Santa Claus and the Petro dollar

 

While we are all trying hard to be politically correct in extending good wishes to friends and neighbours  for the solstice season, it is actually those  flashing credit cards  that will portend our future.  It’s the economy.  It’s debt. It’s compound interest on the loans.  It’s the fact that compound interest on federal, provincial and personal debt is growing faster than the principal can be paid down.  It’s the fact that the Western world is tied to the Petro dollar and the Petro dollar is being downgraded faster than the Central banks can print the money.  It’s the fact that much of the other half of the world is working feverishly toward building their own banking systems based on gold. It’s the fact that we are in a fierce war with China and Russia for cyber dominance and occasionally try to pretend that it is actually Iran causing most of the trouble for the world while Israel cheers this idea on.  Israel is trying desperately to get the US to attack Iran.  Or Syria.  Or anybody who would suggest that they were mistreating the Palestinians.  Saudi Arabia knows for a fact that the US will not let them go to the dogs no matter how many journalists they chop up as the Petro dollar would wobble even faster and anyway, most of US Congress loves their Saudi money.  And Canada?  

 

Oh, Canada.  We are sinking under the tide of neoliberalism.  Justin Trudeau means well.  He is compassionate and tries hard.  But he is under the thumb of the Banksters of Wall Street and Brussels just as Greece is, just as Italy will be, just as Cypress was.  And working people in other countries who are all in the same clutches of the one percent and are seeing the truth of the matter and taking to the streets.  The yellow vests.   They are acting out the rage of the French people at their slow economic strangulation. But Canada could go a different way.  We could demand that our politicians cut us loose from the financial noose of the international banking system and give us back our own public bank.  It can be done.  A lot of knowledgeable people who have studied the matter think so.  We could do this.  Let’s learn more about how we could recapture our banking system and our sovereignty.  If we regained our own banking system our taxes would go down and prices would stabilize.  So would our currency.  I will be investigating and writing more about this in the New Year.  Next time and I wish you all a Merry Christmas.

The Treason of Pierre Trudeau

There isn’t a lot we can do about the yellow vests in France or the Brexit mess in England. But what about the US stock market volatility and the plunging Canadian dollar?  Can we Canadians have any effect on the direction of these financial entities?  Well, probably not much for the Canadian dollar at the moment as Canada has just arrested the CEO of Huawai which is the second or third largest telecom companies in the entire world.  The fact that the CEO and the company are Chinese and that this particular CEO (Meng Wanzhou), is also the daughter of the founder of the company and was arrested at the request of the US, is extremely problematic for Canada. China has vowed dire consequences for Canada if the CEO is not released immediately.

 

It seems however, that Meng Wanzhou is in the process of being extradited to the US.  However, Justin Trudeau’s government, recognising that Canada is but a vassal state of the US and really has no choice in the matter but to do as the Americans bid.  It was rather painful watching Justin Trudeau denying this is so.  And you know what?  I don’t like Canada being in the position of being a US vassal.  Because we don’t have to be.  And we wouldn’t be if Justin Trudeau would tell the international bankers that control our country as well as the US and Europe to go, well, you know, to hell.  We could do this if the son of Pierre would get off his kick of turning Canadian expenditures over to something he and his advisers just made up called the Canadian Investment Bank, which is just another name for more of the capitalistic privatization crap that we are all mucking about in.  Trudeau must be vigorously encouraged to take a good look at how his father destroyed our truly independent banking system by simply ignoring the Canadian Bank Act and turning to foreign economists under the spell of foreign international  private banks to tell him how to manage Canada’s finances. 

 

It was Pierre Trudeau who gave away our public Bank of Canada and turned it into a private banking system, whatever his motives were, his actions were highly successful.  Just the compound interest that has accrued since privatizing our public bank is gut wrenching.  Before becoming privatized, our public bank of Canada gave both federal and provincial governments loans with little or no interest.  The international private banks that took over charge exorbitant rates coupled with their very clever compound interest.  And this is ruining not only Canada but other countries caught under the Petro dollar and compound interest.  And what is so ironic, is this can be fixed so simply.

 

The group COMER has filed law suits to have what used to be our public bank reinstated as such. This law suit has enormous ramifications not only for Canada, but for other nations trying to get out from under the Petro dollar and international bankers. Google COMER and find out about this group’s efforts to restore Canada’s banking system to its former glory. It can be done. What happened in court?  A hint… we may all be wearing yellow vests before this is over with. Next time.