Brigette DePape speaks at the G20 Redux Freedoms Festival

Brigette DePape speaks at the
G20 Redux: Fundamental Freedoms Festival

Saturday, June 25, 2011

Queen's Park

Toronto, CANADA

Saturday, June 25, 2011 marked one year since the G20 Summit in downtown Toronto, the biggest mass arrests in Canadian peace time history and an unprecedented degree of infringement of individual civil liberties and fundamental freedoms. These issues have not been resolved. Much remains to be done to shed light on what really did happen during that fateful summer weekend, why it happened and ensuring that it never happens again.

This event was co-organized by the Canadian Civil

Liberties Association (CCLA), Ontario Federation of

Labour (OFL), Canadian Federation of Students (CFS) and

Council of Canadians (CoC).

MEDIA SPONSORS:
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Category:

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[TheSAMathematician]

@lennyfloss Although, you shouldn't play politics with people's mortgages ergo you shouldn't have parliament set interest rates. Also, the government is not as well suited for full control of money, because it has the incentive to simply print money and cause inflation in order to pay off its debts. Politics and money supply should stay separate.

[TheSAMathematician]

@lennyfloss If you look at the major growth of the western world over the last few centuries, a prime cause was the abolition of anti-usury laws. It is one of the reasons the west has done better than the rest since the 1600s.

Also that King quote is arguing for a central bank. I am arguing for a system with a central bank, like Canada's current system. Sooooo, it supports my point.

[TheSAMathematician]

@lennyfloss You assert that a banking system causes government debt. This is fault. Stupid spending caused that debt. And Shariah banking doesn't have interest, it has fees. So, yes, they have an incentive. And the collapse of our banking system was caused by the derivatives market and Barny Frank encouraging subprime lending.

Last I checked Canadian banking has been doing well, so the collapse is not a point against the Canadian banking system anyway. Incentives are necessary for lending.

[lennyfloss]

@TheSAMathematician People are better of not having incentives to lend money..Look at Shariah banking, they make usury illegal and their banking systems never really need bailouts cause they don't collapse

[lennyfloss]

@lennyfloss "Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile... Once a nation parts with the control of its credit, it matters not who makes the laws... Usury once in control will wreck the nation." - William Lyon Mckenzie King (10th PM of Canada)

[lennyfloss]

@TheSAMathematician The majority of our currency was issued by private banks since joining the G7..Before the 1970's when we joined them, we only had an 18 billion dollar debt...Today its around 600 billion. We need to restore the Bank of Canada...

[TheSAMathematician]

@lennyfloss Fiscal policy is key in the fighting of a depression. Gold standard removes the ability of a government to use fiscal policy. The countries that need a gold standard are too messed to stick with it. The countries with the ability to maintain a gold standard would be harmed by one.

And inflation has been stable for the last 20 to 30 odd years.

[TheSAMathematician]

@lennyfloss Continuing with my debt point... As long as bankruptcy laws are upheld, debt can be a good think. A solid central bank reduces the effects of inflation. As I already said, its better to have some inflation than deflation. Deflation causes long and deep depressions. Also, if you have a gold standard, your currency will be determined by the gold miners instead of bureaucrats.

The costs of a gold standard are greater than the benefits.

[TheSAMathematician]

@lennyfloss Have you not heard of reserve limits? They prevent the banks from going excessively crazy with their loans. Note that I am in favor of a Canadian style banking system, in which the central bank has a lot of power. Not the American system, in which the federal reserve has relatively little power over banks.

And you do not need the gold standard to prevent a derivatives market. So that argument is irrelevant.

Private debt often times allows investment. So debt can be a good thing.

[lennyfloss]

@TheSAMathematician "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation..Deficit spending is simply a scheme for the confiscation of wealth." - Alan Greenspan (former chairman of Federal Reserve)