On The Left Side

72754b70fe6beee440ef38686ca1c17b_XL Ontario government reminds drought-striken province to conserve water for Nestlé  
Screen Shot 2016-08-30 at 10.47.30 AMHarper’s cruel legacy deserves contempt, not whitewashing 
thomas-mulcair.jpg.size.xxlarge.letterboxThe NDP needs to stop liking losing 
NEB cancels Energy East hearing in Montreal as protesters storm the room 
nucleartesting-620x310John Pilger: Provoking Nuclear War by Media 
Donald_Trump_by_Gage_Skidmore_3_cropped-e1465834177749This America, This House Divided, Cannot Stand 
may.jpg.size.custom.crop.1086x725BDS, May and Israel’s occupation 
Geothermal Plants CaliforniaGeothermal Picks Up Steam With Alberta Proposal to Retrofit Abandoned Oil Wells 
17447porthardyBryce-CasavantforwebFormer CO who refused to kill bear cubs seeks NDP nomination in Courtenay-Comox 
cumulus-499176_1280_387x235Climate change is messing with clouds – and it's a really big deal 
BuIu-jyCYAE7YezSite C dam shaping up as a watershed moment in Prime Minister Justin Trudeau's political career 
Screen Shot 2016-08-26 at 9.40.37 AMFarms in B.C. netted $4.1 million in compensation for diseased fish 
germanygmoAnswering 'Resistance From All Sides,' Germany Moves to Ban GMO Crops 
Christy Clark 45 things you need to know about B.C.’s new climate plan 
DSC_6157Christy Clark’s LNG export environmental benefits being questioned By C.D. Howe Institute 
240616-antonioruggeribarrickgold-pascualamaCanadian mining giant Barrick Gold fired whistleblower. Then it spilled cyanide into five rivers 
shutterstock_213339877-984x500Toss a cigarette out your window, lose your car: B.C. government 
epipenEpiPen maker’s stock value drops nearly $3 billion in 5 days as investors panic 
10 Wanting Justin Trudeau Dead-Posted on Conservative Broadcaster Brian Lily's FB page.  
crowd-outside-1080x675Victoria Public Town Hall on Kinder Morgan – 100% OPPOSED! 
elizabeth_may.jpg.size.xxlarge.letterboxElizabeth May stays on as leader Green Party of Canada after fending off criticism from Rafe Mair 
980xSalmon Farms Are Destroying Wild Salmon Runs, First Nations Say 
siwash rockStanley Park named ‘top park in the entire world’ 
cda-nato-poland-20160708If there's no Russian threat to the Baltics, why are Canada's soldiers there again? 
carolyn-bennettIndigenous affairs minister says Downie's words heartening but daunting 
o-christy-clark-facebookChristy Clark's mind-bogglingly lame climate plan 
2-pope-francis-v2Pope Francis: Capitalism is ‘Terrorism Against All of Humanity’ 
Screen Shot 2016-08-16 at 8.09.32 AMThe time is right for the NDP to return to its socialist roots 
n-linda-mcquaig-ndp-large570Rather than fearing the Leap Manifesto, let’s bring on the debate 
Screen Shot 2016-08-16 at 8.09.32 AMNDP LEADERSHIP Charlie Angus touted as potential NDP leadership candidate, Chow tops poll of NDP supporters 
timthumbThe Planet is Baking Under Relentless Heat 
ELCA_C2voteEvangelical Lutheran Church in America Votes Overwhelmingly in Favor of Investment Screen!  
JOHN HORGANLet BC camp: John Horgan fighting to restore affordable access to provincial parks :

COMER Lawsuit Claims That Canadians Have Been Swindled Out Of Trillions Since 1974

Richard 'Hub' HughesConstitutional lawyer Rocco Galati’s lawsuit on behalf of Committee on Monetary and Economic Reform (COMER) has cleared another hurdle of opposition and headed to the Supreme Court.

Bill Abrams sought monetary reform

Bill Abram 

Many of you will recall the late Bill Abram who, bolstered by his wife Celia, patiently conducted forums and ‘Eye Opener’ film nights throughout the Cowichan Valley.

Monetary Reform was what drove them. It was always at the top of their list.

The two retired school teachers patiently but persistently explained  the fraud that was being perpetrated against Canadians through this unequalled deception.


Renowned Toronto lawyer, Rocco Galati, brings unusual case to change the way Canada’s central bank operates.

To many it seemed a challenge beyond our capabilities but COMER has continued their fight.

I would like to think that they are smiling now to see their hopes and efforts will be fought out in Supreme Court of Cananda.

Accomplished lawyer Rocco Galati is carrying the ball and it could not come at a better time for an infrastructure depleted Canada.


By Joyce Nelson

Originally published in the Watershed Sentinel

One of the most important legal cases in Canadian history is slowly inching its way towards trial.  Launched in 2011 by the Toronto-based Committee on Monetary and Economic Reform (COMER), the lawsuit would require the publicly-owned Bank of Canada to return to its pre-1974 mandate and practice of lending interest-free money to federal, provincial, and municipal governments for infrastructure and healthcare spending.

Renowned constitutional lawyer Rocco Galati has taken on the case for COMER, and he considers it his most important case to date.

On October 14, a Federal Court judge cleared away yet another legal roadblock thrown in the lawsuit’s path. The federal government has tried to quash the case as frivolous and “hypothetical,” but the courts keep allowing it to proceed. As Galati maintains, “The case is on solid legal and constitutional grounds.”

When asked after the October procedural hearing why Canadians should care about the case, Galati quickly responded: “Because they’re paying $30 or $40 billion a year in useless interest. Since ’74, more than a trillion to fraudsters, that’s why they should care.” (COMER says the figures are closer to $60 billion per year, and 2 trillion since 1974.)


Read More

You might also interested in this earlier Toronto Star article from spring 2015 when Rocco Galati commenced the lawsuit. It at least partly explains the inflationary climb that kicked in mid 70’s along with the spiralling debt. The banks made money out of thin air and we have been picking up the tab ever since.

This was pushed by powerful Swiss bankers on an international basis and kicked into play under Pierre Trudeau’s time in office. Interesting that the Harper government tried to block the case going to court. All political parties have refused to speak out or intervene, oddly enough even the NDP. Why?

6 comments to COMER Lawsuit Claims That Canadians Have Been Swindled Out Of Trillions Since 1974

  • John Monroe

    This won’t be going to the Supreme Court any time soon. A court has just ruled against COMER for the fourth time. https://www.canlii.org/en/ca/fct/doc/2016/2016fc147/2016fc147.html?searchUrlHash=AAAAAQAsIkNvbW1pdHRlZSBmb3IgbW9uZXRhcnkgYW5kIGVjb25vbWljIHJlZm9ybSIAAAAAAQ&resultIndex=3 COMER is appealing, but based on the judge’s comments and the appeal court’s decision last time, they are unlikely to win at the appeal court. Just as well, since most of their claims are false, although the case has been thrown out before a court has even gotten so far as to rule on the veracity of their claims.
    The Bank of Canada never had a mandate of lending interest free to anyone, although its practice of paying a dividend equal to its profits to the federal government meant that federal borrowing was close to interest free. Provinces and municipal governments are not entitled to a share in the dividends, so their borrowing never was and never can be “interest free” in this way. There were never conditions on this borrowing, the Bank of Canada’s lending to the government could be used for anything, it was never restricted to infrastructure or healthcare. What the Bank of Canada can lend “interest-free” is restricted to what it can borrow interest free, basically the money it prints.
    Nothing of significance changed for federal borrowing in 1974. Before and after 1974 the government borrowed from both the Bank of Canada and the private sector. The amount the federal government has borrowed from the Bank of Canada has increased every year since 1974 and is now over $90 billion. What did change after 1974 was the government started running much larger deficits, much bigger than the Bank of Canada could finance by printing money.

  • Thank you for the update. This is a really big deal. We are being fleeced. And I agree, the ‘inflation’ word is a red herring. Combine this with the need for an Independent Ombudsman for Healthcare and Hydro (another fleecing operation) and get rid of interprovincial taxation and Canada might have a beautiful vibrant healthy economy and people. I just came across this article and it touches upon a big mindset problem (albeit applied in an educational system) that has been set in place in the world and it needs to be broken. There has been no intellectual growth in our financial systems or entrepreneurial acumen. Only the feeding of guns and butter. Welfare and war. And a race to the bottom. All brought to us by the geniuses in power looking after our best interests (not). http://www.studentpulse.com/articles/171/re-envisioning-paulo-freires-banking-concept-of-education

  • Pamela Mac Neil

    Thx for the update on this Richard. If COMERS wins this case it will send shock wave throughout the West.Galati is the right man to be fighting this.

  • Liam Young

    So, the question is who pays?
    And if all of a sudden the Bank of Canada is able to lend interest-free to provinces and municipalities, won’t there be a massive inflationary effect?

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>