Bank of Canada Court Challenge

12/21/2011 Two Canadians and a Canadian economic think tank confront the global financial powers in the Canadian Federal Court. The Canadians plead for declarations that would 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 places 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 nor 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 ...

View Count: 1 Date: December 29, 2011