Who Made the Decision to sell off all of Canada’s Gold?

Who Made the Decision to sell off all of Canada’s Gold? 

Okay, I know we are all getting worn out trying just to stay sane with all the shut-downs and trying to keep our loved ones safe, and wondering how our Prime Minister could have made such a ghastly mistake as not to recuse himself (and his family) from the WE Charity scandal.  Where were his advisers?  And all this with the economy down on both knees so to speak.  In my opinion, when this Covid-19 is over, and it will get over, there is going to be a real struggle for a new economic way of dividing up a country’s wealth.

Women have seen their governments for many decades send their men to fight in distant places and are now joining the military themselves, but they are not benefiting from the nation's wealth. The only thing straight up and down about capitalism is that it is truly great for making the rich richer and spreading poverty among the rest of us. How to change this?

 

I think we have to start where we live. We have to learn more about Canada, not from history books or even from what government tells us but from our own interest and need to know.  It’s work.  It’s hard work.  But we have to do it if we are not only going to survive as a nation, but prosper. I am very curious about what has happened to Canada’s treasury gold.

As I’ve discussed before, in 1965 our treasury held I,023 tonnes of gold. That’s tonnes, not ounces, like the 77 ounces that our treasury holds today which for a rich country is nothing. The first step in trying to find out who made the decision to sell off all the gold in our Canadian Treasury is to ask questions. 

So who operates the Canadian treasury? From the Canadian government website one seems to first have to access the Treasury Board of Canada Secretariat site that explains the Board “provides advice and makes recommendations to the Treasury Board”.  Okay, fair enough.  Who sits on this board?  The site only lists two people, The Chair Jean Yves Duclos and Vice-Chair Joyce Murray for 2019.  The year before the positions were reversed; Murray was the Chair and Yves-Duclos was the Vice-Chair.  Who appointed these two people to sit on this board?  Are there only two people on such an important board? There is a president, and this person also chairs the Treasury Board itself with a clearly defined duty, with the website stating “The president carries out the responsibility for the management of the government”.

Well, that’s one heck of a responsibility.  But there is no name attached to this awesome responsibility.  Why don’t we know more about this person?  Who appointed him or her? What I think we need to know is when did the Canadian government start selling off the tonnes of gold in the treasury it held in the 1960s. And where did that money go? And why does it matter?  Next time.