Petition updateLet’s use our publicly-owned Bank of Canada to its full potential as per the Act of 1938Canada Debt Free.. is it possible?

Jean-Pierre RicherSt-Hubert, Canada
Sep 22, 2015
Did you know that the Bank of Canada used to make interest free loans to municipal/provincial/federal governments before 1974 ,when the total national debt was only 18 billion dollars and you could still buy a good house for under 20 thousand, inflation was just a word. Then it seems our officials decided to stop using the Bank of Canada’s ability to print interest free money and to borrow money from private foreign banks, that love compound interest .
Does that explain our ballooning NATIONAL DEBT problem? As well as the never ending call from all governments for more and more of our hard earned money. So what can we do about it? Well a few Canadians have filed an action in Federal Court to restore the use of the Bank of Canada. The crime of this story is that none of the mainstream media has covered it.
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