Category: Corporate

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Desmarais, Power Corp, Canada’s Globalist Politicians, Bombardier & Loblaws

(Video by Q Point Assembly on Desmarais & Maurice Strong)

(Rebel Media covers the Demarais connections, including former Ontario Premier Bob Rae’s brother, John, who is employed by PowerCorp).

(Rebel media on Demarais Family connections to Canadian politicians)

(PowerCorp and John Rae, brother of Bob Rae)
https://www.youtube.com/watch?v=2cNS1udvPhg

(Paul Desmarais Sr. and Brian Mulroney)

(Pierre Beaudoin, Bombardier Chairman, sits on Power Corp BOD)

(Anthony Graham, is Vice-Chairman of Whittingham Investments Ltd, which happens to own the Weston-Loblaw Group. Graham also sits on Power Corp Board of Directors)

(Hélène Desmarais, Chair-Woman of Montreal Economic Institute)

1. Important Links

CLICK HERE, for Globe & Mail article on the Desmarais family, 2004.
CLICK HERE, to search Elections Canada donors.

CLICK HERE, for the Trilateral Commission.
CLICK HERE, for Abeldanger blog, citing Desmarais tentacles in Canadian politics.
CLICK HERE, for memorial on Paul Desmarais Sr.
CLICK HERE, for Andre Desmarais, Jean Chretien’s son-in-law.
CLICK HERE, for Canada Steamship lines.
CLICK HERE, for a biography on Paul Martin.
CLICK HERE, for the oil-for-food-scandal
CLICK HERE, for a Maclean’s article on Desmarais from 2006
CLICK HERE, for a Financial Post article on the politicians who attended Paul Desmarais Sr.’s funeral.
CLICK HERE, for Gary Doer, former Manitoba Premier (NDP), who sits on PowerCorps Board of Directors

CLICK HERE, for Pierre Beaudoin, Bombardier Chairman, who also sits on PowerCorp’s Board of Directors.
CLICK HERE, for Bombardier bailout, and Pierre Beaudoin’s bonuses.
CLICK HERE, for Andrew Coyne estimates Bombardier received $3.7B.
CLICK HERE, for Fraser Institute claims Bombardier has been bailed out 48 times by Industry Canada, going back to 1966.

CLICK HERE, for Loblaws receiving $12M bailout from taxpayers to buy energy-efficient fridges.
CLICK HERE, for an article on fridge subsidies and vote buying.

CLICK HERE, for biography on Paul Desmarais Jr., son of the legend.
CLICK HERE, for Hélène Desmarais, wife of Paul Jr.
CLICK HERE, for Maxime Bernier’s profile.
CLICK HERE, for the Montreal Economic Institute.

2. Desmarais And Trilateral Commission

Linda Koch Lorimer and Andre Desmarais both sit on the Trilateral Commission, which promotes global trade in:
(a) The Americas
(b) Europe
(c) Asia-Pacific Rim

Among the other members on the Trilateral Commission:

  • Rona Ambrose – MP, former Conservative Party leader
  • Jean Charest – former Quebec Premier
  • Raymond Chretien – nephew of Ex-PM Jean Chretien
  • Gary Doer – former Manitoba Premier
  • Bill Graham – former Foreign Affairs Minister
  • Peter Harder – member of Senate
  • Colin Kenney – member of Senate
  • Stephanie Kusie – Member of Parliament
  • Hélène Laverdière – Member of Parliament
  • Andrew Leslie – Member of Parliament
  • John Manley – former Deputy PM
  • Carole Taylor – former BC Minister of Finance
  • Yuen Pau Woo – Member of Parliament

Note: Scott Brison is a former member.

3. Power Corp’s Board Of Directors

Seethis link to verify.

  • Pierre Beaudoin, Bombardier Chairman
  • Marcel R. Coutu, Syncrude President
  • André Desmarais, son-in-law of ex-PM Chretien
  • Paul Desmarais, Jr., André’s brother
  • Gary A. Doer, ex-Manitoba Premier
  • Anthony R. Graham, director of Wittington Investments, Ltd. principal holding company of the Weston-Loblaw Group.
  • J. David A. Jackson, Great-West Life
  • Isabelle Marcoux, Board of Transcontinental Inc.
  • Christian Noyer, General Council of European Bank, Governor Banque du France
  • R. Jeffrey Orr, BMO, Life Insurance Companies
  • T. Timothy Ryan, Jr., JP Morgan & Chase
  • Emőke J.E. Szathmáry, the International Institute for Sustainable Development, the Pierre Elliott Trudeau Foundation, the Prime Minister’s Advisory Committee on Science and Technology,

4. Power Corp & Bombardier Bailouts

Remember: Pierre Beaudoin, Bombardier Chairman, sits on Power Corp Board of Directors.

Fun Facts

  • $1B in 2016.
  • $372M in February 2017. (See source.)

    • Regarding the 2017 Bailout, read this:

    Total compensation for the Montreal-based manufacturer’s top five executives and board chairman Pierre Beaudoin was US$32.6 million in 2016, up from US$21.9 million the year before, according to a proxy circular ahead of Bombardier’s annual meeting on May 11.
    .
    CEO Alain Bellemare received US$9.5 million, up from US$6.4 million in 2015, including US$5.2 million in share and option-based awards and a US$1 million salary. His annual bonus almost doubled to US$2.36 million.
    .
    Beaudoin’s total compensation increased to US$5.25 million from US$3.85 million a year earlier.

    That’s right, Bombardier gets bailed out by taxpayers. And Pierre Beaudoin, Bombardier’s Chairman, is also on the Board of Directors for Power Corp, with all its ties to politicians. No corruption here.

    From the Fraser Institute:

    Bombardier Inc., which recently announced it would lay off 1,700 people, has been one chronic seeker and a regular recipient of such taxpayer assistance. The Montreal-based aerospace company is thus a useful example of corporate welfare in action, the tax dollars at stake, and the regular, inflated claims about the beneficial effects of such subsidies.
    Bombardier’s corporate welfare began, at least federally, in 1966 when it received its first disbursement of $35 million from the federal department, Industry Canada. In the decades since, various Bombardier iterations received over $1.1 billion (all figures adjusted for inflation) in 48 separate disbursements from just Industry Canada. That includes two 2009 cheques worth $233 million.

    Let’s connect the dots:

    1. The Desmarais family owns Power Corp.
    2. Andre Desmarais is on the Board of Directors.
    3. Andre Desmarais is son-in-law of ex-PM Jean Chretien.
    4. “Many” Canadian politicians connected to Power Corp.
    5. Pierre Beaudoin is also on Power Corp B.O.D.
    6. Pierre Beaudoin doubles as Bombardier Chairman.
    7. Pierre Beaudoin in in position to have Canadian Government bail out Bombardier whenever needed. He also increases his own bonuses.
    8. Bombardier is repeatedly bailed out.
    9. Beaudoin is able to cash in from these bailouts.

    5. Power Corp & Loblaws Bailout

    Remember: Anthony Graham is Vice-Chairman of Whittington Investments, which owns Loblaws. He also is on Power Corp’s Board of Directors.

    This one is straightforward to connect.

    1. The Desmarais family owns Power Corp.
    2. Andre Desmarais is on the Board of Directors.
    3. Andre Desmarais is son-in-law of ex-PM Jean Chretien.
    4. “Many” Canadian politicians connected to Power Corp.
    5. Anthony Graham is also on Power Corp B.O.D.
    6. Anthony Graham doubles as Vice-Chairman of Whittington Investments, which owns Loblaws.
    7. Anthony Graham is in position to have Canadian Government bail out Loblaws.
    8. Unclear how much Graham’s bonus will be.

    6. Desmarais And Brian Mulroney

    Mulroney said he felt confident that Desmarais died knowing he had led a productive life and made a remarkable contribution to his country.
    “He was a close and intimate friend of mine for 48 years,” Mulroney said. “I feel very sad, but I feel very happy for a life really well lived. Paul’s life was unconventional because it really was a love story: for his wife, his kids and his country. So, he’s happy. He knows he had a good life and a productive life.”

    From the (CBC article), Paul Desmarais Sr. and Brian Mulroney have been close friends for decades.

    7. Desmarais And Jean Chretien

    André Desmarais is currently Deputy Chairman, President and Co-Chief Executive Officer of the company his father took control of in 1968, Power Corporation, based in Montreal, Quebec, Canada. He is also Executive Co-Chairman of Power Financial. Power Corporation is a diversified international management and holding company, which has holdings in leading financial services, renewable energy, communications and other business sectors.
    .
    He married France Chrétien Desmarais, the daughter of former Prime Minister of Canada Jean Chrétien, on May 23, 1981. They have four children.
    .
    In August 2016, The Wall Street Journal mentions that André Desmarais and his brother Paul Jr. “are readying their 34-year-old sons (Olivier Desmarais and Paul Desmarais III) to take over Power Corp

    Jean Chretien is connected to Desmarais by way of marriage. His daughter, France, married Andre Desmarais, son of Paul Desmarais Sr. They have 4 children together.

    8. Desmarais And Paul Martin

    Martin began his career as a special assistant to Paul Desmarais, a friend of his father’s and a man often referred to as Canada’s wealthiest citizen. Desmarais was the force behind the creation of the Power Corporation, an immense conglomerate with stakes in the pulp and paper industry, the media, public transport, and insurance services. By 1969 Martin had risen to a vice presidency at the Montreal–based giant, and four years later Desmarais put him in charge of one of its subsidiaries, Canada Steamship Lines Ltd. (CSL). Martin worked to improve the flagging finances of the shipping company, and in 1981 he and a business partner bought CSL for $116 million. They had to borrow the funds for the purchase, and interest rates were above 20 percent at the time. On the day that Martin signed the loan papers, a well–known Wall Street analyst predicted that rates might rise as high as 30 percent. “I gambled everything that interest rates had reached their peak,” Martin recalled in an interview with Anthony Wilson–Smith in Maclean’s. “If they had continued to rise, I was cooked.”

    Paul Martin was an employee of the Desmarais family for many years in Canada Steamship Lines (CSL). Martin eventually bought out the company.

    9. Desmarais’ Influence At His Death

    MONTREAL — Tributes poured in for the late Paul Desmarais on Tuesday in a commemorative ceremony that featured a veritable who’s who of politicians and businessmen past and present.
    Four Canadian prime ministers, a former French president and five Quebec premiers were among those who attended the tribute to the late business tycoon at the Notre-Dame Basilica.
    Prime Minister Stephen Harper remembered Desmarais as a humble and generous man who was passionate about Canada.

    From the Financial Post article:
    Tuesday’s crowd also included Quebec Premier Pauline Marois and predecessors Daniel Johnson, Lucien Bouchard, Bernard Landry and Jean Charest.
    .
    Also present were ex-media mogul Conrad Black, former Bombardier president Laurent Beaudoin, ex-Bloc Quebecois leader Gilles Duceppe, former federal Liberal leader Bob Rae and his successor, Justin Trudeau.
    The Ontario-born businessman remained a staunch Canadian federalist after he moved to Quebec, where he became one of the country’s wealthiest and most powerful figures.

    Desmarais had incredible influence in both Federal and Provincial politics. Several Premiers and Prime Ministers all had direct connections to him. He even had ties to politicians in France.

    10. Desmarais and Montreal Economic Institute

    An interesting bit of information worth mentioning. There is yet another connection to Desmarais.

    Paul Desmarais Sr. had 2 sons: Andre and Paul Jr. Andre married France Chretien, daughter of former Prime Minister Jean Chretien. Paul Jr. is married too. His wife, Hélène Desmarais, is the Chair-Woman at the Montreal Economic Institute, a think-tank promoting liberalized economic policies.

    MEI had a new Executive Vice-President in 2005. His name: Maxime Bernier.

    In 2006, Bernier left to get into politics. He is now a 4 term MP, and 3 time Cabinet Minister. He now heads his own “populist” party, promoting MEI style economic liberalism.

    Mr. Bernier has a long-standing interest in business and during his career worked for several financial and banking institutions before becoming Executive Vice-President of the Montreal Economic Institute in 2005.

    11. Desmarais, Power Corp, Bombardier & Loblaws

    Although this article could have been much, MUCH longer, it will stop here. Hopefully, there will be a followup. This doesn’t come close to covering everything.

    But to summarize, many of Canada’s most powerful politicians are directly connected to the Desmarais family, and to Power Corporation. It is hard to overstate the influence the family has had in Canadian politics. These politicians, while from different parties, all cooperate in the same corporate, globalist agenda.

    And while difficult to prove, it looks almost certain that corruption played a role in Canadian taxpayers having to bailout 2 companies: Bombardier and Loblaws.

    Posted on

    Free Trade #2: NAFTA: Lawsuits, Sovereignty, Massive Job Losses, Conflict Of Interest

    Bev Collins, giving a talk on NAFTA

    (Some of the litigation going on over NAFTA)

    (Multilateral Agreement on Investment — MAI)

    (Trilateral Commission)

    (Tucker Carlson: Social Costs to Communities Most Important)

    (A man who gets it, Lou Dobbs)

    1. Offshoring, Globalization, Free Trade

    The other posts on outsourcing/offshoring are available here. It focuses on the hidden costs and trade offs society as a whole has to make. Contrary to what many politicians and figures in the media claim, there are always costs to these kinds of agreement. These include: (a) job losses; (b) wages being driven down; (c) undercutting of local companies; (d) legal action by foreign entities; (e) industries being outsourced; and (f) losses to communities when major employers leave. Don’t believe the lies that these agreements are overwhelmingly beneficial to all.

    2. Important Links

    (1) https://www.wto.org/english/res_e/booksp_e/casestudies_e/case9_e.htm
    (2) https://laws-lois.justice.gc.ca/eng/acts/w-11.8/index.html
    (3) http://trilateral.org/download/doc/Vancouver_1996.pdf
    (4) Vancouver_1996 Trilateral Commission
    (5) https://ipolitics.ca/2019/04/30/investor-state-dispute-system-puts-strain-on-poorer-countries-report/
    (6) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/nafta.aspx?lang=eng
    (7) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/gov.aspx?lang=eng
    (8) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/ethyl.aspx?lang=eng
    (9) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/SDM.aspx?lang=eng
    (10) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/pope.aspx?lang=eng
    (11) https://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/disp-diff/parcel.aspx?lang=eng
    (12) https://www.cbc.ca/news/canada/u-s-firm-sues-canada-for-10-5-billion-over-water-1.180821
    (13) https://www.oecd.org/investment/internationalinvestmentagreements/multilateralagreementoninvestment.htm
    (14) http://www1.oecd.org/daf/mai/pdf/ng/ng987r1e.pdf
    (15) MAI Draft Agreement 1998
    (16) https://blogs.imf.org
    (17) http://trilateral.org/download/files/membership/TC_list_3_2019.pdf
    (18) Trilateral Commission List 2019
    (19) http://trilateral.org
    (20) https://www.bloomberg.com/research/stocks/private/person.asp?personId=2158742&privcapId=3103423&previousCapId=6908053&previousTitle=Ontario%20Heritage%20Trust
    (21) https://www.epi.org/publication/webfeatures_snapshots_archive_12102003/
    (22) https://www.epi.org/publication/the-china-toll-deepens-growth-in-the-bilateral-trade-deficit-between-2001-and-2017-cost-3-4-million-u-s-jobs-with-losses-in-every-state-and-congressional-district/

    3. Interesting Points From Bev Collins Video

    -Semiconductor, aerospace, telecommunications industries were dismantled and sold off
    -Mulroney gave QC special negotiating powers in event of succession
    -Business Council on National Issues had $56M to market NAFTA
    -600,000 jobs lost to free trade
    -Small businesses gutted, corporations thrived
    -92% of foreign investment came in to take over Canadian companies
    -13,000 Canadian companies lost in meantime
    -10,000 of those taken over by US transnationals
    -1993 election, NAFTA huge issue, Mulroney/Campbell Gov’t wiped out
    -Concern over water being sold off as commodity
    -Liberals signed NAFTA “as is” in January 1994
    -Roy MacLaren “both” Minister for International Trade and sat on the Trilateral Commission, a lobbying group.
    -Canada push for a World Trade Body (Bill C-57)
    -UN has 3 pillars:

  • Financial pillars (IMF)
  • World Bank
  • World Trade Organization

    • -Costs Canada $275M/annually to sit on committee
    -IMF supposed to arrange short term loans to 3rd World
    -World Bank set up for long term development funds
    -Canada funded 3 Rivers Gorges Dam in China
    -Export Development Corporation spends $40B, unaudited, unaccountable
    -“Investor State Suit” Clause allows Trans-Nats
    -Ethyl Corp sued Canada b/c of MMT gasoline additive ban
    -SD Myers sued Canada over PCB ban
    -Pope & Talbot sued over softwood lumber quota
    -Much of Ontario manufacturing base lost
    -Multilateral Agreement on Investment launched not long after NAFTA
    -lawsuit against MAI, Judge Dube friends with PM Jean Chretien
    -29 MAI delegates shut out of talks
    -MAI eventually destroyed, but content moved over to Free Trade Area of the Americas
    -Prelude to mass migration. If goods and money are borderless, then isn’t this the next logical step?
    -Canada can find its wages driven down
    -Unions themselves now seen as barrier to trade
    -WTO ruled against airline subsidizes
    -43,000 agricultural producers lost to bankruptcy
    -Many SK farms bought up at huge discount

    4. Canada’s Bill C-57

    From the WTO page:

    In 1994 the Canadian Parliament adopted legislation to implement the Uruguay Round with virtually no opposition. The measure was easily passed by the House of Commons with a vote of 185-7. There was general acceptance that the World Trade Organization (WTO) was a necessity for Canada both to participate and to compete in the new international order. Not only did legislators believe that the WTO Agreement would enhance and facilitate Canadian exports, but there also was an expectation among parliamentarians that the new rules-based dispute settlement mechanism would act as a counter-force to US unilateralism in the international arena. Roy McLaren, the Minister for International Trade, explained that the arrangements would particularly benefit ‘small and medium-size trade players like Canada, which are inherently vulnerable to the threat of unilateralism by the economic giants’

    McLaren was wrong. This arrangement does not benefit small and medium trade players like Canada. In fact, it will weaken Canada immensely, and lead to job losses and erosion of our sovereignty. Jere a few quotes from the WTO Agreement Implementation Act.

    Prohibition of private cause of action under Agreement

    6 No person has any cause of action and no proceedings of any kind shall be taken, without the consent of the Attorney General of Canada, to enforce or determine any right or obligation that is claimed or arises solely under or by virtue of the Agreement.

    This is a red flag. Nothing happens in Court unless the Attorney General of Canada signs off on it.

    Non-application of Agreement to water
    7 (1) For greater certainty, nothing in this Act or the Agreement, except the Canadian Schedule to the General Agreement on Tariffs and Trade 1994 set out in Annex 1A to the Agreement, applies to water.

    This is promising though. Water was specifically excluded from NAFTA. Concerns were that once exports started, there would be no way to stop it.

    Suspension of concessions to non-WTO Members
    (2) The Governor in Council may, with respect to a country that is not a WTO Member, by order, do any one or more of the following:
    (a) suspend rights or privileges granted by Canada to that country or to goods, service providers, suppliers, investors or investments of that country under any federal law;
    (b) modify or suspend the application of any federal law with respect to that country or to goods, service providers, suppliers, investors or investments of that country;
    (c) extend the application of any federal law to that country or to goods, service providers, suppliers, investors or investments of that country; and
    (d) take any other measure that the Governor in Council considers necessary.

    In short, this allows Canada to screw over non-WTO countries. Great way to force 3rd World nations in jumping on board. This is economic extortion.

    5. Chapter 11, National Treatment Clause

    This clause has been the basis of many lawsuits, since the text states that foreign companies must be treated the same as domestic companies.

    Article 1102: National Treatment
    1. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
    2. Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
    3. The treatment accorded by a Party under paragraphs 1 and 2 means, with respect to a state or province, treatment no less favorable than the most favorable treatment accorded, in like circumstances, by that state or province to investors, and to investments of investors, of the Party of which it forms a part.
    4. For greater certainty, no Party may:
    (a) impose on an investor of another Party a requirement that a minimum level of equity in an enterprise in the territory of the Party be held by its nationals, other than nominal qualifying shares for directors or incorporators of corporations; or
    (b) require an investor of another Party, by reason of its nationality, to sell or otherwise dispose of an investment in the territory of the Party.

    And “who” has been suing Canada under Chapter 11 of NAFTA?

    Cases filed against the Government of Canada

    Ongoing arbitrations to which Canada is a party

    • Clayton/Bilcon
    • Lone Pine Resources Inc.
    • Mobil Investments Canada Inc.
    • Resolute Forest Products Inc.
    • Tennant Energy, LLC.
    • Westmoreland Coal Company

    Concluded arbitrations to which Canada was a party

  • AbitibiBowater Inc.
  • Centurion Health Corporation
  • Chemtura Corp.
  • Detroit International Bridge Company
  • Dow AgroSciences LLC
  • Eli Lilly and Company
  • Ethyl Corporation
  • Mercer International Inc.
  • Merrill & Ring Forestry L.P.
  • Mesa Power Group LLC
  • Mobil Investments Inc. and Murphy Oil Corporation
  • Pope & Talbot Inc.
  • S.D. Myers Inc.
  • St. Marys VCNA, LLC
  • United Parcel Service of America, Inc. (UPS)
  • V. G. Gallo
  • Windstream Energy LLC

    • Withdrawn or inactive claims

    • Contractual Obligation Productions, LLC, Charles Robert Underwood and Carl Paolino
    • GL Farms LLC and Carl Adams
    • J.M. Longyear
    • William Jay Greiner and Malbaie River Outfitters Inc.

    open access to information, about the various court proceedings. But do take a look. They almost all involve an alleged breach of the “National Treatment” Clause.

    Now, this “only covers lawsuits against Canada. There have also been plenty of them against the US and Mexico for violating NAFTA.

    6. Multilateral Agreement on Investment

    2. Investment means:
    Every kind of asset owned or controlled, directly or indirectly, by an investor, including: 1, 2
    (i) an enterprise (being a legal person or any other entity constituted or organised under the applicable law of the Contracting Party, whether or not for profit, and whether private or government owned or controlled, and includes a corporation, trust, partnership, sole proprietorship, branch, joint venture, association or organisation);
    (ii) shares, stocks or other forms of equity participation in an enterprise, and rights derived therefrom;
    (iii) bonds, debentures, loans and other forms of debt, and rights derived therefrom;
    (iv) rights under contracts, including turnkey, construction, management, production or revenue-sharing contracts;
    (v) claims to money and claims to performance;
    (vi) intellectual property rights;
    (vii) rights conferred pursuant to law or contract such as concessions, licenses, authorisations, and permits;
    (viii) any other tangible and intangible, movable and immovable property, and any related property rights, such as leases, mortgages, liens and pledges.

    And remember that “National Treatment Clause”?

    III. TREATMENT OF INVESTORS AND INVESTMENTS
    NATIONAL TREATMENT AND MOST FAVOURED NATION TREATMENT
    1. Each Contracting Party shall accord to investors of another Contracting Party and to their investments, treatment no less favourable than the treatment it accords [in like circumstances] to its own investors and their investments with respect to the establishment, acquisition, expansion, operation, management, maintenance, use, enjoyment and sale or other disposition of investments.

    This would be the investment equivalent of NAFTA. All forms of investments would have to be given equal considerations. Although it was eventually stopped, the contents are still being considered for other opportunities.

    7. Trilateral Commission

    So, who founds the Trilateral Commission?
    Where are they from?

    Founding Members
    David Rockefeller was the principal founder of the Trilateral Commission in mid-1973. He served on the executive committee and was North American chairman from mid-1977 through November 1991. He is now honorary chairman and a lifetime trustee of the Commission.

    Zbigniew Brzezinski played an important role in the formation of the Commission and served as its first director from 1973 to 1976. After serving in the Carter administration, Dr. Brzezinski rejoined the Commission in 1981 and served on the executive committee until 2009.

    Other early North Americans leaders were Gerard C. Smith, first North American chairman; Jean-Luc Pepin, who headed the Canadian Group; and George S. Franklin, regional secretary. Richard Cooper, Henry Owen, and Philip Tresize were members of the first political, monetary, and trade task forces to report to the Commission.

    Max Kohnstamm of the Netherlands was the first European chairman and Wolfgang Hager the first regional secretary. Georges Berthoin of France, one of the first members from the European Community and a former European chairman, is now an honorary European chairman. Otto Graf Lambsdorff, another original European member and former European chairman, served as honorary European chairman until his death in 2009. François Duchène, Claudio Sergré, and Don Guido Colonna di Paliano were the European authors of the first task force reports.

    If nothing else, it is refreshing to be honest about who is founding it. Now to get to the trickier question of why it was formed.

    I. What is the Trilateral Commission? When and why was it formed?
    The Trilateral Commission is a non-governmental, policy-oriented discussion group of about 390 distinguished citizens from Europe, North America, and Pacific Asia formed to encourage understanding and closer cooperation among these three regions on shared global problems.

    The idea of the Commission was developed in the early 1970s. This was a time of considerable discord among the United States and its democratic industrialized allies in Western Europe, Japan, and Canada. There was also a sense that the international system was changing in some basic ways with rather uncertain implications. Change was most obvious in the international economy, as Western Europe and Japan gained strength and the position of the U.S. economy became less dominant. The increase in global interdependence was affecting the United States in ways to which it was not accustomed.

    When they talk about closer cooperation and understanding, these are really code words for “globalism”. Eliminate borders to trade, to financial services, and eventually, to people moving.

    This all sounds lovely, but it is incrementally erasing nations. Not an accident, and quite intentional.

    8. Commission/Parliament Conflict of Interest

    Bev Collins is absolutely right about conflict of interest going on in the Canadian Parliament. Here are two egregious examples:

    Roy Maclaren, is a former Minister of International Trade (1996-2000). He was also sitting on the Trilateral Commission the entire time it seems.

    Bill Graham is a former Minister of Foreign Affairs, and also a member of the Trilateral Commission.

    Canada’s Minister of International Trade, and also Minister of Foreign Affairs were also sitting on a Commission that promotes ever growing free trade agreements?! How does that look? But that’s hardly the whole picture.

    NORTH AMERICAN GROUP
    .
    Bertrand-Marc Allen, President, Boeing International, Arlington Graham Allison, Director, Belfer Center for Science and International Affairs, and Douglas Dillon Professor of Government, John F. Kennedy School of Government, Harvard University, Cambridge; former Dean, John F. Kennedy School of Government; former Special Advisor to the Secretary of Defense and former Assistant Secretary of Defense
    Rona Ambrose, former MP, former Interim Leader, Conservative Party; former Minister on the Status of Women, Environment, Health and Public Works, Ottawa
    Dominic Barton, Worldwide Managing Director, McKinsey & Company, London
    *Catherine Bertini, Professor, Public Administration and International Affairs, Maxwell School of Citizenship and Public Affairs, Syracuse University; Distinguished Fellow, The Chicago Council on Global Affairs
    Herminio Blanco Mendoza, Chairman, IQOM, Mexico City; former Mexican Secretary of Commerce and Industrial Development; former Chief NAFTA Negotiator
    Michael Bloomberg, Founder and CEO, Bloomberg LP, NewYork; fomer Mayor of New York City
    Esther Brimmer, Executive Director and CEO, NAFSA, Association for International Educators, Washington R.
    Nicholas Burns, Professor of the Practice of Diplomacy and International Politics and Member of the Board, Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University, Cambridge; former U.S. Under Secretary of State for Political Affairs
    Jean Charest, Former Premier of Québec; former Deputy Prime Minister of Canada, Montréal
    *Michael Chertoff, Chairman and Co-Founder, The Chertoff Group; former Secretary of Homeland Security; Former Judge, U.S. Circuit Court of Appeals for the Third Circuit; Former Assistant Attorney General, Criminal Division, Department of Justice, Washington
    Raymond Chrétien, Partner and Strategic Advisor, Fasken Martineau DuMoulin LLP, Montreal, QC; Chairman of the Board of Directors of the Montréal Council on Foreign Relations (MCFR); former Associate Under Secretary of State of External Affairs; former Ambassador to the Congo, Belgium, Mexico, the United States, and France
    Timothy Collins, CEO and Senior Managing Director, Ripplewood Holdings, Inc., New York
    Richard N. Cooper, Maurits C. Boas Professor of International Economics, Harvard University, Cambridge; former Chairman, National Intelligence Council; former U.S. Under Secretary of State for Economic Affairs
    Heidi Crebo-Rediker, CEO, International Capital Strategies, Washington; former Chief Economist, State Department
    Lee Cullum, Contributing Columnist, Dallas Morning News; Radio and Television Commentator, Dallas Luis de la Calle, Managing Director and Founding Partner, De la Calle, Madrazo, Mancera, S.C. (CMM), Mexico City; former Undersecretary for International Trade Negotiations
    Arthur A. DeFehr, CEO, Palliser Furniture Holdings Ltd., Winnipeg
    André Desmarais, President and Co-Chief Executive Officer, Power Corporation of Canada, Montréal; Deputy Chairman, Power Financial Corporation
    John M. Deutch, Institute Professor emeritus, Massachusetts Institute of Technology, Cambridge; former Director of Central Intelligence; former U.S. Deputy Secretary of Defense and Undersecretary of Energy
    Paula J. Dobriansky, Senior Fellow, Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University, Cambridge; Vice Chair, National Executive Committee, U.S. Water Partnership; former U.S. Under Secretary of State for Global Affairs
    Wendy Dobson, Professor and Co-Director, Institute for International Business, Rotman School of Management, University of Toronto, Toronto; former Canadian Associate Deputy Minister of Finance
    Gary Doer, former Canadian Ambassador to the United States, Winnipeg Thomas Donilon, Partner and Vice Chair, O’Melveny & Myers LLP, Washington; Non-resident Senior Fellow, Belfer Center for Science and International Affairs, Harvard University; former U.S. National Security Advisor
    *Kenneth M. Duberstein, Chairman and Chief Executive Officer, The Duberstein Group, Washington; former Chief of Staff to President Ronald Reagan
    Michael Duffy, former Executive Editor, TIME Magazine, Washington Douglas Elmendorf, Dean, John F. Kennedy School of Government, Harvard University, Cambridge Richard Falkenrath, Chief Security Officer, Bridgewater Associates, Westport Dawn Farrell, President and CEO, TransAlta Corporation, Calgary
    Diana Farrell, Chief Executive Officer and President, JPMorgan Chase Institute, Washington; former Deputy Director, National Economic Council, and Deputy Assistant to the President for Economic Policy
    Martin S. Feldstein, George F. Baker Professor of Economics, Harvard University, Cambridge; President Emeritus, National Bureau of Economic Research; former Chairman, Council of Economic Advisors
    Linda Frum, Member, Senate of Canada, Ottawa Juan Gallardo, Chairman of the Board, Grupo Embotelladoras Unidas, SA de CV, Mexico City
    *David R. Gergen, Professor of Public Service and Director of the Center for Public Leadership, John F. Kennedy School of Government, Harvard University, Cambridge; CNN Senior Political Analyst
    Gordon Giffin, Partner, Dentons US LLP, Atlanta; former U.S. Ambassador to Canada
    Donald Gogel, President and Chief Executive Officer, Clayton Dubilier and Rice, Inc., New York
    Jamie S. Gorelick, Partner, WilmerHale, Washington; former Deputy Attorney General; former General Counsel, Department of Defense
    Bill Graham Chancellor, Trinity College, University of Toronto; former Member, House of Commons; former Minister of Foreign Affairs and former Minister of Defense, Ottawa Donald Graham, Chairman and CEO of Graham Holdings Company, former owner of The Washington Post Company, Washington Peter Harder, Member, Senate of Canada, Ottawa
    *Jane Harman, Director, President, and CEO, Woodrow Wilson International Center for Scholars, Washington; former Member, U.S. House of Representatives
    Linda Hasenfratz, President and CEO, Linamar Corporation, Ontario
    Carlos Heredia, Associate Professor, Department of International Studies, Center for Research and Teaching in Economics (CIDE), Mexico City; Coordinator, Program for the Study of the United States, CIDE
    John B. Hess, Chairman of the Board and CEO, Hess Corporation, New York
    *Carla A. Hills, Chairman and Chief Executive Officer, Hills & Company, Washington; former U.S. Trade Representative; former U.S. Secretary of Housing and Urban Development
    *Karen Elliott House, writer, Princeton, NJ; Senior Fellow, Belfer Center for Science and International Affairs, John F. Kennedy School of Government, Harvard University; former Senior Vice President, Dow Jones & Company, and Publisher, The Wall Street Journal
    Joseph K. Hurd, III, former Director, Emerging Business, Facebook, Menlo Park
    David Ignatius, Columnist, The Washington Post, Washington Merit E. Janow, Dean of the Faculty and Professor of Practice, International Economic Law and International Affairs, Columbia University’s School of International and Public Affairs (SIPA), New York; former Member, Appellate Body from North America, World Trade Organization
    P. Thomas Jenkins, Chair, Open Text, Waterloo; Chair, National Research Council of Canada
    Lewis Kaden, Chairman, Markle Foundation Board of Directors; Former Vice Chairman, Citigroup, New York
    Andy Karsner, Managing Partner of the Emerson Collective; Senior Strategist at X; former Assistant Secretary of Energy for Energy Efficiency and Renewable Energy
    Juliette Kayyem, Lecturer in Public Policy, John F. Kennedy School of Government, Harvard University, Cambridge; Former Columnist, Boston Globe
    Timothy Keating, Senior Vice President, Government Operations, The Boeing Company, Arlington
    Colin Kenny, Member, Senate of Canada, Ottawa; former Special Assistant, Director of Operations, and Assistant Principal Secretary, to the Rt. Hon. P. E. Trudeau; Member, Special Senate Committee on Terrorism and Security, Special Joint Committee on Canadian Defence Policy; former Chair of Senate Standing Committee on National Security and Defence
    Robert M. Kimmitt, Senior International Counsel, WilmerHale, Washington; former U.S. Deputy Secretary of the Treasury; former U.S. Under Secretary of State for Political Affairs; former U.S. Ambassador to Germany
    Henry A. Kissinger, Chairman, Kissinger Associates, Inc., New York; former U.S. Secretary of State; former Assistant to the President for National Security Affairs; Lifetime Trustee, Trilateral Commission Nicholas Kristof, Columnist, The New York Times, Scarsdale Stephanie Kusie, Member of Parliament, House of Commons, Ottawa Fred Langhammer, Chairman, Global Affairs, The Estée Lauder Companies, Inc., New York
    Hélène Laverdière, Member of Parliament, House of Commons, Ottawa *Monique Leroux, Chair of the Board of Investissement, Québec
    Andrew Leslie, Member of Parliament, House of Commons, Ottawa
    Marne Levine, former Chief Operating Officer, Instagram, Menlo Park Santiago Levy, Vice President for Sectors and Knowledge, Inter-American Development Bank, Washington David Lipton, First Deputy Managing Director, International Monetary Fund, Washington
    Linda Koch Lorimer, CEO, Abundantior; former Vice President for Global & Strategic Initiatives, Yale University
    *John Manley, Chair CIBC, CIBC Bank USA, and Chair CAE Inc.
    Judith A. McHale, President and Chief Executive Officer, Cane Investments, LLC, Hastings on Hudson; former U.S. Under Secretary of State for Public Diplomacy and Public Affairs; former President and Chief Executive Officer, Discovery Communications
    Thomas F. McLarty, III, President, McLarty Asssociates, Washington; former Chief of Staff to President Clinton
    Lourdes Melgar, Energy Scholar, MIT Center for International Studies, Mexico City
    Jami Miscik, President and Vice Chairman, Kissinger Associates, Inc., New York; former Deputy Director for Intelligence, Central Intelligence Agency Andrea Mitchell, Chief Foreign Affairs Correspondent, NBC News, Washington
    Adm. Michael Mullen (Ret.), CEO, MGM Consulting, Annapolis; former Chairman of the Joint Chiefs of Staff Heather Munroe-Blum, Chair of the Board, Canada Pension Investment Fund; Principal Emerita and Professor, Faculty of Medicine, McGill University, Toronto
    Lori Esposito Murray, Distinguished Chair for National Security, U.S. Naval Academy; former President & Chief Executive Officer, World Affairs Councils of America; former Special Advisor to the President on the Chemical Weapons Convention; former Assistant Director, U.S. Arms Control & Disarmament Agency
    John D. Negroponte, Vice Chairman, McLarty Associates, Washington; former Deputy Secretary of State; former Director of National Intelligence; former Ambassador to the United Nations, Honduras, Mexico, the Philippines and Iraq
    *Joseph S. Nye, Jr., University Distinguished Service Professor and former Dean, John F. Kennedy School of Government, Harvard University, Cambridge; former Chair, National Intelligence Council; former U.S. Assistant Secretary of Defense for International Security Affairs; former North American Chairman, Trilateral Commission
    *Meghan L. O’Sullivan, Evron and Jeane Kirkpatrick Professor of the Practice of International Affairs, John F. Kennedy School of Government, Harvard University, Cambridge; former Special Assistant to President and Deputy National Security Advisor for Iraq and Afghanistan; North American Chairman, Trilateral Commission Thomas R. Pickering, Vice Chair, Hills & Company, Washington; former Under Secretary of State for Political Affairs; former U.S. Ambassador to the Russian Federation, India, Israel, El Salvador, Nigeria, Jordan, and the United Nations; former Senior Vice President, International Relations, Boeing Company
    John A. Quelch, Vice Provost for Education and Dean, School of Business Administration, University of Miami, Miami
    John Risley, Chairman and President, Clearwater, Bedford
    Andrés Rozental, former Mexican Deputy Foreign Minister; Nonresident Senior Fellow, Foreign Policy, Latin America Initiative, Brookings Institution, Mexico City
    David M. Rubenstein, Co-founder and Managing Director, The Carlyle Group, Washington
    *Luis Rubio, President, Mexican Council on Foreign Relations; Chairman, Center for Research Development (CIDAC), Mexico City Indira Samarasekera, Senior Advisor, Bennett Jones LLP, Vancouver
    David Sanger, Chief Washington Correspondent, The New York Times, Adjunct Lecturer in Public Policy, Harvard University, Cambridge Eric Schmidt, Technical Advisor and Board Member, Alphabet Inc., Mountain View
    Susan Schwab, Professor, Maryland School of Public Policy, University of Maryland, College Park; former U.S. Trade Representative Gerald Seib, Executive Washington Editor, The Wall Street Journal, Washington Jaime Serra, Chairman, SAI Law and Economics; Founder, Aklara, the Arbitration Center of Mexico, and the NAFTA Fund of Mexico, Mexico City; Deputy Chairman, North American Trilateral Commission
    Rajiv Shah, President, Rockefeller Foundation; Distinguished Fellow in Residence, Edward A. Walsh School of Foreign Service, Georgetown University, Washington; former Administrator, U.S. Agency for International Development
    Wendy Sherman, Senior Advisor, Albright Stonebridge Group; Resident Fellow, Harvard Kennedy School Institute of Politics; former Under Secretary of State for Political Affairs Jeffrey Simpson, Senior Fellow, Graduate School of Public and International Affairs, University of Ottawa; former National Affairs Columnist, The Globe and Mail, Senior Fellow, University of Ottawa, Ottawa
    Olympia Snowe, Former U.S. Senator; Senior Fellow, Bipartisan Policy Center, Portland
    Cecilia Soto Gonzalez, Federal Congresswoman, Mexico City Nancy Southern, President and Chief Executive Officer, ATCO Ltd. and Canadian Utilities Limited, Calgary
    *James B. Steinberg, former Dean, Maxwell School, and University Professor of Social Science, International Affairs and Law, Syracuse University, Syracuse; former Deputy Secretary of State, former Deputy National Security Advisor *Carole Taylor, Chancellor Emeritus, Simon Fraser University, Vancouver; former Minister of Finance, British Columbia; former Chair, CBC/Radio-Canada; former Chair, Canada Ports; public affairs broadcaster
    Luis Téllez Kuenzler, Special Advisor, KKR, President, NTT Everis; former Chairman of the Board, Mexican Stock Exchange, Mexico City; former Secretary of Communications and Transportation of Mexico
    G. Richard Thoman, Managing Partner, Corporate Perspectives, New York; Adjunct Professor of International Business, Columbia University; Professor of Practice in International Business, the Fletcher School, Tufts University; former President and Chief Executive Officer, Xerox Corporation; former Senior Vice President and Chief Financial Officer, IBM Corporation
    *Frances Townsend, Senior Vice President, Worldwide Government, Legal and Business Affairs, MacAndrews & Forbes Inc., New York; former Assistant to the President for Homeland Security
    Melanne Verveer, Executive Director, Georgetown Institute for Women, Peace and Security, Georgetown University, Washington Guillermo F. Vogel, Director and Vice President of the Board, Tenaris, Mexico City
    *Paul A. Volcker, former Chairman, President’s Economic Recovery Advisory Board; former Chairman, Wolfensohn & Co., Inc., New York;
    Frederick H. Schultz Professor Emeritus, International Economic Policy, Princeton University; former Chairman, Board of Governors, U.S. Federal Reserve System; Honorary North American Chairman and former North American Chairman, Trilateral Commission
    Yuen Pau Woo, Member of Parliament, House of Commons, Ottawa
    Robert Zoellick, Chairman, Alliance Bernstein, New York; former President, The World Bank Daniel Yergin, Vice Chairman, IHS, Cambridge

    Any more names look familiar?

    9. NAFTA Resulted In Job Losses

    This Economic Policy Institute study estimates job losses from NAFTA. Almost 900,000
    This EPI study estimates job losses from trade with China. Note, it is not even “free” trade, just “liberalized” trade. An estimated 3.4 million jobs.
    And another study on job losses, due to NAFTA.

    And no, job losses are not just an American problem. According to Statistics Canada, there were some very alarming trends across the developed world.

    Shrinking employment in manufacturing is a common trend in almost all OECD countries. From 1998 to 2008, the United States lost close to one-quarter (4.1 million) of its manufacturing jobs. Elsewhere in the OECD, from 1990 to 2003, manufacturing employment fell by 29% in the United Kingdom, 24% in Japan, 20% in Belgium and Sweden and 14% in France.

    Canada’s manufacturing industry lost 278,000 jobs (1 in 6) from 2000 to 2007, which reduced the sector’s share of total employment from 16% to 12%. That share then declined to 10% in 2009 after the 2008–2009 recession when manufacturers faced weaker demand and cuts to industrial capacity, resulting in the loss of 188,000 jobs. Regions where employment is highly concentrated in the manufacturing sector—mainly in Quebec and Ontario—experienced the greatest manufacturing job losses. From 2000 to 2007, Canadian manufacturing workers aged 20 to 29 in these regions were the most affected by the employment decline in this sector, as they were up to twice as likely to experience a loss of income as those holding a comparable job in a region with a low concentration of manufacturing.

    In addition, job security deteriorated in regions of high manufacturing concentration in 2007, leaving workers at greater risk of unemployment and more likely to be receiving Employment Insurance (EI) benefits. Manufacturing workers in these regions were 39% more likely to receive EI benefits than their counterparts in regions with a low concentration of manufacturing.

    Why have all these nations taken huge job losses, especially in manufacturing? Could be because “free trade” allows companies to shop around for cheaper labour costs.

    When 2 nations are very similar in their employment laws and standards, this can theoretically work. But the problem is that these deals create a “race to the bottom”, where cost cutting and the bottom line are the only considerations.

    10. Free Trade Has Real Costs

    A quick primer is this Lou Dobbs video.

    These deals give foreign companies rights to marketplaces and workforces that domestic companies do. This may sound great, but the reality is the undercutting domestic producers can put lots of people out of work.

    As demonstrated by Chapter 11 of NAFTA, there is a lot potential for new litigation for companies not getting the results or the market share they want. Who pays for it? Taxpayers.

    Politicians like Roy Maclaren or Bill Graham can also sit on corporate boards, while still claiming to advocate for the Canadian public. And these conflict-of-interests are hardly limited to Canada. It raises valid questions about who they really work for. Furthermore, for the Liberals to campaign on amending NAFTA (then scrap the promise), makes people wonder if they ever intended to keep the promise.

    The well being of communities doesn’t get emphasized enough. Large employers essentially provide for many families, and help keep things stable. If it suddenly becomes advantageous to pack up and leave, then a lot of people get screwed over.

    Is this a rejection of business or capitalism? No. However, there are other things to consider than simply profits and GDP.

    Posted on

    Int’l Banking Cartel #3: Federal Reserve, End The Fed (US)

    (30 minute documentary on US Federal Reserve and deficit spending)

    (60 minute video “Fiat Empire”)

    Central banking, and private government loans were addressed a previous case for Canada. Also, the COMER Case 2011-2018, (Committee on Monetary and Economic Reform) was outlined.

    This article covers a similar topic, but the American experience, with their Federal Reserve. We will detail an organization called “End The Fed”, which is dedicated to ending this practice.

    This is what happens when you:

    • Stop backing your currency by gold
    • Allow a private bank to generate currency
    • Surrender your debt to outside interests

    But hey, it regulates interest and inflation. It is good for consumers, so we are told.

    1. What Is “End The Fed”?


    This is a website posted to make people aware of the Federal Reserve. It contains links to books, videos, documentaries, websites, and other information.

    The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in 1913 by Congress. It is a banking cartel that has a government-granted monopoly on the creation of money and credit. The Fed literally loans “money” (Federal Reserve Notes) into existence. Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.

    Why Should I Care?
    Because you’re being systematically robbed and enslaved. The Fed’s counterfeiting causes the price of goods and services to rise which requires you to work harder in order to purchase them. Even with all the technological advances over the last century, you have to work just as hard or even harder to survive. The Fed is siphoning off the productivity that should have come from those technological advances. The reality is that you are working overtime solely for the benefit of some bankers who the government gave the power to conjure money out of nothing. In addition, the Fed’s counterfeiting finances the tools of the government’s oppression over you: the militarization of the police, the surveillance apparatus, and the endless wars.

    If you cherish truth, freedom, justice, and want to leave behind a better world for your loved ones then you must…END THE FED! A free market, where each individual has the freedom to choose what form of money to use rather than one being forced on them, must be allowed to function in its place.

    End The Fed is basically a reference site, which connects you to many great tools and resources. It is well worth spending time here. Even those who are Canadian can benefit from it, as many of the same issues the US faces also impact Canada.

    2. Quotes From Federal Reserve Act


    (From page 15 of 112)

    DIVISION OF EARNINGS. SEC. 7. (a) DIVIDENDS AND SURPLUS FUNDS OF RESERVE BANKS.— (1) STOCKHOLDER DIVIDENDS.—
    (A) DIVIDEND AMOUNT.—After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend on paid-in capital stock of—
    (i) in the case of a stockholder with total consolidated assets of more than $10,000,000,000, the smaller of—
    (I) the rate equal to the high yield of the 10 year Treasury note auctioned at the last auction held prior to the payment of such dividend; and
    (II) 6 percent; and
    (ii) in the case of a stockholder with total consolidated assets of $10,000,000,000 or less, 6 percent.
    (B) DIVIDEND CUMULATIVE.—The entitlement to dividends under subparagraph (A) shall be cumulative.
    (C) INFLATION ADJUSTMENT.—The Board of Governors of the Federal Reserve System shall annually adjust the dollar amounts of total consolidated assets specified under subparagraph (A) to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis

    So, if you are a stockholder in the Federal Reserve, you are guaranteed at least 6% interest on your “investment”. Talk about predatory lending.

    Now, if you think that participating in this system is voluntary for banks, think again. This is from Section 2, Part 5 of the Act:

    5. Failure of national bank to accept terms of Act¿ Any national bank failing to signify its acceptance of the terms of this Act within the sixty days aforesaid, shall cease to act as a reserve agent, upon thirty days’ notice, to be given within the discretion of the said organization committee or of the Board of Governors of the Federal Reserve System.

    6. Penalty for violation of Act by national banks¿ Should any national banking association in the United States now organized fail within one year after the passage of this Act to become a member bank or fail to comply with any of the provisions of this Act applicable thereto, all of the rights, privileges, and franchises of such association granted to it under the national-bank Act, or under the provisions of this Act, shall be thereby forfeited. Any noncompliance with or violation of this Act shall, however, be determined and adjudged by any court of the United States of competent jurisdiction in a suit brought for that purpose in the district or territory in which such bank is located, under direction of the Board of Governors of the Federal Reserve System, by the Comptroller of the Currency in his own name before the association shall be declared dissolved. In cases of such noncompliance or violation, other than the failure to become a member bank under the provisions of this Act, every director who participated in or assented to the same shall be held liable in his personal or individual capacity for all damages which said bank, its shareholders, or any other person shall have sustained in consequence of such violation

    Banks don’t have the choice to “opt-out”. They are in if they want to be in this industry.

    3. Blog Article From End The Fed


    This is a blog entry, on reserve banking, worth a read.

    Logic dictates that the ideal form of money should be durable, divisible, portable, fungible, scarce, and in demand for purposes other than a medium of exchange. Market supply and demand dynamics demonstrate that precious metals, specifically gold and silver, meet these criteria better than any other good. Many people voluntarily chose to use gold or silver as money throughout history for this reason.

    So who has the power to create fiat currency? The answer is central banks. Central banks are banking cartels that have a “government” granted monopoly on the creation of fiat currency. In the United States, it’s the Federal Reserve System (the Fed). In the United Kingdom, it’s the Bank of England (the BoE). In Europe, it’s the European Central Bank (the ECB). In Japan, it’s the Bank of Japan (the BoJ). The model is the same across the world. Central banks loan fiat currency (Federal Reserve Notes, Pounds, Euros, Yen, etc) into existence. These fiat currencies often bear the name of money, such as the Federal Reserve Note bearing the word “dollar” (which is by definition a weight of silver), but they are not money. To put it simply, central banks run “legalized” counterfeiting operations with the protection and enforcement of “government.” Counterfeiting is theft because it steals purchasing power from the current holders of the currency or money and transfers it to the counterfeiter. The Fed has stolen approximately 95% of the purchasing power from the users of the Federal Reserve Note since its creation in 1913 and other central banks have similar track records. Unfortunately, that’s just the tip of the iceberg. Central banks use their counterfeiting rackets to rig interest rates, bailout their cronies, fund the welfare state, fund the police state, fund the warfare state, create asset booms and busts, and stifle economic growth. You pay for all of this through lost purchasing power, whether you want to or not.

    This artificial system of creating money sets up a system where the only way to pay off existing debt is to use a substantial portion of your currency.

    Now, since you have used up a significant amount of your currency making debt payments, a nation now finds itself short on currency to pay for the needs of its people. How do you solve that problem? Answer, by borrowing more. This system creates a dependency where the only solution is to borrow more to pay off existing debts.

    4. Fractional Reserve Banking


    US banks are not required to holdanywhere near the amount of money they are lending out. They are allowed to only hold a fraction of it, hence the name “fractional banking”.

    In 2016, the minimum reserves required were:

    In the United States, the reserves are held in the bank’s vault or the nearest Federal Reserve Bank. The Board of Governors of the Fed set the reserve requirements and use it as one of the tools of guiding monetary policy. As at January 2016, commercial banks with deposits of less than $15.2 million were not required to maintain reserves. Banks with deposits valued at $15.2 million to $110.2 million were required to maintain the reserve requirement at 3% while those with more than $100.2 million in deposits were required to keep a reserve requirement of 10%. The Garn-St. Germain Act of 1982 exempted the first $2 million of reserve liabilities from the reserve requirements.

    Bank Deposit Total Percentage required
    Under $15.2M 0%
    $15.2M to $100.2M 3%
    Over $100.2M 10%

    Let’s take a look at it. If you own a US bank, you can claim $15.2 million in deposits without actually having any. Your bank can be worth billions, and you will only be required to hold 10% of the total amount.

    Lending out potentially 10 times the money that you actually have sounds absurd, yet it is entirely legal. Of course this is completely unsustainable.

    5. US Federal Debt


    This is very unpleasant to read, but is needed.

    End of Year Debt (billions) Percent of GDP
    1930 16 18%
    1935 29 39%
    1940 43 50%
    1945 260 114%
    1950 257 89%
    1955 274 65%
    1960 286 53%
    1965 317 43%
    1970 375 35%
    1975 533 32%
    1980 908 32%
    1985 1,823 42%
    1990 3,233 54%
    1995 4,974 65%
    2000 5,674 55%
    2005 7,933 60%
    2010 13,562 90%
    2015 18,151 99%
    2020 (est) 24,057 106%

    -Trump added $3T to national debt (~15%)
    -Barack Obama added almost $10T to the national debt (~50%)
    -Bush Jr. added $4T (~20%)
    -Clinton added $1.6T (~8%)
    -Bush Sr. added $1.3T (~6.5%)
    -Reagan added $1.7T (~9%)
    -National debt broke $1T in 1981. More than 95% of national debt has come “after” that benchmark.

    6. Who Owns Federal Reserve


    (From USA Gold article)

    Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank’s district. Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president. Mullins reported that the top eight stockholders of the New York Fed were, in order from largest to smallest as of 1983, Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York (Mullins, p. 179). Together, these banks owned about 63 percent of the New York Fed’s outstanding stock. Mullins then showed that many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy. Mullins explained,

    ‘… The most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic since its very inception. The power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled from England, and so it is today’ (Mullins, p. 47-48).

    Admittedly, this is difficult to confirm, since the Federal Reserve tries to keep its ownership secret.

    7. Conspiracy Theory: JFK’s Assassination Tied To Federal Reserve


    There has long been a theory that former US President John F. Kennedy was murdered because of his opposition to the Federal Reserve. Look up “Executive Order 11110”.

    Was Kennedy killed for wanting to stop this scam? I don’t know, but it is possible. It certainly was lucrative to the stockholders of the Federal Reserve.

    8. System Will Collapse


    As should be apparent, this system is not sustainable in the slightest.

    This Federal Reserve is a bank creating its own money, and then lending it out, with interest. Note: “shareholders” are to receive a minimum of 6% return on their investments annually.

    Banks operate on a “fractional reserve” system, meaning they only need to keep a portion of the actual money they claim to have on hand. Even for the biggest banks, this is capped at 10%. The same money can in fact be loaned out multiple times, since there is no requirement no have much of it on hand.

    In order to finance this system, the US Government adds to its debt, year after year. This is debt that will never be paid back. The only way the US can “service the debt” is by continued economic growth. Of course, this is not possible. The dollar “used” to be backed by gold, but that is no longer the case.

    The “debt ceiling” will continue to be raised, since no President or member of Congress wants to see it collapse on their watch.

    But at some point it will.

    (1) http://endthefed.org/
    (2) http://endthefed.org/websites/
    (3) https://legcounsel.house.gov/Comps/Federal%20Reserve%20Act.pdf
    (4) https://www.investopedia.com/terms/f/fractionalreservebanking.asp
    (5) https://corporatefinanceinstitute.com/resources/knowledge/finance/fractional-banking/
    (6) http://www.save-a-patriot.org/files/view/frcourt.html
    (7) https://www.cjrarchive.org/img/posts/BloombergFOIwin.pdf
    (8) https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
    (9) https://www.thebalance.com/who-owns-the-federal-reserve-3305974
    (10) https://www.usagold.com/cpmforum/who-owns-and-controls-the-federal-reserve/

    Posted on

    World Domination: Connecting The Dots

    How do you take over the world without war, guns, and bombs? You do it incrementally, and strategically. This guide will outline some of the major steps.

    1. Important Links

    This section will be empty. Instead, links are interwoven in the article. Also, Part II, will address who is behind these global takeover efforts.

    2. Convention On Preventing & Punishing Genocide To Be Used As “Guideline”

    No two ways about it. If you are serious about world domination, then you can’t have strong groups and populations standing in your path. The population needs to go. Either it needs to be killed off, or it needs to be “phased out”. This idea was addressed in a previous article.

    He are sections of the 1948 UN Convention on the Prevention and Punishing Genocide:

    Article I
    The Contracting Parties confirm that genocide, whether committed in time of peace or in time of war, is a crime under international law which they undertake to prevent and to punish.

    Article II
    In the present Convention, genocide means any of the following acts committed with intent to destroy, in whole or in part, a national, ethnical, racial or religious group, as such:
    (a) Killing members of the group;
    (b) Causing serious bodily or mental harm to members of the group;
    (c) Deliberately inflicting on the group conditions of life calculated to bring about its physical destruction in whole or in part;
    (d) Imposing measures intended to prevent births within the group;
    (e) Forcibly transferring children of the group to another group.

    Article III
    The following acts shall be punishable:
    (a) Genocide;
    (b) Conspiracy to commit genocide;
    (c) Direct and public incitement to commit genocide;
    (d) Attempt to commit genocide;
    (e) Complicity in genocide.

    This applies if there are certain groups, such as racial or ethnic, that are obstacles to the plan. Yes, we can kill them, or we can just reduce their populations, by preventing births or causing mental harm to the group.

    Ironically, this convention outlines some effective “non-violent” ways to erase a group, or groups.

    We will get back to this later.

    3. Financing The Global Domination Mission

    No doubt about it: a scheme to control the world is expensive and complex. The right people have to be in place, and the organization needed is substantial. So let’s discuss a few methods to finance our agenda.

    (Option A:) Get wealthy nations to borrow extensively from private banks. Most countries have their own internal banking, which means that they effectively borrow from themselves. A much better alternative is to get nations to start borrowing from private banks, but never completely pay it back. This ensures permanent interest payments. However, we must be careful to fight any and all attempts by concerned citizens to take back control of their finances.

    (Option B:) Convince wealthy nations to participate in bogus scheme such as the “climate change scam”, which is based entirely on junk science. Rather than endlessly appealing to give foreign aid (which we then steal), we should be appealing to the mutual survival instinct. Doing this can raise hundreds of billions in revenue each year. Sure there will be resistance, but we can establish some controlled opposition “Conservatives” to give the illusion of fighting for the average people. These initiatives, once established, will be profitable.

    (Option C:) While using the money raised from (A) and (B) immediately seems like a good idea, we must be more strategic about it. A serious option is to loan out to developing nations, huge sums of money they cannot possibly pay back. As such, once nations begin defaulting, we can either seize assets, or “forgive debt” in return for favours. Sure this is predatory lending, and the middle class will suffer, but their leaders will be put in an impossible position.

    Note: the debts that we “lend” to developing nations are not actually losses we accrued. Rather they will be from the perpetual “debt repayments”, which developed nations pay us after they started taking out private loans.

    (Option D:) Make globalism more profitable and have our partners contribute to the efforts. Making mass migration more profitable leads to an almost endless supply of new customers. A wide variety of groups, can get involved, ensuring a diversified portfolio for us. By linking their business interests with our ideological interests, it will ensure these organizations are vested in our survival.

    (Option E:) It doesn’t just have to be foreign aid that gets transferred outside of host nations. Many national pension funds are screaming to be invested in our global development. Sure, there are criticisms that they are underfunded and unsustainable, but the potential growth will offset any risks to the funds. If seniors object, we can always subsidize their efforts to start smoking.

    (Option F:) For the purposes of trade, it is antiquated to think of it as “nations” trading. Rather, if we think of them as economic zones, trade can be liberalized much more effectively. Sure there will be job losses here and there. But it’s all for the good of the “global economy”.

    4. Mass Migration Is Critical To Our Success

    In order to achieve the “One World Order”, individual nations must be destroyed. Sure they may keep their flags and names, but for all practical purposes, they cannot exist. There must be no true sovereignty allowed.

    This aspect has unique challenges. There are plenty of nationalists and ethno-nationalists who want to keep their race, culture, language, heritage, customs, traditions, and way of life intact. There are those who reject conservatism and libertarianism, (which favour individuality over group survival), in favour of the long term stability of their nation. We need to completely replace the host populations. Being direct and honest will not work in this case. As such other approaches are required:

    (Option I:) We can buy off media outlets. The rise in internet use and citizen journalists had led to an utter devastation of traditional media outlets. This presents an opportunity never thought possible: to keep certain media solvent in return for favourable coverage of our practices.

    (Option II:) We can install puppet candidates and fund parties whose populist agendas are very similar to ours. With the right rhetoric, the sheeple won’t care that we lie about the true size of annual mass migration. Nor will they care that a “right-wing populist” is only proposing a 7% reduction in current rates. With the right messaging, the patriots will overlook that forced multiculturalism and diversity has never actually been successful, and only leads to balkanization. Members of the Government and Opposition should both have their campaigns contributed to. While common in the US, campaign contribution laws shall be used fully to ensure a cooperative Congress or Parliament.

    (Option III:) Straight up gaslighting can and does still work, but the citizenry is getting tired of it. This technique should be used less frequently. Not saying stop entirely, but it shouldn’t be the first tool anymore.

    (Option IV:) Present mass migration as “normalized” and inevitable. Yes we will need other puppets to sign the New York Declaration, and the UN Global Migration Compact. Yes, there will be many critics, and the gaslighting should be used sparingly. There are many intellectually dishonest tactics we can use without being too obvious. Our shill media — addressed earlier — will be useful in attacking border control efforts, or even the idea of border control.

    (Option V:) In order to facilitate mass migration and population replacement, we should introduce “throw-away” ideas such as repatriating terrorists to home countries. If successful, we further destabilize the nation states. If unsuccessful, we at least divert their attention away from our real goals.

    (Option VI:) One subset of mass migration is promoting high levels of Islamic immigration. Given their desire to take over the world, and propensity for “playing the victim”, this will be useful. Further, the drain on resources of the host nations will make it harder for them to put up resistance. Given Muslims’ very high birthrate, and violent intolerance towards others, they can help replace the populations for us.

    Note: we won’t allow the Muslims to actually take over. Rather, they will do much of the leg work for us.

    Naturally, the elites will need to meet annually, to ensure a smooth post-national transition takes place.

    Once mass migration is sufficiently underway, we can focus on controlling the new masses, and that leads to the next topic: education.

    5. Taking Control Of Education

    If the agenda is to succeed, we need to take control of the next generation, and the one after that. As noted, children are to become dependent on the schools for everything from meals, to health care, to actual parenting. Yes, the financial costs will be high, but we will pay for it out of the interest payments from the loans we grant to governments. So really, it costs us nothing.

    Academia has an important role to play, which is obvious. Scholarly articles, such as those written by Frank Geels and Kirsten Jenkins will add legitimacy to what we are doing.

    Another important aspect is to redefine what cultural norms are. This in turn will also help reduce the host populations, which will make it easier to replace them. One such technique is encouraging people, especially young children, to have sex changes. A further technique is to keep pushing for abortion as a “human right”. Less births will of course reduce the host nation’s population. An extra benefit is that baby parts sell for huge amounts to organizations which are sympathetic to our globalist methods.

    6. Making It All Come Together

    Okay, this is definitely a lot to absorb. But knowing and implementing all of these steps, what have we actually accomplished? Let’s list them:

    • We have identified ways to commit genocide against nations and their host populations without the obvious evidence of guns, bombs and war
    • We have raised money by getting nations to borrow heavily from private banks, and never fully pay it back, leading to permanent interest payments
    • We raised money via bogus environmental scams
    • We loaned out to nations who cannot pay
    • We have enlisted corporate partners in our goals
    • We have invested national pensions and other assets
    • We have eliminated borders, ensuring efficient trade
    • We have bought off an obedient media
    • We have propped up puppet politicians
    • We reduced the overt gaslighting
    • We changed the narrative to mass migration being normal
    • We normalized repatriating terrorists
    • We weaponized Islamic immigration
    • We coordinated global leadership meetings
    • We have made children dependent on schools
    • We controlled the academic output
    • We replaced traditional cultural norms
  • We centralized globalization via UN

    • This list is by no means exhaustive. However, it should serve as an introduction to global domination.

    The UN, naturally, is a great way to centralize the consolidation of the global empire. But should the UN stop being a useful tool, we have backups in reserve.

    Just remember: taking over the world is a marathon, not a sprint.

    7. Who’s Behind All Of This?

    That will be addressed in part II, a post all by itself. There are simply too many players to do it justice in one article.

    Posted on

    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/

    Posted on

    CCS #14: UN’s New Development Financing (The Bait-and-Switch)

    (Ways to raise money)

    (Sources of money for health initiatives)

    An internationally concerted carbon tax could raise $250 billion per year…

    (Page 13)
    In this vein, a tax of $25 per ton of CO2 emitted by developed countries is expected to raise $250 billion per year in global tax revenues. Such a tax would be in addition to taxes already imposed at the national level, as many Governments (of developing as well as developed countries) already tax carbon emissions, in some cases explicitly, and in other cases, indirectly through taxes on specific fuels

    …and a small currency transaction tax could add an estimated $40 billion…

    1. Debunking The Climate Change Scam

    CLICK HERE, for #1: major lies that the climate frauds tell.
    CLICK HERE, for #2: review of the Paris Accord.
    CLICK HERE, for #3: Bill C-97, the GHG Pollution Pricing Act.
    CLICK HERE, for #4: in 3-2 decision, Sask. COA allows carbon tax.
    CLICK HERE, for #5: controlled opposition to carbon tax.
    CLICK HERE, for #6: controlled opposition Cons ==> Supreme Court.
    CLICK HERE, for #7: climate bonds pitched as $100T industry.
    CLICK HERE, for #8: Joel Wood pitching various pricing options.
    CLICK HERE, for #9: Mark Carney and UN climate finance.
    CLICK HERE, for #10: Goldman Sachs, Obama, Clinton, Chicago CX.
    CLICK HERE, for #11: Coronavirus, Pirbright Inst, Gates, Depopulation.
    CLICK HERE, for #12: AOC and the “Green New Deal”.
    CLICK HERE, for #13: UN seeks new development financing.

    CLICK HERE, for BOLD Like A Leopard Guest Posting.

    2. Important Links


    UN.new.development.financing.2012.178pages
    CLICK HERE, for the UN Convention Against Transnational Organized Crime.
    CLICK HERE, for UN Sustainable Development Goals.
    CLICK HERE, for Devex article explaining debt-for-development.
    CLICK HERE, for World Bank explanation for debt-for-development trade.
    CLICK HERE, for debt swaps for sustainable development.
    CLICK HERE, for loss of sovereignty article.
    CLICK HERE, for an IMF article on debt swaps.

    3. This Is The Bait:

    (From Page 10)
    Two main sources are considered: taxes levied on international transactions and/or taxes that are internationally concerted, such as the air-ticket solidarity levy, financial or currency transaction taxes and carbon taxes; and revenues from global resources, such as SDR allocations and proceeds derived from the extraction of resources from the global commons, through, for example, seabed mining in international waters. Proposals on potential sources of finance for international development cooperation in both categories have been discussed for decades, although most of these, with the exception of the proposal on an airline levy, have not yet been adopted.

    So what kind of “revenues” are raised?

    • taxes on international transactions
    • internationally concerted taxes
    • air-ticket solidarity levy
    • financial or currency transaction taxes
    • carbon taxes

    This is how bait-and-switch works:
    (1) Raise money using cause A.
    (2) Actually spend the money on cause B.

    4. And Here Is The Switch:

    An array of other options with large fundraising potential have been proposed (see figure O.1 and table O.1), but have not been agreed upon internationally thus far. These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

    There are also challenges in the use and allocation of funds mobilized internationally. Most existing innovative financing mechanisms earmark resources upfront for specific purposes, as is the case for the global health funds. There are perceived benefits in doing so. Advocates argue that the earmarking helps build political support and attract funds by establishing a clear link between fundraising and popular causes. This may come at a cost, however, since earmarking funds can limit domestic policy space for channelling resources to nationally defined priorities.

    This explains why there is the bait-and-switch. Countries are not willing to support international taxation. Therefore it is necessary to raise money under the pretense of “environmentalism”. It also shows that the UN feels little resistance to misleading the public on where money is being used for.

    (From Page 10)
    Some innovations focus on intermediation mechanisms designed to better match funding and needs by facilitating front-loading of resources (which include several mechanisms channelling resources to global health funds and some debt-for-development swap mechanisms), by mobilizing public means to guarantee or insure natural disaster risks or technology development for public causes, or by securing specific-purpose voluntary contributions from the private sector for official development cooperation. Various mechanisms of these types do exist, but they are not large in size.

    Several global funds that act as allocation mechanisms are generally also considered to come under the rubric of innovative development financing. Disbursement mechanisms in the health sector include the Global Fund to Fight AIDS, Tuberculosis and Malaria, UNITAID and the GAVI Alliance. These mechanisms collect financing directly from sources or through intermediary financing mechanisms. UNITAID is the only disbursement mechanism that obtains the bulk of its financing from an innovative source, the air-ticket solidarity levy. Other funds rely mainly on traditional sources of financing.

    Though the bulk of money raised is collected under the pretense of “environmentalism”, the UN makes it clear that the cash will be spent on a few “other” purposes.

    1. Global Health Funds
    2. Debt-for-Development Swap Mechanisms

    5. UN Violates Own Convention


    From the UN Convention Against Transnational Organized Crime

    Article 4(1)

    Article 4. Protection of sovereignty
    1. States Parties shall carry out their obligations under this Convention in a manner consistent with the principles of sovereign equality and territorial integrity of States and that of non-intervention in the domestic affairs of other States.
    2. Nothing in this Convention entitles a State Party to undertake in the territory of another State the exercise of jurisdiction and performance of functions that are reserved exclusively for the authorities of that other State by its domestic law.

    Article 5

    Article 5. Criminalization of participation in an organized criminal group
    1. Each State Party shall adopt such legislative and other measures as may be necessary to establish as criminal offences, when committed intentionally:
    (a) Either or both of the following as criminal offences distinct from those involving the attempt or completion of the criminal activity:
    (i) Agreeing with one or more other persons to commit a serious crime for a purpose relating directly or indirectly to the obtaining of a financial or other material benefit and, where required by domestic law, involving an act undertaken by one of the participants in furtherance of the agreement or involving an organized criminal group;

    Consider that the New Development Financing involves obtaining huge sums of money under false pretenses. While the publics are told that much of this revenue will be for environmental causes, it becomes clear from later in the document that it will be spent on other purposes (such as debt-for-development and health care causes).

    Taking money for purposes other than what is advertised is fraud.

    6. Debt Conversion Mechanisms

    (Page 86) Debt-conversion mechanisms
    Debt conversion entails the cancellation by one or more creditors of part of a country’s debt in order to enable the release of funds which would otherwise have been used for debt-servicing, for use instead in social or environmental projects. Where debt is converted at a discount with respect to its face value, only part of the proceeds fund the projects, the remainder reducing the external debt burden, typically as part of a broader debt restructuring.

    Debt to developing nations can be “forgiven”, at least partly, if certain conditions are met. However, the obvious question must be asked:

    Can nations be loaned money they could never realistically pay back, in order to ensure their compliance in UN or other global agenda, by agreeing to “forgive” part of it?

    (Page 86) Debt conversion first emerged, in the guise of debt-for-nature swaps, during the 1980s debt crisis, following an opinion article by Thomas Lovejoy, then Executive Vice-President of the World Wildlife Fund (WWF), in the New York Times in 1984. Lovejoy argued that a developing country’s external debt could be reduced (also providing tax relief to participating creditor banks) in exchange for the country’s taking measures to address environmental challenges. Estimates based on Sheikh (2010) and Buckley, ed. (2011) suggest that between $1.1 billion and $1.5 billion of debt has been exchanged through debt-for-nature swaps since the mid–1980s, although it is not possible to assess how much of this constitutes IDF, for the reasons discussed in box III.1.

    If debt can be forgiven in return for environmental measures, then why not simply fund these environmental measures from the beginning? Is it to pressure or coerce otherwise unwilling nations into agreeing with such measures?

    (Page 88)
    There have been two basic forms of debt-for-nature exchanges (Buckley and Freeland, 2011). In the first, part of a country’s external debt is purchased by an environmental non-governmental organization and offered to the debtor for cancellation in exchange for a commitment to protect a particular area of land. Such transactions occurred mainly in the late 1980s and 1990s and were generally relatively small-scale. An early example was a 1987 deal under which Conservation International, a Washington, D.C.-based environmental non-governmental organization, bought $650,000 of the commercial bank debt of Bolivia (now Plurinational State of Bolivia) in the secondary market for $100,000, and exchanged this for shares in a company established to preserve 3.7 million acres of forest and grassland surrounding the Beni Biosphere Reserve in the north-east part of the country.
    In the second form, debt is exchanged for local currency (often at a discount), which is then used by local conservation groups or government agencies to fund projects in the debtor country. Swaps of this kind are generally much larger, and have predominated since the 1990s. The largest such swap came in 1991, when a group of bilateral creditors agreed to channel principal and interest payments of $473 million (in local currency) into Poland’s Ecofund set up to finance projects designed to counter environmental deterioration. The EcoFund financed 1,500 programmes between 1992 and 2007, providing grants for conservation projects relating to cross-border air pollution, climate change, biological diversity and the clean-up of the Baltic Sea (Buckley and Freeland, 2011).

    We will “forgive” your debt if:
    (1) A portion of your land is off limits; or
    (2) Debt converted to currency to fund “projects”

    Debt For Health

    (Page 89)
    Since the development of debt swaps in the 1980s, there has been a diversification of their uses to encompass social projects, most recently in the area of health under the Debt2Health initiative, which was launched by the Global Fund to Fight AIDS, Tuberculosis and Malaria in 2007 to harness additional resources for its programmes. Under Debt2Health, a donor country agrees to reduce part of a loan ineligible for debt relief under global initiatives such as the HIPC and Multilateral Debt Reduction Initiatives, in exchange for a commitment by the debtor to invest (in local currency) half of the nominal value of the debt in programmes approved by the Global Fund. The Global Fund is committed to devoting all of the funds thus generated to financing programmes in the country rather than overhead costs (Buckley, 2011c).

    Debt For Education

    (Page 90)
    In addition to the uses described above, debt swaps have also been successfully implemented for education and development.2 Clear delineation among the various types of swaps is often problematic, however, as debt-for-development swaps typically provide funding for environmental, health and/or education projects.
    ……..
    . Although nominally debt-conversion operations, these Contracts stipulate that debtor countries are to continue to service these debts in full, while receiving, however, an equivalent amount of new ODA grants tied to specific programmes when they do so (Agence Française de Développement, n.d.). Thus, resources are not redirected from debt servicing to other uses; rather, potential fiscal savings from debt-service reduction are forgone, the resources instead being directed to specific uses (Buckley, 2011a). These transactions thus cannot be considered to constitute IDF

    So in these cases the debt isn’t really forgiven. The indebted nation will still have to make payments, while other money will be coming in for other purposes.

    The funding generated by debt swaps is closely tied to their designated end use (although the effectiveness of this depends on monitoring mechanisms). While this effective earmarking of budgetary funds indicates a trade-off with policy space, the debt relief provided by converting debt at a discount (where the debt would otherwise have been serviced) releases resources for use in accordance with national priorities. However, the exclusion of relevant ministries and limited civil society participation in the design and implementation processes may undermine coherence with medium-term national development strategies.

    To make absolutely clear, this debt forgiveness isn’t free. There is always some trade off. Here, it seems to be having your nation’s sovereignty eroded in return for being cut a break.

    While all of this is couched in very pretty rhetoric, one really has to ask what is really the costs?

    7. “Voluntary” Pesticide Use In Crops


    Here is one such “pull measure” (page 98)

    The World Bank is currently developing agricultural projects based on pull mechanisms through the Agricultural Pull Mechanism (AGPM) initiative, with the objectives of increasing production, reducing losses and enhancing food security for small farmers. There are six pilot programmes currently being developed, which are expected to be launched in June 2012. Their objectives are:
    -To develop distribution networks for bio-fortified crop varieties (high pro-vitamin A cassava, maize and sweet potato, and high in iron beans) in Africa
    -To promote the development and use of new hybrid rice varieties in South Asia
    -To develop improved fertilizers and fertilizer production processes
    -To promote adoption of improved post-harvest storage technologies
    -To incentivize the use of biocontrol mechanisms against aflatoxin contamination of crops
    -To promote development and use of a vaccine against peste des petits ruminants in livestock in Africa

    Interesting. How much of this is done in the first world?

    8. Now Comes Climate Change

    (Page 120)
    The unprecedented global improvements in average living standards over the last two centuries have come at the cost of serious degradation of the natural environment. The most serious environmental threat is climate change, brought about by global emissions of carbon dioxide and other greenhouse gases. In addition to considerable expenditure for adaptation, climate change necessitates a fundamental shift in development strategies towards a much less carbon-intensive model, and a major reduction in reliance on fossil fuels.

    While climate change arises overwhelmingly from historical emissions in developed countries, it impacts disproportionately the well-being and livelihoods of people in developing countries. This makes a compelling case for the assumption by richer countries of the costs of mitigation and adaptation

    Read the next several pages. While the paper talks at length about how to “raise” money for climate change causes, it is surprisingly vague about how this money will actually be spent. There are some bland references to technology, but no specifics.

    The paper cites “Carbon Dioxide and other greenhouse gases” but CO2 is the only one to actually be named.

    Furthermore, the UN tries to promote mass migration to the West. However, this would be illogical, since on average, Western nations leave a much bigger “footprint” than others do.

    While “financing” climate change efforts features prominently in later sections of the paper, it gives no real information on how the money would be put to use.

    9. Is This Predatory?

    From the Journal of Politics and Law Article (see here).

    Budget constraints are severely undermining the capacity of governments of developing countries to provide their people even the most basic of social services. This lack of finance is in turn caused by several factors including, among others, huge military spending, pervasive corruption and large repayments of debts owed to the developed world. These factors, either singly or in combination, eat up government funds that can otherwise be spent on education, health, housing and other social services. Economists have a better way of describing it – these factors ‘crowd out’ essential public spending designed to benefit the people. (Note 1) As a result, these governments are unable to steer their countries towards the path of economic development and entire peoples are unable to enjoy the most fundamental of economic, social and cultural rights“

    This is what we are financing.

    Our leaders take from us, claiming it is for efforts to “protect the environment”. Money is then spent abroad in the developing world, often awarded in the form of loans. When such nations cannot pay back the money they owe, they become indebted to their creditors. This is usually bodies like the UN or IMF.

    Bait: Tax to save environment
    Switch: Predatory loans to developing world.

    This is the bait-and-switch. It is highly unethical to take advantage of people like this.