Tuesday, 4 October 2011

Democratic Control of the Money Supply

Governments, and in particular the US Government should again have the right to issue their own currency to fund budget deficits, without having to borrow that currency from the private bankers at interest.  The vast majority of our taxes go towards paying the interest on the debt to private financiers, not into useful infrastructure and services.  The volume of money in circulation should be controlled democratically for the common good, not by banking oligarchs whose corruptions of the financial world have proven reckless and downright destructive of the real economy.

There is no great secret to boom and bust years in an economy, assuming productivity is a constant, the economy can be made to thrive or to wither simply through the regulation of how much money is issued into it and the manner of its issuance.  Control of the money supply is the number one means by which the people of the world are enslaved or liberated.

Canada's national health system was built at a time when the government was able to issue it's own currency virtually debt free through the Bank of Canada.  We lost that ability when we joined the G7 (the Globalists) in the 1970's.  Ever since our country's national debt to the private banking system has ballooned through the magic of compound interest.  With a reform to reinstate this sovereign right to issue our own currency we could wipe out our national debt overnight and make our hard earned tax money go much, much further.

But this change could not be effected by one country alone, for the  forces of financial  and even physical warfare would be waged against any one of what is now the G20 that stepped out of line.  That is why our actions must be globally synchronized and all nations should move forward in solidarity as one on this vital and empowering reform.

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