Comment 62631

By Mr. Meister (anonymous) | Posted April 24, 2011 at 11:38:09 in reply to Comment 62601

I am not sure how you got to some of your comments about me from what I wrote. You know nothing about me or how well I am doing under "...the present triparty economic system..." Most certainly I do not live in a gated community. I do not think monetary or electoral reform are silly, I think the Canadian Action Party and its site are silly. They call for monetary reform that is simply printing more money with out concern for the consequences because it would allow people to pay off their debt. I wonder what a million dollar bill would look like and what it would actually be worth. Other countries have tried this and it does not work. The runaway inflation is lethal. What do you think a hundred trillion dollar bill (100,000,0000,000,000) from Zimbabwe is really worth? That is exactly what Zimbabwe did, just print money to pay debt. This is what you want for us? No thanks. That is why I call them fringe and silly. Nobody in their right mind would want that for our country.

This is taken directly from their website and I hope does not get me into trouble.

"Monetary Reform

The Canadian Action Party advocates a dramatic reduction in bank ratios using statutory reserves. At the same time, the proportion of money created by governments (who own the patent on behalf of the people) through the Bank of Canada has to be substantially increased. This will allow the fiscal flexibility necessary to balance their budgets and help finance critically important infrastructure and social projects. Many other problems could be solved by a substantial infusion of debt free government created money. This is what monetary reform is all about."

The CAP is fringe and hopefully will stay that way because they are dangerous.

We need to use some common sense not just knee jerk reactions.

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