Monetarism

Until the mid-seventies or so it was a generaly accepted belief that- although there were problems- we were creating a better, more prosperous world; that work time (there were plenty of jobs) could be reduced, and leisure time increased. We were on our way! The Dream of Canada was about to come to be!

But in 1974 (after the gold standard was abandoned in 1971) G-8 monetary policy quietly changed, through the adoption of the theory of Monetarism. This change, along with others, has allowed for the privatization of our money supply, as explained in the upcoming section.

Prior to such changes, G-8 Nation-State central banks participated in the creation of money for public use- to build infrastructures (as happened through the 40s, 50s, and 60s) and to pay for public services- health, education, etc.

In my view, it was then, in the mid-70s, that The Dream of Canada, dynamic, in full bloom, ready to be realized- came to a grinding halt. And it has been downhill ever since.

The global privatization of money supplies is arguably the primary cause for the internal erosion of National economies- and most of the major problems (a stable business base, employment opportunities, health, education, infrastructure, etc.) which then arise. I call how this is done 'The Best Kept Secret of the 20th Century'...