Bank of Canada Challenged in Legal Action: "Restore the Use of the Bank of Canada for Canadians" - Global Financial Powers Confronted

Source: Global Research

Bank of Canada Challenged in Legal Action: "Restore the Use of the Bank of Canada for Canadians"

PRESS RELEASE: TORONTO, ONTARIO, CANADA - DECEMBER 19, 2011

ECONOMIC THINK TANK CONFRONTS THE GLOBAL FINANCIAL POWERS IN CANADIAN FEDERAL COURT

RESTORE THE USE OF THE BANK OF CANADA FOR THE BENEFIT OF CANADIANS AND REMOVE IT FROM THE CONTROL OF INTERNATIONAL PRIVATE ENTITIES WHOSE INTERESTS AND DIRECTIVES ARE PLACED ABOVE THE INTEREST OF CANADIANS AND THE PRIMACY OF THE CONSTITUTION OF CANADA

Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform) on December 12th, 2011, filed an action in Federal Court, to restore the use of the Bank of Canada to its original purpose, by exercising its public statutory duty and responsibility. That purpose includes making interest-free loans to municipal/provincial/federal governments for “human capital” expenditures (education, health, other social services) and/or infrastructure expenditures.

The action also constitutionally challenges the government’s fallacious accounting methods in its tabling of the budget by not calculating or revealing the true and total revenues of the nation before transferring back “tax credits” to corporations and other taxpayers.

The Plaintiffs state that, since 1974, there has been a gradual but sure slide into the reality that the Bank of Canada and Canada’s monetary and financial policy are dictated by private foreign banks and financial interests, contrary to the Bank of Canada Act.

The Plaintiffs state that the Bank for International Settlements (BIS), the Financial Stability Forum (FSF), and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer nations in their place. This policy has now expanded to all nations, in that these financial institutions largely succeed in overriding governments and constitutional orders in countries such as Canada, over which they exert financial control.

The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB – successor of FSF), their minutes, their discussions and deliberations, are secret and not available or accountable to Parliament, the executive, or the Canadian public – notwithstanding that Bank of Canada policies directly emanate from these meetings. These organizations are essentially private, foreign entities controlling Canada’s banking system and socioeconomic policies.

The Plaintiffs state that the defendants (officials) are unwittingly and/or wittingly, in varying degrees, knowledge, and intent, engaged in a conspiracy – along with the BIS, FSB, and IMF – to render impotent the Bank of Canada Act, as well as Canadian sovereignty over financial, monetary, and socioeconomic policy, and bypass the sovereign rule of Canada through its Parliament, by means of banking and financial systems.

A press conference will be held on Wednesday, December 21st, 2011 at 10:00 a.m. to answer any questions the media may have of the Plaintiffs at: 637 College Street, Suite 203, Toronto, Ontario.

Constitutional Lawyer Rocco Galati: Restore The Use Of The Bank Of Canada Lawsuit Press Conference



THE CRIME OF THE CANADIAN BANKING SYSTEM: Bill Abram

Gerry McGeer (1888-1947): Mayor of Vancouver 1935-6 & 1947; B.C. provincial MLA; Canadian federal MP and Senator

Vancouver City Hall cornerstone laying ceremonies with Mayor Gerald Grattan McGeer (1936)

See also:

Ending the Private Debt-Based Monetary System - Gerry McGeer - Monetary Reform - Enslavement by Feudalists - Monetary Option: Commodity-Free Tender