"Any
country that doesn't control its own money supply is neither sovereign nor
democratic"
--Paul Hellyer
Having implemented The Sovereignty Loan Plan, through the deployment of
all but interest free loans to the provinces and municipalities via The
Bank of Canada, we now see clearly that chartered banks ought not
be allowed to create money to make:
loans to federal governments at interest. This is a gift the
banks did nothing to earn! Worse: when banks lend newly-created money
to governments they are guaranteed that the government will tax
the people in order to repay both principle and interest. Isn't that
unconstitutional?
loans to foreign governments.
loans for the purchase of stocks and bonds on margin.
certainly not be allowed to engage in speculation in bonds
and derivatives!
About Reserve Ratios
Revise
the Bank of Canada Act to ensure private bank reserve
ratios be reinstated, at a ratio as determined by the government or by the
Bank of Canada on its behalf. The 'zero reserve' ratio is unworkable, as
is likely the 100% reserve ratio, but a reasonable compromise could be
worked out.
However, attempts to reform national banking policies
will invariably conflict with the agendas of international banks and their
associate agencies, which will bring international pressure to bear upon
Canada not to make changes such as those suggested in steps 2 and
3. How should these presssures be handled?
