Sign Petition

Creating Government Money Using the Bank of Canada

62 Signatures Goal: 100,000

We, the undersigned, believe that, under no circumstances should the sovereign Government of Canada borrow from commercial banks; THAT to do so results in unnecessary compound interest payments; and so REDIRECTS government money away from health care, education,and socio-environmental programs that Canadians want. THAT moneys borrowed by our governments from the Bank of Canada would (i) be exempt from compound interest charges; (ii) could be used in service of social programs; and (iii) would not cause inflation: in fact, it is borrowing from commercial banks at compound interest rates that causes inflation and inhibits social program development. THEREFORE WE REQUEST that the Federal Government, through the Federal Finance Minister, direct [Bank of Canada Act, s. 14(2)] the Governor of the Bank of Canada to create, through the Bank of Canada, progressively more of the money Canadian governments need, thereby (i) avoiding counterproductive and egregious debt payments which benefit only the financial 'community'; and (ii) making available more of the funding needed to ensure and be of benefit to the wellbeing of all Canadians.

  • Sam Giannopoulos
    Sam Giannopoulos Canada, Kitchener
    Dec 28, 2015
    Dec 28, 2015
    We as Canadians should have our "Bank of Canada" taking care of our Monetary Issuance not private/foreign Banksters . Wake up Canadians before it is too late!!!
  • Sandra Kisch
    Sandra Kisch Canada, Calgary
    Nov 23, 2015
    Nov 23, 2015
    Banks should not have power over the government.
  • Anonymous
    Anonymous
    Nov 06, 2015
    Nov 06, 2015
    This should NEVER have been tolerated!
  • Jack Baird
    Jack Baird Canada, Delta
    Oct 26, 2015
    Oct 26, 2015
    Let's not allow this to continue and get our economy back under our control.
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62

Signatures

  • 1 month ago
    Sam Giannopoulos Canada
    1 month ago
  • 3 months ago
    Sandra Kisch Canada
    3 months ago
  • 3 months ago
    Kia Johnsen Canada
    3 months ago
  • 3 months ago
    Lisa Crozier Canada
    3 months ago
  • 3 months ago
    Michelle Whitcomb United States
    3 months ago
  • 3 months ago
    Jack Baird Canada
    3 months ago
  • 4 months ago
    Rick Ketcheson Canada
    4 months ago
  • 4 months ago
    Julian Woods Germany
    4 months ago
  • 4 months ago
    john hall Canada
    4 months ago
  • 4 months ago
    Jozef Sioncke Belgium
    4 months ago
  • 4 months ago
    Bernard Igwe Canada
    4 months ago
  • 7 months ago
    Joe Calbery Canada
    7 months ago
  • 8 months ago
    Andrew Warren Canada
    8 months ago
  • 9 months ago
    marysm
    9 months ago
  • 9 months ago
    C Dobson
    9 months ago
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