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The Best Kept Secret of the 20th Century
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WHEN
CONSIDERING The
Dream of Canada, this is perhaps the most important
link on my website. |
A WORD OF CAUTION! Some of the points below are counter-intuitive, that is, they go against common sense... The first 4 points set the stage for the main-5th- point- "So What?"
PROVE ANY OF THE FOLLOWING WRONG!!
1. Money is created out of nothing!
2. There are two ways to
create money (out of nothing):
(i) through a national central bank
(ii)
through the private banking system.
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3. You, I and corporations don't have a choice: we have
to borrow from private banks. 4. -Some 95% of our yearly money supply in Canada is created by the private banking system AS debt, and AT interest. And this is the situation in ALL G-8 countries!!! |
5. "SO WHAT??" You say? Well, as the pie shows, the result is
that the LARGEST Federal (and 3rd or 4th largest provincial) Expenditure
goes towards INTEREST ALONE due on moneys
being borrowed privately, rather than created publicly.
That is, the lion's share of our tax $$ are directed into the
private banking system
RATHER THAN
into health care, education,
social programs, etc.
This 'Public Debt Interest' is choking the very life out of our economic systems- worldwide-and yet its origins and significance is never discussed or evaluated by mainstream media or major political parties- even though it may arguably be at the CORE of our difficulties today.
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The video "The Creation of Money and Its Consequence" explains how and why this is so. It will help you to understand the critical significance of the money-creation function to the wellbeing of our economic systems... |
SUMMARY OF HOW IT WORKS:
The government of Canada, ON BEHALF OF THE PRIVATE BANKING SYSTEM, permits the latter to create some 95% of the yearly money supply, year after year after year (so that they can make excessive profits.)
RATHER THAN
Creating, ON BEHALF OF THE CITIZENS OF CANADA,
a more equitable % of the money supply using the Bank of Canada, thus
SHIFTING a greater portion of the debt to the latter- to be used for social
health and welfare needs and issues.
(This would not
cause inflation, as we are talking about HOW money is created, not about
HOW MUCH is created.)
If you are interested in a more detailed
explanation, click here
for my Bank of Canada tutorial.
...Before we
continue,
an historical
sidebar...