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By BobInnes (registered) - website | Posted April 26, 2011 at 11:29:36 in reply to Comment 62696
Mr Meister, perhaps the nub of our disagreement centers on exactly what is going on now. You seem happy with the status quo, I am not. You said inflation is relatively low, I do not believe that piece of codswallop MSM constantly feeds us. This means we can never agree on how to fix the problem if there is no problem in your eyes to fix. I think ordinary folks know that the inflation data is a lie. It is made up by manipulating stats in fascinating ways. Please visit shadowstats.com for one man's attempt to shine a light on this. Inflation data is a core metric that affects everything else. False readings make politicians look good but renders their decisions useless.
A Smith alludes to this when he mentions house prices. The adjustment is occurring as we speak but will gather speed and take people by surprise. Then they may recall a crazy guy who ran for a fringe party that talked of such things :-)
A Hamilton Bank would probably be an excellent idea (as long as it's not run by the money interests that run the city now). I'm sure commercial banks will or have made it illegal by 'persuading' politicians to pass laws not in our interest. My insight into how this works comes from page 87 in Maurice Strong's book Where on Earth Are We Going. The guy should be strung up and might well be if he had not removed himself to tax haven Hong Kong.
As to the mechanics of the old BOC vs the new, voters should visit the CAP website rather than listening to me. We are arranging a meeting in Brantford on the 30(?)th for a presentation by our specialist in this area - please get in touch if interested. I believe the main mechanisms are reserve requirements and bank monies held by the BOC. Not sure about the dollar but again, I'm surprised at your take on the issue. Russia had many problems besides the ruble but look at how China prospers at our expense by manipulating exchange rates to the benefit of their nation. Americans are furious but they are also profligate. They will crash and bring us down with them.
CAP wants to rescue Canada from this folly before it is too late. Voters must decide if they want a lone voice in the system outing these truths.
Frogs, the pot is getting warm.
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