Bank of Canada Court Challenge

12/21/2011

Two Canadians and a Canadian economic think tank confront the global financial powers in the Canadian Federal Court. The Canadians plead for declarations that would restore the use of the Bank of Canada for the benefit of Canadians and remove it from the control of international private entities whose interests and directives are places above the interest of Canadians and the primacy of the Constitution of Canada.

Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians
William Krehm, and Ann Emmett, and COMER (Committee for Monetary and
Economic Reform) on December 12th, 2011 filed an action in Federal Court,
to restore the use of the Bank of Canada to its original purpose, by
exercising its public statutory duty and responsibility. That purpose
includes making interest free loans to municipal/provincial/federal
governments for "human capital" expenditures (education, health, other
social services) and /or infrastructure expenditures.

The action also constitutionally challenges the government's fallacious
accounting methods in its tabling of the budget by not calculating nor
revealing the true and total revenues of the nation before transferring
back "tax credits" to corporations and other taxpayers.

The Plaintiffs state that since 1974 there has been a gradual but sure
slide into the reality that the Bank of Canada and Canada's monetary and
financial policy are dictated by private foreign banks and financial
interests contrary to the Bank of Canada Act.

The Plaintiffs state that the Bank of International Settlements (BIS), the
Financial Stability Forum (FSF) and the International Monetary Fund (IMF)
were all created with the cognizant intent of keeping poorer nations in
their place which has now expanded to all nations in that these financial
institutions largely succeed in over-riding governments and constitutional
orders in countries such as Canada over which they exert financial
control.

The Plaintiffs state that the meetings of the BIS and Financial Stability
Board (FSB) (successor of FSF), their minutes, their discussions and
deliberations are secret and not available nor accountable to Parliament,
the executive, nor the Canadian public notwithstanding that the Bank of
Canada policies directly emanate from these meetings. These organizations
are essentially private, foreign entities controlling Canada's banking
system and socio-economic policies.

The Plaintiffs state that the defendants (officials) are unwittingly and
/or wittingly, in varying degrees, knowledge and intent engaged in a
conspiracy, along with the BIS, FSB, IMF to render impotent the Bank of
Canada Act as well as Canadian sovereignty over financial, monetary, and
socio-economic policy, and bypass the sovereign rule of Canada through its
Parliament by means of banking and financial systems.

A press conference will be held on Wednesday, December 21st, 2011 at 10:00
a.m. to answer any questions the media may have of the Plaintiffs at: 637
College Street, Suite 203, Toronto, Ontario.

ROCCO GALATI LAW FIRM
PROFESSIONAL CORPORATION
Rocco Galati, B.A., LL.B., LL.M.
637 College Street
Suite 203
Toronto ON M6G 1B5
TEL: 416-536-7811
FAX: 416-536-6801

Statement of Claim: http://actionparty.ca/news/monetary-reform/statement-of-claim-bank-of-canada-...

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[MrEvilsun]

If it gets any press, sure has been quiet on the news feeds about this particular case, no surprise. We spend over 200 million a day on the compound interest to a private banking cartel, for the right to issue "our" currency. That would be more than enough money to fix education, healthcare, pensions, infrastructure. Thank the treasonous Pierre Trudeau for selling us out to foreign banks, when I was in school he was a hero, when I learned what he "actually" did, he became a treasonous villain.

[bradybrian]

this needs to have more than 30 views

[landlogger]

Keep us posted please. This is very important for us all.