COMER Committee on #Monetary and #Economic #Reform in #Canada: Constitutional Lawyer vs Bank of Canada

Originally posted on Forum for Stable Currencies:

COMER, the Committee on Monetary and Economic Reform was established in Canada 1986 and has been investigating what we’ve been studying through the Forum for Stable Currencies: the creation and privilege of ‘money’ which has become a means to control rather than a medium of exchange – through the powers of central banks.  Hence we’ve been advocating the Enforcement of the Bank of England Act 1694.

Fortunately, the Global Table continues our debates at lunch time every Wednesday.

This sequence of videos illustrates how a constitutional lawyer challenges the situation via the Canadian government.

Structure of the Federal Reserve System Structure of the Federal Reserve System (Photo credit: Wikipedia)

“We’ve been forced into an interest addiction by the banks.” 

On giving interest-free loans to regional governments – published on 11 February 2015:

This video was published on 30 March 2015 about Canada’s prospect of losing her sovereignty:

And then there is this publication of…

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Rothschilds Make Historic Deal With US Government – It’s Over!

500th Anniversary of #usury approval by pope that opened doors to hell

Praised be the web once again to share and benefit from information, knowledge and wisdom that otherwise might not have crossed our paths.

Here is an excellent article about the immoral concept of usury and how Pope Leo X actually made it permissible – exactly 500 years ago!

Strange, the Vatican has been the ‘moral high ground’ while the City has been the core of the ‘financial elite’.

This morning I published:

after I read what George had put together in Australia about gradual enslavement…

Now I read the bio of the usury author and feel very much comforted living on the edge – in line with the Cliff’s Edge Signalling Company who alerted me to the article on usury in the first place. Joining the Dirty Dots seems to be our task !

#CAPITALISM by 1% Nick Hanauer: wake up, fellow plutocrats, the pitchforks will come for us!

This TED talk is about economics rather than money creation. But at least he does challenge ‘trickle down’ academic economics. Nick Hanauer has founded, co-founded and funded some 30 companies, i.e. he talks as an entrepreneur. At the end of the day, everybody can make some kind of difference. The difference the top 1% can make is just bigger!

“I am not making a moral argument. I am arguing that RISING economic inequality is STUPID. The model should be Henry Ford who intuited that

  • an economy needs to be understood as an ecosystem.

21st century understanding of economics is about

  • complex, adaptive, ecosystemic
  • not efficient and effective.

Capitalism does not work by effectively allocating resources.

His ideas of ‘new capitalism’ include

  • shrinking the size of government
  • investing in the middle class
  • balancing the power between ‘minimum wage’ and people like me.

Economics encode social and moral preferences, it’s not an exact science.

Fellow plutocrats, it is time to commit to a new kind of capitalism!

OVER 30 MPs debate #MoneyCreation and Society – #Cash vs #Credit – Governments vs #Banks

UK Parliament debated Money Creation and Society for first time in 170 years.  Here’s what they said – on this video – starting at 11:18:

London, 21st November 2014

On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.


Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money[1], when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England[2]


MPs acknowledged the problem of their own lack of understanding of money creation [1]:


Peter Lilley MP stated that “A lot has been made of the ignorance of Members of Parliament of how money is created. I suspect that that ignorance…… explains many things, not least why we entered the financial crisis with a regulatory system that was so unprepared for a banking crisis.”


Zac Goldsmith MP was the first to admit at the debate that he does not fully understand the system, stating, “I suspect that most people here would be humble enough to recognise that the banking wizardry we are discussing is such a complex issue that very few people properly understand it.” Continue reading

#MoneyCreation debated by MPs 320 years after the #BoEAct1694

English: The expansion of $100 through fractio...

English: The expansion of $100 through fractional-reserve lending at varying rates. (Photo credit: Wikipedia)

The writers of the Bank of England Act 1694 had the intention

to avoid the serious oppression of Their Majesties’ subjects.

Hence they didn’t allow the Corporation to trade. Should it trade after all, it would have to pay as punishment:

treble the value of the trade.

In theory, this means that the BoE would have to pay the Treasury treble the value of all national and public debt bonds!

Will MPs appreciate this when they debate ‘money creation and society’ this Thursday as part of Backbench Business?

See  , including the link to watching the debate live on .

Further info at


MARGRIT KENNEDY – Author of Interest- and Inflation-Free Money – passes on

Margrit Kennedy wrote Interest and Inflation Free Money, Creating an Exchange Medium that Works for Everybody and Protects the Earth in 1987. She addressed the Forum for Stable Currencies many years ago.

„A feeble attempt would call it the feeling of being warmly embraced, deeply comforted, dearly cherished, profoundly appreciated, genuinely treasured, softly nurtured, profoundly understood, completely forgiven, wholly absolved, long awaited, happily welcomed, totally honored, joyously celebrated, absolutely protected, instantly perfected, and unconditionally loved
 – all at once. Releasing without the slightest hesitation or regret any and all sense, of individual selfhood, the soul moves into the Light.

Home with God – In a Life That Never Ends,
Neale Donald Walsch, p.227

Continue reading