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Friday, 6 February 2015

The Case to "Reinstate" the Bank of Canada


This is the background information to the COMER vs Bank of Canada et al  that I discussed on Transpicuous News Midweek report on Wed.  

I will say that from the information given in the videos, I'm not entirely certain I agree with the basis of the law suit-  There are pieces missing in the background, which may derail the final court case.   In my opinion, to come at this suit from this direction, there needs to be brought into the evidence the basic fact of what money is, how it is created, the "strawman" aspect of the value of the people and the "corporatization" of the birth certificates, and most importantly, the inherent fraud of all perceived "Debt". 

...Having said that, In my opinion this is a positive step forward, even if only as a NOTICE to the Government of Canada, England, and the Central Banks of the world, that we are onto their fraud and schemes.  
I will continue to follow this story and will update everyone as soon as we have more information.


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The Case to "Reinstate" the Bank of Canada

Posted on: February 03, 2015 by M. Oliver Heydorn
Category: Social Credit News
The Case to "Reinstate" the Bank of Canada      There is a very interesting legal case that is playing out in Canada at the moment. William Krehm, Anne Emmett, and Comer (The Committee for Monetary and Economic Reform: http://www.comer.org/) filed a lawsuit on December 12th, 2011, in Federal Court to try to force a restoration of the Bank of Canada to its mandated purposes. In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act. This money would be used to finance public expenditures whenever there is a budgetary deficit. Apparently, the federal government used to borrow interest-free (to at least some extent) from the Bank of Canada up until 1974. At present, governments borrow all of the necessary money (apart from any bonds they may sell to the public) from private banks at the going rate of interest. Canadians are economically burdened with the resultant debt-servicing charges because the Bank of Canada does not make use of its prerogatives in the interests of the Canadian public. The case is being prosecuted by Rocco Galati, who is widely considered to be Canada's top constitutional lawyer.

     The nature of the lawsuit has been explained on www.pressfortruth.ca in the following terms:
"TWO CANADIANS AND A CANADIAN ECONOMIC THINK TANK CONFRONT THE GLOBAL FINANCIAL POWERS IN THE CANADIAN FEDERAL COURT. THE CANADIANS PLEAD FOR DECLARATIONS THAT WOULD RESTORE THE USE OF THE BANK OF CANADA FOR THE BENEFIT OF CANADIANS AND REMOVE IT FROM THE CONTROL OF INTERNATIONAL PRIVATE ENTITIES WHOSE INTERESTS AND DIRECTIVES ARE PLACED ABOVE THE INTEREST OF CANADIANS AND THE PRIMACY OF THE CONSTITUTION OF CANADA
     Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform) on December 12th, 2011 filed an action in Federal Court, to restore the use of the Bank of Canada to its original purpose, by exercising its public statutory duty and responsibility. That purpose includes making interest free loans to municipal/provincial/federal governments for "human capital" expenditures (education, health, other social services) and /or infrastructure expenditures.The action also constitutionally challenges the government's fallacious accounting methods in its tabling of the budget by not calculating nor revealing the true and total revenues of the nation before transferring back "tax credits" to corporations and other taxpayers. The Plaintiffs state that since 1974 there has been a gradual but sure slide into the reality that the Bank of Canada and Canada's monetary and financial policy are dictated by private foreign banks and financial interests contrary to the Bank of Canada Act.
     The Plaintiffs state that the Bank of International Settlements (BIS), the Financial Stability Forum (FSF) and the International Monetary Fund (IMF) were all created with the cognizant intent of keeping poorer nations in their place which has now expanded to all nations in that these financial institutions largely succeed in over-riding governments and constitutional orders in countries such as Canada over which they exert financial control.The Plaintiffs state that the meetings of the BIS and Financial Stability Board (FSB) (successor of FSF), their minutes, their discussions and deliberations are secret and not available nor accountable to Parliament, the executive, nor the Canadian public notwithstanding that the Bank of Canada policies directly emanate from these meetings. These organizations are essentially private, foreign entities controlling Canada's banking system and socio-economic policies.
     The Plaintiffs state that the defendants (officials) are unwittingly and /or wittingly, in varying degrees, knowledge and intent engaged in a conspiracy, along with the BIS, FSB, IMF to render impotent the Bank of Canada Act as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and bypass the sovereign rule of Canada through its Parliament by means of banking and financial systems." http://pressfortruth.ca/top-stories/case-reinstate-bank-canada/

     On the 26th of January, 2015, the latest appeal on behalf of the Crown to have the case dismissed was rejected by three judges in Federal Court in Toronto. The Federal government now has 60 days to appeal the decision to the Supreme Court. Cf. http://pressfortruth.ca/top-stories/update-bank-canada-vs-comer/. Interestingly enough, both the case itself and the various developments that have occured are not being covered at all by the mainstream media. While Mr. Galati's other cases have regularly received wall-to-wall coverage across the country, this particular case, which he believes is probably his most important case to date, has so far been ignored. When questioned about this, Mr. Galati said that he has a firm basis for believing that the Canadian government has requested or ordered that the mainstream media not cover the case (he could not divulge his sources), and that, in his opinion, the government does control the media to a certain extent and on certain limited issues. He also added that he does not believe that we in Canada are living in a democracy. In fact, as far back as 1999, he has been on record as claiming that we have entered a 'quiet dictatorship.'
     As far as its merits are concerned, Mr. Galati said that the case is on solid legal and constitutional grounds and his clients should win. Whether they will win or not is another question. As Mr. Galati has acknowledged: "Not all meritorious cases in our judicial system win".

Continue Reading HERE:  http://www.socred.org/blogs/view/the-case-to-reinstate-the-bank-of-canada




Additional info from constitutional lawyer Rocco Galati
update COMER VS BOC Jan 2015

Published on 27 Jan 2015

Breaking News, Update on the COMER VS. Bank of Canada law suit,
Jan 26 2015 Today COMER (Committee on Monetary and Economic Reform EST. 1986) and constitutional lawyer Rocco Galati won yet another round of appeals. Galati the most prominent constitutional lawyer in the country says he does not believe Canada is a democracy any longer and that the media is controlled by the government.

    Category
    News & Politics





Published on Jan 27, 2015
Breaking News, Update on the COMER VS. Bank of Canada law suit,
Jan 26 2015 Today COMER (Committee on Monetary and Economic Reform EST. 1986) and constitutional lawyer Rocco Galati won yet another round of appeals. Galati the most prominent constitutional lawyer in the country says he does not believe Canada is a democracy any longer and that the media is controlled by the government.





Published on Feb 1, 2015
Canadians sued the Bank of Canada and won.


Federal Court of Appeal Decisions

Date: 20150126


Docket: A-228-14
Citation: 2015 FCA 20
CORAM:
RYER J.A.
WEBB J.A.
BOIVIN J.A.

BETWEEN:
COMMITTEE FOR MONETARY AND ECONOMIC REFORM ("COMER"), WILLIAM KREHM, AND ANN EMMETT
Appellants/
Respondents in the Cross-Appeal
and
HER MAJESTY THE QUEEN, THE MINISTER OR FINANCE, THE MINISTER OF NATIONAL REVENUE, THE BANK OF CANADA, THE ATTORNEY GENERAL OF CANADA
Respondents/
Appellants in the Cross-Appeal
Heard at Toronto, Ontario, on Monday, January 26, 2015.
Judgment delivered at Toronto, Ontario, on January 26, 2015.
REASONS FOR JUDGMENT OF THE COURT BY:
RYER J.A.



Date: 20150126


Docket: A-228-14
Citation: 2015 FCA 20
CORAM:
RYER J.A.
WEBB J.A.
BOIVIN J.A.

BETWEEN:
COMMITTEE FOR MONETARY AND ECONOMIC REFORM ("COMER"), WILLIAM KREHM, AND ANN EMMETT
Appellants/
Respondents in the Cross-Appeal
and
HER MAJESTY THE QUEEN, THE MINISTER OR FINANCE, THE MINISTER OF NATIONAL REVENUE, THE BANK OF CANADA, THE ATTORNEY GENERAL OF CANADA
Respondents/
Appellants in the Cross-Appeal
REASONS FOR JUDGMENT OF THE COURT
(Delivered from the Bench at Toronto, Ontario, on January 26, 2015).

FULL record on Federal Court of Appeals:  http://decisions.fca-caf.gc.ca/fca-caf/decisions/en/item/100762/index.do











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