Today's Daily Ring continues the CC's (Canadian Curator's) in-depth look into the policies, implications and effects of the BoC (Central Bank of Canada) on us everyday consumer/voter/ taxpaying Canadians - in other words - the REAL power in Canada.
We start with two articles:
CAP (Canadian Action Party) has on the Home Page of their Official Party of Canada website (they are a legal entity) an article posted on Sept.26/2011 entitiled "Is There Hope For Canada? Yes, With the Bank of Canada" http://www.canadianactionparty.ca/
As an official party with candidates that legally run in federal elections for a number of years now this article poignantly points out CAP's main beef (and beef is an understated metaphor here [in the CC's estimation]) -
The Federal Government borrows mostly from private banks rather than the BoC resulting in Canadian Taxpayers giving directly out of thier pockets $165 million in interest a day to a number of privately chartered banks (to be listed later) -
(Which means a good deal of their profits ARE taxes [a straight line to the PRIVATE individual's wealth portfolio through salaries, bonuses and stock options and pay-outs -
Simply put - the people who run and have stock ownership in the debt-holding entities of Canada {The Banking System (the policy maker that regulates and oversees those chartered banks being the Bank of Canada which has obviously co-opted the public bank into The Private Central Banking System} - are having all their dinners, holidays and exotic cars - on Canadians it seems!]).
So our gut instinct is telling us what?
(The CC is hunting for more facts to expose this official government policy to use private banks to get loans from instead of using its public bank based on CAP being a legal entity and so cannot - repeat cannot - publish anything that cannot be proven or else they lose their party status) -
So again - our gut is telling us? -
This is legally sanctioned theft - thus the title of this blog posting - rightly so as documented and stated by CAP.
And it is no diferrent here in Canada - none whatsover - from what's happening in Greece.
We are just lagging a bit - see anything by Max Keiser http://www.maxkeiser.com/ on the sovereign debt crisis in Greece (and the European PIIGS - Portugal - Italy - Ireland - Greece - Spain [BRICS as well}).
A sovereign debt crisis "Coming Soon" to a country near you!
And yes, to go back to the dinner/holiday/Lamborghini bill mentioned above - you read it correctly - $165 million in interest alone - a day!
(165 X 365 = $6 billion 225 thousand a year) -
Taxpayer money -
(A lot of money there that could [if easily re-directed through the BoC] fund programs to deal with (e.g.) child poverty which the government promised they would eradicate by the 2000's yet haven't made a dent in since making that promise.
Yet all the the wealthy and privileged bankers and their crony's in the top tier of wealth in this country of Canada called Land of the Free! are (statistically documented) are getting wealthier.
If this doesn't wake you the evryday Canadian, well...?
To contunue this line of reasoning - it seems totally unnecessary to pay that interest when the government (Minister of Finance in charge right now being Conservative Joe Flaherty under Conservative majority Prime Minister Stephen Harper) - can borrow from our very own bank Bank of ("of" meaning belonging to Canadians) Canada with little - or NO interest at all!
(Remember [no apologies for harping on this {at least until every man, woman and child Canadian are informed so they can make informed decisions}]- $165 million of Canadian income- business- and sales tax money - PER DAY! - help privately chartered banks {with TRANS-national interests and cronies if one looks closely at BoC's closed door meetings of late?}] reap gargantuan corporate profits).
In today's economy?
While the world's economies CRASH around Canada?
The CC's very first Daily Ring as a fledgling blogsite two weeks ago launched with a read of the CNBC article pointed out by Stacy Herbert to Max Keiser http://www.rt.com/ The Keiser Report episode 190.
Go to CC's "First Daily Ring - Banker Jetsetters" and re-visit Jamie Dimon CEO of JP Morgan Chase (an American Bank with transnational interests) firing off in a closed door meeting at BoC's governor Mark Carney (who oddly enough worked for 15 years for another bank in the U.S. - Goldman Sachs whose CEO Lloyd Bankfein was also at the "closed door meeting' ringside to watch a grown man have what to the CC is tantamount to a child's tantrum) - not too laughable when your "ah-ha moments" culminate in an understanding of how the Private Central Bank System works -
And has influence over 100 countries Central Banks - worldwide.
A side note - I feel a joke coming on: Why are lawyers happy? Being the brunt of the joke all time has been given over to bankers.
What do you call a banker with cement overshoes sleeping with the fishes: The best anchor ever.
(Maybe o little childish as well in an OpEd but sometimes people can't help being people - being people and all and corporations).
Remember Cuba Gooding Jr.'s character in that movie with Tom Cruise where Cruise's character as Gooding's Agent gets lambasted on the phone by another childish tantrum: "Show me the Money!"
Well never has the old adage "Follow the money" been more appropriate.
Tommorrow we will look at a second article written by Lawrence McCurry - a Canadian activist/citizen journalist based out of Toronto, Ontario, Canada.
This article was published Feb.20/2011 by http://www.axiomatica.org/
The direct link is www.axiomatica.org/my-blog/blogger/Lawrence%20McCurry/
Lawrence points out in this piece how quite an astonishing number of the political elite of Canada (reads like a who's who of the influential when it comes to Canada's Establishment) - are tied to an extremely powerful corporation - Power Corp.
The CC will look more deeply into this connection (cronyism?) due to the fact that citizen Alternative Media journalists (see the CC article entitled "Conspiracy Agendist - Theorist - Extremist") are sometimes not believed to be as credible as is MSM (Mainstream Media) - (all due respect to Lawrence McCurry who to us here at the CC comes off as a knowledgable and honest reporter - at this point).
Special note: This label of Alternative Media (Internet) being Conspiracy Theory driven is changing rapidly and exponentially - read and see everything on the internet as regards the #Occupy protests going on world-wide.
Read anything by Paul Craig Roberts (an example of one of many credible sources turning their backs on MSM). He served under President Reagan and is responsible for most of the policies now known as "Reagonomics" - Google Paul Craig Roberts or search http://www.prisonplanet.com/ - he is published and quoted in MSM as well as many other so-called internet "Alternative Media" sources.
Getting back to the McCurry's article - it links to Wikipedia and its entry on Power Corp. which certainly lends all the credibility needed (in the CC's estimation as a "wake-up call" to the connection) for Wikipedia is acknowledged as a credible source as far as we know (with regards its function, structure and way the entries are posted by so-called "those in the know").
We will also check in on the #Occupy protests in Toronto.
TerryMcDonaldWriterFromPortCredit/Editor CC
A Mohandas Movement - A Gandhi Outcome!
Peace.
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