Trudeaus New National Infrastructure Bank - Robbing the Poor To Give Profits To The Rich

We have previously commented on the absolute insanity of the proposed new infrastructure bank to be based out of Toronto in this article among others.
http://bcsecuritiescommissionasham.blogspot.ca/2017/05/the-usury-based-system-towards.html


As the Liberals attempt to have the new bank approved by putting it in an omnibus bill that is being rushed through parliament opposition from all sides is mounting.
 See the following exert from the Toronto Sun on the foolishness of this endeavour.

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A barrage of criticism from think-tanks, economists and opposition MPs is tearing into a Liberal plan for a private Infrastructure Bank – but the Trudeau government is fast-tracking what NDP MP Guy Caron calls “a reverse Robin Hood scheme.”
After election, the Liberals abandoned a platform pledge to “use the government’s strong credit rating” to fund infrastructure, opting instead for an investor-recommended Infrastructure Bank.
The Infrastructure Bank would collect fare, fee and toll revenue when Canadians use infrastructure financed by the Bank – transit, roads, bridges, waterworks, etc. – and remit it back to the Bank’s private investors.
Guy Caron – at the time the NDP’s Finance Critic, now a candidate for his party’s leadership – was ahead of the curve last Fall when he alerted MPs to a concerning speech by Michael Sabia, CEO of a $500 billion pension fund.
Sabia told a Bay Street crowd his fund expects a 7 to 9% return on infrastructure financing. That range was confirmed in April when the Quebec government announced it would pay Sabia’s fund an 8% return to finance a Montreal transit project.
The Bank of Canada can borrow the same money at 2% interest.
Paying higher fares, fees and tolls because of a political decision to use more expensive private capital would be a “massive transfer of wealth to the wealthy,” says Caron.
Now the chorus of think-tanks voicing concern includes the Canadian Centre for Policy Alternatives, Broadbent Institute, C.D. Howe Institute and the Institute of Fiscal Studies and Democracy, which is headed by former Parliamentary Budget Officer Kevin Page...

    See the rest of the article at the source below.
Opposition Sharpens Attack On Reverse Robin Hood Infrastructure Bank

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 Is this malfeasance in public office? Or simply fraud and theft?
 As always more to come..

Barrick Gold Can't Justify Its Existence Beyond A Bottom Line

 More on Barrick Gold, we have previously reported how Barrick Gold is connected to a global criminal cabal, Saudi Arms dealers, the Bush family, 9/11 events, and the CIA along with its heinous modus operandi in some of the articles below.

 On the 'Great American Gold Grab'
The Great American Gold Grab - Insight into Barrick Gold, The Fed and Global Fraud

 On Barricks ties to the 9/11 false flag attacks.
 9/11 Funding, the Bronfman Family, Barrick Gold, Bin Laden, and the Bush Family

Project Hammer
Project Hammer and Barrick Gold

 Now we have an exert from a Huffington Post blogger on that sheds a little more light on the influence of Barrick on Canadian politics as well as the criminal manner in which it operates.

                                               
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 Exert from the following article on Huffington Post, source below.

Barrick Gold Can't Justify Its Existence Beyond A Bottom Line

Within Canada, Barrick is a right-wing political force. Benefiting from Canadian aid money, Export Development Canada financing and diplomatic support, the company has aggressively opposed moves to withhold diplomatic and financial support to Canadian companies found responsible for significant abuses abroad. Barrick is part of regional corporate lobby groups the Canadian Council of the Americas and the Canadian Council on Africa, as well as being represented on the Senate of the Canadian International Council and the board of the C.D. Howe Institute. The company has sponsored various other right-wing groups and events.
Founder and long-time Barrick CEO Peter Munk has provided at least $60 million (he receives tax credits for donations) to right-wing think tanks such as the Fraser Institute and Frontier Centre for Public Policy as well as the Munk Debates and University of Toronto's Munk School of Global Affairs. In 2010 the Fraser Institute gave Munk its most prestigious award "in recognition of his unwavering commitment to free and open markets around the globe."
If it had to justify its existence beyond making money for capitalists, Barrick, which mainly produces a mineral of limited social value, would have ceased to exist and the world would be better off.

  See the source for full story
 http://www.huffingtonpost.ca/yves-engler/barrick-gold-social-value_b_16562020.html

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The Usury Based System. Towards A Worldwide Financial Disaster?

The Usury Based System. Towards A Worldwide Financial Disaster?

  An article from Veterans Today outlines the perils of the current usury based monetary system that is prevalent amongst western nations including Canada of course.
 Prime Minister Justin Trudeau and his new planned national infrastructure bank will simply add further debts for Canadians to pay off. These debt payments will go to an international consortium of rich and powerful investors who contrary to the current mantra do not create jobs by compounding their wealth.
 The Prime Minister and the Finance Minister have not been honest with Canadians about how infrastructure in this nation could be funded. The Bank of Canada has the ability to create Sovereign debt free money to fund such projects yet the Bank of Canada has been borrowing money from a global banking cabal since the Basel Accords were signed in 1974. See www.comer.org for more on the subject.

 Unfortunately Justin Trudeau and Finance Minister Bill Morneau have no compassion or empathy for the people of Canada, they simply act to serve their own immediate interests as Canadian Prime Ministers continue the tradition of extorting Canadians. MP Dan Albas from the Conservative party wrote an excellent article calling out the folly of creating such a bank and furthering Canadians debt loads, see here - Don't Bank on Liberal Idea
 Keep in mind that the institutional investors that will be investing in this new bank will be major global corporations like Black Rock that have no interest in the good of the nation or its people. These large institutional investors will be looking for a return on their money that is far above and beyond what we would pay on simply borrowing money or better yet returning to the issue of debt free currency to fund such projects. These investors whom Mr. Trudeau claims we as a nation need to invest in our infrastructure will be doing us no favours as the corporate Liberal propaganda machine would have us believe.
 BC and Canada will look something a lot closer to Greece in 25 years if the current course of action in this nation is continued.

 The below exert is from Veterans Today,

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The Usury Based System. Towards A Worldwide Financial Disaster?

By Jonas E. Alexis on May 4, 2017

New World Order agents are in charge of all Western governments and of the military-industrial-intelligence-media complex, and they have shown themselves capable of killing anyone who gets out of line, as they did to JFK, perpetrating false flag events to stampede the populace into obedience, as they did with 9-11, or destroying whole nations as they did with Yugoslavia, Iraq, Libya, and now Syria.

…by Jonas E. Alexis and Richard C. Cook

Richard C. Cook is a retired federal government analyst. In his 32-year career he worked for five civilian agencies and the Carter White House. While with NASA he documented the flaws with the space shuttle solid rocket booster and testified before the Presidential Commission on the Space Shuttle Challenger Accident. Unable to return to NASA after his testimony, he spent the rest of his career with the U.S. Treasury Department.
On retirement in 2007, Cook published a book on monetary policy entitled We Hold These Truths: The Hope of Monetary Reform.
Jonas E. Alexis: The issue of money scandals on a massive scale is always interesting because it brings out the inexorable relationship between capitalism and usury. For example, the illustration is used that “if Judas Iscariot had invested his thirty pieces of silver at just a few percentage points compound, repayable in silver as of today, the amount of silver required would be equivalent to the weight of the Earth.”[1] There isn’t enough gold and silver in the universe to meet that challenge. In other words, the idea behind usury is an arithmetic impossibility.
But the oligarchs always try to come up with superficial and crazy ways to bypass that mathematical impossibility. Why? Well, they always attempt to come up with sophisticated ways to cheat the oppress, the poor, and the needy.[2]
For example, during the Roman Empire, after the death of Augustus, the rich started employing usury to increase their wealth.[3] In the process, they largely “controlled any financial movements in the economy.”[4] Eventually, during the decline of the Roman Empire, “the tenant-farmers were reduced to serfdom by their creditors.”[5]
Usury was eventually condemned by all religious institutions, including Islam, Hinduism, and Buddhism, because it was viewed as a practice that oppressed the poor and needy and had the potential to bring about the collapse of economic progress. In Islam, for example, trade or fee is permitted, but usury is not.
Philosophers such as Plato, Aristotle, Cicero, Seneca, and Plutarch also condemned usury as unnatural (contra natura) and immoral. This discussion became so important in Plato’s Law that he ultimately not only advises that “no money should be lent at interest” but that “the borrower should be under no obligation to repay either capital or interest.”[6]
Plato says in The Republic that the oligarchs gather their wealth through usury and by ruining the life of others, namely the poor.[7] Aristotle called usury “the most hated” form of “getting wealth.”[8] Marcus Porcius Cato, a Roman statesman who lived between 234 and 149 B.C., indirectly equates usury with murder.
As George Santayana put it, those who don’t know their history are doomed to repeat it. Over the centuries, usury has destroyed economic progress. And we are just repeating history here because compound interest is taking a huge toll on almost all the strata of the U.S. economy, especially among college students and home owners.[9]
In early 2012, student loan debt reached $1 trillion,[10] with the average graduate owing at least $25,000.[11] During the same season, student debt rose by 8% and college tuition skyrocketed.313 Fifty-one-year-old Doug Wallace, who graduated from Eastern Kentucky University with a debt of $89,000, declared, “It’s like you’re not of much worth in society.”[12] Courts are now finding that “debt collectors misled borrowers” with regard to student loans.[13]
Kelsey Griffith, a student from Ohio, graduated with a debt of $120,000. Chelsea Grove, a Bowling Green State University drop-out, is now paying off a $70,000 debt, even though she has no intention of going back to school. Christina Hagan will have to pay off a $65,000 debt when she graduates from Malone University (an evangelical school).
Although she makes $60,000 a year as a state representative, “she plans to begin waiting tables in the next few weeks…to help pay down her student loans and credit cards.”[14] Hagan has a message for the younger generation, “I placed a priority on a Christian education and I didn’t think about the debt,” she said. “I need my generation to understand that nothing is free.”[15]
Capitalism makes usury not only sophistically alluring for the rich and powerful, but makes it legitimate, and for this purpose it has received widespread criticism.[16] Capitalism is not just “wealth” or economic exchange in the free market. Soon or later usury is going to sneak in—the exclusion of ethical values in the pursuit of usurious contracts.
One anthropologist and historian who has studied this issue from the early centuries likened modern capitalism to “a structure designed to eliminate all moral imperatives but profit.”[17] Over the centuries—most specifically during the twentieth century—Jewish intellectuals have refined usury in such a way that the masses are completely oblivious of what is actually going on. And their definition only works for the rich and powerful, not for the poor and the needy. William Deresiewicz of the New York Times, summarizing the avarice and usurious activity of the rich over the past few decades, tells us unapologetically:

“Enron, BP, Goldman, Philip Morris, G.E., Merck, etc., etc. Accounting fraud, tax evasion, toxic dumping, product safety violations, bid rigging, overbilling, perjury. The Walmart bribery scandal, the News Corp. hacking scandal—just open up the business section on an average day. Shafting your workers, hurting your customers, destroying the land. Leaving the public to pick up the tab. These aren’t anomalies; this is how the system works: you get away with what you can and try to weasel out when you get caught.”[18]

In short, the oligarchs always use capitalism to suppress the poor and the needy. They always use ambiguous phrases such as “economic freedom” or “economic exchange” in order to sneak in usurious contracts into the economic equation. And if you are against “economic exchange,” they argue, then you must be a socialist or communist or something equally weird.
Those who don’t think that capitalism is a sophisticated way of cheating the masses probably don’t know what capitalism really is. That is why we are inviting Richard C. Cook to tell us a little bit about this because he spent years working in Washington.

Richard C. Cook: Since I retired in 2007, I have published several books and dozens of articles on public policy matters. My next book was on monetary policy and titled, We Hold These Truths: The Hope of Monetary Reform. This book consisted of a history of the U.S. monetary system and an explanation of why that system should be changed radically to avert further disasters.
In the book I predicted the financial collapse of 2008. Of course the changes I prescribed have not been made, and in the nine years since then the situation has become much worse. In fact, we likely have passed the point of no return.

 Very few people understand how the Western banking system really works and how it differs from that which operates in such countries as Russia, China, and a few others, with partly controlled systems that still derive from their formerly communistic economies. Those who do understand are based in the world’s financial centers such as London, New York, Paris, Frankfurt, Milan, Basle, etc.
These are the owners and operators of the largest banks. Representatives of these privately-owned banks are assigned to manage national central banks, like the Bank of England and the Federal Reserve, and international quasi-public institutions like the International Monetary Fund.
One of my projects at the U.S. Treasury Department was to develop and teach training courses on the history of U.S. government finance. My research showed that in American history, the type of financial system based on central banking controlled by private interests used to be known as the “Jewish system.” I did not employ this term in teaching my classes because of the sensitivities involved. But to use it would not have been “anti-Semitic” as much as a statement of historical fact.
The Western financial system based on bank-issued debt as the dominant means of introducing money into circulation was created by medieval money-changers in Europe. By the time of the Renaissance, modern banking had begun to take form. There was also the assumption that if lending were backed by gold and silver held in the vaults of banking institutions that real value could always be counted on if promissory notes were called in.

 But there are deeper structural problems. The inevitable consequence of any economy based on usury, depending of course on whether interest is simple or compound and also on the prevailing rate of interest, is that the wealth of that economy will gradually pass into the hands of the financial controllers. This fact has been known and understood since the system first appeared in ancient Babylon, as documented by Dr. Michael Hudson. Dr. Hudson even cites an ancient legend that the system was invented by the Devil to enslave human beings.

 A usury-based system sucks the purchasing power out of the producing economy. This places every institution and individual within that economy under pressure to constantly generate an ever-increasing level of economic activity to stave off bankruptcy, ruin, and even starvation.
Historically, the system took a major step toward chaos when banks were allowed, by law, to lend more than they had on reserve. “Fractional reserve banking” was a natural outgrowth of the practice banks were permitted to engage in under the assumption that not everyone would want to redeem their paper notes with gold and silver at the same time.
Unfortunately, the more mature an economy becomes, the more the economic growth rate slows and the greater the stress involved in the simple act of living. Many cannot keep pace as the ranks of the poor grow. The ancient Hebrews recognized the peril of the system by mandating a periodic “Jubilee” when debts were forgiven.
In today’s economy, there is never a Jubilee. So in order to pay off debt, the economy must constantly grow. In order to make it grow, everything else must be sacrificed. When human values conflict, they must be pushed aside to serve growth. Ask any politician—economic growth must be constant; non-growth is disastrous.
Further, without regulation, companies are motivated to cut costs by wanton pollution, reducing wages, and overusing public infrastructure like highways without paying their fair share of taxes.

This is where Western society has arrived today. People and firms must constantly increase the rate of economic activity just to pay their debts, leading to increased resource consumption, brutal competition among individuals and nations, price inflation, war, crime, and breakdowns in health and social order. The idol of Mammon is voracious in demanding its blood tribute.
Because machines are increasingly better able to produce goods and services than people, technological unemployment is soaring even as human beings lose the income needed to purchase what must be produced. Vast numbers are increasingly left out of the economy, leading to human exploitation that in some parts of the world even includes a resurgence of human slavery.
Thus an economy that is incredibly productive on the one hand creates increasing misery on the other. Such an economy is unsustainable. The fault lies chiefly with the usury-based financial system. It is not that alternatives are not available. Different methods have been used at various times in history to introduce money into circulation apart from debt-based private banking...

 See source for the next chapter on how Reaganomics destroyed the economy -
http://www.veteranstoday.com/2017/05/04/the-usury-based-system-towards-a-worldwide-financial-disaster/

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More to come..

From GATA and TF Metals Report on market rigging


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TF Metals Report interviews GATA chairman about market rigging

Submitted by cpowell on Fri, 2017-05-12 14:27. Section: Daily Dispatches

10:27a ET Friday, May 12, 2017
Dear Friend of GATA and Gold:
The TF Metals Report this week interviewed GATA Chairman Bill Murphy, discussing, among other things, the latest smashing of monetary metals futures prices on the New York Commodities Exchange, the depression in the monetary metals mining sector, whether there is any limit to the suppression of monetary metals prices, and whether the anti-trust litigation against the big investment banks that have been accused of rigging silver prices will have any effect. The interview is 44 minutes long and can be heard at the TF Metals Report here:
http://www.tfmetalsreport.com/podcast/8330/a2a-bill-murphy-gata
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

Source-
http://www.gata.org/node/17359
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Canadian Banking System Exposed

 From Bill Abrams,

 Canadian Banking System Exposed

Source -
https://www.youtube.com/watch?v=JuP2hH0Kpro

The Plan to Bankrupt BC Hydro

 We have previously reported a variety of concerning information that has come to light regarding the BC Investment Management Corporation (BCIMC) which is the BC Public Servant pension fund of over $120 Billion dollars. We have shown how the BCIMC is simply a tool for our public officials and their masters to extort and loot this province.

 Of course the robbing, looting and destruction of the English family certainly tops the list of the crimes of the BCIMC as can be seen here at http://www.bcimc.info/.
 Details Legal Filings against the BCIMC and co-conspirators can be seen here. The matter has been delayed..
http://www.bcimc.info/the-lawsuit-by-the-english-family.html

 In addition we have covered how the BC Securities Commission is connected to the BCIMC, it actually owns 'securities' in a financial entity (BCIMC) which it is supposed to regulate!
 See the following for more on this subject The BC Securities Commission-A Regulator Who Regulates Their Own Investments? .html.

 We will further demonstrate how all of this is connected, from the Smart Meter Scandal, to the future destruction of BC Hydro through the Site C Dam, to how the CAI is connected to the CIA, and how the BCIMC and BCSC play large roles in extorting this province as we continue to release information on this blog.

 Now I will share a letter from Mr. English who along with his family was the victim of the malicious attack referred to above. The letter is prior to yesterdays election however due to the in-depth involvement of the likes of Christy Clark in such schemes handcuffs are an equally effective way to remove the criminals in power as a vote.
 Given what we have seen over the past year or two in terms of the truth coming out, the retreat of those who are involved in this criminal enterprise as well as more and more people becoming aware of the crimes of our public officials and their hidden associates, it would not surprise me if Christy Clark is forced to resign at the very least or ends up in a prison cell. Both Americans and Canadians are victims of this mass RICO operation, in fact Canadian Authorities should move to take action if only to ensure they still control their own turf so to speak. According to law Ms. Christy and the gang could very well be liable for their crimes in the US as well as Canada. Various legal tools gives US authorities powers of extradition in international racketeering cases, racketeering on a global scale is exactly what is happening in BC. Just as BCSC employees are not immune to prosecution for criminal offences although it may seem they are, neither are Of course this means the US would have to go to war against an agency that is supposed to protect it as the CIA along with the Cabal of international bankers is among the very factions that is robbing the people of both nations blind.

 A letter from Mr. English below:

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Plan to Bankrupt BC Hydro

This is a major reason to Vote for your Independent Candidate in the

BC Provincial Election on May 9, 2017.

 

All the BC Political Parties are top run dictatorships.

 

 The people of BC must stop the Site C Dam which will bankrupt BC,

remove Smart Meters like Sasatchewan just did, and return BCIMC

to BC Government Public Management.

 

 Also the police in Canada and the US should be investigating the role of

Tracey McVicar and CAI Private Equity Partners (New York) in cross border government corruption and conflict of interest in the BC Hydro Smart Meter forced imposition on the health and safety of BC residents orchestrated by

CAI, BCIMC and McVicar and the BC Liberal Government from which they illegally made multi million dollar profits.

Every Independent Candidate in BC would do well to show this video expose of the continuing criminal conspiracy against BC Hydro and the people of BC every night in a local church or meeting hall for free (or by donation)

and hold a Q & A afterwards.

 

 We need to let BC voters know they need to vote Independent to expose and stop this giant BC Hydro fraudulent takedown by what appears to be a coordinated conspiracy to bankrupt Hydro and sell it to a giant corporate

Private Equity group like CAI Private Equity Partners.

 

 It looks like the criminal plan is to purposely financially bankrupt BC Hydro so they can make billions off the backs of BC residents and tax payers just like they did with the Smart Meter attack which they illegally orchestrated and profited from to the tune of hundreds of millions while Tracey McVicar was illegally a director of CAI Private Equity, BCIMC and BC Hydro at the same time the smart meter scam was foisted on BC ratepayers..

 McVicar's Vancouver Branch of New York based CAI Private Equity bought the company that supplied the Smart Meters and then she very likely used her position as Director in BC Hydro and BCIMC to approve this scam and health hazard on unsuspecting BC Taxpayers.

 

CAI Private Equity illegally made hundreds of millions from this massive conflict of interest and conspiracy and then sold the smart meter company after they cashed in and defrauded BC Hydro and endangered BC voters/taxpayers.

 

This was done with the full approval and assistance of Christy Clark and the

BC Liberal government.

 

This is a government of criminals!..

 

It must be stopped.

 

Stop the takedown of BC Hydro and British Columbia by CAI Private Equity

which is a gang of New York Banksters using BC as their Killing Fields.

The US Department of Justice should be involved as the US Financial Corrupt Practices Act may well being violated here with the actions of CAI Private Equity Group and Tracey McVicar in BC.

Feel free to pass on a complaint to the US DOJ FCPA Division.  

These matters and the involvement of Tracey McVicar should be investigated.

 

 This gang of criminals embedded in the present BC Government must be stopped before they completely loot this Province and destroy us all..

This is our future and our children's at stake here.

We are under attack by a professional gang of criminals in suits who have

penetrated our government and taken control.

Hydro rates are already so high people are sitting in the cold

as they don't have the money to pay such huge rates.

 

 The people of BC are being fleeced and bankrupted by the New York

CAI Private Equity Group and their partners in crime, the BC Liberals!

The takedown of BC Hydro will be the Smart Meter Attack times ten!..

Stop the theft of BC Hydro now!

Outlaw IPP's and take back control of BC Hydro and the power, independence and security given in trust to the people of B.C. by WAC Bennett.

 

Vote Independent! 

Please forward this video/email to your friends and appropriate law enforcement authorities in Canada and the US..

 

Thanks!

https://www.youtube.com/watch?v=FtJimgNPdE8&feature=youtu.be

 

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 Now lets have a look at how CAI and the BCIMC partnered up to buy BC Hydro over a decade ago.

  As always more to come..

  We have previously posted several interesting reports from our friends at www.bcsctruthmovement.com and their efforts to find out why the BCSC and its staff failed to protect shareholders in its project.
 This includes the following New Bombshell Evidence Produced-Before A BCSC Panel Involving BC Liberal Party MP.
 How the staff at the BC Law Society are for the most part spineless leeches can be seen below and as we know this is routine behavior for the den of thieves at the BC Law Society, Why Wont Lynne Knights Of The LSBC Investigate BCSC Lawyer Olubode Fagbamiye?.

 Phone call with Mr. Olubode Fagbamiye on the what goes down at the BC Securities Commission.
Olubode Fagbamiye Of The BCSC A Chicken Shit

Now BCSC Truth Movement has issued another Freedom of Information (FOI) request regarding how the BCSC handled its case and why it ignored a settlement offer that would have made the shareholders whole. The below is from BCSC Truth Movement.

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FOI REQUEST SENT REGARDING THE SILENCE THAT DEFINES BCSC CHAIR BRENDA LEONG!

As most that follow this blog know, we have been trying to get BCSC Chair Brenda Leong to come out from under the rock she is hiding under and answer candid questions regarding the actions of her Staff down at the good ole’ British Columbia Securities Commission.    We are 3 days away from the one-year anniversary of our initial email sent to her – and to date, she has not once responded to many of the emails we have sent her since May 11, 2016.

                             BCSC's Brenda Leong Above

We have questioned for months now why she will not respond – to either acknowledge our complaint or to even defend her Staff.   Staff at the BCSC must really question whether or not she has their backs in a situation like this.  She will not defend their actions and has essentially turned her back on them for months now.   Hard to believe bu this woman makes nearly $500,000 per year – and it is her responsibility to defend the actions of her staff – mainly the junior BCSC litigator Olubode Fagbamiye and former BCSC Litigator C. Paige Leggat (Leggat is the lawyer who resigned or was terminated shortly after our allegation was brought to light in our Submission on Liability in the Spring of 2014.
Today, we sent the following Freedom of Information request to the BCSC in an attempt to finally get her to answer our questions – and to see if she has any sort of decency in dealing with our complaint finally after these unacceptable delays. Have a look….

Do you think she will respond in her professional capacity as the Chair of the Board who “represents the Commission effectively as its primary public representative”?   Or as the Chief Executive Officer who “effectively manages the relationships among the board, the commission, industry, investors, other regulators, and the public”?
Time will tell Brenda, time will tell!   C’mon out from under that rock!

 Source -
http://www.bcsctruthmovement.com/foi-request-sent-regarding-the-silence-that-defines-bcsc-chair-brenda-leong/

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  As always more to come..