CTV Features Author of Thieves of Bay Street But Neglected Two Important things.
I”m not sure if anyone saw the piece that featured the author of Thieves of Bay Street on CTV recently? If not then take a look at the link below this post, watch the video and read the article but before you do, or right after you do, please know two major things that the author neglected to mention. CTV also closed the comments too soon in my opinion and I never got a chance to respond in time on their actual thread and that”s why I wrote this blog instead. So glad they did that because I”m sure more people will see this information now! I forgot to mention that even before their article and video interview I had mentioned the book on their new social media site in regards to the budget. It is obvious to me that it was used in a way for damage control to protect parts of the unregulated and out of control financial system with half truths.
The two major items that I felt were not mentioned in the report, be it on purpose, or not, are as follows:
1. Bruce Livesey stated that the toxic assets that Canadians purchased with their tax dollars was a good thing but he never mentioned exactly how much the bailout was for, why exactly it was good and whom exactly it was good for. The amount was said to be in the area of $75 BILLION DOLLARS per GlobalResearch.ca May I also take this opportunity to say that I strongly feel that it”s never okay to use tax dollars to bail out private institutions and corporations, especially when I believe that it was their own greed that made them invest in such risky investments that caused such a loss on their part. It”s not good for the people in my honest opinion because we basically paid to keep the same system a float and possibly in doing so the key players with it and also out of jail! Another disgusting thing that was mentioned by Alex Jones of Infowars.com about the American bailouts was that the taxpayers are also responsible for the compounded interest on the bailouts! Yes, I”m almost positive that same goes in Canada too because since the 70s we borrow from private financial institutions that charge us compounded interest on that which brings me to my next point,
2. Our banking system was a bit more sound than the US due to the lower Canadian 9:1 ratio which means that for every dollar the bank invests, they are only allowed to invest $9 of ours, instead of the 40:1 the US banks had going on. Pretty good, right? Well, as you saw in the previous point, we still had toxic assets because it was not a 1:1 ratio and there was still risk for the banks to invest with 9x more of our money. Next instead of borrowing from our often interest free people”s Bank of Canada our civil servants are borrowing from private institutions that charge us that nasty compounded interest. The docTRUEtary, Oh Canada Our Bought and Sold Out Land goes into this, as well as, the money printing business. It”s really eye opening if you ask me and I find that it is not a sound system and we should go back to using our people”s bank as soon as possible. Currently there are 2 Canadians suing over this because Canadians are being taxed so much in order to fund what I feel is legal loan sharking. It”s shameful and wrong on so many levels. Bill Abram, a professor, put out a very informative 25 minute video on the Canadian Banking system and the “theft” of Canadians due to the interest on interest, aka compounded interest, that occurs.
So you see that Bay Street is not the only culprit and we need monetary reform just like the Canadian Action Party platforms on. I was proud to vote for them this past March for the Toronto Danforth by-election. They only received 77 votes, but hopefully more Canadians will wake up and vote for what I feel is a true party for the people of Canada.
I forgot to mention that our Canadian Bank of Canada head, Mark Carney, was a former Goldman Sacks employee for 13 years, aye yai-yai! According to the CBC he is also currently the head of the world bank too?!
Globalization in my opinion is evil and a world bank is even more evil. Seriously, banks and money should only be about convenience so we don”t have to lug things around. It”s getting to the point where we have a spiritual mark burdening us instead as a trade off and it”s not fair. Banks and money are not more important than people and it should flow a lot more to the people to make their lives easier or it”s not working right. Jesus threw out the bankers from the temple for a reason and then he was crucified I feel that greedy people who scam others are weak, possessed and a danger to us and our society. We need more regulations!
*** Maybe I should have said Robbing HOODS 2008 crooks that rob from the poor to give to the filthy-greedy less than 1% super rich! Super Mondo DISGUSTING!!!!
To make things right I strongly feel that the bailouts should be returned to the people and the massive debts, due to a majority of bad debt with fake AAA ratings, along with all that compounded interest all over the world be wiped out… just like the Mayans used to do every year. The people that caused the financial crisis should return all their money that the made and GO TO JAIL for at least 25 years! 2012 is all about being positive, good, moral and doing things truthfully in the light. It”s all about new beginnings and learning the universes secrets. They will never be revealed in a negative and evil world, I can guarantee you that.
Note: I have edited this almost 10x at least because I”m back from holiday and I”m not a professionally trained writer. Sure, I took English classes in high school and college but nothing major. Anyways, you all get what I am saying. If not message me via FB. Cheers!
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