- Mar 31, 2012
- 10,742
- 1,664
- Country
- Canada
- Faith
- Messianic
- Marital Status
- Married
- Politics
- CA-Conservatives
I have been attempting to make Canadians more aware of the reasons for this since 2004.
My 2006, my 2008 and my 2004 campaign writings by DennisTate.
Abraham Lincoln and John F. Kennedy
Haven't seen Canada feeding many poor throughout the world lately?
They do no good works yet accuse others.
Nothing new under the sun.
MB
My 2006, my 2008 and my 2004 campaign writings by DennisTate.
"As I have told many of you, the reason why I am running for the office of Municipal Councillor is because I believe that Canada had a much better monetary and banking system in the past and that we must force our provincial and federal politicians to abandon our present banking system and utilize the taxation and monetary system visualized by the men who drafted the original Canadian Constitution."
Abraham Lincoln and John F. Kennedy
"During the Civil War (from 1861 - 1865), President Lincoln needed money to finance the War from the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and went away greatly distressed, for he was a man of principle and would not think of plunging his beloved country into a debt that the country would find impossible to pay back.
Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue.
At one point he wrote:"...(we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."
......"In 1972, the United States Treasury Department was asked to compute the amount of interest that would have been paid if that 400 million dollars would have been borrowed at interest instead of being issued by Abraham Lincoln. They did some computations, and a few weeks later, the United States Treasury Department said the United States Government saved 4 billion dollars in interest because Lincoln had created his own money. So you can about imagine how much the Government has paid and how much we owe solely on the basis of interest."
"Unpayable debts
“This means that just to maintain the same amount of money in circulation in our country, year after year, unpayable debts must pile up. For example, if one wants to maintain only $100 in circulation, year after year, by borrowing at 6% interest, the debt will be $106 after one year, then $112.36 after two years ($106 plus the 6% interest), and so on. After 70 years, the debt will have reached the sum of $5,907.59, and there will still be only $100 in circulation.”
In the case of public debts, the bankers are satisfied as long as the interest on the debt is paid. Is it a favour they do to us? No, it only delays the financial impasse for a few years since, after a while, even the interest on the debt becomes unpayable. Thus, in the example of the $100 borrowed at 6%, the interest due on the debt will have reached $104.26 after 50 years, which is more than all the money in circulation.”
No wonder then that the national debts of all the civilized countries in the world are reaching astronomical proportions. For example, Canada's national debt, which was $24 billion in 1975, is now over $500 billion, and the interest on this debt costs over $40 billion per year, or about one third of all the taxes collected by the Federal Government; this percentage keeps increasing year after year. So, to satisfy the bankers, the Government must slash all its other expenditures.
Will the Government wait until servicing the debt takes 100% of the taxes, to change the system, or will it prefer to let people starve? Moreover, the national debt is only the peak of the iceberg: there are also the debts of the provinces, municipalities, corporations and individuals!”
(Michael Journal).
........I believe that the massive government spending cutbacks in health care and in our Canadian Armed Forces, over the past several decades, has certainly resulted in many premature deaths in Canada? It could even be argued that General Romeo Dallaire might well have been instrumental in warding off the genocide in Rawanda but, every major decision in Canada has been profoundly affected by our flawed monetary system. We have defined ourselves as essentially bankrupt in order to please a small but powerful segment of our population.
I believe that government spending cutbacks in our RCMP and in our Coast Guard is partly to blame for the fact that perhaps two thirds of the drugs that reach American cities come into North America through secluded and difficult to police areas of the Nova Scotia coastline.
If our federal politicians are not partly to blame in all this, then who is?
.....
(Dennis Tate, 2004)