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Joe Shlabotnik

(5,604 posts)

4. As a criteria for joining the G7

Reply to midnight (Original post)

Sat Nov 10, 2012, 04:12 PM

Nov 2012

Canada was told by the IMF and World bank to stop issuing its own currency through the Bank of Canada, and instead borrow the money from commercial banks. As a result, since 1975 our national debt has exploded.

We still have the bank of Canada, but no politician has the guts or desire to start issuing currency again, which could fund federal infrastructure projects and initiatives at next to zero interest.

The cost of admission to the global elite club is having bankers write your laws. (And multinationals write your trade deals too)

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Globally, 40 percent of banks are publicly owned, and they are concentrated in countries that also [View all] midnight Nov 2012 OP

It would be nice if we looked around our own country and the world... ReasonableToo Nov 2012 #1

Yes... It is time to start implementing best practices, and stop bailing out private banks... midnight Nov 2012 #2

There was talk of OWS starting up a bank. mick063 Nov 2012 #3

I was searching for an article that I read about this topic via Occupy Wall Street, but midnight Nov 2012 #5

As a criteria for joining the G7 Joe Shlabotnik Nov 2012 #4

Bankers writing laws is as criminal as ALEC writing our laws.... midnight Nov 2012 #6