The Case To Reinstate The Bank Of Canada

On December 12th 2011 Canadians William Krehm and Ann Emmett launched their case to restore the use of the Bank of Canada to it’s original purpose with the Canadian Federal Court.

TWO CANADIANS AND A CANADIAN ECONOMIC THINK TANK CONFRONT THE GLOBAL FINANCIAL POWERS IN THE CANADIAN FEDERAL COURT.
THE CANADIANS PLEAD FOR DECLARATIONS THAT WOULD RESTORE THE USE OF THE BANK OF CANADA FOR THE BENEFIT OF CANADIANS AND REMOVE IT FROM THE CONTROL OF INTERNATIONAL PRIVATE ENTITIES WHOSE INTERESTS AND DIRECTIVES ARE PLACED ABOVE THE INTEREST OF CANADIANS AND THE PRIMACY OF THE CONSTITUTION OF CANADA

Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform) on December 12th, 2011 filed an action in Federal Court, to restore the use of the Bank of Canada to its original purpose, by exercising its public
statutory duty and responsibility. That purpose includes making interest free loans to municipal/provincial/federal governments for “human capital” expenditures (education, health, other social services) and /or infrastructure expenditures.
The action also constitutionally challenges the government’s fallacious accounting methods in its tabling of the budget by not calculating nor revealing the true and total revenues of the nation before transferring back “tax credits” to corporations and other taxpayers. The Plaintiffs state that since 1974 there has been a gradual but sure slide into the reality that the Bank of Canada and Canada’s monetary and financial policy are dictated by private foreign banks and financial interests contrary to the Bank of Canada Act. The Plaintiffs state that the Bank of International Settlements (BIS), the Financial Stability Forum (FSF) and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer
nations in their place which has now expanded to all nations in that these financial institutions largely succeed in over-riding governments and constitutional orders in countries such as Canada over which they exert financial control.
The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB) (successor of FSF), their minutes, their discussions and deliberations are secret and not available nor accountable to Parliament, the executive, nor the Canadian public notwithstanding that the Bank of Canada policies directly emanate from these meetings. These organizations are essentially private, foreign entities
controlling Canada’s banking system and socio-economic policies.
The Plaintiffs state that the defendants (officials) are unwittingly and /or wittingly, in varying degrees, knowledge and intent engaged in a conspiracy, along with the BIS, FSB, IMF to render impotent the Bank of Canada Act as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and bypass the sovereign rule of Canada through its Parliament by means of banking and financial systems.

For more information:
http://www.comer.org/content/COMER_CourtCaseFiling.pdf

The Case Against The Bank Of Canada:
http://www.pressfortruth.ca/video-reports/the-case-against-the-bank-of-canada/

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30 Comments

  • BA Marshall
    Reply

    Lawrence you’d ride on anybody’s coattails wouldn’t ya ..Im all for the Comer’s Org, but the guy asking questions with the hat is a CSIS informant/provocator and it’s a small wonder he’s in the middle of this.

  • KA3AXCTAH2030
    Reply

    As much as I despise central banking, I do not support this movement to nationalize the BofC. The issue is not who prints fiat currency – a private bank or the gov’t. The issue is the money printing and fiat currency in itself. Gov’t *will* spend all it can get. If the gov’t could borrow at a lower or no rate – they’ll simply borrow and spend more, putting us into a deeper debt hole.

  • moquiti
    Reply

    It’s been owned by the canadian taxpayers since 1938 & was created as a government-controlled central bank, so if doesn’t face “nationalization” — it always was national.

  • Crass Frazier
    Reply

    Inspiring, educational…good work Canada! We all need to run the banksters out of town! We can let them create their own little country…on the moon and then defund the space program…(^_^)

  • KA3AXCTAH2030
    Reply

    Yes, you are right, I misspoke and meant to say that “I do not support this case to reinstate the BofC”. The case does nothing to address the issues of fractional reserve banking and fiat currency; on the contrary, it supports money printing, and artificial 0% interest rates would only incentivize more borrowing and spending. At first I was excited that the banks are being confronted, but at a deeper look, even with all good intentions, this would do more harm than good.

  • Ray Falconer
    Reply

    I would agree to disagree…it means the the government would be at least 50% more willing to work for the people of our nation…then the the bank looters @ 110+%…

  • PATLARNAK212
    Reply

    THATS BECAUSE YOU D`ONT UNDERSTAND THE BANK OF CANADA “OLD SYSTEM“THEY WERE NO FREE RIDE FOR NO ONE,ITS WAS JUST NOT PAYING FOR THE USE OF YOUR OWN MONEY…

  • Velyna
    Reply

    I’m sorry to tell you but the Federal Reserve is a private bank and the money that America borrows from the Fed has interest attached to it. A lot of people think that the Fed is a government/nationalized bank, but it is in fact a private bank. So each dollar that the fed prints comes with debt already attached to it. Also the international monetary fund is also a private bank. Did you not watch the video even in the video the professor stated that the fed is a private bank.

  • KA3AXCTAH2030
    Reply

    The gov’t looters need to be restrained as much as (if not more) than the bank looters. What most people are missing here is that the gov’t today is working closely with the same banks to debase and to spend our money. Giving gov’t more power is hardly the solution here.

  • KA3AXCTAH2030
    Reply

    If by the “old system” you mean before 1933, sure, I’d love to move forward to that time, when you could go to a bank, give them your paper and get real money in return with no free rides to anyone. But this is not what this case is all about.

  • Ray Falconer
    Reply

    yes, they use the system to hide behind, that is the GL’s, but it makes sense to me, because it improves the peoples position with the GL’s.

    the gl’s do not get more power, if they did, they would be behind it.

  • BA Marshall
    Reply

    Just Google Greg Renauf and CSIS and thats his buddy by the way you remind me of jock stench? Or see what Occupy has too say about them, ~ all love to my new Bro..JS

  • rbaradoy
    Reply

    most likely it maybe be possible not at law but in equity. If we are in a private trust as humans with the queen in her private capacity. People are the grantors /beneficiaries (first time enforced in england (May 19, 1649) William and Mary were crowned together at Westminster Abbey on 11 April 1689 (for the public benefit now governed under an public indenture),

  • rbaradoy
    Reply

    post 2…our current Queen “royal trustee” formed a legal fiction called Canada which holds legal title with no equitable right… so yes you are suing a legal fiction, in order to enforce a legally recognized privilege (but you are hitting the leaves and have forgotten about the tree….

  • orangedac
    Reply

    We are just being put into a debt trap for nothing. Bank of Canada chairman is an ex-goldman sachs employee and is getting Canada in debt to his cronies.

  • orangedac
    Reply

    Watch the video “Canada’s Monetary System 1 of 6” on Youtube.

    Educate youself about how our Bank of Canada has been hijacked by private banking goons.

  • ALLfreedmen
    Reply

    Bank of Canada – OWNED by Queen Elizabeth ll

    Canada Inc. – is a REGISTERED PRIVATE CORP.-NOT a COUNTRY of the PEOPLE

    Do a RESEARCH

  • thomas b
    Reply

    why doesn’t someone start a petition with the explanation of canada’s monetary situation and i’m quite sure a lot of people would sign and then present it to the government?

  • propellergirl1
    Reply

    Wish the background music on this wasn’t there. Makes it difficult for the hard of hearing to discern between the music and whoever is speaking. It doesn’t need a musical soundtrack!

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