you.... it's good to know that we already have the way to fix things.... we just have to go back to printing money to the people from the Bank of Canada.... that's do-able
liagog 1 year ago
Read Para 17 of the Bank of Canada Act. Her Majesty owns the BoC, not the people.
bandrig 1 year ago
@bandrig And? She is still, sadly, the head of state. In fact, if we wanted an election, we would have to get the permission from the governor general to allow it, and the governor general represents the Queen.
Not a conspiracy, just backwards laws like our Telecom act.
gamingeh 1 year ago
@gamingeh The Governor General is Canada's official head of state and has been since 1982 when Canada gained it's full sovereignty (see my other comment directly below). The Governor General only symbolically represents the Queen now; the Queen (nor British Parliament) no longer has any legal power over Canada whatsoever.
guaritore 1 month ago
its all a game just play it,
why worry who cares who owes what to who, i'm getting houses for a name on a piece of paper with out even sweating, get to know your banker personally and they will tell you how to play the game, but you need a good banker, just like in the game monopoly ,play the game and don't sweat it
blackdirtwarrior2009 1 year ago
Do you know of any books on this subject in Canada
Forseyman 1 year ago
Canada wants more money.
Yeah, more money!
bigmeknurgle 1 year ago
is it true our birth certificate number is a stock number in the stock exchange and also really enjoyed this presentation the ceo of td said it all if he cant understand it he gets out what chance does joe public have. i have grade 10 but i live debt free of banks and at 57 that feels great thanks so much
scrap4u 1 year ago
Parliament can issue a bond based on the credit of the people.
Parliament can issue a bill based on the credit of the people.
The bond fattens the usurer.
The bill fattens the people.
In the end, money in any form is a judgement and void of love which is unconditional giving.
Independent0bserver 1 year ago
Excellent video... there is only one party in Canada who has a plan to fix this injustice... the Canadian Action Party has a very doable monetary reform platform.
bruchaw 1 year ago
the bank of Canada act states that, "WHEREAS it is desirable to establish a central
bank in Canada to regulate credit and currency
in the best interests of the economic life of the
nation" it goes on about control, so, I don't think that our problems are solved by getting the money directly from the BOC, because it is still regulating and controlling the value of our currency, and thus the markets.
The problem remains...private central bank, controlling fiat currency, defacto gov. corp.
multidimensional1 1 year ago
@multidimensional1 That's why we need a real PUBLIC central bank. And current chartered banks need to become only branches of the central bank. Nothing private, all publicly owned.
Simboiss 1 year ago
are you sure that the BOC is publicly owned? Because I looked it up in wiki and it stated that when the BOC was created they had to rent a building, just as the federal reserve is as fedex, so too, is the BOC a private corp.?
multidimensional1 1 year ago
@multidimensional1 The Bank of Canada is publicly owned. Go to the last section of this link and click on "3. Who owns the Bank of Canada?": bankofcanada.ca/about/faq/
guaritore 1 month ago
ok, so I had assumed that the federal gov. was doing the same thing as in the states, whereas, they were borrowing from the BOC (british rothschild owned) at interest, and our income taxes were used to pay down the national debt (interest owing)
I remember watching Brian Mulroney say on TV that Canada was only 36 billion in debt, and when Chretien became PM he stated that we needed to tighten our belts because the natrional debt was actually 600 billion! that was what? 16 years ago!
multidimensional1 1 year ago
@multidimensional1 Brian Mulroney was likely talking about the annual deficit of that particular year whereas Chretien was talking about the accumulated national debt which is the total of all deficits from all years and the associated interest.
guaritore 1 month ago
speak up bro, cant hear ya
TheBlitz1 1 year ago
Bank robbery is no longer a crime of the desperate, but the duty of the able bodied.
Corruption must be dealt with. All banks are evil. Do not discriminate in the banks you target. Do not harm people and donate the proceeds of your job.
Bank robbery is duty. Send these crooks a message that they're scheme is up. Not only will we strong arm their money we will soon be in contact with the ones sitting on top to strong arm them into apology and regret for their immoral crimes.
MrSmith1002 1 year ago
Banks don't create money brother, it is the signature (promise to pay) of the "borrower" that creates the money. The banks simply monetize that signature. This is evidenced by how they enter that loan on their books, its put in as a deposit. The interest they charge is their fee for the service of counterfieting the currency with the blessing of a corporate, profit driven, corrupt, de-facto government.
Mackenzie King also had a big hand in making this banking system possible, 1935-1948.
vme02 1 year ago 3
@vme02 Then he would indeed understand the meaning of his election statement. He also supported the formation of the UN.
& saying that banks don't create money, peoples signatures do, is like saying that combustion engines don't pollute the air, burning gas does....lol
But thank you for your comments
criticalmindseed 1 year ago 16
@criticalmindseed 1.
Easy bro, so much for your closing statement on the video.
If banks can create money, then why do they need your signature to do it? Nice analogy though. An internal combustion engine wouldn't even run much less pollute without gas, so it is the burning of gas that pollutes. Sorry bro, i don't mean to make fun or be sarcastic. If you need more info or research material, you're welcome to PM me, we'll have more space to talk.
vme02 1 year ago
do you often argue in semantics?
PoetsOnTheTake 11 months ago
@PoetsOnTheTake Don't know what you're trying to say here? Semantics: "The study of meaning", Webster Encyclopedic Dictionary. So i guess to answer your question; yes, i like to understand the words used. Do you understand the meanings of the words you use? or is that un-important? Thanks for the question though, maybe you should have looked up the the word 'semantic'. Be well.
vme02 11 months ago
@criticalmindseed 2.
Yes, King would deffinately know what he was saying and the fact that he was involved with the formation of that most viel of bodies known as the UN would support what i said.
Anyway, i think you took my comment the wrong way. I thought i'd help shed more light on what you were saying. I didn't say your message was wrong, just slightly lacking in detail. Nobody knows everything, we all need someone to fill in some gaps. Keep spreading truth, peace.
vme02 1 year ago
@criticalmindseed
Yes, banks create (print or electronically produce) the money BUT only AFTER a signature is given.
Independent0bserver 1 year ago
@criticalmindseed I would like to use your analogy lol. I thought that was brilliant.
kbradshaw87 9 months ago
@criticalmindseed:
Cause: banks don't create money
Effect: people signatures do
so itès the effect of things that make things happen?
finesse2005 6 months ago
@vme02 BY CHARGING 20% IN THE NAME OF INTEREST??? AND HEY WHY BANK GIVE ONLY 0.2 TO 0.5% INTERST WHEN SOMEBODY PUTS $100,000 DOLLARS IN THEIR ACCOUNT OR EVEN A $1000 DOLLAR IN THEIR ACCOUNT?? WHY THEY DO NOT PUT SOME KIND OF DEPOSITE IN REAL MEANS THAT CAN BALANCE THE LOAN GIVEN BY THEM?? NOW 20% IS 1.66 EVERY MONTH SO IF ONE PERSON HAD TOOK $1 LOAN THAN HE WILL PAY 1.016 WHICH DO NOT SEEM BIG BUT HEY THAT COME SIGNIFICANT WHEN SOMEBODY TOOK 50000 THAN ITS 50"800" !!!! "$800" FOR JUST SERVICE??
rockingnandpatel 1 year ago
@rockingnandpatel HUH?? I really don't understand what you're trying to say here or if it's even related to my comments.
Your calculations are a little off my friend, you forgot to compound the interest, can't remember the last time banks gave flat rate interest loans.
vme02 1 year ago
@vme02 it does not mae it legal
pat7445 9 months ago
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Well, well, well....Those sneaky buggers!!!
Have you heard of Mary Croft? I've read her book, and here's the kicker: All that money, when you take out a loan, is create with YOUR signature! They need that signature before they can issue the money. There's something even more fishy going on here, and I'm slowly gathering all the information so that I can finally have this veil lifted to be able to help people for real! Thank you so much for this! Keep up the great work!
mckinnonrc 1 year ago
Well, well, well....Those sneaky buggers!!!
Have you heard of Mary Croft? I've read her book, and here's the kicker: All that money, when you take out a loan, is create with YOUR signature! They need that signature before they can issue the money. There's something even more fishy going on here, and I'm slowly gathering all the information so that I can finally have this veil lifted to be able to help people for real! Thank you so much for this! Keep up the great work!
mckinnonrc 1 year ago
excellent vid, well done! Thanks for producing it!!!
SGTbull07 1 year ago
I was not aware of this... so much attention is paid to the Fed in the US. It sounds like our system is almost the opposite of theirs, except that the Fed isn't owned by their government. It is really disgusting when you think about how the criminal banking elite still find some way to keep us all indentured to them. Very informative video. Thank you for posting it!
brightsorcerer 1 year ago
IF YOU CAN'T AFFORD IT, DON'T BUY IT! SIMPLE AS THAT! FUCK YOUR CONVIENCE. YOUR CHEATING OTHER PEOPLE'S WORK! FUCK CREDIT!
eliden 1 year ago
Thank you for putting your movie out there. It's about time we saw how this money making scam is effecting Canada. Keep them coming.
bahamapapa82 1 year ago
thank you, brilliant video!
chandler22 1 year ago
You have obviously done your homework. Why not take this as a starting point and expand it into a book on how the banks and central banks in various countries work together to scam an unsuspecting public. For months I have wondered how the bankers managed to run the Canadian Economy. Canadians are too naive and trusting of their government to come together and fix the problem. Having a zero reserve ratio is scary. A bank run = a bank holiday
cayrick 1 year ago
@cayrick Actually the statement that banks require zero reserves is inaccurate (criticalmindseed didn't really do enough research). While it's true that banks are not required to post reserves with the Bank of Canada, the Office of the Superintendent for Financial Institutions (the regulator of our banks and financial institutions) requires that they follow Capital Adequacy Requirements and maintain a specific percentage of liquid capital assets to balance out their loan liabilities.
guaritore 1 month ago
Thanks! Most if not all central banks are privately held. Canada is an anomaly in that it's central bank is owned by it's government. This shows how the bankers get around this constraint. Excellent video.
cayrick 1 year ago
I didnt file taxes for a while then the CRA froze my bank account. $3,000.....allgone now I owe over $400 more. I wont mess with them again. And I wont be keeping money in the bank.
jjpeterson1 1 year ago
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Sadly I feel you all are missing the root of the problem. The fact we creat money out of nothing is bad enought. but the fact that in todays world money should not even exist will bake your noodle even more. Our economy relies on two things to be sustained.. scarcity and growth. With the technology available today scarcity is no longer an issue and i think we all are starting to realize the consequences of constant growth. Our problems are not economic or political they are technological!
LestWeFailMetal 1 year ago
Sadly I feel you all are missing the root of the problem. The fact we creat money out of nothing is bad enought. but the fact that in todays world money should not even exist will bake your noodle even more. Our economy relies on two things to be sustained.. scarcity and growth. With the technology available today scarcity is no longer an issue and i think we all are starting to realize the consequences of constant growth. Our problems are not economic or political they are technological!
LestWeFailMetal 1 year ago
Canada is the 13th Federal Reserve District.
whitefly1 1 year ago
Even if Canada creates it's own money, that money will eventually wind up in private banks empowering them to further inflate the money supply and charge interest on it. The entire banking system needs to be nationalized: we have to take the powers of money creation away from the international banking cartels.
peaceviddie 1 year ago
well done...
XlserindipitylX 1 year ago
It seems to me that we borrow at interest from chartered banks in order to keep our country in line with the federal reserve system in the US. It angers me to think how much better off individuals would be without intentionally created government debt..
cmc36905 1 year ago
you showed the American debt clock ...
ryanmilliken 1 year ago
GREAT VIDEO!!
skwid12 1 year ago
everyone needs to get involved IN politics, if you want the laws changed and the politicians to keep doing their worst, then you should do nothing , it is useless to protest in rallies or hold a sit in , get out there and get involved ,become a member of society , the government belongs to you , the crown is a "feudal Monarchy" since the magna carta (great charter) and the crown must protect you from itself and bad government, make it what you want with peace and compassion for your fellow man
flogthedoggy 1 year ago
@flogthedoggy do you really think that what the people have say to means ANYTHING to the people in control? The reason the government isnt doing anything about the the banking system.. is because the people who control the government DONT want them to do anything about it! We are no more than SLAVES to the agenda of the globalist elite!
LestWeFailMetal 1 year ago
What? Money is loaned by the BOC to private banks at an interest rate which is then collected by the Canadian government. Money is not "created" by private banks in Canada, it is LOANED through the BOC.
blazinhomo 1 year ago
@blazinhomo You're speaking about M1, look into M2.
FractalInfinities 1 year ago
@FractalInfinities I minor in economics, I know what I'm talking about.
blazinhomo 1 year ago
@blazinhomo ...
FractalInfinities 1 year ago
@blazinhomo Im sorry to hear you have wasted your life on something so irrelevant and useless. Financial jobs contribute ABSOLUTLY nothing to the betterment of society. Congratulations for being part of the PROBLEM!
LestWeFailMetal 1 year ago
@LestWeFailMetal Really? So investments, retirement savings, budgeting, accounting, has absolutely no benefit to society? Hardly.
blazinhomo 1 year ago
@blazinhomo When you consider the fact that there are enough resources and technology available on the planet for EVERYONE ON EARTH to have a HIGHER standard of living than even the RICHEST people alive today... NO it does ABSOLUTLY NOTHING to better society as a whole! All the things you mentioned there are for the betterment of the INDIVIDUAL not SOCIETY! Do some research and dummy the f*ck up bud!
LestWeFailMetal 1 year ago
@LestWeFailMetal
And your proof that the earth has the resources to support this? Thanks try again.
blazinhomo 1 year ago
@blazinhomo WOW do you always make stupid comments without researching the facts first? Search youtube for "Our Technical Reality" and watch parts 1-6.. I would post the link to make it easier for you.. but youtube won't let me! so Im sorry but your actually going to have to put a LITTLE bit of effort into this one... Thanks for coming out.. please play again!
LestWeFailMetal 1 year ago
@LestWeFailMetal And your source is a youtube video? What a joke. Go get a education then talk to me.
blazinhomo 1 year ago
@blazinhomo thats just a start dumbass... I figured due to your lack of research on the subject yourself.. that a youtube video might be a good introduction for you. If you would take a second to pull your head out of your ass and take a look at the facts.. rather than write it off due to the brainwashing you have so willing recieved your entire life.. you might actually see that these things are in fact a REALITY! research the tech displayed in that video.. and you will see for yourself!
LestWeFailMetal 1 year ago
@blazinhomo and I do in fact have an education that probably far surpasses your own! At least the education I have is FACTUAL.. f*ckin economists always have a problem grasping the fact that they DONT NEED TO EXIST... get some REAL education.. not the bullsh*t that is crammed into our propaganda based education system.. then talk to me! Something tells me you wont though... enjoy your chip asshole!
LestWeFailMetal 1 year ago
Great Video. The real questions are: why do we submit to this and other trespasses with such docility? and... what will the owners of the world want to take next?
santiago321lat 1 year ago
if the global financial system rules the world, who rules the global financial system?
criticalmindseed 2 years ago 11
The bankers.
What the hell do we do about this? I'm a newb to it all and it infuriates me. Not only that but our income tax is not only unconstitutional but unnecessary as well, considering we pay about 50% of the revenues generated towards this interest.
JohnnieNaked 1 year ago
@criticalmindseed The many board's of the Global Financial Institutions, naturally.
heisnothere 1 year ago
@criticalmindseed in short... Rockefeller and rothschilds.... the money from our interest payments goes directly into the pockets of them and their banking kartels.
canadianwhaaat 1 year ago 2
Forces behind the Vatican
FreakAlert2008 1 year ago
@criticalmindseed
"Money Changers"
Rothschilds, Rockefellers, etc.
look up money changer on google video, and watch the 3.5hr program from 1995.
crazyeyemother 1 year ago
@criticalmindseed the ppl that own them they r the illuminiti ot freemasions or mmebers of the bilduburg grup witch met in ottowa on 2006
xyon224 1 year ago
@criticalmindseed Satan ?! xD
RicoBoudreau 1 year ago
@criticalmindseed Me!....LOL. I wish!
TheSilverGuild 1 year ago
@criticalmindseed google: banking dynasty lol whats the first name
lennyfloss 1 year ago
@criticalmindseed Rothschild, who else?
teddyterrorist 1 year ago
@criticalmindseed Thank you for the video my friend! Do you have any suggestions of resources books or otherwise, that I could read or watch to get an even greater understanding of the Canadian system? I am very familiar with the US and the Federal Reserve, but not so much our Canadian system. I called my MP and he told me that our system was not inflationary and that banks don't just create money out of nothing. I don't believe him though..
Richman6625 1 year ago
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@criticalmindseed Critical...which private banks are printing our money? Do you have documentation to substantiate this claim. The Bank of Canada, on its website claims, it prints our bank notes. It also states it generates 1.7 billion in net profit that is given to the Federal Government, as a result of printing that money.
Appreciate the video!
facing42 11 months ago
I just like this video because it shows how much canda is just as bad as the states for finacial fraud
SyC0PaThiK 2 years ago
Good video.
Question, I have seen illuminati videos and I was wondering if you believe in all that.
jonathan4818 2 years ago
Some idiots in the banking and financing systems thought people would not lie to pay for their children and college and hang on to some nice house and car a while longer using a lie. They figured they would die lying and knew it was wrong but they lied to get ahead and that's just what is happening in the world. Lies, games, trickery, egotism about who should have what. On another planet each and everyone works in industry 3 hours a day, and everything is free and it works! Earth time wasted.
ouivalerie 2 years ago 3