Canada's Debt and Banking System Explained

Have you ever wondered why Canada is in debt

Have you ever wondered why the government forces Canadians to pay so many taxes

Have you ever wondered why the bankers from the largest private banks are becoming

wealthier and the rest of us are not

Have you ever wondered why the gross national debt is over 800

billion or why we are spending 160 million

a day on the interest of the national debt

that's 60 billion a year Have you ever wondered who receives the 60 billion

What I have discovered is the banks and the government have colluded to financially

enslave the people of Canada I will share with you three important points

of reference which will hopefully spark enough interest and concern for you to

continue the research on your own and to engage your

government to stop this criminal act against the people of Canada

First we will briefly examine the Bank of Canada

Second we will see how our banking system works today And lastly I

will offer a viable solution that we can petition our

government to implement A very little known figure in Canadian

history is J O Gratimageer He was a lawyer

Member of Parliament and Mayor of Vancouver His contribution to Canada is

probably the greatest in our history He championed the creation of

the National Bank of Canada whose sole purpose is

to create and manage Canada's money

It was formed on July 3 1934 and owned by all Canadians

Until the 1970s because of the Bank of Canada

Canada's national debt was held at a constant manageable level until the

government decided to implement what we now have as our modern day banking system

that is robbing the Canadian people So how are they robbing us

Allow me to explain how our private banks and government work today

First the Canadian government borrows money from the private banks

They then lend the debt based money to Canada with compounded interest

The government then continues to increase taxation of Canadians year after year

in order to pay back the interest on the exponentially growing national debt What

results is inflation

less real money for Canadians to spend into our economy and the real money being

used to pad the pockets of the banks

Also the government gave the banks the ability to loan out money that doesn't exist

in the form of loans

When a bank gives you a

mortgage which literally means a debt pledge or a loan they don't

actually give you money They click a key on a computer and generate the fake money

out of thin air They don't

actually have it in their bank vaults Presently the

banks only have 4 billion on reserve

but they have loaned out over 1 5 trillion