COMER vs Bank Of Canada Hearing Oct. 14, 2015
All Canadians should be taking a hard look at this case. This is Canada’s right to us its own banking system and issue its own currency free of interest. Our nation is being thrust into such deep debt by way of large banks and currency lenders we may never see the light of day. We have to support and become informed on this topic. Please refer to the bottom of this article for more informative articles on these proceedings. It’s OUR Right Canada, lets take it back….
Oct 14, 2015 In yet another round of appeals the government has moved to strike the amended statement of claim in the COMER vs Bank of Canada law suit. At this point the government is desperately stalling because it does not want this case heard. Prominent constitutional lawyer Rocco Galati Stood up to these tactics today and is steadfast in his determination to see this case though to the end.
Past Interviews by Lawrence McCurry on the BOC Case:
Lawyer Rocco Galiti addressing a meeting of The Committee on Monetary & Economic Reform (COMER) on the status of their case against the Bank of Canada
Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians
William Krehm, and Ann Emmett, and COMER (Committee for Monetary and
Economic Reform) on December 12th, 2011 filed an action in Federal Court,
to restore the use of the Bank of Canada to its original purpose, by
exercising its public statutory duty and responsibility
REMINDER: We will be welcoming Lawrence McCurry on the “Resistance Round Table” next Tuesday October 20, 2015 @ 8pm EST, right here on the MaxResistance.com/chatroom so tune-in live to find out more details on the COMER vs BOC Hearing .
Please Join Us, YOU Are The RESISTANCE
Correction regarding the Bank of Canada being on every corner: In fact my statement was incorrect.
The Bank of Canada was established to issue currency to ALL banks within the Canadian Bank Act. The confusion come in under the many names established to or from the central bank. Much like the Federal Reserve (not being a part of the Federal Government at all) the confusions come in by way of the names appearing to be solely a government entity when in fact they are not. I retract my last post and stand corrected. Such names as Imperial Bank of Canada, Royal Bank of Canada, Upper – Lower Bank of Canada, as well as many more names not mentioned here. All were built on the ideal of being solely Canadian when in fact this is not necessarily the case. However it must be noted no matter the name the BANK the issuer of the currency was to remain solely from our Central Bank of Canada, which in fact this is not currently the case.
The Bank of Canada, BoC (French: Banque du Canada) is Canada’s central bank. The Bank was chartered by and under the Bank of Canada Act on July 3, 1934, as a privately-owned corporation. In 1938, the Bank was legally designated a federal Crown corporation. The Minister of Finance holds the entire share capital issued by the bank. “The capital shall be divided into one hundred thousand shares of the par value of fifty dollars each, which shall be issued to the Minister to be held by the Minister on behalf of Her Majesty in right of Canada.”
The essential role of the Bank, as Canada’s central bank, is to “promote the economic and financial well-being of Canada.”More specifically, the responsibilities of the Bank are:
- the formulation of monetary policy;
- as the sole issuing authority of Canadian banknotes;
- the promotion of a safe, sound financial system within Canada; and
- funds management and central banking services “for the federal government, the Bank and other clients.”
The Bank of Canada headquarters are located at the Bank of Canada Building, in the nation’s capital, Ottawa. The edifice also houses the Currency Museum, which opened in December, 1980.
Prior to the creation of the Bank of Canada, HM Canadian Treasury had been responsible for printing Canada’s banknotes. The Bank of Montreal, then the nation’s largest bank, acted as the government’s banker. A major proponent was the Royal Bank of Canada, which wanted to see the government business taken away from its rival. When the central bank was founded, the Government of Canada claimed it was constrained by its foreign debts and it would be less costly to borrow money if it could be repaid in debased currency. The Government also claimed it was constrained by its inability to deal directly on Canada’s foreign debts. The farmers were joined by manufacturing interests and other groups in favor of a depreciating currency, all demanding the institution of a central bank. The original name, the Bank of Canada (commercial), had been a private bank and was therefore renamed the Canadian Bank of Commerce. In 1949, the private banks were ordered to remove their currency from circulation, and the Bank of Canada then became the sole issuer of legal tender banknotes in and under Canada
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