Not even the most financially orthodox mind would quarrel with the proposition that the sovereign prerogative to create money belongs to the Canadian Parliament. You may well ask:

"Why doesn't the government exercise this power?"

"Why does the federal government jealously guard its right to print the nation's currency and mint the nation's coins, then borrow its credit requirements from the banks?"

"Why does it progressively pawn the assets of the people to the private debt merchants when it has the power to create the money which the economy of the nation requires, without the evil incidence of debt or taxation?"

In other words, the electorate of Canada have elected "servants" to Parliament, armed them with all the sanctions of physical power, and permitted them to carry out a policy which is nothing short than a declaration of an economic war against the interests and the well-being of the very people who elected them.

We boast that the small businessman, the merchant, the exporter, the farmer, and the home-owner make up the true Canada, along with Parliament which represents Canadians everywhere.

The truth of the matter is that the Governor of the Bank of Canada has the power, almost without limit, as he directs and facilitates the control of the economy of the nation without even reference to Parliament....

Isues of Currency

WILLIAM LYON MACKENZIE KING:  "Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile...Once a nation parts with control of its currency and credit, it matters not who makes that nation's laws...Usury once in control will wreck any nation"

WOODROW WILSON:  "A great industrial Nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world...no longer a Government of free opinion, no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men."

Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my Country". He referred to the Federal Reserve Act passed during his presidency.

ABRAHAM LINCOLN:  "The money power preys upon the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes. The government should create, issue and circulate all the money and currency needed to satisfy the spending powers of the consumers.

Shortly before his assasination, Lincoln said the following:

"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my Country."

"Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed."

JAMES A. GARFIELD:  "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

HORACE GREELY: "While boasting of our noble deeds, we are careful to conceal the ugly fact that by an iniquitious money system  we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery".

THOMAS A. EDISON:  "People who will not turn a shovel full of dirt on the project (Muscel Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest...But here is the point: If the nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the userer and the other helps the People.  If the currency issued by the People were no good, then the bonds would be no good either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to the ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan."

SIR JOSIAH STAMP:  (president of the Bank of England in the 1920's, the second richest man in England)  "Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits."

MARTIN LUTHER:  Matin Luther was strong in condemning interest on money. He said in part:
"Meanwhile, we hand the small thieves ...Little thieves are put in the stocks, great thieves go flaunting in gold and silk...Therefore is there, on this earth, no greater enemy of man (after the devil) than a gripemoney, and userer, for he wants to God over all men. Turks, soldiers and tyrants are also bad men, yet must they let the people live, and confess that they are bad, and enemies, and do, nay, must, now and then show pity to some. But the userer and the money-glutton, such a one would have the whole world perish of hunger and thirst, misery and want, so far as in him lies, so that he may have all to himself, and everyone may receive from himas from a God, and be his serf forever."

POPE PIUS XII: said in his encylical letter THE RECONSTRUCTION OF THE SOCIAL ORDER:
"This power becomes particularily irrisistible when exercized by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will."

ENCYCLOPEDIA BRITANNICA: "For many people this is a difficult idea to accept. In essence the process is simple, but the common tendency to identify "money" solely with coin or currency stands in the way of either understanding or ready acceptance of the idea. It is worthwhile, therefore, to examine the process in more detail and to anticipate and reply to some of the questions commonly raised."

"The great contrast is with lending of the third type, where banks furnish neither their own money nor the money received from others; instead they establish deposit credit against which the bank's customer can draw checks. These deposits are created as part of the lending operation. New circulating medium thereby comes into existence."

Our governments give SPECIAL PRIVILEGES to the ELITE!