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.
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.)
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?