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Bank Of Canada May Go Back To Sovereign, Debt Free Money.

CLARIFICATION: The court ruled that the Committee on Monetary and Economic Reform (COMER) has the right to sue the Bank of Canada for deviating from their original mandate of debt-free finance. The Bank had previously claimed the issue could not even be questioned in a lawsuit. The next step is for COMER to file a lawsuit that directly challenges whether or not it was legal for the Bank of Canada to change from debt-free finance to debt-based. (Feb. 7, 2015)

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Canadians sued the Bank of Canada and won. Bill Still says ‘the ruling is expected to have significant repercussions on central banks around the world.’


About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends–with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

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