England is all set up to become a driving force in the world economy.....

DennisTate · Apr 24, 2024

LafayetteBis said: ↑

One line does not a story make ...
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I can finally elaborate on a plan that you might just find to be quite interesting......

This is biased towards the Canadian and American situation but if this gets started.....

this will shake up the thinking in Europe as well.

My plan to pay off the deficit at the rate of twenty billion dollars per month?

DennisTate said: ↑

Am I a blithering idiot to think that this could work?????

In my opinion.... An Unconditional but Taxable Basic Minimum Income to all forty one million Canadians of merely five hundred dollars per month........

that is put into the economy in essentially the same manner as the Bank of Canada policy of 1938 to 1974 should....... in my opinion...... PAY DOWN THE DEFICIT.......

AND SOON THE NATIONAL DEBT OF CANADA.....

AT THE RATE OF ABOUT TWENTY BILLION DOLLARS PER MONTH!!!!!

This idea is so simple that this may scare you!!!!!

Forty one million Canadian citizens and legal residents......
if they each receive FIVE HUNDRED DOLLARS CANADIAN......

CREATED IN THE MANNER THAT MS. BETTY KRAWCZYK RECOMMENTS......

[in a way that creates essentially zero COMPOUND INTEREST OWING OVER TIME]......

THEN AFTER this money turns over about three times in the economy......

it will be taxed back into the Treasury.......

and will begin to pay down... .first the Deficit and soon The national Debt of Canada??????

Essentially this same idea can work in the USA as well!

https://bettysearlyedition.blogspot.com/2015/07/how-pierre-trudeau-turned-us-into-debt.html

HOW PIERRE TRUDEAU TURNED US INTO DEBT SLAVES
Click on the link above to watch Part 3 of my video series on the Canadian Banking System. Please also read accompanying text below.
Trudeaumania was just gearing up when I immigrated to Canada in late 1966. I, too, was impressed with Trudeau. He was intelligent, articulate, with liberal ideas. And as Prime Minister, Trudeau repatriated the Canadian Constitution and told the morals’ police to stay out of people’s bedrooms. But then…but then. As Anthony’s famous speech in Shakespeare’s play Julius Caesar reminds us… “the evil that men do live after them while the good is often interred with their bones. So let it be with Caesar.”

But somehow this worked backward for Trudeau. Many Canadians still think highly of Pierre Trudeau, but in 1974 he did one terrible thing that changed the lives, for present and future, of all Canadians, for the worse. Trudeau gave the leading operations of the Bank of Canada over to the private banks operating in Canada.

The Bank of Canada was first established by Prime Minister Richard Bennet in 1935 as a private central bank, but was then nationalized by William Lyon Mackenzie King in 1938. By nationalizing the bank, Mackenzie King meant for it to belong to the people so the Canadian government could borrow funds with little or no interest for capital expenditures. The mandate of the newly nationalized Bank of Canada was to act as the banker to the government and to manage the public debt. As Mackenzie King famously said: “Once a nation parts with the control of their currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”

So the Bank of Canada was nationalized in 1938 and the government could now borrow money with little or no interest. And it worked. The Canadian government built freeways, public transportation systems, subway line, airports, the St. Lawrence Seaway and funded a national health care system and the Canada Pension Plan. But then Trudeau, under the influence of the international financial group called Basel’s
Committee’s Recommendations (The Basel Committee on Banking Supervision) made the decision to halt the borrowing of money from the Bank of Canada, and instead, chose to borrow from the private banks who instead of lending to the government at no interest, or low interest, introduced higher interest rates along with compound interest.

All banks know very well the magic of compound interest. And Pierre Trudeau must have known that the mounting compounded national debt would lead to Canadians eventually owing a dollar fifty for every dollar of their disposable incomes. After all, he studied economics at the London School of Economics. Surely the professors there knew about compound interest.

So Pierre Trudeau, instead of feeling blessed that Canada, unlike the US, had a nationalized central bank, signed our bank away to the private banks. Couldn’t Trudeau, such an educated man, surmise that citizens in a few years would be struggling to make car payments and meet rent and mortgages and student loans and to buy healthy food while last year’s profits for the big five (that’s Royal Bank, TD Bank, Scotiabank, Bank of Montreal and CIBC amounted to $31.7 billion?) If he did, he didn’t care. But it doesn’t have to be this way. It really doesn’t. Our Bank of
Canada is still there. Next time." (Ms. Betty Krawczyk)
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England is all set up to become a driving force in the world economy.....

Is England all set up to rival Hollywood?

No

Yes

This is worthy of consideration under our present set of circumstances.

DennisTate Well-Known Member Past Donor

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England is all set up to become a driving force in the world economy.....

Is England all set up to rival Hollywood?

No

Yes

This is worthy of consideration under our present set of circumstances.

DennisTate Well-Known Member Past Donor

Share This Page

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