What Happened To The Bank of Canada And Why

http://worldcyclesinstitute.com/cycles-and-the-canadian-banking-scandal/

Canada is in an unique position. That’s because we have the only public central bank in the block of G8 countries; the ability to create our own money is “baked into” our constitution. All the other G8 countries, if they have a central bank, have private ones. Take, for example, the Federal Reserve. It consists of twelve private banks controlled by shareholders who are obviously interested in making money from creating digital money (out of thin air, mind you) lending it, and charging compounding interest over time.

Canada has a public bank, the Bank of Canada. It was founded in 1934 (due to the hard times of the depression). In the Canadian constitution, it’s allowed to lend money at no interest to municipal, provincial, and federal governments for education, health, housing, and other social services. And it could loan money at low interest for other projects. Any interest, of course, would be paid back to the government. In other words, to taxpayers. To us.

In 1974, Prime Minister Pierre Elliott Trudeau made the decision to stop using the Bank of Canada for our money, and instead borrow it from a private bank outside of Canada (the Bank for International Settlements in Switzerland) and pay interest to that private bank! Obviously that’s not in the interest of the Canadian people (but I’m sure a threat from the cartel went along with the decision).

Canada’s debt is staggering … and it’s getting worse. But we can change the status quo. We can take back the power to create our own money, stolen from us in 1974.

 

Money laundering and public fraud go together with lower interest rates for Canadian savers. Who get nothing in return for their deposits in any bank, the greater return is now for the politicians who benefit from our money.
That interest paid by the BoC doesn't go exactly to private Banks in Switserland in a way of payment but in a way of deposit for the politician's accounts.