Bank of Canada Lawsuit - "the lawsuit would require... Bank of Canada to return to its pre-1974 mandate and practice of lending interest-free money to federal, provincial, and municipal governments...

Bank of Canada Lawsuit - "the lawsuit would require... Bank of Canada to return to its pre-1974 mandate and practice of lending interest-free money to federal, provincial, and municipal governments... ( watershedsentinel.ca )

submitted 2016-01-14T08:00 by salvia_d

3 comments

TFP191 2016-01-16T01:25

Posted this to /v/Toronto thanks for posting here too!

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pray_the_gay_away 2016-01-15T13:29

Not that the evil bankers deserve interest on the peoples money, but knowing governments propensity for blowing cash, this will likely further weaken the Canadian currency. But the alternative is financial enslavement, so...

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zen_music 2016-01-14T10:18

If this could be managed, it would certainly set Canada apart from much of the rest of the world. Which would be a blessing, and also which would be unlikely to happen, IMO. Never mind how fair-minded Justin Trudeau may be. He doesn't operate in a vacuum, and I can't imagine the judges and legislators who have shares in the lending-for-interest banks ever saying, "No, the fair and correct procedure would be for me to stop making my $11.4 billion per year from now on."

Not holding my breath. But it would sure feel good if it happened.

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