View Full Version : a little history of shock testing in Canada

David Merrill
03-12-11, 03:29 AM
Please get a look where some of my unique conclusions started, in this treatise on Gold Redemption in Canada (http://img860.imageshack.us/img860/3474/goldrequirements.pdf). It's there in Footnote 4:

Rose proposed to remodel the Canadian financial institutions after the us National Banking System. Under this scheme the banks would have been required to hold Dominion government securities to the extent of 100 per cent of their note circulation.

Now jump up to the text:

The struggle between the supporters and opponents of government money came to a head in 1869 when the Conservative finance minister, Sir John Rose, submitted to Parliament a proposal which, for all practical purposes, would have entailed a government takeover of the bank-note circulation.4

After reciting two paragraphs of back-and-forth about reserve banking:

A gold reserve of 20 per cent must be held against note issues up to $5 million.

What we witness is that while the US went on fiat currency due to the extraordinary occasion (Emergency) of the Civil War, it maintained and always has (http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005115----000-.html) maintained that US notes will be 100% backed by gold reserves. [This brings up some interesting contradictions with Title 31 U.S.C. §5115 but that addition of the word currency (http://www.law.cornell.edu/uscode/html/uscode31/usc_sec_31_00005115----000-notes.html) (In the section, the words “United States currency notes” are substituted for “United States notes” for clarity and consistency in the revised title.) is for another post.] My point here is that at the same time Canada chose to go into the dishonesty of reserve banking (fractional lending) way back when, apparently based on the US going into fiat currency. Hopefully you have already noticed the title:

The Gold-Reserve Requirement under the Dominion Notes Act of 1870: How to Deceive Parliament

The shock testing was basically to allow Canada to test the effects of fractional lending under Crown authority for some fifty years before the international bankers could consider it formally in the US with the Federal Reserve.

The more interesting point though is that the Bank of Canada Act (http://img263.imageshack.us/img263/1527/nonendorsementcanadaboc.jpg) has the same remedy as Title 12 U.S.C. §411.


David Merrill.

03-12-11, 05:24 AM
Bank of Canada joined the Federal Reserve with the intent of buying a couple banks so that it could setup shop here in the states, interestingly one of those purchases was BanCorp Bank which operates the majority of the ACH transactions through the U.S. Treasury.
Federal Reserve Controllers have a swap facility in which then can move debt from one country to the other for controlling economics:

" the TSLF was done in conjunction with the Bank of Canada, the Bank of England, the European Central Bank, and the Swiss National Bank. The resource allows dealers to switch debt that is less liquid for U.S. government securities that are easily tradable. It is anticipated by Federal Reserve officials that the primary dealers, which include Goldman Sachs Group. Inc., J.P. Morgan Chase, and Morgan Stanley, will lend the Treasuries on to other firms in return for cash. "

Source: http://en.wikipedia.org/wiki/US_Federal_Reserve_Bank

So coincidence that the monetary policies of both countries are the same? I think not. Such similar knowledge is also revealed in Edward Griffin's book: Creature from Jeckyl Island.
North American Union will never happen if people wake up fast enough.
I have been telling everyone I can to start putting lawful money statements on everything, close loans out and stop using credit cards. Similar actions are being put into action by an organization called the love police or something like that, going into malls with bullhorns and demanding stores close their doors with a little success out of store owner fears of a riot.

David Merrill
03-12-11, 03:31 PM
There are arguments that the Crown of Canada's Parliament is one in the same as the principal for the Esquires of the Declaration of Independence. I designed this Lesson Plan from Michael Edward's original, which was getting a little difficult to find at the time. People were posting various renditions and editorials so I got with Michael Edward to be sure this is his original rendition:


Aerial photo of the Middle Temple. (http://img846.imageshack.us/img846/241/middletemple.jpg)


11-12-13, 03:04 AM
David, Thanks for the link from another thread. One question, If it's not too much trouble. Which version of the Bank of Canada Act did you find this quote in??

11-12-13, 07:01 PM
[QUOTE=David Merrill;357

The more interesting point though is that the Bank of Canada Act (http://img263.imageshack.us/img263/1527/nonendorsementcanadaboc.jpg) has the same remedy as Title 12 U.S.C. §411.


David Merrill.[/QUOTE]

Do you happen to remember which version of the Bank of Canada Act this is from?? I'd like to get my hands on it....