Lawsuit: gov debt need not be interest-bearing

 

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  • #7690
    Evan
    Member

    Check out constitutional lawyer Rocco Galati’s interview regarding his class-action lawsuit against the Canadian federal government over the way it borrows money. Galati discusses how the federal government could have borrowed interest-free money from the Bank of Canada and the consequences of the decision to obtain interest-bearing loans from commercial banks instead.

    The Bank of Canada is the only Central bank in the G8 countries that is still a public bank. The rest of the Central banks in the G8 are private banks.
    Does anyone know any other countries that still have a public Central bank?

    Any ideas about ways of attracting the mainstream media to this lawsuit or similar lawsuits in the future?

    [video]https://www.youtube.com/watch?v=9W4a9xzc_AY[/video]

    #106015
    Anonymous
    Inactive

    interest-bearing loans from commercial banks instead of those from the Bank of driving directions Canada and the repercussions of that decision.

    #133839
    heavilycreepy
    Participant

    What is the expected wait time? If you enjoy online sports games or enjoy competing against gamers from all around the world, soccer random is the game for you.

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