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Constitutional Lawyer Rocco Galati: Restore The Use Of The Bank Of Canada Lawsuit Press Conference

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Uploaded by on Dec 21, 2011

December 22 2011, Toronto Ontario
Rocco Galati explains the lawsuit against the Bank Of Canada and the Finance minister.

Apologies for video quality and shakiness, When I got there and started setting up the camera, it literally died [not the battery but the camera itself] right there on the spot. Got what I could on cell phone camera.

Full press release:
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.

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Uploader Comments (canawareness)

  • let us help in this! Can this become a class action suit...there's be about 22 million people sign on with the right coverage....

  • @joadhenry That is a great question, I will try to find out and let you know what he says about it.

  • @canawareness let's get down to brass tacks with these people...we can social network the shit out of this....I know there's a case in the states similar to this are you aware?

  • @joadhenry Do you mean the billion dollar one? If so yes I am aware of it :]

Top Comments

  • Sir where can the rest of the people help your actions? Can we become participants in the case to show the government that we want answers... we want to help, please let us know?

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All Comments (40)

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  • The Bank of Canada has deliberately sold off Canada's gold reserves and put us all on the worthless US dollar standard. It leaves us all vunerable to the destruction of our purchasing power as the US economy contracts.

    Mark Carney the Bank of Canada chairman is an ex Goldman Sachs employeedoing the bidding of his ex employer.

  • @joadhenry Good point. If it is found that the Bank of Canada act was violated, and we (taxpayers) have been servicing a debt that was illegally brought about, should we not be entitled to reparations?

  • Can I find this story in any of the news media outlets? Are CBC or Globe and Mail or any of the other organizations reporting?

  • My hats off. The biggest thing we can do right now is to EDUCATE. Educate those that dont know about this and the rest is automatic. I don't know one sane person that wants to be extorted of money everyday. Votes matter in the end, and if there's a pubic vote on this major issue people just need to know what not to support.& who to vote in that wont support it. (High hopes I know) campaign money is who gets people in office from promoting themselves but in reality all we need is more awareness.

  • @canawareness Yes can this become a class action suit... D.D.P. studios Inc. will support this... it's part of our Charter of Rights... I asked the same question to former Mayor of Toronto David Miller... this is a real issue that needs to be addressed...personally Chief Producer of D.D.P. studios Inc. Jean-Claude Lafond I want some answers and I will personally join the class action suit

  • @joadhenry Yeah I would join....

  • Fantastic! I back this 100%. I'll help in any way I can.

  • Rock on Canada!

  • Nice to see people doing this.... now if the general public would wake up!

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