Posted on February 10, 2015
by Jerry Alatalo
Bill Still issued a correction on his recent report about a lawsuit against the government/Bank of Canada. His original report was that the citizen monetary reform activist group COMER (Committee on Monetary and Economic Reform) lawsuit had resulted in a decision where the Bank of Canada lost and the court ordered the bank to return to the debt-free sovereign money creation system pre-1974. He erroneously reported that the Bank of Canada had 60 days to appeal the decision.
In his correction, Mr. Still points out that what really happened in the lawsuit was that the COMER group had won the right to sue the Bank of Canada; that lawsuit being over Bank of Canada’s money creation change which transformed the Bank’s system from a debt-free sovereign model to one which creates/borrows Canadians’ money supply from private financial institutions, beginning in 1974.
So, the COMER group has won…
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