Raise the Hammer

Thank you for attempting a substantive reply and we are happy to have you quote our site, although you might want to try reading more carefully both what I wrote, and the quotation.

Nowhere do we call for hyperinflation. What money is printed by the Bank of Canada merely balances the "reduction in bank ratios" noted. And if you truly are worried about hyperinflation, just wait to see the mayhem the present system is about to unleash. The signs are already present and while you might protest that I refer to US problems, please recall the old adage about what happens in Canada when the US sneezes. What we advocate is that the people, through their elected representatives should control our future, not the banks. Is that such a dangerous idea? The only thing dangerous is the reaction of bankers who like to kill folks who take away their punch bowl (JFK, Lincoln, Garfield, King Charles 1).

In slandering the monetary system we call for, you slander Canada's proud history. The system is that which got Canada through WW2. It is also the system used by the state of North Dakotaand which allowed the state to greatly mitigate the effects of the 2008 meltdown while achieving many societal benefits. The CAP site gives prominence to Prime Minister Mackenzie King and to two videos about our system of debt money. While debt money created by banks is a boon to some, it can be and is now, an unappreciated danger to us all.

What burns me most at the present time is that the faith many profess in the present Canadian System and by extension, the Canadian banks is completely misplaced. We have been told repeatedly that our banks were sound and supposedly the envy of the world. What our scurrilous media have failed to remind us is that Canadian banks received a relatively larger bailout than US banks - $75 vs $650 billion. That falls directly on the shoulders of taxpayers, who already struggling. We already pay $57 billion in interest each and every year in interest to the banks, who then show a profit of roughly half that amount. Bonuses amount to $11 billion. Nice work being a banker. Did any Canadian bank pay back the money as did US Banks with their TARP loans? Canadians should be triple outraged and hopefully, will vote accordingly.