Starving the People in Order to Feed the Banks
Global Research News Hour Radio: Episode 7
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“What is this? This is nonsense! This is an unconstitutional use of the Bank of Canada and it also breaches the terms for which it was set up. The other dimension is, why do we have foreign private interests dictating to the Bank what the interest rate policy, the currency policies and everything else is going to be? And it’s not as if these people are brilliant. They’ve literally caused the collapse of the financial system in the G20 countries! The Federal Reserve, it’s just come out on the audit, printed $16 trillion to save their banks. Our government has put in over a hundred billion in buoying our banks.
So why are we doing this at public expense? And letting the Bank of Canada wither down to nothing, except interest rate policy trying to keep interest rates between 1% and 3%? That’s all they do now!
It’s abdicating your duty under the Bank of Canada Act to govern with respect to these issues.”
-Canadian Constitutional Lawyer Rocco Galati, Dec 5, 2012
