In 1867 the Fathers of Confederation gave the federal government (under section 91 of the British North America Act) the right to create Canada’s money supply. However, our federal government has given this right to the private chartered banks. Instead of getting our money supply for the cost of printing, our federal government now borrows the money from the chartered banks and pays huge interest charges. Payment takes a big chunk of the federal budget. This means all business, farmers and individuals also have to borrow our money supply. Because money to pay the interest is never issued, we have to borrow the money to pay the interest. Thus borrowing drives all of us, including our governments, deeper and deeper into debt.

The borrower is the servant of the lender. So most of us, including our governments, are servants of the lender, namely the private banks.

What the present system has done to us:

Impossible you say! We can not afford to pay this amount of interest!
You are so right, so we borrowed the money to pay it. This further increased the debt.

Interest payments on the federal debt alone increased a thousand times in only 77 years. Paying for the interest on the debt means that there will be less and less welfare, health care, pensions, etc., and finally riots in the streets and a tyrant running our government. The total debt on which we pay the interest may never be repaid.You may say it can’t happen here. It is happening in every country of the world where debt and interest can not be paid.

There is only one answer to calamity and that is monetary reform.

If we do not carry out monetary reform we will continue to be run by internationalist financiers. Most of the revenue collected by the Federal government in the form of individual income taxes will go straight to paying the interest on the debt alone. At the rate the debt is increasing, eventually we'll reach a point where, even if the government takes every penny of its citizens' income via taxation, it will still not collect enough to keep up with the interest payments. The government will own nothing, the people will own nothing, and the banks will own everything. The New World Order will foreclose on Canada.

It is only a matter of time before the I.M.F. and their fellow bankers refuse more credit. Canada will then be in the same situation as the third world countries.

There is an answer

Toward a sustainable financial system for Canada by John H. Hotson, professor of economics Waterloo University.

The most thorough going, and beneficial, reform of Canadian banking would be for the bank of Canada to buy back from the Chartered Banks all federal debt they hold, plus sufficient other assets to equal 100% of their demand deposits (M1a) liabilities, and then require them hence forth to maintain 100% reserves against all deposits transferable by check. At one stroke this reform would end our present fractional reserve or “private mints system” by which the banks create 95% of the money we use as they make loans. The bank of Canada, or the Department of Finance, if this were desired, would then become the sole creator of money and the private banks would be reduced to their role of re-lending savings deposited with them without money creation.

The Real Story of Money Control in Canada

Canadians, living in what is called one of the richest nations on earth, seem always to be short of money. It's impossible for many families to make ends meet unless both parents are in the work force. Men and women hope for overtime hours or take part time jobs evenings and weekends; children look for odd jobs for spending money; the family debt climbs higher. Psychologists say one of the biggest causes of family quarrels and breakups is "arguing over money." Much of this trouble can be traced to our present "debt-money" system.

Too few Canadians realize why the Fathers of Confederation wrote into Section 91, Clause 14 and 15 of the British North America Act:

"that Legislative Authority of Parliament shall have the power to issue “Currency and Coinage” and “Banking Incorporation of Banks, and the issue of paper money”.

They did this, as we will show, in the hope that it would prevent "love of money" from destroying the Federation they had founded.

Our governments give SPECIAL PRIVILEGES to the ELITE!