Candian FIAT Monetary System Is Ripping Off Canadian Tax Payers
Here’s how they screw Canadian citizens out of our tax dollars!!
First: Canada and most nations around the world slowly changed away from a gold based currency (which used to be backed and supported by a nation’s gold reserves). Canada sold all of its gold in 2016. Our currency and our monetary system is presently backed with nothing. Our money (bills and coins) system is based on new tax payer funds provided by the people of Canada. All FIAT currency is worthless and not worth the value of the paper it is printed on. Yet that is what we use and our government and economy is based upon = worthless paper. How long will this charade last before our national debt comes due?
Here is the Wikipedia explanation of what FIAT money really is:
Fiat money is a currency established as money by government regulation or law. The term derives from the Latin fiat (“let it become”, “it will become”) used in the sense of an order or decree. It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity). Representative money is similar to fiat money, but it also represents a claim on a commodity (that can be redeemed to a greater or lesser extent).
The first use of fiat money was recorded in China around 1000 AD. Since then, it has been used by various countries, usually concurrently with commodity currencies. Fiat money started to dominate in the 20th century. Since the decoupling of the US dollar to gold by Richard Nixon in 1971, a system of national fiat monies has been used globally, with freely floating exchange rates between the national currencies.
Canadian tax payers used to own the Bank of Canada, our central bank, which controls all the private banks within a nation, our monetary system, national interest rates and the printing of our currency. Our LIEberal and CONservative parties colluded to borrow Trillions of dollars from the Rothschild International Banking Cartel and Bilderberg Group controlled governments, banks and global corporations. Canada owes over $2.4 Trillion + Cdn. total and this unnecessary debt is increasing by around $10 Million per day. We are paying interest on the previous interest outstanding and will not be able to pay this debt off in four generations. This financial burden is going to place our children and their children’s, children’s, children (four generations +) to pay off. This is basically economic servitude.
Canada had to put up our national parks, government assets and resources as collateral for borrowing this enormous amount of money, because our political parties sold all our nation’s gold and took our currency off of the gold standard. Not sure when this debt is due to be paid off, but we can’t afford to pay it off anyway. Everyone knows what happens when a person or company reneges on paying the interest or priniciple debt off. The creditor(s) halt credit and the ability to borrow more money. This would be devastating for Canada, it’s economy and Canadians nationwide! Ask the citizens of Greece how that went when the European Union countries refused to lend more money to keep their Greek economy functioning. Not pleasant!!
Luckily, the Greek banking system was salvaged by a fourth huge European loan last year, otherwise, Greece would have become a bankrupt state and this would unleash hell and have brought down other FIAT using nation’s economies like a row of toppling dominoes! . The central bank of Greece shut their banking system down for a month-long ‘bank holiday’. They used the term ‘bank holiday’ to make what happened sound alright, but it is not. No debit cards worked or credit cards, the banks were closed nationwide so no access to any safety deposit boxes and all the ATMs WERE EMPTY WITHIN A DAY. That is a frightening thought to have to exist under those economic stopped conditions but it gets worse. Before the banking system was open again, they stole, confiscated or seized legally 25% of all the people’s money from their bank accounts nationwide. That is the real reason the citizens of Greece rioted in the street. The government called it ‘austerity’! The military was called out to beat the people back into their homes. This was the first time in history of the use of the ‘Bail In Act’. Canada approved the Bail In Act’ in 2013 by the CONservatives and supported by the LIEberals parties. Governments don’t approve new laws unless they intend to use them.
Are you ready for the enforcement of the the ‘Bail In Act” across Canada?