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The Number 1 Reason YOU became a Slave Brent Jessop \|\| November 5, 2005 "Once a nation parts with the control of its currency and credit... all talk of the sovereignty of Parliament and of democracy is idle and futile" - Mackenzie King, 1935 The number 1 reason we became slaves is our complete ignorance to what money is and how it is created. The monetary systems of all the G-8 countries - including Canada - are specifically designed to force the average person and the country into debt. You may think that because you have no personal debt that you are debt free. This is not true. As our national debt grows the value of our dollar shrinks. Combined with inflation you are loosing a lot of money. The following is a quick, simple to understand tutorial on the basics of how money is created in Canada. It explains how simple it is for us to remove ourselves from the debt cycle by printing our own money to be paid back at virtually no interest instead of borrowing the money from the private banking system at much higher interest rates. Currently we are printing about 5% of the money through the Bank of Canada and the other 95% comes from private banks. from The Committee on Monetary and Economic Reform Since the numbers in the tutorial are a few years old here is a small update to the figures. You may have heard that our government has run a budget surplus for the past 8 years (1997-2005) and to their credit have reduced our Net Debt from $607.9 to 554.7 billion (Table 9). These numbers can be deceiving. Lets take this past budget of 2004-2005. Canada's debt dropped slightly by $1.6 billion ($556.3 - 554.7). But in September of 2004 our government sold off the remaining 50 million shares of Petro-Canada for $2.6 billion (Footnote under Table 3). Not exactly the sustainable budget surplus it is hyped up to be. Note: The government decided to sell the shares of Petro-Canada which it owned since 1975, shortly after the stock had dropped by more than 12%. Good time to sell? In 2004-2005 the government paid 17.3% of all taxes collected toward ONLY THE INTEREST on the public debt. When I say the "government paid" I really mean the people of Canada since the government has no money of its own. So every dollar that you pay in taxes 17 cents of that goes directly to the private banks! This is actually a small percentage due to the low interest rates. In 1990-1991 this value peaked at 39 cents for every dollar! What do you think we could spend this money on if it wasn't going to the private banking system? Health care? Education? Tax cuts? Related Article: Money for the People, and by the People Related Article: Bankers Enthroned - Why the NDP won't save you and details about the current bank mergers and their expansion into other financial areas. Article Posted at www.KnowledgeDrivenRevolution.com Home	Weekly
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The Number 1 Reason YOU became a Slave

Brent Jessop || November 5, 2005

"Once a nation parts with the control of its currency and credit... all talk of the sovereignty of Parliament and of democracy is idle and futile" - Mackenzie King, 1935

The number 1 reason we became slaves is our complete ignorance to what money is and how it is created. The monetary systems of all the G-8 countries - including Canada - are specifically designed to force the average person and the country into debt.

You may think that because you have no personal debt that you are debt free. This is not true. As our national debt grows the value of our dollar shrinks. Combined with inflation you are loosing a lot of money.

The following is a quick, simple to understand tutorial on the basics of how money is created in Canada. It explains how simple it is for us to remove ourselves from the debt cycle by printing our own money to be paid back at virtually no interest instead of borrowing the money from the private banking system at much higher interest rates. Currently we are printing about 5% of the money through the Bank of Canada and the other 95% comes from private banks.

from The Committee on Monetary and Economic Reform

Since the numbers in the tutorial are a few years old here is a small update to the figures. You may have heard that our government has run a budget surplus for the past 8 years (1997-2005) and to their credit have reduced our Net Debt from $607.9 to 554.7 billion (Table 9). These numbers can be deceiving. Lets take this past budget of 2004-2005. Canada's debt dropped slightly by $1.6 billion ($556.3 - 554.7). But in September of 2004 our government sold off the remaining 50 million shares of Petro-Canada for $2.6 billion (Footnote under Table 3). Not exactly the sustainable budget surplus it is hyped up to be.

Note: The government decided to sell the shares of Petro-Canada which it owned since 1975, shortly after the stock had dropped by more than 12%. Good time to sell?

In 2004-2005 the government paid 17.3% of all taxes collected toward ONLY THE INTEREST on the public debt. When I say the "government paid" I really mean the people of Canada since the government has no money of its own. So every dollar that you pay in taxes 17 cents of that goes directly to the private banks! This is actually a small percentage due to the low interest rates. In 1990-1991 this value peaked at 39 cents for every dollar!

What do you think we could spend this money on if it wasn't going to the private banking system? Health care? Education? Tax cuts?

Related Article: Money for the People, and by the People

Related Article: Bankers Enthroned - Why the NDP won't save you and details about the current bank mergers and their expansion into other financial areas.

Article Posted at www.KnowledgeDrivenRevolution.com

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The Number 1 Reason YOU became a Slave

Brent Jessop || November 5, 2005

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