Says 390 – The Canadian Banking System

<quote> New Money – Both chartered banks and the BOC have a legal right to print new money without specific reason. The BOC has held the ability to print new money since its inception; however, chartered banks did not always have this right. Prior to the leadership of Canada’s 18th Prime Minister, Brian Mulroney, from 1984 to 1993, all banks in Canada were required to maintain at least an 8% reserve. This allowed the banks to lend out the same money approximately 12 times over. Mulroney dropped the required reserve rate to 0%. Thus, banks are able to lend out any amount of money, whether they have something in the way of reserves to back it or not. Though the BOC (Bank of Canada) is the only institution that can literally print money, chartered banks can create money by entering it into a ledger when they issue a loan. <end quote>

**********************************    My Comment   ****************************************

When the bank loans you money for a personal loan, it doesn’t have to have any reserve money of its own. When a bank lends you money for a Mortgage, it also doesn’t have any money. BUT… when you default on your payment, the bank can foreclose and take your home. thereby gaining your assets (theft). It can also turn around and sell it and make hundreds of thousands of dollars, all…. without investing a single dime… The same thing goes for any item you purchase on credit or any loan.

When you default on a personal loan. the banks don’t lose any money and after a while, they sell your loan to a collection agency for $.10 on the $1.00, who in turn try to go after you for the full amount… Credit cards companies don’t lose money if a person defaults on their payments as they are just a transfer agency. The Banks own the cards and charge 18% + interest, and again, they don’t have to have any money to back the money they use to pay your debts.

The banking system, and I’m not just talking Canadian, I mean any banking system is parasitic in nature, it produces money from nothing and only takes hard earned money from those who toil to earn a living. Politicians know this and are in on the scam as are big business and wealthy individuals, and don’t forget religious organizations.

Food for thought, or not.  – Shenreed.





Says 146 – How the Government controls you

birth certificateMarch 21 Thursday When you were born, the corporate entity known as the government was already formed and was being run by the elected politicians and bureaucrats who gave themselves the power to create government laws, rules and regulations that were supposedly for the benefit of the people. Your parents, being good citizens, believed the manmade law that required them to register your birth. The government then issued you (through your parents) a birth certificate that was then used to identify your sovereign being. They then used your given name to create a fictitious identity of you that they could then use to control you and what you did. death certificateEven when you die your family needs to report your death and you (who are no longer living) are then issued at death certificate, terminating your involvement with the government corporation. As you can see, neither birth or death certificates give you any choice in the matter, you are either too young to understand what is going on, or dead and unable to respond.

I am free - NOTBesides having to register all newborn humans, the government is now having blood and DNA samples taken, as well as footprints, to enable them to physically identify the actual physical being in the future. When you started school, you first learned to print your name in CAPITAL letters. This is important as it imprinted and programmed you to accept your name printed in CAPITAL Letters on documents as being you. Later when you left school to get a job and earn money, you needed to register with the government to get a social insurance number (SIN) which the government then uses to collect taxes from you when you earned money. When you got your driver’s license, you needed to register with the government. If you bought a vehicle, that too needed to be registered and you also needed to get it insured. When you got health insurance, you needed to be registered. Of course each time you registered or got a license, it cost you MONEY. If you decided to get a bank account, credit card, or loan, you needed to register with the bank. Of course that also costs money. If you buy a house, you need to register your title with various levels of government, more money and if you got a mortgage, you also paid interest on that loan. If you start a business, you need to register with the government, more money. Anytime that you register with any form of government, or any one of their agents, your name will always be printed in CAPITAL letters, and not the way you normally write or print it. They have stolen your name to create a fictitious corporate identity of your sovereign physical being in order to have you work and pay interest on a debt you didn’t have. Not only that, your birth certificate also has a hidden agenda in that the identification numbers that were issued in your name is used as collateral on the stock exchange to allow the government to incur debt on your behalf. That is the hidden truth that the government doesn’t want you to know, it’s their dirty little secret.

moneyOne thing to note is that the physical money in circulation is created, printed and owned by the government, but any money in the form of interest is created, collected and owned by the financial institutions and the banks. And you guessed it, there is a whole lot more borrowed money in circulation than real hard cash. Also of note is that while cash currency is considered legal tender, it has no real value, as it’s not based on anything commodity of value like gold or silver, but is simply a promissory note issues by the bank that is an agent for the government. While the government owns the hard cash, it borrows also money and pays interest for this cash. While the government controls the physical currency, there is nothing of value to back it up except you and your ability and willingness to pay for debt and interest you didn’t incur. Another thing is that when you pay your income taxes at the end of the year, you make your check out to (in Canada) the Receiver General, believing that the money is going to the government. This money actually goes to the Revenue Canada Agency which is not an actual department within the government of Canada, but is a private financial Corporation much like the IRS in the USS, that collects tax and interest money from the REGISTERED taxpayers and then loans money to the government and receives interest payment on that debt. As you can see, this system is flawed and democracy is a sham.