Oh Canada Movie 6 - Banking - 5

www.OhCanadaMovie.com

Our Bought and Sold Out Land
Banking

Category:

People & Blogs

Tags:

• Canada
• Oh Canada
• Bought Sold Out Land
• Monetary
• Money
• Bilderberg
• Paul Desmerais
• Banks
• Canada Banks
• Bank of Canada
• Canadian Banks
• Chartered Banks
• Private Banks
• Ignatieff
• Harper
• Law
• Compounded Interest

[northerndisclosure]

As a Canadian who has watched all the movies about the American system of banking it is Awesome to watch one from a Canadian Perspective.

Nice to see all our Elected Board Members know the problem but refuse to ruffle the feathers of our CEO's. The Corporation of Canada will eventually be replaced by the Republic of Canada.

We will Print our own Money and Control our Destiny.

[huskavarna]

finally, a great documentary focusing solely on the problems with the monetary system in Canada!

[craigalot]

National Citizens Coalition say they are concerned with financial responsibility eg 501 plan so maybe their members would be interested to hear this ?

[EBNighttRain]

Why can we not get school loans or a mortgage to buy a house from the bank of Canada. Why is the private bank the only place to go? Why cant we as a people rise up and boot all the private banks out and just deal with our own Bank of Canada.

[okomi]

damn I feel so much better knowing not just my 3rd world country is getting fucked by his government and foreign banks THANK GOD.

[ImAznnn]

Where can I find some of the statistics in the video?

[ImAznnn]

@warrenhales In your example money is created to pay the workers. Money in this case is not being backed by nothing; it is backed by labor thus it is completely fair that the government does that.

There would be no inflation in an interest free system as all the money is backed by labor. Since labor creates products, the ratio of supply to demand remain stable thus the price of everything would remain stable as well.

It is money that is based off of nothing that creates inflation.

[warrenhales]

I think interest free money is considered "inflationary" due to the likelihood of abuse.

Imagine you had $100,000 saved for retirement and are about to retire. The government of the day decides they want to fund their pet project by printing a truck load of money.

Suddenly your $100,000 only buys $25,000 worth of stuff because of rapid inflation. You are screwed.

Its the extra spent because it is "free" that is inflationary.

Could we really trust our politicians to not overspend?

[IvanAndreevich]

I've been following this right up to here, but this where it goes so badly wrong.

Distribute money which creates job? LOL

[666VitaminE]

heres a good business idea: lets open a bank

[coldcitydweller]

The government doesn't make "phoney". The government makes the laws. They may be laws that don't benefit the majority of people but that doesn't make them phoney.

Unfortunately your simple solution is not as simple as you make it because you don't do the work of following the numbers down to the average people and seeing the ripple effects on the economy. I'm not saying it doesn't need to change but it will have to be done gradually and must include changes to all kinds of non-monetary laws too