Category: Banking Cartel

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Restoring The 1934 Bank Of Canada Act

(Bank for International Settlements, or BIS)

(Basel Committee)

(Great video by Stephan Smith)

(Jack Layton and Elizabeth May know full well about the international banking cartel. However they act as controlled opposition and remain silent)

(Great video by NoLongerATheory on 1974 sellout by Trudeau Sr.)

The Bank of Canada Act was passed in 1934. It allowed the Canadian Government to borrow from its own central bank, in a sense, to “borrow from itself”. However, things drastically changed in 1974. Pierre Trudeau changed it so that Canada would now be borrowing from “private banks”, and racking up debt and interest charges in the meantime.

From the Global Research article:

Between 1939 and 1974, the government actually did borrow from its own central bank. That made its debt effectively interest-free, since the government owned the bank and got the benefit of the interest. According to figures supplied by Jack Biddell, a former government accountant, the federal debt remained very low, relatively flat, and quite sustainable during those years. (See his chart below.) The government successfully funded major public projects simply on the credit of the nation, including the production of aircraft during and after World War II, education benefits for returning soldiers, family allowances, old age pensions, the Trans-Canada Highway, the St. Lawrence Seaway project, and universal health care for all Canadians.

This is the main takeaway here: Borrowing from your own central bank effectively makes the loans interest free, since you are borrowing from yourself as opposing to borrowing from someone else.

From the Canadian Dimension article:

The critical point is that between 1939 and 1974 the federal government borrowed extensively from its own central bank. That made its debt effectively interest-free, since the government owned the bank and got the benefit of any interest. As such Canada emerged from World War II and from all the extensive infrastructure and other expenditures with very little debt. But following 1974 came a dramatic change.

Reiterating the point, that Canada was borrowing from itself until 1974.

1. Pierre Trudeau’s Dual Loyalty

In 1974 the Bank for International Settlements (the bank of central bankers) formed the Basel Committee to ostensibly establish global monetary and financial stability. Canada, i.e., the Pierre Trudeau Liberals, joined in the deliberations. The Basel Committee’s solution to the “stagflation” problem of that time was to encourage governments to borrow from private banks, that charged interest, and end the practice of borrowing interest-free from their own publicly owned banks. Their argument was that publicly owned banks inflate the money supply and prices, whereas chartered banks supposedly only recycle pre-existing money. What they purposefully suppressed was that private banks create the money they lend just as public banks do. And as banking specialist Ellen Brown states: “The difference is simply that a publicly-owned bank returns the interest to the government and the community, while a privately-owned bank siphons the interest into its capital account, to be reinvested at further interest, progressively drawing money out of the productive economy.” The effect of such a change would remove a powerful economic tool from the hands of democratic governments and give such control to a cabal of foreign bankers. This was one of Milton Friedman’s radical free-market ideas.

At that time it seems that Prime Minister Pierre Trudeau came under the influence of neoliberalism, promulgated by Frederich Hayek and Milton Friedman. Then, while attending the Basil Committee sessions, he probably came under further influence of fellow Bilderberg attendees and as a result he accepted the partisan flawed logic from the world’s top banks. Apparently on the basis of this, he decided that Canada should dramatically reduce borrowing interest-free money from Canada’s own bank and instead borrow the bulk of its money from chartered banks and pay interest on the loans. It appears that this decision was made without informing Canada’s parliament. This was such a fundamental change of policy that it should not only have been debated in parliament, this should have been put to a national referendum. Strangely, even when this became known, this was apparently never questioned by the opposition parties, especially the NDP, and never revealed in the media. Strange indeed.

John Ryan, writing for Canadian Dimension points out the obvious flaw in the logic of private bank loans. Yes, they create money as well, but their obligations are to shareholders.

Why is it that Canada’s mainstream media has never brought any of these matters to the public’s attention? After the Supreme Court declined to deal with this case, citing specious reasoning that this was more of political issue than a judicial one, the media boycotted the story and therefore hardly anyone in Canada knows of this case. Canada’s top constitutional lawyer Rocco Galati who handled this lawsuit has always gotten major media attention, except for this case, which he considers to have been his most important lawsuit. Prior to this, Galati had been best known for stopping the Supreme Court appointment of Judge Marc Nadon, whose nomination had been put forward by Stephen Harper. Although Galati is unable to identify his sources, he states that he was informed that the government instructed the mainstream media to give this case, and prior lawsuits on this matter, limited coverage. And they complied. The story trickled out through alternative news sources.

In the course of five court hearings dealing with this case, Rocco Galati, as the lead lawyer, maintained that since Canada joined the Bank of International Settlements all their ensuing meetings have been kept secret. Their minutes, discussions and deliberations are secret and not available nor accountable to Canada’s Parliament, notwithstanding that the Bank of Canada policies emanate directly from these meetings. As Galati has stated: “These organizations are essentially private, foreign entities controlling Canada’s banking system and socio-economic policies.” As such, private foreign banks and financial interests, contrary to the Bank of Canada Act, dictate the Bank of Canada and Canada’s monetary and financial policy.

Galati is of course correct, and the COMER case is the subject of the next article. The Governments of both Stephan Harper and Justin Trudeau fought tooth and nail to keep the banking cartel in place in Canada.

One would THINK that the NDP would be all over the case, but surprisingly not. Guess standing up for the little guy has its limits.

As a result of being part of the banking cartel, our “debt” keeps increasing. Truth be told, it will never be paid off, since it is designed not to be.

2. How Much Debt?


Dollars (millions)
Net federal government financial debt
1930 $2,178
1931 $2,262
1932 $2,376
1933 $2,596
1934 $2,730
1935 $2,846
1936 $3,006
1937 $3,084
1938 $3,102
1939 $3,153
1940 $3,271
1941 $3,649
1942 $4,045
1943 $6,183
1944 $8,740
1945 $11,298
1946 $13,421
1947 $13,048
1948 $12,372
1949 $11,776
1950 $11,626
1951 $11,427
1952 $11,163
1953 $11,151
1954 $11,092
1955 $11,229
1956 $11,241
1957 $10,967
1958 $11,015
1959 $11,627
1960 $12,047
1961 $12,394
1962 $13,378
1963 $14,079
1964 $15,262
1965 $15,748
1966 $15,381
1967 $15,866
1968 $16,713
1969 $17,396
1970 $18,095
1971 $18,581
1972 $19,328
1973 $20,123
1974 $21,580
1975 $24,769
1976 $28,573
1977 $32,629
1978 $45,846
1979 $59,040
1980 $72,555
1981 $86,280
1982 $99,600
1983 $128,302
1984 $164,532
1985 $209,891
1986 $245,151
1987 $276,735
1988 $305,438
1989 $333,519
1990 $362,920
1991 $395,075
1992 $428,682
1993 $471,061
1994 $513,219
1995 $550,685
1996 $578,718
1997 $588,402
1998 $581,581
1999 $574,468
2000 $561,733
2001 $545,300
2002 $534,690
2003 $526,492
2004 $523,648
2005 $523,344
2006 $514,099
2007 $508,122
2008 $490,412

See the source.

In 1930, Canada’s national debt was about $2 billion. In $1974, it was about $20 billion. A decade after changes to the Act, the debt was about $160, or 8 times higher.

Worth noting, that Brian Mulroney, who was PM from 1984 until 1993 added over $300 billion to the national debt.

3. Fighting Back: Committee on Monetary & Economic Reform

Supreme Court of Canada Dismisses Constitutional Bank of Canada Case, Claiming It Is a Political Matter

We believe that the case has ample legal merit, and should have proceeded to trial. It is not uncommon for the Supreme Court to refuse leave on a given issue multiple times, finally to grant leave, hear the appeal and the case then succeeds. The Supreme Court controls its own agenda, both in its timing and on the merits of issues it will or will not hear. (Annually, fewer than 8–10% of all cases filed are granted permission and heard at the Supreme Court of Canada.)

It should be noted that throughout this arduous and expensive legal process, the substance of this lawsuit initiated in the public interest has not been addressed. The matters raised by the lawsuit are summarized in the original news release (pdf) issued on December 19, 2011.)

See the source

A 5 1/2 year legal fight to restore the original central banking. Even more frustrating is that the Courts have never really addressed the issues which led to the challenge in the first place.

The Supreme Court says it is a “political matter”, but no politicians in Canada have the willpower to address it, never mind fix it. Even “socialist” and “populist” politicians seem unwilling to take it on.

4. Who Are These People?

About BIS – overview

Our mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks.

Established in 1930, the BIS is owned by 60 central banks, representing countries from around the world that together account for about 95% of world GDP. Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City.

We pursue our mission by:

  • fostering discussion and facilitating collaboration among central banks
  • supporting dialogue with other authorities that are responsible for promoting financial stability
  • carrying out research and policy analysis on issues of relevance for monetary and financial stability
  • acting as a prime counterparty for central banks in their financial transactions
  • serving as an agent or trustee in connection with international financial operations

As part of our work in the area of monetary and financial stability, we regularly publish related analyses and international banking and financial statistics that underpin policymaking, academic research and public debate.

With regard to our banking activities, our customers are central banks and international organisations. We do not accept deposits from, or provide financial services to, private individuals or corporate entities.

Supposedly, the Bank for International Settlements is “owned” by 60 central banks. It then facilitates discussions between those 60 banks. In short, it is a global collusion to fix monetary policies.

Interesting that the “central banks” are supposed to be owned by their respective nations, yet, BIS recommends borrowing from “private” bankers. Almost as if it wasn’t acting in the nations’ self interests.

5. Not in Canada’s Interests


This should be obvious, but borrowing from private banks is not in Canada’s best interests, nor any nations. This is bankrupting our nation, to enrich global bankers.

Restore the 1934 Bank of Canada Act, and let us take back control over our own finances.

Curious, even when national and provincial debts are in the news so much, no one asks the obvious question. Why are we jacking up our debt by borrowing from private banks?

(1) https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=1010004801#timeframe
(2) https://en.wikipedia.org/wiki/Bank_for_International_Settlements
(3) https://www.bis.org
(4) https://www.bis.org/about/member_cb.htm
(5) https://www.bis.org/bcbs/organ_and_gov.htm
(6) https://canadiandimension.com/articles/view/the-bank-of-canada-should-be-reinstated-to-its-original-mandated-purposes
(7) https://www.globalresearch.ca/oh-canada-imposing-austerity-on-the-world-s-most-resource-rich-country/30074
(8) http://www.comer.org/content/SupremeCourtDecision_4May17.htm
(9) http://www.comer.org/content/AmendedClaimStatement26Mar2015.pdf
(10) https://laws-lois.justice.gc.ca/eng/acts/B-2/

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Agenda 21: UN Sustainable Development, Wealth Transfer

(Agenda 21, signed in 1992)

CLICK HERE, for the link to the actual globalist document.

The document itself is basically a 351 page book. Instead of listing the entire thing, here are the table of contents

CONTENTS Chapter Paragraphs 1. Preamble 1.1 – 1.6
.
SECTION I. SOCIAL AND ECONOMIC DIMENSIONS
2. International cooperation to accelerate sustainable development in developing countries and related domestic policies 2.1 – 2.43
3. Combating poverty 3.1 – 3.12
4. Changing consumption patterns 4.1 – 4.27
5. Demographic dynamics and sustainability 5.1 – 5.66
6. Protecting and promoting human health conditions 6.1 – 6.46
7. Promoting sustainable human settlement development 7.1 – 7.80
8. Integrating environment and development in decision-making 8.1 – 8.54
.
SECTION II. CONSERVATION AND MANAGEMENT OF RESOURCES FOR DEVELOPMENT
9. Protection of the atmosphere 9.1 – 9.35
10. Integrated approach to the planning and management of land resources 10.1 – 10.18
11. Combating deforestation 11.1 – 11.40
12. Managing fragile ecosystems: combating desertification and drought 12.1 – 12.63
13. Managing fragile ecosystems: sustainable mountain development 13.1 – 13.24
14. Promoting sustainable agriculture and rural development 14.1 – 14.104
15. Conservation of biological diversity 15.1 – 15.11
16. Environmentally sound management of biotechnology 16.1 – 16.46
17. Protection of the oceans, all kinds of seas, including enclosed and semi-enclosed seas, and coastal areas and the protection, rational use and development of their living resources 17.1 – 17.136
18. Protection of the quality and supply of freshwater resources: application of integrated approaches to the development, management and use of water resources 18.1 – 18.90
19. Environmentally sound management of toxic chemicals, including prevention of illegal international traffic in toxic and dangerous products 19.1 – 19.76
20. Environmentally sound management of hazardous wastes, in hazardous wastes 20.1 – 20.46 21. Environmentally sound management of solid wastes and sewage-related issues 21.1 – 21.49 22. Safe and environmentally sound management of radioactive wastes 22.1 – 22.9
.
SECTION III. STRENGTHENING THE ROLE OF MAJOR GROUPS
23. Preamble 23.1 – 23.4
24. Global action for women towards sustainable and equitable development 24.1 – 24.12
25. Children and youth in sustainable development 25.1 – 25.17
26. Recognizing and strengthening the role of indigenous people and their communities 26.1 – 26.9
27. Strengthening the role of non-governmental organizations: partners for sustainable development 27.1 – 27.13 28. Local authorities’ initiatives in support of Agenda 21 28.1 – 28.7
29. Strengthening the role of workers and their trade unions 29.1 – 29.14
30. Strengthening the role of business and industry 30.1 – 30.30
31. Scientific and technological community 31.1 – 31.12
32. Strengthening the role of farmers 32.1 – 32.14
.
SECTION IV. MEANS OF IMPLEMENTATION
33. Financial resources and mechanisms 33.1 – 33.21
34. Transfer of environmentally sound technology, cooperation and capacity-building 34.1 – 34.29
35. Science for sustainable development 35.1 – 35.25
36. Promoting education, public awareness and training 36.1 – 36.27
37. National mechanisms and international cooperation for capacity-building in developing countries 37.1 – 37.13 38. International institutional arrangements 38.1 – 38.45
39. International legal instruments and mechanisms 39.1 – 39.10 40. Information for decision-making 40.1 – 40.30 * * * * * * Copyright © United Nations Division for Sustainable Development

Interesting note: #5 goes on at length about “monitoring” demographic changes, but doesn’t give any priority to “maintaining” demographics.

(b) Raising awareness of demographic and sustainable development interactions
5.37. Understanding of the interactions between demographic trends and factors and sustainable development should be increased in all sectors of society. Stress should be placed on local and national action. Demographic and sustainable development education should be coordinated and integrated in both the formal and non-formal education sectors. Particular attention should be given to population literacy programmes, notably for women. Special emphasis should be placed on the linkage between these programmes, primary environmental care and the provision of primary health care and services.

Section 24 has to do with gender. It wouldn’t be a United Nations agreement without plenty of virtue signalling. Here are 2 parts: (a) gender quotas; and (b) free child care. Also, am assuming that “reproductive rights” is code for abortion.

24.3. Governments should take active steps to implement the following:
a. Measures to review policies and establish plans to increase the proportion of women involved as decision makers, planners, managers, scientists and technical advisers in the design, development and implementation of policies and programmes for sustainable development;

e. Programmes to establish and strengthen preventive and curative health facilities, which include women-centred, women-managed, safe and effective reproductive health care and affordable, accessible, responsible planning of family size and services, as appropriate, in keeping with freedom, dignity and personally held values. Programmes should focus on providing comprehensive health care, including pre-natal care, education and information on health and responsible parenthood, and should provide the opportunity for all women to fully breastfeed at least during the first four months post-partum. Programmes should fully support women’s productive and reproductive roles and well-being and should pay special attention to the need to provide equal and improved health care for all children and to reduce the risk of maternal and child mortality and sickness.

Section 33 gets to the heart of the matter: MONEY

>33.1. The General Assembly, in resolution 44/228 of 22 December 1989, inter alia, decided that the United Nations Conference on Environment and Development should:
.
Identify ways and means of providing new and additional financial resources, particularly to developing countries, for environmentally sound development programmes and projects in accordance with national development objectives, priorities and plans and to consider ways of effectively monitoring the provision of such new and additional financial resources, particularly to developing countries, so as to enable the international community to take further appropriate action on the basis of accurate and reliable data; Identify ways and means of providing additional financial resources for measures directed towards solving major environmental problems of global concern and especially of supporting those countries, in particular developing countries, for which the implementation of such measures would entail a special or abnormal burden, owing, in particular, to their lack of financial resources, expertise or technical capacity;

This article could go on forever, but take this away:
1/ Virtue signalling
2/ Huge wealth transfer
3/ Zero accountability

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Agenda 2030: UN Sustainable Development, Wealth Transfer Scheme

(A wealth transfer scheme that would put the Paris Accord to shame)

Frank Vaughn does an interesting review of Agenda 2030. Go check out his podcast.

CLICK HERE, for the link to Agenda 2030.
2030 Agenda for Sustainable Development web

Declaration
.
Introduction
1. We, the Heads of State and Government and High Representatives, meeting at United Nations Headquarters in New York from 25 to 27 September 2015 as the Organization celebrates its seventieth anniversary, have decided today on new global Sustainable Development Goals.

Before going any further, let’s point one thing out: this was signed at the end of September 2015. Stephen Harper (yes, a so-called “Conservative”) was still Prime Minister. It was another month before he was voted out.

Sustainable Development Goals
Goal 1. End poverty in all its forms everywhere
Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
Goal 3. Ensure healthy lives and promote well being for all at all ages
Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Goal 5. Achieve gender equality and empower all women and girls
Goal 6. Ensure availability and sustainable management of water and sanitation for all
Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Goal 10. Reduce inequality within and among countries
Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable
Goal 12. Ensure sustainable consumption and production patterns
Goal 13. Take urgent action to combat climate change and its impacts*
Goal 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

A quick look will show 2 things:
1/ A near obsession with gender equality
2/ This is a massive wealth transfer scheme

1.4 By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, natural resources, appropriate new technology and financial services, including microfinance

1.5 By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate related extreme events and other economic, social and environmental shocks and disasters

All men and women will have equal rights to economic resources? Sounds lovely, but a logistical question: what about cultures which don’t give equal rights to women? Remember diversity is our strength, and cultures must be respected.

Build the resilience to reduce exposure and vulnerabilities? Okay, this sounds expensive.

2.a Increase investment, including through enhanced international cooperation, in rural infrastructure, agricultural research and extension services, technology development and plant and livestock gene banks in order to enhance agricultural productive capacity in developing countries, in particular least developed countries

Livestock gene banks? Genetically modified farm animals and crops?
Some more detail on the research would be nice.

3.c Substantially increase health financing and the recruitment, development, training and retention of the health workforce in developing countries, especially in least developed countries and small island developing States

4.a Build and upgrade education facilities that are child, disability and gender sensitive and provide safe, non violent, inclusive and effective learning environments for all

What about nations and cultures who view women as second class people? Will they be on board with this? And build and upgrade facilities? Are we building entire schools?

>5.6 Ensure universal access to sexual and reproductive health and reproductive rights as agreed in accordance with the Programme of Action of the International Conference on Population and Development and the Beijing Platform for Action and the outcome documents of their review conferences

Health care is important. No argument on that. However,

Two points worth addressing here.
First, “access to reproductive rights”? Is this code for financing abortions globally?
Second, what about cultures that don’t recognize women as equals?

6.a By 2030, expand international cooperation and capacity building support to developing countries in water and sanitation related activities and programmes, including water harvesting, desalination, water efficiency, wastewater treatment, recycling and reuse technologies

This I would actually agree with.

7.b By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States and landlocked developing countries, in accordance with their respective programmes of support

Expand infrastructure. More $$$. Don’t we already pay billions annually for foreign aid? Where does it go, and how will we ensure this isn’t wasted?

8.a Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade related Technical Assistance to Least Developed Countries

Increased aid. More $$$$

9.b Support domestic technology development, research and innovation in developing countries, including by ensuring a conducive policy environment for, inter alia, industrial diversification and value addition to commodities

9.c Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries by 2020

So we are financing internet and communications which will presumably be better an cheaper than what we schlubs have to buy ourselves? Now, are we financing research, or just handing over technology?

10.b Encourage official development assistance and financial flows, including foreign direct investment, to States where the need is greatest, in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmes

You read it right here: all about financial flow.

11.2 By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all, improving road safety, notably by expanding public transport, with special attention to the needs of those in vulnerable situations, women, children, persons with disabilities and older persons

Providing access to public transport systems? Does this mean the West will be financing the entire construction and installation of such systems?

12.a Support developing countries to strengthen their scientific and technological capacity to move towards more sustainable patterns of consumption and production

Clarification: Are we financing research in developing countries, or are we simply giving large amounts of Westerm developed technology?

13.2 Integrate climate change measures into national policies, strategies and planning

If industry and burning fossil fuels causes greenhouse gases, which lead to global warming, the “why” would we be trying to develop industry here? Seems counterintuitive.

15.a Mobilize and significantly increase financial resources from all sources to conserve and sustainably use biodiversity and ecosystems

If food, water, sanitation and health care are so urgent, then wouldn’t this be a very low priority by comparison? Just saying, human welfare should take precedent.

16.a Strengthen relevant national institutions, including through international cooperation, for building capacity at all levels, in particular in developing countries, to prevent violence and combat terrorism and crime

What about places like Palestine, which democratically elected Hamas, a terrorist group? Will they still get funded? Will funds go to “combatting terrorism”?

Means of implementation and the Global Partnership
60. We reaffirm our strong commitment to the full implementation of this new Agenda. We recognize that we will not be able to achieve our ambitious Goals and targets without a revitalized and enhanced Global Partnership and comparably ambitious means of implementation. The revitalized Global Partnership will facilitate an intensive global engagement in support of implementation of all the Goals and targets, bringing together Governments, civil society, the private sector, the United Nations system and other actors and mobilizing all available resources.

61. The Agenda’s Goals and targets deal with the means required to realize our collective ambitions. The means of implementation targets under each Sustainable Development Goal and Goal 17, which are referred to above, are key to realizing our Agenda and are of equal importance with the other Goals and targets. We shall accord them equal priority in our implementation efforts and in the global indicator framework for monitoring our progress.

62. This Agenda, including the Sustainable Development Goals, can be met within the framework of a revitalized Global Partnership for Sustainable Development, supported by the concrete policies and actions outlined in the Addis Ababa Action Agenda, which is an integral part of the 2030 Agenda for Sustainable Development. The Addis Ababa Action Agenda supports, complements and helps to contextualize the 2030 Agenda’s means of implementation targets. It relates to domestic public resources, domestic and international private business and finance, international development cooperation, international trade as an engine for development, debt and debt sustainability, addressing systemic issues and science, technology, innovation and capacity building, and data, monitoring and followup.

63. Cohesive nationally owned sustainable development strategies, supported by integrated national financing frameworks, will be at the heart of our efforts. We reiterate that each country has primary responsibility for its own economic and social development and that the role of national policies and development strategies cannot be overemphasized. We will respect each country’s policy space and leadership to implement policies for poverty eradication and sustainable development, while remaining consistent with relevant international rules and commitments. At the same time, national development effort need to be supported by an enabling international economic environment, including coherent and mutually supporting world trade, monetary and financial systems, and strengthened and enhanced global economic governance. Processes to develop and facilitate the availability of appropriate knowledge and technologies globally, as well as capacity building, are also critical. We commit to pursuing policy coherence and an enabling environment for sustainable development at all levels and by all actors, and to reinvigorating the Global Partnership for Sustainable Development.

From reading through this: Agenda 2030 puts a large focus on wealth transfer, from developed nations to underdeveloped nations. However, there seems to be no focus on internal control or auditing mechanisms to ensure the money is actually well spent.

At heart, this is really a globalist agreement.
What “Conservative” would actually sign off on this?

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Statistics Canada Wants Banks to Hand Over Customer Data

(An Orwellian scheme is being devised here)

If true, this story is disturbing. Statistics Canada wants to collect the banking data from 500,000 Canadians each year.

Statistics Canada claims it wants: “to start collecting, on a limited basis, financial transactions data from banks, as well as other organizations that may process financial transactions data.”

Section 13 of the Statistics Act reads as follows:

Access to records
.
13 A person having the custody or charge of any documents or records that are maintained in any department or in any municipal office, corporation, business or organization, from which information sought in respect of the objects of this Act can be obtained or that would aid in the completion or correction of that information, shall grant access thereto for those purposes to a person authorized by the Chief Statistician to obtain that information or aid in the completion or correction of that information.
R.S., 1985, c. S-19, s. 13;

So, “anyone” with “any” records of “any” sort MUST disclose them if Statistics Canada believes the information can be used for statistical purposes. That is what the law says.

Furthermore, the Canadian Privacy Act is really no help here. It claims data collection is okay, as long as it relates to its purpose.

Collection, Retention and Disposal of Personal Information
Marginal note:
.
Collection of personal information
.
4 No personal information shall be collected by a government institution unless it relates directly to an operating program or activity of the institution.

While this seems — at least on paper — to be legal, one could easily argue that neither the Statistics Act nor the Privacy Act were ever designed for this

The transaction data would include:
(a) Description of the transaction
(b) Date and Time
(c) Location
(d) Value of the transactions

The transactions would be linked to a customer by way of:
(I) Name
(II) Social Insurance Number
(III) Date of Birth
(IV) Gender
(V) Address

Spokesman James Tabreke claims that obtaining all the personal identifiers is necessary in order to “gain a snapshot” of certain types of customers. He says that StatsCan is not interested in anyone in particular, but just using the information to observe trends.

Even if this were true, the idea of banks handing over such information “without the customers’ knowledge or consent” is quite chilling indeed.

The math provided by the Global article is confusing.

First, supposedly, 500,000 people’s data is to be taken. It states the odds of being chosen are 1 in 20. That would only be true if there were 10 million people in Canada. There are 36-37 million at this point. Teenagers and adolescents frequently have bank accounts too. So, where does the 1 in 20 chance come from?

Second, if this were being done for statistical purposes, why would 500,000 people need to be selected? Political polling, for example, uses samples between 500 and 2000. A sample of perhaps 10,000 would obtain results accurate to within 1% error.

Third, an omission here: if there were to be 500,000 Canadians each year, would StatsCan be using the data of the same people, and contrasting their behavioural changes, or would it be 500,000 more Canadians?

For media inquiries of the Canadian Banker’s Association:
Aaron Boles
Tel: (416) 362-6093 ext. 350
Cell: (647) 274-8495
Email:aboles@cba.ca

For media inquiries from Statistics Canada:
Media Relations — Media Hotline
613-951-INFO (951-4636)
8:30am to 5:00pm Eastern Time, Monday to Friday, excluding holidays.
E-mail: statcan.mediahotline-ligneinfomedias.statcan@canada.ca

At the time of writing, messages have been left with both institutions.

Tabreke claims that this method of forcing banks to hand over personal data will improve on, and eventually replace the surveys that have traditionally been mailed out. While the honesty is refreshing, it is downright creepy how calm and straightforward he is.

Of course, it leaves out the obvious question — why not get the stores to report their consumer trends? Not customer information, but sales trends. Why go for this invasive tactic?

Yes, that is indeed what he says. Forget voluntary disclosure. We will rummage through your financial life and take the information for ourselves. This is wrong on many levels.

Going cash only or using crypto-currency seem like appealing options at this point.


Followup to the Story
Aaron Boles did return the call quite shortly after this article was published. He stated that the C.B.A. has and will continue to refuse the demand. Although the C.B.A. and banks ”do” comply with most requests from Statistics Canada, this was just too far. Boles stated quite bluntly that banks need to have the trust of their customers, and this would erode it.

The C.B.A. claims that no data sharing proposed here has so far actually taken place. Here is the statement they released to Global Media:

Statement from the Canadian Bankers Association

Protecting the information privacy of their valued customers is a top priority for banks in Canada. Banks believed this proposed data acquisition project was still in the exploratory stages and were not aware that Statistics Canada was moving to compel disclosure of this information. No customer transaction data or other personal information has been transferred to Statistics Canada under this request. The CBA is working with members to understand the nature of this request and next steps.

Further Followup (October 29)
The Liberal government has announced in Parliament that it is okay with the push by Statistics Canada, and claims it is necessary in order to advance government policy. See this video.