THE CLAIRE FOSS JOURNAL

The Federal Budget Canadians Deserve

The federal government doesn't need to slash and burn the jobs and hopes of its citizens to balance its budget.  It can use its bank (our bank), the Bank of Canada, just as it did from 1939-1974 to escape the Great Depression, help finance World War II and later our great post-war infrastructure, including the foundation of our social security system, to give us the best 25 years of the 20th century.

Then in 1974, when incidentally there was not one food bank in all of Canada, the Bank of Canada adopted the ideas of Milton Friedman and his colleagues at the University of Chicago, and it has been downhill ever since.  Today there are over 700 food banks in Canada and more people than ever are using them.

But this doesn't need to be!  Parliament has the power to end the recession and create full employment without putting us further into debt.  All it has to do is make the Bank of Canada work for the benefit of all its shareholders and not just the richest 1% of them.

What is at stake?

The future of our young people - their ability to find work when they leave school; the future of adequate health care; the future of public education at reasonable cost; the safety and efficiency of our public infrastructure; our ability to live in comfort when we retire.

And,

Most important, the ability of our governments to help preserve the habitability of our planet by immediately (within 10 years) replacing our oil economy with clean energy.

So, read the attachment, a brief primer on monetary theory and policy, and pass it on to everyone you know.  Not only that, start talking about the issues with friends and colleagues.  Why do privately-owned banks have a virtual monopoly on printing money?  Why is it all created as debt?  Is there any way to avoid drowning in an ocean of debt?

Henry Ford said: "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."  He may have been exaggerating, but he is right that if the majority understood that we are being ripped off by a handful of the greediest, richest and most ruthless con artists in the world we would finally rebel.

Try to understand, and then write to the Prime Minister, Minister of Finance and your MP to demand immediate action.  Letters are best; e-mail second best.  http://www.parl.gc.ca

Paul Hellyer

In collaboration with Will Abram, Jerry Ackerman, Erik Andersen, André Bernier, Ellen Hodgson Brown, George Crowell, Derrell Dular, Ann Emmett, William Krehm, John McMurtry, Richard Priestman, John Riddell, and Keith Wilde
Please read this important document.  Click here - Global Hope