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.’