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.
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.
