THE CRIME OF THE CANADIAN BANKING
SYSTEM: Bill Abram (part 1) Over the past 4
years, the Canadian people have paid $137.4 billion in interest on
money borrowed from private banks whereas the Bank of Canada could
legally print the public's money into existence rather than
borrowing it at interest. "They've paid out this huge sum because
our government has failed to abide by the law." Abram, a retired
high school teacher and activist on Vancouver Island, B.C.,
explicates the trick of fractional reserve banking. 10mins -
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CANADA'S GREAT EXPERIMENT:
1935-1974 - THE CRIME OF THE CANADIAN BANKING SYSTEM
(part 2) For nearly 40 years, Canada - the people of
Canada - had control of their own currency! Imagine! They founded
their own bank and issued their own currency with no debt
obligations to banks. Taxes were low and debt was too. They got
themselves out of the depression that had been induced by the
international banking cartel in 1929. By 1934, through the driving
force of one man -- Gerald Grattan McGeer, Mayor of Vancouver, B.C.
-- Canada founded the Bank of Canada and they were on their way to
debt-free recovery. Problem was, the Canadians, busy building their
own country, didn't think about, weren't taught about, didn't fully
know about what they had -- and they lost it to the banking cartel
in 1974. A Bilderberg-banker plan to take it away from them and mire
them back in deep debt, forcing them to sell off and privatize
everything they'd accomplished in those healthy four decades.
Canada's Great Experiment was over. But all isn't lost. The
structure is still there and so is the Bank of Canada. Bill Abram
tells the story, also, of Nobel-prize winner Mohammad Yunus's bank,
which demonstrates "poverty is not caused by poor people; poverty is
caused by the system." Hocus pocus malthusianism as practiced by the
Bilderbergers and their minions is exposed by Yunus and Abram.
10mins -
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GERALD GRATTAN McGEER: Bill Abram
(part 3)
Bill Abram remembers Gerald Grattan McGeer, a crusading labor lawyer
representing the Vancouver Trades & Labour Council (Canada) who got
a chance to interrogate and lecture the vaunted Lord MacMillan
Banking Commission, sent over from England in depression years to
fix things up. McGeer, who had done his homework, got bankers Graham
Towers to admit, "If Parliament wants to change the form of
operating the banking system, then certainly that is within the
power of Parliament. So they did. Usury-free money for nearly 20
years: a nearly debt-free era of investment in the Commons, and the
people of Canada.
9mins -
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