Member of Parliament Mr. Dan Muys, I voted for him in the last election.

Can the 1974 "ERROR" by P. M. Pierre E. Trudeau be looked at as SAVINGS FOR THE FUTURE?

  • No

    Votes: 0 0.0%
  • Yes

    Votes: 0 0.0%
  • Maybe, but that would mean that the Neo-Malthusians are partly correct?!

    Votes: 1 100.0%

  • Total voters
    1

DennisPTate

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I voted for Member of Parliament Mr. Dan Muys in Canada's last federal election but once I saw the results I knew that I would need to join the New Democratic Party of Canada and perhaps even attempt to become national leader of the NDP in order to explain a rather complicated idea that I believe has been passed to me by The Being of Light of near death experience fame? [The alternative is kind of scary....
and I must admit that I cannot rule out the possibility that the Dark Side of the Force may
be giving me information even when I sleep]?

Prophetess Dr. Cindy Jacob has predicted that the Canadian and USA Dollar will go to par value and
I would like to DONATE at least one possible explanation as to why and how that can be initiated from
the federal riding of M. P. Dan Muys and perhapd even more specifically Mayor David Bailey.

Dan Muys​

MP — FLAMBOROUGH–GLANBROOK–BRANT NORTH​


Dan-Muys-MP-profile-photo-scaled.jpg




1. I submit that in a way Prime Minister Pierre E. Trudeau for all of his many, many, many, many flaws
began to SAVE for all Canadians back in 1974 by deliberately DECREASING THE ECONOMY OF CANADA
by deliberately wrecking the rather brilliant Bank of Canada policy that was in effect from 1938 to 1974.

What Prime Minister Pierre E. Trudeau did back in 1974 is generally considered to have been one of the most
colossal errors ever made by a sitting Prime Minister BUT I submit to you that what he did can also be looked at
as SAVING FOR ALL CANADIANS BY DAMPENING OR DECREASING THE ECONOMY OF CANADA OVER THE SHORT TERM,
[by short term I mean from 1974 until now in 2026]?


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… ā€œthe evil that men do live after them while the good is often interred with their bones. So let it be with Caesar.ā€

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: ā€œOnce 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.ā€


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)



"We never should have privatized our debt and turned it over to the
private banks, we should have kept it in the hands of the Bank of Canada,
at least a major part of it, because then we would have been paying
interest back to ourselves
." (NDP Leader Jack Layton)

Oh Canada Movie 6 - Banking - 5
Just after the 2:20 minute mark in this video interview:



Honorable Minister Mr. Dan Muys,
I feel that I must set up a debate between your boss
Mr. Pierre Poilievre and the new leader of Canada's New Democratic Party.

I believe that Canada needs another Alternative Currency Note that would be somewhat like Calgary Dollars but what I believe we need will become much more influential. The Alternative could be "Bear Market 2026 to 2036?"
I have already explained at least one possible direction in which this can go in this other discussion and poll:

Avi Lewis is the new leader of the New Democratic Party of Canada!​



I am about ninety nine percent certain that Mr. Joe Rogan would be interested in a serious plan that could cause the USA and Canadian Dollars to go to Par Value.




I would like to find Dr. Cindy Jacob's message to Canada from 2018 because in it she predicts that the USA and Canadian Dollars will go to par value at the time when a Prime Minister is elected who will move the Canadian Embassy from Tel Aviv to Jerusalem?


 
Last edited:
I voted for Member of Parliament Mr. Dan Muys in Canada's last federal election but once I saw the results I knew that I would need to join the New Democratic Party of Canada and perhaps even attempt to become national leader of the NDP in order to explain a rather complicated idea that I believe has been passed to me by The Being of Light of near death experience fame? [The alternative is kind of scary....
and I must admit that I cannot rule out the possibility that the Dark Side of the Force may
be giving me information even when I sleep]?

Prophetess Dr. Cindy Jacob has predicted that the Canadian and USA Dollar will go to par value and
I would like to DONATE at least one possible explanation as to why and how that can be initiated from
the federal riding of M. P. Dan Muys and perhapd even more specifically Mayor David Bailey.

Dan Muys​

MP — FLAMBOROUGH–GLANBROOK–BRANT NORTH​


Dan-Muys-MP-profile-photo-scaled.jpg




1. I submit that in a way Prime Minister Pierre E. Trudeau for all of his many, many, many, many flaws
began to SAVE for all Canadians back in 1974 by deliberately DECREASING THE ECONOMY OF CANADA
by deliberately wrecking the rather brilliant Bank of Canada policy that was in effect from 1938 to 1974.

What Prime Minister Pierre E. Trudeau did back in 1974 is generally considered to have been one of the most
colossal errors ever made by a sitting Prime Minister BUT I submit to you that what he did can also be looked at
as SAVING FOR ALL CANADIANS BY DAMPENING OR DECREASING THE ECONOMY OF CANADA OVER THE SHORT TERM,
[by short term I mean from 1974 until now in 2026]?







Oh Canada Movie 6 - Banking - 5
Just after the 2:20 minute mark in this video interview:



Honorable Minister Mr. Dan Muys,
I feel that I must set up a debate between your boss
Mr. Pierre Poilievre and the new leader of Canada's New Democratic Party.

I believe that Canada needs another Alternative Currency Note that would be somewhat like Calgary Dollars but what I believe we need will become much more influential. The Alternative could be "Bear Market 2026 to 2036?"
I have already explained at least one possible direction in which this can go in this other discussion and poll:

Avi Lewis is the new leader of the New Democratic Party of Canada!​



I am about ninety nine percent certain that Mr. Joe Rogan would be interested in a serious plan that could cause the USA and Canadian Dollars to go to Par Value.




I would like to find Dr. Cindy Jacob's message to Canada from 2018 because in it she predicts that the USA and Canadian Dollars will go to par value at the time when a Prime Minister is elected who will move the Canadian Embassy from Tel Aviv to Jerusalem?




A Reich Wing Blog, is that all you've got.
 
A Reich Wing Blog, is that all you've got.

No, I have something much more Grand in mind!

I am kind of hoping that Prime Minister Mark Carney might
like to be set up by NDP Leader Avi Lewis AND by Conservative Leader Mr. Pierre Poilievre to become CANADA'S FDR?

No kidding.... the stage seems to be brilliantly set up for Prime Minister Mark Carney to set in motion the Canadian version of The New Deal?

Take a look at www.CalgaryDollars.ca/
to get an idea of what I have in mind. [Note, if you or I were to earn ten thousand Calgary Dollars in 2026 or 2027 we would be supposed to claim them on our income tax return and we would owe the same amount of Canadian Dollars as income tax on that ten K Calgary Dollars as if we had earned Canadian Dollars].


"Was FDR essentially FORCED into The New Deal?"​


"Or did the application of the Worgl Austria Local Money Experiment give FDR the excuse that he needed to do what he really wanted to do for Americans anyway?

I personally would like to think that Economics Professor Irving Fisher gave FDR the tools that he needed to convince the Elite of his time period into agreeing to something that the Elite.... tends to NOT want to see happen?"

[The Truth About Money: The Money SystemIsnt There a Better Way?
by Francis and Lia Ayley] :

"City in Austria Printed Local Currency
Worgl, like many other European towns and cities, was hit hard by the Great Depression. There was mass unemployment; four of the five local factories had closed, and the people were starving in the streets. Nobody had any money to buy anything. One of the features of an economic depression is that there is not enough money in circulation to ensure that people can meet their basic needs, and in the 1930s, the shortage of currency in many countries of the world became catastrophic.

The mayor of Worgl, together with local businessmen, decided to try to break this economic impasse by creating their own local currency. They printed and issued 60,000 Austrian shillings worth of local currency. These shillings could only be spent in Worgl, so they remained in the local community and were exchanged over and over again.

The positive impact was immediate and surprising to everyone. In only six weeks, unemployment disappeared, all the factories had reopened and everyone had food. For the inhabitants of Worgl, the economic depression was gone. This dramatic transformation became known as the ā€œmiracle of Worgl.ā€ Surrounding towns, inspired by the success of Worgl, immediately started printing their own local currencies.

Sadly, the miracle did not last long. When the Austrian Central Bank heard about Worgl’s local currency, they initiated legal proceedings against the mayor and local businessmen. According to Austrian banking law, it was illegal for anyone except the Austrian Central Bank to issue money. The bank won the court case, and the mayor was ordered to shut down the local currency, which he did, under threat of imprisonment. The town then returned to the devastating economic depression of the 1930s, with all the human pain and suffering associated with this catastrophe. Factories closed, and once again, the people starved.

Alternative Currency in the U.S.
Irving Fisher, an American professor of economics at Yale University, visited Worgl before the local currency was suppressed and witnessed the ā€˜miracle’ firsthand. When he returned to the United States, Fisher spread the word by traveling and lecturing across the country, advocating the use of the Worgl ā€˜scrip’ everywhere. Inspired by his vision, hundreds of communities began issuing their own currency, and by 1934 there were over 1,000 local communities using ā€˜scrip’ throughout the U.S.

Every one of these communities experienced a tremendous rejuvenation of their local economies. They thrived while others suffered. Fisher then met with President Franklin D. Roosevelt, proposing the implementation of government-sanctioned local ā€˜scrip’ in every community in America. When FDR consulted with his top financial advisors and bankers, however, he was advised to shut all the ā€˜scrip’ systems down, which he did. Instead, he borrowed large amounts of money from bankers, at interest, and used it to pay for the Reconstruction Finance Corporation and the other work-creation projects, which collectively came to be known as the ā€˜New Deal.’ So ended the last widespread use of a local currency within the U.S.

This pattern of economic collapse and re-emergence of local currencies has occurred thousands of times in many parts of the world. When these currencies have failed or have been suppressed, banks have not always been to blame. Sometimes, local currencies fail because they have been badly designed or implemented. Sometimes, people lose interest in them when the mainstream economy recovers. But they have always returned in one form or another during times of economic failure.

Our present world situation is uniquely different. Despite a relatively prosperous and stable world economy, a quiet monetary revolution has been occurring around the globe over the last 20 years. Awareness is growing about the flaws in our current monetary system, and people are re-creating viable alternatives. We are witnessing for the first time the worldwide creation of money systems designed by the people who use them, instead of by central banks.

Time Dollars in Whatcom County"

[ The Truth About Money: The Money SystemIsnt There a Better Way?
by Francis and Lia Ayley}

 
No, I have something much more Grand in mind!

I am kind of hoping that Prime Minister Mark Carney might
like to be set up by NDP Leader Avi Lewis AND by Conservative Leader Mr. Pierre Poilievre to become CANADA'S FDR?

No kidding.... the stage seems to be brilliantly set up for Prime Minister Mark Carney to set in motion the Canadian version of The New Deal?

Take a look at www.CalgaryDollars.ca/
to get an idea of what I have in mind. [Note, if you or I were to earn ten thousand Calgary Dollars in 2026 or 2027 we would be supposed to claim them on our income tax return and we would owe the same amount of Canadian Dollars as income tax on that ten K Calgary Dollars as if we had earned Canadian Dollars].


"Was FDR essentially FORCED into The New Deal?"​


"Or did the application of the Worgl Austria Local Money Experiment give FDR the excuse that he needed to do what he really wanted to do for Americans anyway?

I personally would like to think that Economics Professor Irving Fisher gave FDR the tools that he needed to convince the Elite of his time period into agreeing to something that the Elite.... tends to NOT want to see happen?"



I voted for Member of Parliament Mr. Dan Muys in Canada's last federal election but once I saw the results I knew that I would need to join the New Democratic Party of Canada and perhaps even attempt to become national leader of the NDP in order to explain a rather complicated idea that I believe has been passed to me by The Being of Light of near death experience fame? [The alternative is kind of scary....
and I must admit that I cannot rule out the possibility that the Dark Side of the Force may
be giving me information even when I sleep]?

Prophetess Dr. Cindy Jacob has predicted that the Canadian and USA Dollar will go to par value and
I would like to DONATE at least one possible explanation as to why and how that can be initiated from
the federal riding of M. P. Dan Muys and perhapd even more specifically Mayor David Bailey.

Dan Muys​

MP — FLAMBOROUGH–GLANBROOK–BRANT NORTH​


Dan-Muys-MP-profile-photo-scaled.jpg




1. I submit that in a way Prime Minister Pierre E. Trudeau for all of his many, many, many, many flaws
began to SAVE for all Canadians back in 1974 by deliberately DECREASING THE ECONOMY OF CANADA
by deliberately wrecking the rather brilliant Bank of Canada policy that was in effect from 1938 to 1974.

What Prime Minister Pierre E. Trudeau did back in 1974 is generally considered to have been one of the most
colossal errors ever made by a sitting Prime Minister BUT I submit to you that what he did can also be looked at
as SAVING FOR ALL CANADIANS BY DAMPENING OR DECREASING THE ECONOMY OF CANADA OVER THE SHORT TERM,
[by short term I mean from 1974 until now in 2026]?







Oh Canada Movie 6 - Banking - 5
Just after the 2:20 minute mark in this video interview:



Honorable Minister Mr. Dan Muys,
I feel that I must set up a debate between your boss
Mr. Pierre Poilievre and the new leader of Canada's New Democratic Party.

I believe that Canada needs another Alternative Currency Note that would be somewhat like Calgary Dollars but what I believe we need will become much more influential. The Alternative could be "Bear Market 2026 to 2036?"
I have already explained at least one possible direction in which this can go in this other discussion and poll:

Avi Lewis is the new leader of the New Democratic Party of Canada!​



I am about ninety nine percent certain that Mr. Joe Rogan would be interested in a serious plan that could cause the USA and Canadian Dollars to go to Par Value.




I would like to find Dr. Cindy Jacob's message to Canada from 2018 because in it she predicts that the USA and Canadian Dollars will go to par value at the time when a Prime Minister is elected who will move the Canadian Embassy from Tel Aviv to Jerusalem?



We need military backed printed local currencies.
 
We need military backed printed local currencies.

Now that is an interesting idea.

For several years the City of Calgary Alberta accepted payment for about ten percent of property taxes in Calgary Dollars.

The City doing that made the Calgary Dollars alternative currency note very attractive to business owners and individuals who were willing to work for Calgary Dollars for all or a portion of their salaries.

Back in 1932 alternative local currencies played a massive role in setting in motion The New Deal that was initiated by USA President Franklin Delano Roosevelt. I am of the opinion that over the coming years something similar could happen here in Canada?

Military personnel are often trained to construct highways, bridges, communication systems and buildings. It is theoretically possible for Canada's military to assist in any community that desperately needs assistance in that way. This would be especially true in Canada's Arctic.
 
And talking stupid is all you got

Thank you riseabovethis for sticking up for my right to hold opinions that are politically incorrect. I am of the belief that Canada CBC is wrecking our nation by forcing ninety nine percent of Canadians into either a little red box....
or a little orange box....
or a little blue box....
or a little Green Box.....
red box = support the Liberal Party
orange box = support the New Democratic Party
blue box = support the Conservative Party
green box = support the Green Party and Ms. Elizabeth May.

I am also of the belief that I, DENNISPTATE, CAN do an APOLOGY to the First Nations Communities of all of Canada.....
that could be used effectively by
APTN to buy The CBC, from the Canadian Taxpayers....
for the combined totals of the National Debt of Canada PLUS the national Debt of the USA?!


APTN (Aboriginal Peoples Television Network) is Canada's premier network dedicated to Indigenous storytelling, offering diverse films, documentaries, and series. It highlights voices through platforms like APTN+ and APTN Lumi, featuring content in English, French, and various Indigenous languages, including documentaries on systemic issues, dramas, and cultural programs.



In the United States there are fairly clear guidelines on who and how and when an Alternative Currency can be created.
 
We need military backed printed local currencies.

How about Film Production Cooperatives where retired RCMP and OPP officers form a film production cooperative and we could even use the word "Kibbutz?"

How about a second Film Production Cooperative formed with Retired Nurses?

Another film production cooperative could be Retired Canadian Military Personnel?

All three of these groups of people know a lot of things that most Canadians do not know about or understand?

IF ANY TYPE OF THREAT
was used by the guy from Switzerland back in 1974 to convince P. M. Pierre E. Trudeau to make that colossal error.....
then was what P. M. Pierre E. Trudeau did in 1974 entirely "LEGAL?"

I also quoted this is post number one above:

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… ā€œthe evil that men do live after them while the good is often interred with their bones. So let it be with Caesar.ā€

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: ā€œOnce 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.ā€


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)

Three Canadian ECONOMISTS elaborate on this topic at a whole other level and all three of those ECONOMISTS have lived and taught most of their careers not that far away from Mississauga!

By Harold Chorney, John Hotson and Mario Seccareccia:


ā€œGovernments these days find it easy to defend cuts in services and programs. All they have to do is point to their annual deficits and their total accumulated debts. (As of March, 1994, Canada's public debt was about $546 billion.) This public debt provides the politicians with a convenient excuse for cutting spending or raising taxes. Or both. ā€œWe're brokeā€, they tell us plaintively. ā€œWe can't afford to increase public services, or even keep them at their present level.ā€


A lesson from the War


ā€œAs the deep recession dragged into 1992, Finance Minister Don Mazankowski said he couldn't do anything about it. His hands were tied, he said. The federal government was broke. The cupboard was bare. The deficit and accumulated national debt were so enormous that his first priority had to be to reduce them — even if that meant prolonging the recession and making it even worse.

ā€œSo his budget contained almost nothing to revive the sick economy. With interest payments on the debt gobbling up one-third of tax revenue, his response was to keep taxes high and axe more public services and agencies. Like Martin Luther before him, Mazankowski in effect proclaimed: Ā«Here stand I. I cannot do otherwise.

ā€œBut it doesn't take an economist to see that in fact he could. All you have to do is imagine what the government would do if it got involved in another Gulf War — or if that war were still raging. Would the Finance Minister have brought down the same kind of budget? Would he have said, Ā«We'd like to keep on fighting, but we're broke, so we're calling our troops backĀ»? Not on your life!

ā€œDid Canada surrender half way through World War II because the national debt had grown even larger than the Gross Domestic Product (GDP)? Of course not! Somehow the extra money was found. If it wasn't by raising taxes or borrowing from the private banks, why, the Bank of Canada simply created all the money the government needed — and at near-zero interest rates, too!

ā€œWhen World War II ended, the national debt relative to the national income was more than twice as large as it is now. But was the country ruined? Did we have to declare national bankruptcy? Far from it! Instead, Canada's economy boomed and the country prospered for most of the post-war period.ā€


The Bank of Canada has failed in its duty


ā€œWhy isn't the same thing happening today? Why was a much larger national debt shrugged off in 1945, while today's much smaller debt (as a percentage of GDP) is being used as an excuse to let the economy stagnate?

ā€œThe answer can be found at the Bank of Canada. During the war, and for 30 years afterward, the government could borrow what it needed at low rates of interest, because the government's own bank produced up to half of all the new money. That forced the private banks to keep their interest rates low, too.

ā€œSince the mid-1970s, however, the Bank of Canada, with government consent, has been creating less and less of the new money, while letting the private banks create more and more. Today Ā«ourĀ» bank creates a mere 2% of each year's new money supply, while allowing the private banks to gouge the government — and of course you and me, as well — with outrageously high interest rates. And it is these extortionate interest charges that are the principal cause of the rapid escalation of the national debt. If the federal government were paying interest at the average levels that prevailed from the 1930s to the mid-1970s, it would now be running an operating surplus of about $13 billion!ā€

The updated version (January, 1996) of the pamphlet expresses the same ideas:

ā€œThe Bank of Canada was established in 1935 by an Act of Parliament. In its legislative mandate, it is directed to promote economic growth and employment, as well as preserving the value of the Canadian dollar.

ā€œShortly after the Bank opened its doors, it was faced with the bankruptcy of provincial governments due to the Depression. Interpreting its mandate widely, as it is supposed to do, it made precedent-setting loans to restore the finances of Manitoba. Generous loans to other provinces followed.

ā€œWorld War II found Canada ready and determined to act in the Allied cause. The war effort of the federal government was financed through enormous deficits and very low interest rates brought about by the Bank of Canada. At war's end, the national debt stood at about 120% of Gross Domestic Product (GDP), nearly double the level of today. Yet Canada went on to enjoy the greatest period of economic growth in its history...

ā€œ(Now) the Bank of Canada has decided that any government spending not financed by taxation is inflationary, so it no longer extends credit to the government by holding bonds and Treasury bills. Its small holdings of government debt are confined to the banknotes needed by the economy for currency in circulation...ā€ (End of 1996 updated version's excerpts.)


Interest rates and inflation


ā€œThousands of years of sad experience with the concentration of wealth and debt slavery caused all the ancient books of wisdom — including the Bible and the Koran — to condemn the charging of immoderate rates of interest.(...) The conventional wisdom, however, is that inflation is the greatest threat to the economy and must be restrained by raising interest rates. This flies in the face of the common-sense observation that rising prices (inflation) are caused by rising costs, and that interest rates are costs. So raising them will raise prices, not lower them.

ā€œAlso raised by this policy, of course, is the income of the money-lenders, which explains why they subscribe so fervently to the perverse doctrine that high interest rates are somehow anti-inflationary. Certainly the world's bankers and other money-lenders have gained much from the nonsensical notion that, while giving workers a big raise is inflationary, giving money-lenders a big raise is not.

ā€œMany economists rail against Ā«wage pushĀ», and it's true that wages have risen by 2,700% over the past 50 years. But in the same period government tax revenue went up by 3,400%, and net interest by 26,000%! Yet, most of the economic textbooks that deplore rising wages don't even mention the tax and interest pushes. And it is not because they are complex ideas — rather, they are simple and obvious — but because it would be so embarrassing for economists to admit they've made a boner of such magnitude: that their theory of monetary policy violates basic principles of scientific logic."




The creation of money



ā€œOne of the most pervasive myths about the government deficit is that governments which spend more than they receive in revenue must borrow the difference, thus increasing the public debt.

ā€œIn fact, a government can choose to create the needed additional money instead of borrowing it from the banks, the public, or foreigners.

ā€œBusiness and the conservatives in politics and the media are horrified by the suggestion that the government exercise its right to create more money. They claim it would precipitate another ruinous bout of inflation.

ā€œBut money creation is money creation — whether by a private bank or the Bank of Canada. And a government in debt only to the government's own bank is not really in debt at all. If it wants to go through the rigamarole of having the Treasury Ā«borrowĀ» from the central bank and later pay interest, that is a minor matter of bookkeeping. As long as the central bank's profits are returned to the Treasury, the results are much the same as if the Treasury had created the money itself.

ā€œThere is no reason why the growth of Canada's money supply (averaging about $22 billion annually in recent years) could not be more substantially created by the Bank of Canada. If that policy had been followed, the federal government would not have been obliged to add to its debts to pay interest on old debts. Instead, the Bank of Canada has produced barely 2% of the money added in recent years, while the chartered banks added the rest as they made loans to households, businesses, and all levels of government. At the very least, the Bank of Canada and the chartered banks should share the privilege of creating money on a 50-50 basis.

ā€œThose who dismiss such a proposal as ā€œinflationaryā€ should be required to explain why it would be more inflationary for the government's bank to create $11 billion and the private banks $11 billion, rather than the present practice of having the government's bank create $0.7 billion and the private banks $21.3 billion!

ā€œClearly the current problem of the Canadian government's deficit is not its absolute size, or its size relative to the GDP, but the insane way it is being financed. A return to the policies of the World War II era, when the Bank of Canada produced almost one-half of the new money at near-zero interest, would do wonders for the economy, while greatly shrinking the deficit... The first order of business for a post-Mulroney-era government must be to regain effective control of the Bank of Canada and make it the primary source of money creation.

ā€œIt is ludicrous for the government to put billions of dollars into circulation by borrowing from the private banks, when it can create the extra money it needs, virtually free.ā€


Banks create money


ā€œWe have to keep in mind that our monetary economy only grows when the money supply grows. Under the present debt-driven system, the only way we can increase the money supply is by borrowing it into existence from the private banks, thereby increasing our indebtedness to them.

ā€œIt can't be stressed too much that the private banks, unlike non-bank lenders, create the money they lend. They do not — as is so widely imagined, even by the bankers themselves — lend their depositors' money. The amount of new money created by a bank loan, however, is only sufficient to pay back the principal. No money is created to pay the interest, except that which is paid to the holders of bank deposits. That's why debts must continually grow faster and faster in order for each layer of additional debt and interest to be paid.

ā€œIf that strikes you as a very dumb and dangerous way to operate a monetary system, you're right. Clearly it would be much safer and more sensible to have at least a large amount of the needed new money spent into circulation debt free by the federal government — or lent by it interest free to the junior levels of government which lack the power to create money. Reform of the monetary system is therefore the key to controlling the deficit and lowering the public debt.ā€ (End of the three economists' pamphlet.)


* * *


Comments from the Michael Journal

We congratulate these three economists who dare to go off the beaten track. More and more people are echoing the message of the Social Crediters of the ā€œMichaelā€ Journal, and they urge the Federal Government to create its own money, and to put the Bank of Canada at the service of the Canadians.

The Minister of Finance and ā€œorthodoxā€ economists keep repeating that this solution is unworkable, since, according to them, it would automatically bring about runaway inflation. Yet, this policy of government-created money was actually tried out successfully in Canada during World War II (when half of the money supply was created by the Bank of Canada), and it is during those years that Canada prospered the most, with near-zero inflation.

Others will say that the Bank of Canada cannot reduce its interest rates (the Bank Rate, which is set every Tuesday by the Bank of Canada), because if the rate is too low (lower than that of the United States, for example), foreign investors will flee Canada and invest their money in other countries with higher interest rates, where their investments will yield higher returns. This argument would fall by itself if the Federal Government would create its own money, instead of borrowing it. Figures made in Canada are just as good as figures made abroad to finance production made in Canada. Besides, what would Canada do if it were the only country in the world, with no foreign countries from which it could get money? Should we be condemned to starvation in front of our own goods, through lack of figures to buy them?

The three economists quoted above suggest that the Bank of Canada create half of the Country's money supply. The Social Crediters of the Michael Journal propose that the Bank of Canada create all of Canada's money supply, since money creation cannot be left in the hands of private interests. Make no mistake: private banks would still exist, and still lend money, but they would not have the power to create new money with their loans. When a chartered bank would grant a loan to a business or to an individual, the bank would get the money for the loan from the Bank of Canada, interest free. The private bank would be accountable to the Bank of Canada for that money, having to return it to the central bank when the loan is paid back to the private bank. (This technique is explained in detail in Louis Even's booklet ā€œA Sound and Efficient Financial Systemā€ that can now be found in part II of this book.)

The Bank of Canada has been diverted from its purpose, and instead of being the Bank of the Canadians, it has become the bankers' bank. The Government must bring the Bank of Canada to heel, and have it finance the needs of our nation, debt free. It is the only solution to solve the problem of the deficit and that of the debt.

Several groups are lobbying for more spending cuts; some even say that our Finance Minister did not go far enough with spending cuts in his last budget. It only leaves less money in circulation, which makes the situation even tougher for all Canadians. As the three economists have put it in their pamphlet: ā€œStrident calls for cutbacks and belt-tightening measures are, in tough economic times, the worst possible course to follow. It is in fact a lethal prescription for recreating the widespread unemployment and suffering of the 1930s.ā€

Mr. Prime Minister, you don't wish for such a state of affairs to occur, do you? Well, to prevent if from happening, you have no alternative but to apply the Social Credit principles of Clifford Hugh Douglas and Louis Even!

Moreover, all the premiers who complain about the reduction of transfer payments to the provinces in the federal budget, should join forces to pressure the federal government to put the Bank of Canada at the service of all Canadians, and finance the provinces with interest-free money. But make no mistake: if our governments do not gain the support of public opinion, they will not have the courage to challenge the power of the Financiers. So it is your duty, dear readers of the Michael Journal, to create this public opinion in favor of a return to an honest debt-free money system, by getting all your friends and acquaintances subscribed to the Michael Journal. This is where the liberation of our country begins.




(1) Harold Chorney, Concordia U.; John Hotson, U. of Waterloo; Mario Seccareccia, Ottawa U.;

Edited by Ed Finn, Canadian Centre for Policy Alternatives

251 Laurier Avenue West, Suite 804, Ottawa, Ont., K1P 5J6.

An updated version ā€œ10 Deficit Mythsā€ was issued in January, 1996.

 
Dennis P. Tait
N3L0M9, Canada
April 23, 2026


Shalom Honorable Minister Member of Parliament Mr. Dan Muys:

I voted for you in the last Canadian federal election but I am almost certain that I will NOT be able to vote for you in the next one because once I saw how that election went across Canada I knew that I knew that I knew that I had to join the New Democratic Party and attempt to redefine the word "leadership" for them.

I am tempted to campaign for the office of Mayor of Brant County Ontario but I have a theory in mind that is off the scale VALUABLE for all forty one thousand or so residents of Brant County, Ontario. As you know Mr. Wayne Gretzky grew up in Brantford, Ontario and as you know Mr. Wayne Gretzky certainly could have a career in politics if he was willing to pick a serious fight with the allegorical "Goliath of Fame?"

I believe that Mr. Wayne Gretzky will need a C. E. O. for what I have in mind and I believe that Mayor David Bailey would be perfect due to the brilliant way that he kept Shalom between Liberals, Conservatives, NDP members and Green Party members over this past decade.

I have already written up some of my ideas on how all of this can be used as an example of win, win, win, win, win, win politics vs the Win or Lose type of politics that all of us are used to seeing in Ottawa.

Shalom

Dennis P. Tate or Tait


"The photo heard around Canada: a simple photo of Gretzky with Trump has so many Canadians going insane on social media. This is how far we have gone."​





and of course:


"Wayne Gretzky vs Justin Trudeau for "Deputy Canadian Ambassador to the United States?""​




...

....


"Is it just my imagination or could Mr. Bill Gates be BIASED AGAINST TREES AND PLANTS due to his idea on how best to save trees and plants and fish and birds over a longer term such as five to ten centuries?

After all....
if you really believe that a world population of about six and a half BILLION in 2010 must be reduced down to two or three billion people...... then TREES AND PLANTS are an enemy......
because trees and plants would tend to be useful in assisting HUMANS to SURVIVE VS BEING DEPOPULATED?"





About ten seconds ago I actually sent a copy of this message to M. P. Dan Muys through e-mail.
 
Last edited:
A Reich Wing Blog, is that all you've got.

I have a plan for a major increase in Shalom and economic cooperation in the
Middle East that I believe can begin here in Brant County, Ontario, Canada.


I am now living in Brant County, Ontario, Canada....
and I am considering a campaign for the office of
Mayor.....
and one of my major goals will be to attempt to
bring a surge of Shalom and an increase in win, win, win, win, economic cooperation, to the Middle East partly through
teaching English for free to the Islamic residents of
this county?


"
Will world peace begin with immigrants from many nations who go to Canada and find out ways to address the root causes of the conflicts that were going on in the nations that they left?

I am hopeful that this will be the case, for example, immigrants to Canada from the Middle East may be able to turn the world away from the Al Gore Carbon Tax Theory and the Bill Gates, "Innovation to zero" emissions theory, and instead adopt the more down to earth approach to Climate Change advocated in the Jewish, Islamic and Christian scriptures as well as by a New Mexico biologist and coach.

Here is an ancient Islamic prediction that sounds like a brilliant response to both the threat of rising ocean levels... as well as to the Economic Crisis that it appears some influential people seem to want to occur."
Book 005, Number 2208:
"Abu Huraira reported Allah's Messenger (way peace be upon him) as saying: The Last Hour will not come before wealth becomes abundant and overflowing, so much so that a man takes Zakat out of his property and cannot find anyone to accept it from him and till the land of Arabia becomes meadows and rivers."
SAHIH MUSLIM, BOOK 25: The Book on General Behaviour (Kitab Al-Adab)

Assisting nine point four million Israelis and TWO BILLION ISLAMIC NEIGHBOURS to Israelis, to divert investment away from warfare and instead into large scale desalination of ocean water for
agriculture, reforestation projects and to make life better for everybody who lives in the Middle East will lead to
the fulfillment of Isaiah chapter thirty five. This fits with the Jewish concept of Tikkun Olam.

... "The wilderness and the solitary place shall be glad for them; and the desert shall rejoice, and blossom as the rose.
It shall blossom abundantly, and rejoice even with joyand singing: the glory of Lebanon shall be given unto it, the
excellency of Carmel and Sharon, they shall see the glory of the LORD, and the excellency of our God.

....
Then shall the lame man leap as an hart, and the tongueof the dumb sing: for in the wilderness shall waters break out,
and streams in the desert.
And the parched ground shall become a pool, and the thirsty land springs of water: in the habitation of dragons,where
each lay, shall be grass with reeds and rushes." (Isaiah 35 : 1, 2, 6, 7 ).

A New Mexico biologist and coach wrote up an alternative theory on stabilization of the climate that fits well with these ancient Islamic and Jewish predictions for the last decades and centuries of human history before our Creator gives us a utopian world where the Holy Spirit is poured out on all flesh.

New Mexico biologist and coach Carl Cantrell.....
 
We need military backed printed local currencies.

Do you believe that Canadian military personnel should be involved in assisting in addressing problems in infrastructure in Canada's North?

What about some of the infrastructure problems that are happening on First Nations Reserves all across Canada?

The First Nations militias of Canada played a massive role in defeating the attempts that were made by the United States to invade Canada and thus I believe that a career in Canada's military is a logical solution to much of the unemployment or underemployment in Canada's Indigenous Communities. If Canadian military personnel were involved in infrastructure projects in the Arctic or on reserves, this would make for good training and would be more productive than jogging or marching.
 
We need military backed printed local currencies.

What do you think of the idea that "conservative religious people" are not great at producing films due to their tendency to have rigid, black and white answers to so many questions and issues?

lg325 said:
"How is Mark Carnet doing as P.M.? " [lg325]
....

I personally have massive disagreements with his approach to taking Canada further away from the USA ... and closer to China...... based on anti-Trump sentiment.

This whole thing though is far above my Security Clearance Level so.......

I will edit... redact..... censor, an e-mail that I recently sent out because I do believe that I am getting into some topics that could lead to a conversation or public squabble between Mr. Avi Lewis and Mr. Pierre Poilievre.... [HaShem willing]?

......

Mr. Avi Lewis and Mr. Pierre Poilievre could do a "public squabble" that sets the stage for either Mr. Avi Lewis and / or Mr. Pierre Poilievre to become Canada's New Prime Minister.... in a possible Minority Government Situation?

Just as supposedly rival pro-wrestlers have to get together to practice.... I believe that Mr. Avi Lewis and Mr. Pierre Poilievre could debate and debate and debate and Dr. Jordan Peterson and / or Joe Rogan.... could be the host and refereee for their debates?

 
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