Money is one of the most powerful forces in our world, yet it is one of the most misunderstood.  The general public is not informed about how banking and monetary policy affect themselves and everyone else around them  This is a campaign to reverse that perpetual sense of denial and ignorance.  The more you learn about these issues, the more it will change the way you look at the world.

If people understood the very basics of the monetary system, we would not be in a situation where we are compromising our and our planet's survival. Money is a powerful means of attaining resources and utilizing them in ways that are beneficial to our shared goals. However, money has been used as an end to deplete our planet of needed resources that we rely on for survival, health, happiness, and overall dignity.

So, let's break down the money train:

Money, what is it? What does it mean?

Money is currency. There's hard and soft currency. Hard currency is the paper notes we use to purchase goods and/or services in the system, while the soft currency is what banks create, also known as debt through loans, credit cards, etc. We'll get to this soon. Just hold on.

Hard money is produced in coins and notes by the Royal Canadian Mint of Canada and under the Canadian Bank Note Company, under contract from the Bank of Canada. Only the royal mint has the power to produce coins and print off the money used in circulation.

Who gives the order of how much to put into circulation?

The issuance of money is done by the Bank of Canada. The Bank of Canada is the bank of the people of Canada. It has a governor, and a board of directors. The BOD is appointed by the Finance minister of the current government while the governor is appointed by majority decision of the BOD.

Issuance and Creation. What's the DIFF?

It is very important to distinguish between the two. Issuance is the act of producing and distributing the hard currency as we've just discussed. However, creation is what we owe our 566.7 billion debt to. While the Bank of Canada issues the money in circulation, only 5% of the "soft currency" is created by the Bank of Canada, the other 95% is created by commercial banks through a wee little closed door, backroom deal from the 1991 government, to abolish statutory reserves as set out in the Bank of Canada Act, and to give private and comercial banks free reign to create perpetual debt through a term called Fractional Reserve Banking.

What the freak is that?

Fractional Reserve Banking is a nice word to cover up the crime of our 566.7 billion debt by the power of commercial banks (TD, CIBC, HSBC, Bank of Montreal, etc..) to create money "out of thin air". Magic? Not really, we'll now uncover the trick:

Fractional Reserve Banking is the practice by commercial banks (against the best interest of people) to only hold a fraction of total deposits in reserve. Ever heard of a "run on the bank"? This happens  when people went to cash out their deposits after uncertainty (rightly due) in the economy, and the bank simply "runs out" of people's money. That's right, they don't have everyone's money, only 10% of it. Welcome to the wonderful world of fractional reserve banking and backroom lobbying.

So where did all the money go?

Fractional Reserve Banking not only gives the banks the leeway to keep only a fraction of people's deposits, 10% in Canada, but also to use the remaining 80% as "cheque-book" money. In other words, D.E.B.T (despair, embezzlement, bribery and trepidation).

So the 566.7 billion dollar question is WHY?

No really, is it not?

For more information on the campaign or to request a presentation, please contact:

Michael Kenny - This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Claudia Rodriguez-Larrain - This e-mail address is being protected from spambots. You need JavaScript enabled to view it