Captain Creeper
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**** a universal minimum income!
Will robotics and Artificial Intelligence make an Unconditional but Taxable Basic Minimum Income Supplement necessary?
- Thread starter DennisPTate
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DennisPTate
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- #62
No... the proposal put together by Economist John Hotson
and Economist Harold Chorney and
Economist Mario Seccarrecia and
Economist Milton Friedman is BRILLIANT!
But alas the wealthiest of the wealthy will tend to use their Big Media to do a Wrap up Smear on any elected official who writes or speaks the truth about this.
Once President Donald J. Trump called for the Auditing of the Federal Reserve, the wealthy elite who had not been turned against him after he banned Jeffrey Epstein from Mara Lago...... finally turned against him with passion!
DennisPTate
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So do you mean that you personally do not care about a pandemic of homelessness and pretty extreme poverty?
It seems like Canada's Liberal Party were getting some numbers here in Ontario, in the City of Hamilton. Over the ten years of P. M. Justin Trudeau a pandemic of homelessness was set in motion in Canada and a significant percentage of homeless people set up their tends in the City of Hamilton. [I assume that was because the people of Hamilton were generous and helped them to stay alive]?
Toddsterpatriot
Diamond Member
Did those three think it was brilliant to print money to fund deficit spending?
Can you explain how banks don't lend their depositors' money?
Or was that a stupid claim?
The Federal Reserve is audited every year.
DennisPTate
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Since 1974 roughly ninety eight percent of the total money supply of Canadian dollars was created through loans issued by private banks.
Roughly two percent of the total money supply here in Canada was the printed notes and coins.
Most honest elected officials in Canada would admit that the decisions made by then Prime Minister Pierre E. Trudeau in 1974 was off the scale less than brilliant.
One of the only possible ways to turn this around would be perhaps for Canada's NDP to advocate for an "Unconditional but Taxable Basic Minimum Income Supplement" of five hundred dollars per Canadian citizen.
The NDP would have to market this idea to Conservative Leader Pierre Poilievre and Bloc leader
Yves-François Blanchet along with a plan for the NDP to abandon their decade long non-aggression pact with Canada's Liberal Party?
Toddsterpatriot
Diamond Member
Since 1974 roughly ninety eight percent of the total money supply of Canadian dollars was created through loans issued by private banks.
Right. So what?
Most honest elected officials in Canada would admit that the decisions made by then Prime Minister Pierre E. Trudeau in 1974 was off the scale less than brilliant.
Right. So what?
One of the only possible ways to turn this around
Turn around liberal idiocy by handing out free money that's printed by the central bank?
Sounds like doubling down on liberal idiocy is your solution.
DennisPTate
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Imagine that forty five million Canadians, own their own bank, The Bank of Canada.
Imagine that instead of borrowing the money to finance the federal deficit of Canada they were to use the Bank of Canada in a similar manner to how the Bank of Canada was used from 1938 to 1974?
It was estimated that in the one year of 1995, IF the federal government of Canada had gone back to the already proven method of using the Bank of Canada to finance roughly half of the money supply of Canada, well over SIXTY BILLION Norther Pesos could have been saved in the form of decreased INTEREST payments on the financing of the national debt of Canada.
That is what Economist John Hotson, Economist Harold Chorney and Economist Mario Seccarrecia was clearly advising the government of Canada to do.
Now in 2025 and into 2026 it is theoretically possible for the next Prime Minister of Canada, to postulate making President Trump and offer that may well be tempted by.
Theoretically, Canada could use the Bank of Canada to loan the United States an INTEREST FREE loan of Canadian dollars, [Northern Pesos], to act as a token of respect to thank the USA for protecting Canadians while our own Prime Ministers cut back and cut back and cut back the Canadian military?
This offer could be conditional on the ending of the Trump Tariffs, [but it will almost certainly NOT be done by Prime Minister Mark Carney who seems to be attempting to prove his superior intellect over President Trump.
[I predict that a lot of Canadians will soon be talking to retired Canadian Prime Minister Stephen Harper, regarding Canada - Israel relations but also on many other topics as well]:
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DennisPTate
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The Bank of Canada did not really need deposits by Canadians in order to loan out Canadian Dollars, [Northern Pesos].
But, in order to create a certain impression, The Bank of Canada would do something similar to what the USA Federal Reserve does and sell bonds on the bond markets in order to make what they do look better to the public.
[Ms. Betty Krawczyk] :
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)
HOW PIERRE TRUDEAU TURNED US INTO DEBT SLAVES
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 Syste...bettysearlyedition.blogspot.com
DennisPTate
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- #69
The situation here in Canada is so much more simple and easy to understand than the situation in the USA, that I believe it will be easier to come up with a version of this that can work here in Canada than is the case in the USA?
The first step is for elected officials here in Canada to be willing to admit that Prime Minister Pierre E. Trudeau made an off the scale error. I am attempting to make this necessary step easier to understand by linking this to a positive version of Applied Multiverse Theory.
I admit that I am using what appears to be satire or humour to get the point across but I believe that many people here will catch on rather quickly due to their research into parapsychology.
Toddsterpatriot
Diamond Member
Imagine that forty five million Canadians, own their own bank, The Bank of Canada.
Imagine that instead of borrowing the money to finance the federal deficit of Canada they were to use the Bank of Canada in a similar manner to how the Bank of Canada was used from 1938 to 1974?
It was estimated that in the one year of 1995, IF the federal government of Canada had gone back to the already proven method of using the Bank of Canada to finance roughly half of the money supply of Canada, well over SIXTY BILLION Norther Pesos could have been saved in the form of decreased INTEREST payments on the financing of the national debt of Canada.
That is what Economist John Hotson, Economist Harold Chorney and Economist Mario Seccarrecia was clearly advising the government of Canada to do.
Now in 2025 and into 2026 it is theoretically possible for the next Prime Minister of Canada, to postulate making President Trump and offer that may well be tempted by.
Theoretically, Canada could use the Bank of Canada to loan the United States an INTEREST FREE loan of Canadian dollars, [Northern Pesos], to act as a token of respect to thank the USA for protecting Canadians while our own Prime Ministers cut back and cut back and cut back the Canadian military?
This offer could be conditional on the ending of the Trump Tariffs, [but it will almost certainly NOT be done by Prime Minister Mark Carney who seems to be attempting to prove his superior intellect over President Trump.
[I predict that a lot of Canadians will soon be talking to retired Canadian Prime Minister Stephen Harper, regarding Canada - Israel relations but also on many other topics as well]:
Imagine that forty five million Canadians, own their own bank, The Bank of Canada.
Their central bank is owned by the government.
Imagine that instead of borrowing the money to finance the federal deficit of Canada they were to use the Bank of Canada in a similar manner to how the Bank of Canada was used from 1938 to 1974?
I can imagine hyperinflationary printing. It's bad.
It was estimated that in the one year of 1995, IF the federal government of Canada had gone back to the already proven method of using the Bank of Canada to finance roughly half of the money supply of Canada, well over SIXTY BILLION Norther Pesos could have been saved in the form of decreased INTEREST payments on the financing of the national debt of Canada.
Sounds like some more BS from your silly sources.
That is what Economist John Hotson, Economist Harold Chorney and Economist Mario Seccarrecia was clearly advising the government of Canada to do.
He's a moron. Clearly.
Theoretically, Canada could use the Bank of Canada to loan the United States an INTEREST FREE loan of Canadian dollars,
It's a stupid idea.
Toddsterpatriot
Diamond Member
The Bank of Canada did not really need deposits by Canadians in order to loan out Canadian Dollars
Central banks don't need deposits. Private banks do.
Toddsterpatriot
Diamond Member
The situation here in Canada is so much more simple and easy to understand than the situation in the USA, that I believe it will be easier to come up with a version of this that can work here in Canada than is the case in the USA?
The first step is for elected officials here in Canada to be willing to admit that Prime Minister Pierre E. Trudeau made an off the scale error. I am attempting to make this necessary step easier to understand by linking this to a positive version of Applied Multiverse Theory.
I admit that I am using what appears to be satire or humour to get the point across but I believe that many people here will catch on rather quickly due to their research into parapsychology.
The first step is for elected officials here in Canada to be willing to admit that Prime Minister Pierre E. Trudeau made an off the scale error.
He probably made many mistakes.
Borrowing instead of printing to pay for deficit spending wasn't one of them.
DennisPTate
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True, he did, but forty one million Canadians own their own bank, and he stopped us from using our own Canadian owned bank, to put about one half of the money supply of Canada into the economy in a way that created essentially zero interest owing to big privately owned banks.
His error in 1974 may have been due to his having been blackmailed because he was an obviously intelligent man who definitely knew better.
Seymour Flops
Diamond Member
Free money for not working, supplied by people who do work is the left's answer to every problem past present and future.
DennisPTate
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- #75
Exactly, The Bank of Canada is a Central Bank and thus does not need deposits by citizens.
DennisPTate
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Economist Milton Friedman was well aware that "money" is like blood in the economy. If all money is created in such a way that creates Compound Interest Owing Over Time to big banks, then that advisor to President Lincoln gave him a great suggestion that was based on the situation faced by the thirteen states just before the American Revolutionary War.
[Alain Pilote]
We are in 1750. The United States of America does not yet exist; it is the 13 Colonies of the American continent, forming “New England”, a possession of the motherland, England. Benjamin Franklin wrote about the population of that time: “Impossible to find a happier and more prosperous population on all the surface of the globe.” Going over to England to represent the interests of the Colonies, Franklin was asked how he accounted for the prosperous conditions prevailing in the Colonies, while poverty was rife in the motherland:
“That is simple,” Franklin replied. “In the Colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportion to make the products pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.”
The English bankers, being informed of that, had a law passed by the British Parliament prohibiting the Colonies from issuing their own money, and ordering them to use only the gold or silver debt-money that was provided in insufficient quantity by the English bankers. The circulating medium of exchange was thus reduced by half.
“In one year,” Franklin stated, “the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.”
Then the Revolutionary War was launched against England, and was followed by the Declaration of Independence in 1776. History textbooks erroneously teach that it was the tax on tea that triggered the American Revolution. But Franklin clearly stated:
“The Colonies would gladly have borne the little tax on tea and other matters, had it not been the poverty caused by the bad influence of the English bankers on the Parliament: which has caused in the Colonies hatred of England, and the Revolutionary War.”
The Founding Fathers of the United States, bearing all these facts in mind, and to protect themselves against the exploitation of the International Bankers, took good care to expressly declare, in the American Constitution, signed at Philadelphia, in 1787, Article 1, Section 8, paragraph 5:
“Congress shall have the power to coin money and to regulate the value thereof.”
The bank of the bankers
Thomas Jefferson, the Secretary of State, was strongly opposed to that project, but President Washington was finally won over by Hamilton's arguments. A federal bank was thus created in 1791, the “Bank of the United States”, with a 20 years' charter. Although it was termed “Bank of the United States”, it was actually the “bank of the bankers”, since it was not owned by the nation, but by individuals holding the bank's stocks, the private bankers. This name of “Bank of the United States” was purposely chosen to deceive the American population and to make them believe that they were the owners of the bank, which was not the case. The charter for the Bank of the United States ran out in 1811, and Congress voted against its renewal, thanks to the influence of Thomas Jefferson and Andrew Jackson:
Thus ended the history of the first Bank of the United States. But the bankers did not play their last card.
The bankers launch the war
Chapter 49 — The History of Banking Control in the United States
This fight of the International Financiers to install their fraudulent debt-money system has been particularly vicious in the United States of America since its very foundation, and historical facts show that several American statesmen were well aware of the dishonest money system the Financiers...famguardian.org
DennisPTate
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To you at this time it is a stupid idea.....
but I was given this idea from others... it is not my idea?
DennisPTate
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Five hundred dollars per month to all Canadian citizens and legal residents adds up to twenty billion dollars per month. If the Bank of Canada is used to create it in such a way that it does not create Compound Interest Owing over Time to big banks........ then within a few months as it turns over three or four times, it begins to pay down the Canadian federal deficit at the rate of about twenty billion dollars per month. Soon it will be paying down the Canadian federal debt at the rate of twenty billion dollars per month.
The same mathematics could work in the USA. Five hundred Dollars US per citizen per month, Unconditional and Not based on their last years income. That way there is almost zero need for bureaucracy.
If three hundred and fifty million Americans get five hundred dollars US per month that is created in the same way as the thirteen states created State Scrips, then soon the USA Federal deficit will begin to be paid down by one hundred and seventy five billion dollars per month.
This is extremely simple mathematics, not rocket science at all.
Toddsterpatriot
Diamond Member
True, he did, but forty one million Canadians own their own bank, and he stopped us from using our own Canadian owned bank, to put about one half of the money supply of Canada into the economy
Why do you feel printing a lot more money would have been a good idea?
Is it because your source is a moron?
in a way that created essentially zero interest owing to big privately owned banks.
Selling government bonds to finance a deficit pays interest to the bond buyers.
Whether those are citizens or banks or mutual funds has nothing to do with this silly claim you're repeating.
Deciding against causing hyperinflation by overprinting doesn't require blackmail.
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