The Government of Canada: Restore the use of the "People's" Bank of Canada
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This petition has been created by Randy K. and may not represent the views of the Avaaz community.
Public debt is the most important issue facing the Western World and it does not have to be. The Bank of Canada was our interest-free "People's Bank" until 1974, when the Government started borrowing money from private sources in favour of paying interest.
Public debt soared from 18 billion in 1974 to well in excess of 500 billion three years later. There was no need for this and there is no need for Canadian citizens to be paying private banks billions of dollars in interest every year when we have our own bank in place to print money to fund infrastructure, social program, education etc. for the benefit of all Canadians. This "People's Bank" policy needs to happen around the globe. Please refer to the link below to find out more about the court case promoting this amazing situation. Watch the video with the Constitutional Lawyer Rocco Galati who believes that the Government has ordered a media black-out! http://www.liveleak.com/view?i=98b_1422999032#Izb10eX9jMuXCa1V.99