Bank of Canada?????????????

darkbeaver

darkbeaver

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Jan 26, 2006
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COURT SEAL
Court File No.:T-2010-11
FEDERAL COURT
B E T W E E N:
COMMITTEE FOR MONETARY AND ECONOMIC REFORM (“COMER”),
WILLIAM KREHM, AND ANN EMMETT
Plaintiffs
- and -
HER MAJESTY THE QUEEN, THE MINISTER OF FINANCE,
THE MINISTER OF NATIONAL REVENUE, THE BANK OF CANADA,
THE ATTORNEY GENERAL OF CANADA
Defendants
STATEMENT OF CLAIM
(Pursuant to s.17 (1) and (5)(b) Federal Courts Act,
and s.24(1) and 52 of the Constitution Act, 1982)
(Filed this 12th day of December, 2011)
TO THE DEFENDANT:
A LEGAL PROCEEDING HAS BEEN COMMENCED AGAINST YOU by the
Applicant. The claim made against you is set out in the following pages.
IF YOU WISH TO DEFEND THIS PROCEEDING, you or a solicitor acting for you are
required to prepare a statement of defence in Form 171B prescribed by the Federal Courts
Rules, serve it on the applicant’s solicitor or, where the applicant does not have a solicitor,
serve it on the applicant, and file it, with proof of service, at a local office of this Court,
WITHIN 30 DAYS after this statement of claim is served on you, if you are served within
Canada.
Copies of the Federal Courts Rules, information concerning the local offices of the Court
and other necessary information may be obtained on request to the Administrator of this
Court at Ottawa (telephone 613-992-4238) or at any local office.
2

IF YOU FAIL TO DEFEND THIS PROCEEDING, judgment may be given against you
in your absence and without further notice to you.
Date: December 12th, 2011 Issued by:
Address of local office:
Federal Court of Canada
180 Queen Street West, Suite 200
Toronto, Ontario M5V 3L6
TO: Department of Justice
Ontario Regional Office
First Canadian Place
The Exchange Tower
130 King Street West
Suite 3400, Box 36
Toronto, Ontario
M5X 1K6
AND TO: Bank of Canada
234 Wellington St.
Ottawa, Ontario
K1A

18. The Bank may
…
(i) make loans or advances for periods not exceeding six
months to the Government of Canada or the government of a
province on taking security in readily marketable securities
issued or guaranteed by Canada or any province;
(j) make loans to the Government of Canada or the
government of any province, but such loans outstanding at
any one time shall not, in the case of the Government of
Canada, exceed one-third of the estimated revenue of the
Government of Canada for its fiscal year, and shall not, in the
case of a provincial government, exceed one-fourth of that
government's estimated revenue for its fiscal year, and such
loans shall be repaid before the end of the first quarter after
the end of the fiscal year of the government that has
contracted the loan;
4
B/ and further that the refusal to request and make (interest free)
loans under s. 18(i) and (j) of the Bank of Canada Act has
resulted in negative and destructive impact on Canadians by
the disintegration of Canada’s economy, its financial
institutions, increase in public debt, decrease in social
services, as well as a widening gap between rich and poor
with an continuing disappearance of the middle class;
iii) that s. 18(m) of the Bank of Canada Act, and its administration and
operation, is unconstitutional and of no force and effect, in
Parliament and the government, including the Defendant Minister of
Finance, abdicating their duty to govern, and insofar, as monetary,
currency and financial policies, per se, are concerned, and in turn as
they effect socio-economic governance, have abdicated their
constitutional duty(ies)and handed them over to those international,
private entities, whose interests, and directives, are placed above the
interests of Canadians, and the primacy of the Constitution of
Canada, not only with respect to its specific provisions, but also with
respect to the underlying constitutional imperatives, and which
provision reads:
(m) open accounts in a central bank in any other country or in
the Bank for International Settlements, accept deposits from
central banks in other countries, the Bank for International
Settlements, the International Monetary Fund, the
International Bank for Reconstruction and Development and
any other official international financial organization, act as
agent or mandatary, or depository or correspondent for any of
those banks or organizations, and pay interest on any of those
deposits;

http://www.comer.org/content/COMER_CourtCaseFiling.pdf


COURT CASE PROCEEDS Two individual Canadians and COMER confront the global financial powers in the Canadian federal court.
Press Release (pdf) • Court Filing (pdf)
 
darkbeaver

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
L Gilbert said:
Cool! I wonder if anything will come of it or if the gov't runs around the bush till everyone loses interest.
Click to expand...


The long and the short of it Gilbert is that Canada, in fact, has no free independent government. That function was sold to the private international banking in 1974. It is very much a war between citizen selected governments and corporate bought flunkies of money on this planet. I hope the banks bleed to death in the streets and their revolting carcases are left to whatever form of rubbish disposal nature demands.
 
L Gilbert

L Gilbert

Winterized
Nov 30, 2006
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50 acres in Kootenays BC
the-brights.net
darkbeaver said:
The long and the short of it Gilbert is that Canada, in fact, has no free independent government. That function was sold to the private international banking in 1974. It is very much a war between citizen selected governments and corporate bought flunkies of money on this planet. I hope the banks bleed to death in the streets and their revolting carcases are left to whatever form of rubbish disposal nature demands.
Click to expand...
Well, yeah. Crony capitalism has been around for quite a while.
 
CDNBear

CDNBear

Custom Troll
Sep 24, 2006
43,839
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Ontario
I don't understand why you rail against the banks so much.

Are they not the body, by which your trust fund is generated?
 
darkbeaver

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
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http://members.shaw.ca/theultimatescam/The%20Bank%20of%20Canada.htmMost Canadians are aware of the existence of the Bank of Canada (BoC) but beyond that, very few know little more. It is assumed that the BoC is owned by the federal government, i.e. a public asset. Under Section 3(2) of The Bank of Canada Act, the BoC is described as a “body corporate”. Black’s Law dictionary, 6th edition (page 175) defines a body corporate as “a public or private corporation”. In a recent communication received from the BoC, a representative stated that the BoC “is not a public corporation.” The BoC is, therefore, a private corporation! But who owns it?
The Bank is made up of a Governor, Deputy Governor and twelve directors. The directors are chosen by the Minister of Finance with the approval of the Governor in Council and the twelve directors are responsible for the appointment of a Governor and Deputy Governor with the approval of the Governor in Council. The Deputy Minister of Finance is a member of the board but he has no vote!! There is no provision in the BoC Act for the appointment of elected representatives to the board of the Bank. (I think it is safe to assume from this set-up that the duly elected Parliament has no say in the policies and operations of the BoC). The capital of the bank is divided into one hundred thousand shares with a par value of $50.00 each. (Section 17.1 and 17.2) and the shares are held by the Minister on behalf of Her Majesty in right of Canada! (Section 17.3 of the BoC Act.) It would seem that the BoC is owned by the Queen, a foreign head of state and not owned by the Government of Canada. (This fact was also confirmed by an official of the BoC) It is certainly clear however, that the Federal Parliament and the people of Canada do not own it or benefit from its activities.
So what was the purpose behind the creation of the Bank of Canada? The answer to this can be found in the preamble to the BoC Act. It states “Whereas it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices, and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada.” Very noble, but has the BoC lived up to its principles? You decide.
Under Section 18(h), (i) and (j) of the BoC Act “Business and Powers of the Bank”, the Bank may make loans or advances to the Federal or Provincial levels of government. These loans can be for any amount, be secured or unsecured and the Bank is free to charge whatever rate of interest it chooses – presumably even a zero rate of interest. There are a number of restrictions, which apply to these loans, a very few of which have been made in the past. BoC correspondence indicates the Bank has made 19 loan advances to the Federal government and one loan to a Province in the past (3 million dollars to Saskatchewan in 1936). The last loan was made in 1961. BoC correspondence states “it is not the bank’s role to be a source of financing for governments nor a source of financing government deficits.” This would seem to contradict the Bank’s primary purpose as expressed in the preamble and renders Section 18 (h), (i) and (j) as redundant. So why does the BoC act this way? To better understand the actions of the BoC, people need to understand how the existing private debt money system works.
The Bank of Canada began as a privately owned institution and at the time of its inception (1934), Alberta was in the midst of a revolution of sorts. A small group of people came to understand the origin of recessions and depressions and the corruption of bankers and were moving with plans to control the vitriolic policies of these same bankers. Big finance moved to have itself established as a central bank in Canada through the passage of the BoC Act, giving it exclusive authority over the money supply of this country. (This was and still is in contempt of our so-called constitution, Section 91.14 and 91.15.) It didn’t take long for people everywhere, especially Alberta to recognize this same group of unscrupulous individuals (bankers) as the ones behind the passage of the BoC Act. The depression was to continue unabated through the twenties and early thirties, but Alberta was determined to get control of what it believed was the ultimate social responsibility of a government – to provide a mechanism of debt free money creation as a means for the people to live and prosper without having the private banks stealing our wealth through usury, the wealth of those who create it in the first place, YOU!. The Alberta Credit House Act – An Act to provide the people of Alberta with additional credit, was passed and led to the setting up of a number of Treasury Branches throughout the Province. (This law has never been disavowed by any government in Ottawa.) Alberta acted according to the terms of the laws of 1867 (our Constitution), which allowed the provincial legislatures to “borrow money on the sole credit of the Province”. That is to say, upon the real wealth of the province, which means that there is no doubt that there is actually a provincial credit. And the Province can certainly establish its own mechanism to use this credit directly, without mortgaging its wealth or going into debt to individuals or corporations like the private banks.
The BoC responded by changing its shares from class shares to completely benign shares and depositing them with the Minster of Finance in exchange for a sum of tax dollars ($5 million). This idea gave the illusion that the bank was now owned and controlled by the government. So how could a privately owned corporation, with the power to bring a government and a country to its knees within hours, be taken over without as much as a whimper? Could it be that the Bank of Canada preferred to appear that it had been taken over (nationalized) while it maintained its independence and powers? Unfortunately, with the start of the Second World War, the Province of Alberta suspended implementation of their credit plan and it was ultimately abandoned.
Well, those who knew and understood the bankers and how their monetary policies and system operated weren’t fooled. Hundreds of pages of evidence was brought before a Standing Committee in 1939 which showed clearly how deeply indebted the Provinces were to the private banks as a result of the depression and the monetary policies in effect at that time. (The first Governor, Graham Towers was also present at these hearings to answer questions as well.) Provinces had been seeking loans from the BoC but were being denied and forced to borrow from the private banks and abroad. The reason finally given for the BoC’s unwillingness to lend to the provinces was that the provinces were not willing to enter into an arrangement with the BoC similar to that of the arrangement the BoC had with the federal government. This arrangement gave the BoC the lofty position of being the government’s fiscal agent. Only the BoC sells government securities - bonds and T-bills. The BoC also "sells" notes at face value to financial institutions for circulation throughout the country. If the Bank of Canada wants a tight monetary policy, the Bank of Canada can limit the amount of money the government can borrow by decreasing the number of securities it sells. The BoC uses other measures to tighten the money supply as well, such as increasing the interest rates and making it more difficult for borrowers to borrow money. Through these actions, a recession is born. The effect is the government receives less in taxes at every level and, of course, the demand for government assistance rises. To compound the problem, the government has no ability to refuse the high interest rates the BoC imposes on it and the taxpayers. The government has no ability to circumvent the decisions of the BoC. All revenue to the government flows through the Receiver General, who happens to be a servant of the BoC and not the government.
The Bank of Canada appears to have other controls over government. While reading the evidence of the Standing Committee on Banking and Finance held in 1939 and Hansard, members of the committee raised the issue of the bank’s control over spending decisions of the government. There was reference to questions by low-profile backbenchers of the House of Commons about why this was so. Or, why any other policy was not being carried out even though it would greatly assist the economy. The response in the House of Commons would indicate that, although the government wished to proceed, the money was not available because of decisions made outside of government! This was confirmed many years later when the governor of the BoC told the government on more than one occasion that Canada was in no position to kick-start the economy. (As if the government could have done it without the blessing of the BoC.)
During the Standing Committee on Banking and Finance in 1939, Graham Towers admitted the only thing that would limit Canada’s involvement in the war was manpower. Money would not be a problem! Yet the Bank of Canada refused to put out money for any job creation, infrastructure expansion, or aid for the poor, the old, the sick, the unemployed, the farmers, small business or any other policy suggestions that had been put forth by the federal or provincial governments.
The reality is that the federal government can’t by pen and paper without the permission of the Bank of Canada, and all money the public considers “waste” is willingly and culpably paid out by the Bank of Canada. When Canada is in a recession (created by the BoC), the Bank of Canada will do nothing to help the country out of it until it considers the timing to be right and the solutions offered are usually a further detriment to the economy over the long run for most of us except those on the “inner circle” who really know what is going on and can profit from it.
Canadian banks and Credit Unions are now controlled by both the Bank of Canada and the Bank of International Settlements (BIS) as well. Located in Switzerland, the BIS holds deposits (i.e. they control) of about 120 central banks and other international financial institutions throughout the world, including the Bank of Canada. In other words, the BIS financially controls the globe. It has direct influence over the direction of the economy of every country and, indeed, the world through its banking and monetary policies.
The weapon that all banks have is the power to withhold loans, thus driving an economy into the ground in a hurry. Personal and corporate bankruptcies, lost jobs, disintegrating social programs and other unpleasant consequences are a direct result of these policies. There is no government that can afford to offend its central bank. The Bank of Canada will do what it wants to do, and what the BIS wants it to do. No amount of pressure from anyone will influence it in any way.
A quote from a 1924 edition of the American Banker's Association not intended for the public sums up what is currently happening all around us:
"Capital must protect itself in every possible way, both by combination and legislation. Debts must be collected, mortgages foreclosed as rapidly as possible. When, through the process of law, the common people lose their homes, they will become more docile and more easily governed through the strong arm of government applied by a central power of wealth under leading financiers. These truths are well known among our principal men who are now engaged in forming an imperialism to govern the world. By dividing the voter through the political party system, we can get them to expend their energies in fighting for questions of no importance. It is thus by discreet action we can secure for ourselves that which has been so well planned and so successfully accomplished."
The bottom line is that our present situation will not improve, ever, until we have significant reform to our banking and monetary policies. What has happened in this country is a result of lack of knowledge as to how we are being shafted by the present system and it must be changed. We must all make the effort to educate ourselves and our family, friends and neighbours as to the truth behind the financial demise we face today. Again, this is the purpose of this website, to inform and educate. Please take time to read through and understand how we are being robbed under the present system and how we can change it for the benefit of all Canadians.
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MHz

MHz

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Mar 16, 2007
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As much as the Bank of England belongs to England. Martin was even our finance minister, it's embarrassing to watch him stutter endlessly lol
 
T

The Old Medic

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May 16, 2010
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Your opinion of the Queen, and your opinion as to whether or not you "recognize her athority" have about as much meaning as used toilet paper!

This lawsuit will get nowhere. It has no real basis, other than the paranoid thoughts of people like "darkbeaver". He (and they) are conspiracy nut jobs, who can not see reality in any way shape or form.

He actually thinks that his opinion is binding on the government. Now THAT is classic P A R A N O I A.
 
taxslave

taxslave

Hall of Fame Member
Nov 25, 2008
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MHz said:
She still doesn't get one penny of the $34B we pay to banks 'over there' in yearly interest fees.
Click to expand...

Don't bet the bank on that. Queenie has lots of investments outside of stealing from taxpayers. Some are undoubtedly in bank stocks.

The Old Medic said:
Your opinion of the Queen, and your opinion as to whether or not you "recognize her athority" have about as much meaning as used toilet paper!

This lawsuit will get nowhere. It has no real basis, other than the paranoid thoughts of people like "darkbeaver". He (and they) are conspiracy nut jobs, who can not see reality in any way shape or form.

He actually thinks that his opinion is binding on the government. Now THAT is classic P A R A N O I A.
Click to expand...
Works for natives and some eco groups when they don't like a law.
I know this lawsuit will get nowhere other than get some lawyer's name in the press but it is funny.
 
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