The government has finally agreed to restore the original mandate. We won. Stay tuned for the implementation phase.
April 9, 2013
Final supporters
In 1974, regulations on the Bank of Canada were changed and we started to spiral into a never ending cycle of debt. Privately owned international banks became able to create Canadian currency under a system of fractional reserve banking.
In the 38 years since the changes in 1974, our national debt has now reached $588 billion and is showing no signs of slowing down. the Canadian tax payers are on the hook for daily payments of $170 million. On the interest alone! This works out to be $60 billion dollars a year on just interest payments.
In our current times of economic hardships and austerity cuts. Common sense only dictates that ending this current cycle will greatly improve our economic standings and quality of life.
Updates
March 18, 2013
Five hundred signatures on the board. This is gaining real traction.
Reached 500 supporters
March 15, 2013
Reached 100 supporters
August 30, 2012
6 Comments
This is the most serious issue faceing Canadians since 1974. I would vote for a government who fixes only this one issue.
170 million everyday in interest to private banks while we have our own bank which can, as it used to, create interest-free money. Why?
170 million everyday in interest to private banks while we have our own bank which can, as it used to, create interest-free money. Why?
as we sign try and understand that this will save us about 170 million dollars daily
The banks are bleeding us dry. Why are we paying interest on our own money when the solution is sitting right there in history books? Fix this mess now.
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
Copy link or share directly
The government has finally agreed to restore the original mandate. We won. Stay tuned for the implementation phase.
April 9, 2013
Final supporters
In 1974, regulations on the Bank of Canada were changed and we started to spiral into a never ending cycle of debt. Privately owned international banks became able to create Canadian currency under a system of fractional reserve banking.
In the 38 years since the changes in 1974, our national debt has now reached $588 billion and is showing no signs of slowing down. the Canadian tax payers are on the hook for daily payments of $170 million. On the interest alone! This works out to be $60 billion dollars a year on just interest payments.
In our current times of economic hardships and austerity cuts. Common sense only dictates that ending this current cycle will greatly improve our economic standings and quality of life.
Updates
March 18, 2013
Five hundred signatures on the board. This is gaining real traction.
Reached 500 supporters
March 15, 2013
Reached 100 supporters
August 30, 2012
6 Comments
This is the most serious issue faceing Canadians since 1974. I would vote for a government who fixes only this one issue.
This is the most serious issue faceing Canadians since 1974. I would vote for a government who fixes only this one issue.
170 million everyday in interest to private banks while we have our own bank which can, as it used to, create interest-free money. Why?
170 million everyday in interest to private banks while we have our own bank which can, as it used to, create interest-free money. Why?
as we sign try and understand that this will save us about 170 million dollars daily
The banks are bleeding us dry. Why are we paying interest on our own money when the solution is sitting right there in history books? Fix this mess now.
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
Petitions like this
Other petitions you might want to support
Scan to share
Anyone who scans this can sign the petition.
This is the most serious issue faceing Canadians since 1974. I would vote for a government who fixes only this one issue.