Understanding the Bank of Canada

August 25, 2012 by
Filed under: Bankruptcy 

The Government of  Canada (aka Harper’s Government ™) owns and operates the Bank of Canada. The Bank of Canada prints the money. Yet, the Government of Canada continues to borrow money from private banks, and pays the same commercial interest that you and I pay.

Weird, eh? when they can be borrowing for free, and passing those savings on to us, it’s owners, through programs and services.

Thank you Brian Mulroney.

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