Sign Petition

Creating Government Money Using the Bank of Canada

43 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.

  • Tina Van Egmond
    Tina Van Egmond Canada, Iroquois
    Feb 15, 2015
    Feb 15, 2015
    Enough already! Time for change is right now.
  • Eric Denali
    Eric Denali Canada, Toronto
    Feb 13, 2015
    Feb 13, 2015
    No money is created to pay the interest charges so principal can never be paid off. Vehicle manufacturers give 0% Loans. BOC can do the same. So lets make this work.
  • B R Fuller
    B R Fuller Canada, Nelson
    Jan 23, 2015
    Jan 23, 2015
    How ludicrous for a government to saddle it's citizens with huge amounts of interest bearing debt to be paid to private bankers for their profit when the same government could borrow practically interest free from it's own bank. To do otherwise is a sign of criminality on a grand scale that will eventually have to be reckoned with.
  • B R Fuller
    B R Fuller Canada, Nelson
    Jan 23, 2015
    Jan 23, 2015
    How ludicrous for a government to saddle it's citizens with huge amounts of interest bearing debt to be paid to private bankers for their profit when the same government could borrow practically interest free from it's own bank. To do otherwise is a sign of criminality on a grand scale that will eventually have to be reckonded with.
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40

Signatures

  • 2 months ago
    Kyle
    2 months ago
  • 3 months ago
    Tina Van Egmond
    3 months ago
  • 3 months ago
    Eric Denali
    3 months ago
  • 3 months ago
    alexis osorio
    3 months ago
  • 3 months ago
    B R Fuller
    3 months ago
  • 3 months ago
    B R Fuller
    3 months ago
  • 3 months ago
    B R Fuller
    3 months ago
  • 5 months ago
    Derek Birch
    5 months ago
  • 5 months ago
    Norma Dickinson
    5 months ago
  • 6 months ago
    Jeff Warner
    6 months ago
  • 6 months ago
    Gordon Coggins
    6 months ago
  • 8 months ago
    Harry
    8 months ago
  • 10 months ago
    Kurt Paproski
    10 months ago
  • 11 months ago
    Joshua Pelland
    11 months ago
  • 1 year ago
    Willy Ens
    1 year ago
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