Black Clouds over Canada

VERY BLACK CLOUDS ARE REPLACING “SUNNY DAYS”.

 This last month we have been presented with our worst fears about the so called “sunny days” government of Canada.

 We understood that sunny days and sunny ways meant that we had elected a government that was willing to listen to us and work with us and for us.   That concept was refreshing and even a little encouraging despite some inherent reservations.

 Yes, we saw a balanced cabinet, yes we saw an initial change in the atmosphere in the House when it convened to pass some immediate tax relief for the upper “middle class” – really how many Canadians are actually in the “middle class” bracket?   For those on CPP and OAS or those struggling to make $40,00 per year it was a completely meaningless exercise.

 But what has happened since then to give Canadians the idea that we are important, that we matter, that indeed we even count as far as this federal government is concerned?

 Well, there has been consultation on election reform held assiduously around the country and with thousands of people making presentations to the special committee.  Since the conservatives have been insisting on a referendum first (not sure on what as the vast majority of Canadians want a change) and now the NDP are going to support that, so maybe there is little chance of there being any development by 2019. Good tactics by the Cons so they can say: “See he didn’t keep this huge promise!”   How does maneuvering like this serve the Canadian people?

 TPP consultations were held to supposedly allow Canadians to express their views, but in fact the committee was presented to 95% by corporate sponsors with a smattering of individual views expressed so a foregone conclusion was reached in a flawed process.

 The aboriginal people of Canada were promised much for education, housing and health but is the money flowing or are consultations still preventing that from happening?

 The cracks are therefore beginning to appear.

 Questions in November and December of 2015 by yours truly about the Bank of Canada and the construction of the Infrastructure Bank were brushed off or simply ignored.

Then we have the CETA, a dodo bird like investment agreement, revived by the creation of a European court of unknown jurisprudence to replace corporately controlled tribunals and signed in Belgium with still some reservations within Europe and some huge hurdles to be passed there; but here in Canada our Government will gladly give the “farm” away to Europe. Our provinces will go along with it because they are being bribed by the federal government with compensation for losses.  Will these compensations be annual or one time and who is going to pay for them?   It is unclear but either way it is a sellout of our country and surrender of our sovereignty to international corporate whims and profits.  Sunny days?  Right!  

 Did you vote for this?

 How many Canadians are aware that we have our own public bank, the Bank of Canada designed and mandated to finance infrastructure (and more)?  A bank used between 1935 and 1974 to finance the period of the greatest growth and prosperity in Canada’s history?   A period of low inflation and low national debt?  It is generally thought that Trudeau senior was responsible for the change from the BOC to international bank loans, but in fact it was the then governor of the BOC, one Gerald Bouey, who agreed to the BIS demands and agreements. At that time our National debt was a mere $22 billion owed basically to ourselves through our own bank.  Today that debt is over $1 trillion and growing with a tail of compounding interest rates that are in fact the largest payment any federal government has to make every year.

 Trudeau junior, instead of reinstating the Bank of Canada as our primary source of finance, along with his corporate Minister of Finance is going to create a new privately owned bank. The Infrastructure Bank of Canada.  The necessity for this bank does not exist, but the need to surrender our commons or rapidly diminishing resources to the corporate world apparently does.  The result is that investors in this new bank will expect a profit worthy of their investment which means a 7-9% interest, most likely compounding at that. The only way this interest can be paid is to surrender the ownership of the infrastructures created or repaired to the Infrastructure Bank which will charge for the use either by tolls, usage fees or entry fees.  Thus the commons such as roads, bridges, water, sewage, garbage collection and recycling will then be owned by corporate interests through the new bank. One wonders how this will work when and if CETA comes into effect and Europeans can compete with the Infrastructure Bank for the right to provide those services.  Can you imagine the court claims?

 In comparison, the Bank of Canada charges a minimal rate without any ownership claims and when their expenses have been paid it returns a dividend to the government, or at least it used to when it was being used to carry out the mandate created by the Bank of Canada Act of 1935.

 We can blame Stephen Harper for his desire to destroy Canada expressed in 2006 or Justin Trudeau for the continuation of that path , or we can blame ourselves for allowing them to do what their corporate masters tell them to do.

 Who benefits from turning Canada into a corporation controlled state?   You can be sure that the answer is not the people of Canada, or at least not those who are part of the so called 99%.

 If this is what you want for your children and grandchildren, then you will be happy. 

If you do not want this then look to the Canadian Action Party which has steadfastly stood not only for the return of the Bank of Canada as our source of finance, the protection of our commons and our environment but also for the people of Canada. 

We have no corporate ties and are only answerable to you.

 

Join us at http://www.actionparty.ca and have you say in the future of Canada.

 

Jeremy Arney

 

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